The escalations by Europe and the US in Ukraine against Russia are fraught with risks and dangers. One small misstep and things could spiral out of control.
While NATO is busy having its armaments and hardware stockpiles reduced to twisted wreckage in Ukraine, Russia has been warning that these provocations are against a nuclear superpower.
Oh. And then there’s this news that just came out this morning (Happy Valentine’s Day!):
/Insert curse words here/
Further, the US was revealed to be the driving force behind the Nordstream pipeline explosions according to Seymour Hersh. Whether he had the story exactly right in its details is unimportant to me because the statements and actions before and after the explosions revealed that NATO was behind it. Exactly who and how may never be known except by those who were there and did it. But, again, it doesn’t matter.
The largest act of economic sabotage in history, one that will immiserate an entire continent of 400,000,000 people, was carried out. The Rubicon has been crossed. No backsies.
There’s zero chance of Europe “making up the difference” with liquified natural gas (LNG) because LNG costs more than pipeline gas. That’s just physics translated into money.
By extension, everything in the world that can be transported which relies on gas will now be subject to the derivative price spikes. Fertilizer and food, silicon and glass, steel and cement…the list is endless.
The people of Europe aren’t ready for this. I’m not ready for this. None of us are. But we have to carry on and we do this by banding together and becoming more resilient.
This is a companion discussion topic for the original entry at https://peakprosperity.com/and-neither-am-i/
