Eric Zuesse
Germany according to Reuters: German Chancellor Olaf Scholz gives a press statement about the gas levy at the Chancellery in Berlin, Germany August 18, 2022. The actual causes for the dramatic rise in prices are never explained. (REUTERS/Lisi Niesner/File Photo)
Actually, Europe’s own sanctions against Russia have produced and are producing skyrocketing commodities-prices that Europeans are experiencing not just in fuels but in foods, and will increasingly experience during the winter when there will be an even bigger demand for the fuels that Russia more than any other supplier and had been selling to Europeans at lower prices than any other country — but, now, because of those sanctions that are imposed by Europe’s leaders, Russia’s fuels are banned from European markets. Europe’s leaders have imposed those sanctions, and Europe’s ’news’-media praised them; and, so, European citizens approved of those sanctions; but, now, Europeans are starting to feel the inevitable consequence of that policy: soaring commodities-prices, and declining economies.
Germany will be battered with a wave of bankruptcies due to Ukraine-related sanctions against Russia, according to Commerzbank Chief Executive Officer Manfred Knof.“The energy supply in Germany is at risk, supply chains are breaking down, we have high inflation,” Knof was quoted by the Handelsblatt daily as saying.According to the executive, almost a third of Germany’s foreign trade has been impacted, forcing companies to navigate complex issues with customers, including surging commodity prices and supply-chain bottlenecks.“We shouldn’t delude ourselves: the number of insolvencies in our markets will probably increase and the risk provisions of the banks with it,” Knof said.
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ABOUT THE AUTHORInvestigative historian Eric Zuesse’s new book, AMERICA’S EMPIRE OF EVIL: Hitler’s Posthumous Victory, and Why the Social Sciences Need to Change, is about how America took over the world after World War II in order to enslave it to U.S.-and-allied billionaires. Their cartels extract the world’s wealth by control of not only their ‘news’ media but the social ‘sciences’ — duping the public.
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