Europe branded third world economy by a senior contributor to Forbes
Magazine The Fallout of the sanctions imposed on Russia over the conflict
in Ukraine has turned Europe into the third world of the western economies
virtually everyone in our community myself included we've been dubbed alarmists by the
Liberals because of the things that we discussed surrounding the energy crisis and the economic
crisis that is unfolding in the collective west of course it is unfolding most acutely
in regions such as Germany and France and the UK and so far as the economic crisis and the energy
price crisis Germany you have the lack of energy that is going to be a problem uh France as well
you're gonna have organized blackouts in both of these states uh the Swiss are worried about this
basically the entirety of the EU is worried about this okay um and in the states though our liberal
counterparts will say that we are alarmists were Russian propagandists I don't really care all that
much what they have to say the only reason why I even tried to engage with them at certain times
is because this is going to bite them in the ass and as much as I don't care for their ideology
as much as I think that they probably you know wish I was off the internet or Worse um I want
this country to actually you know be prosperous I want to build this country I want this country to
grow I want to focus on improving you know the standard of living in this country and we're
not going to do that if we choose to avoid the simple facts of as to what is about to hit us
um coming over from Europe so let's let's dive into this because the facts are startling
you don't believe me take a look at this first story
Germans have been warned now of toilet paper shortage the energy crisis could severely affect
production in Industry body worn so this is now the second time that we've seen a major industry
body come out and warn about toilet paper and paper shortages in Germany okay now why is this
well the crisis on the European gas market could lead to reduced production of toilet paper in
Germany according to Martin krangle chairman of the nation's paper industry Association we are
particularly dependent on gas for the production of tissue paper without it we will no longer be
able to provide security of Supply krangle said in a statement published on Thursday according
to data provided by uh the German paper each German citizen uses an average of 134 rolls of
toilet paper per year and the current energy crisis our top priority is to provide people
with this important commodity cringle stress last month the Bavarian paper Association warned that
operating paper plants May become unprofitable if they are forced to work at reduced capacity due to
Natural Gas shortages Germany in the EU as a whole have been recently seen a significant reduction
in natural gas supplies from Russia leading to numerous warnings of possible industrial
shutdowns Okay so this is a big problem but really it's it's just a it's just a a little bit of a
look into what is going to be coming their way very very soon and people are beginning to wake
up to this I'm not going to lie we have Bloomberg who's now reporting that the UK energy crisis may
be worse than 2008 market crash surging utility bills threatened to sink more than half of British
households into debt more than half of the UK households risk falling into energy poverty this
winter more than a half okay I know we go through stuff here I know you maybe some of you guys kind
of just like listen as you go about and do work in the house or maybe you're not paying that close
attention if you listen if you haven't listened anything else the stream yet if you've kind of
been tuning us out listen to this right here I'm going to repeat this more than half of the UK
households risk falling into energy poverty this winter meaning that they will have an inability
to pay for their electricity bills and also maintain enough funds to pay for food water
and a roof over their head over 50 percent of the country and this is Bloomberg warning us
about this so you can imagine that it's going to be worse than whatever Bloomberg is selling it
skyrocketing bills are also reportedly threatening power suppliers with Rising debts that can't be
repaid the report warned that the crisis could have a bigger impact on the households than the
global financial crisis of 2008. bills are set to Jump by roughly 80 percent starting from October
when Colder Weather boosts energy demand winter energy bills are expected to be more than triple
what they were last year the impact to society will be higher than the 2008 crash in terms of
the impact on households James Cooper a partner at baranga told the outlet we are now moving into
territory with the majority of households are placed into debt or a very fragile financial
position a majority of households in the UK will have debt or a very fragile financial
position I mean this is the in fact that no one is talking about this is insane to me average
annual household energy bills in the UK are forecast to exceed 3 500 pounds from October 1st
that's insane but it's actually not even close to how insane it's going to get aren't they
predicting that it's going to be like seven to eight thousand annually uh dollar wide I think
I think seven thousand Pounds or something annually um and that it's probably gonna be
worse than that the National Health Service warned this month the UK could face a humanitarian crisis
involving ill health excess death and Rising inequality if the government does not take
urgent action to address uh these Rising energy bills and it doesn't seem like they're going to
do that to all they seem like they really want to do right now is blame Putin despite the fact of
course uh that other countries that aren't even like all that Reliant upon uh Germany or sorry
Russia for their gas are now being hit as well I mean Spain is warning about this EU faces winter
of great suffering according to Spain European countries supporting Ukraine against Russia
should brace for a full suspension of natural gas supplies by Moscow during the upcoming winter
Spanish defense minister Margarita Robles has warned he's got a good head on her shoulders she
understands happening quote we are going to have a winter of great suffering the cabinet member
told Radio National on Wednesday adding quote in Europe we have to work hard to be ready to
deal with it Robles claim that Russian President Vladimir Putin is already throttling the supply of
gas to the continent apparently referring to the reduction in deliveries by Russian energy Giant
Gas prom we actually have an update on that story later so yes this is true they're down to what 20
capacity through gas prom if only if only there was another pipeline if there was on if oh my God
you guys imagine if there was like another pipeline that they could use to more than double
the amount of energy flow into Europe wouldn't that be just something if they could do that
I like nordstream one is is pretty pretty shot right now I mean it's down to 20 uh capacity flow
it's pretty shot imagine if they had something like like a second version of nordstream one that
had an even higher capacity potential to ship gas into Europe like we could call it nordstream too
you know we could we could call it Nordstrom too wouldn't that be crazy if they could do
that Nordstrom too well they could and they actually shut it down of course they canceled
the Nordstrom 2 pipeline that's exactly what I'm referring to but listen because of all of
this you hear about the excess death you hear the talk about the economic crisis growing inequality
all this sort of stuff the great reset agenda on full display well now now there is a senior
contributor from Forbes Magazine I told you that there's you know people in high
positions that are now speaking out about this who has branded Europe a third world economy
Putin is sitting back folks Putin's sitting back saying we don't really need the dollar anymore
we don't really need the Euro anymore we don't really need you anymore we've got bricks and we
are expanding day by day soon it will be Egypt it will be Argentina it'll be Indonesia it'll be all
these countries and more we don't really need you guys we're working with China we've more than uh
you know we are 25 percent year over year probably 30 40 year over year increase in trade with China
75 75 of that's through energy increases we don't really need the West anymore and we're
kind of chilling actually the stock market is strong rubles top performing currency uh they're
they're I mean we're going through Commodities boom there are Commodities producer Putin's
thesis that he wrote in his master's program uh his PhD program actually proved to be right okay
it proved to be right he's taken Russia from its knees to the point it's head today and now
Europe is in this situation right here a state of dramatic collapse Europe branded third world
economy by a senior contributor to Forbes Magazine The Fallout of the sanctions imposed on Russia
over the conflict in Ukraine has turned Europe into the third world of the western economies a
senior contributor to Ford's magazine has claimed quote these days the European stock market is the
worst in the western world underperforming uh the U.S by 10 basis points Kenneth Raposa pointed out
in his article on Tuesday the most significant headwind for such a state of affairs has been the
Russian sanctions on energy as punishment for its war with Ukraine Raposa insisted
those restrictions set off a massive commodity price that hurts the European economy the most
God is this Repose a guy is this guy of Russian asset a Putin propaganda is what what's good with
them of course we need to suffer to prove it to stick it to stick it to Vladimir Putin we
need to stick it to Vladimir Putin the author advised investors against putting their money
into Europe at least until Brussels figures out how to compensate for the massive reduction in
energy Supply from Russia and how to mitigate the harmful impact of its own sanctions if there's no
ceasefire in Ukraine soon chances are that Europe becomes so desperate this winter and Supply chains
so stretch that it has no choice but to relax some sanctions or convince non-eu Partners to
re-label and transship Russian Commodities to look in compliance with their own rules
but really doing an end around he wrote until some solution is provided Europe will remain
the third world of the western world economies reposes stress okay so that's where we're at now
doesn't seem as though we're headed in any sort of direction of course correction this
is something that we've discussed quite a bit on our channel here course correction it's what the
West needs to do drop the sanctions apologize to Russia beg for forgiveness give them sweet deals
reopen nordstream 2 reopen nordstream one reopen the Ukrainian pipelines give them what they want
and you know whatever you know regions uh make good on your promises and let's let's bring it
into this let's get peace let's let's solve this economic crisis let's solve the solve this energy
crisis it's really quite simple the thing is these people are not only deeply rusophobic
they're not only deeply arrogant and ignorant they're not only deep Western exceptionalists
but they are deeply indebted too and manipulated and controlled by the world
economic forum who will not accept anything less than an all-out campaign military economic
uh you know media based against Russia and that's exactly what they're now getting foreign
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