An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Wednesday, June 9, 2021
TASS — US sanctions against Nord Stream 2 become meaningless - Putin
The Russian President added that everything that the United States did with regard to Nord Stream 2 was beneficial only to them….
Germany was just not that into buying expensive US gas.
It was German business that prevailed on Merkel to stand up to US pressure. Their competitiveness would have been undermined by more expensive energy.
Germany sensed that this was an effort to weaken not only Russia but itself as the economic powerhouse of Europe. Remember that a major reason for the creation of the EU and EZ was to establish Europe as the equal of the US. The US was and is having none of that. It wants vassals of the empire, not another peer competitor.
Trumps only problem was with the hypocrisy… Russia is supposed to be some big military threat to NATO meanwhile you are doing big business deals with them for critical resources…
So if Trump were still in there now he would just pull US funding of NATO operations in Germany and move on… let those two lovebirds have their honeymoon…
“ expensive US gas.”
ReplyDeleteI know “out of money!”…
Expensive gas that would have had to cross the Atlantic ocean...
ReplyDeleteEverybody knows that the Germans are penny pinchers:
ReplyDeleteIf You Speak German, You’re More Likely to Be a Penny Pincher
https://www.bloomberg.com/news/articles/2017-05-24/if-you-speak-german-you-re-more-likely-to-be-a-penny-pincher
That's how it goes, Everybody knows
I know “out of money!”…
ReplyDeleteIt was German business that prevailed on Merkel to stand up to US pressure. Their competitiveness would have been undermined by more expensive energy.
Germany sensed that this was an effort to weaken not only Russia but itself as the economic powerhouse of Europe. Remember that a major reason for the creation of the EU and EZ was to establish Europe as the equal of the US. The US was and is having none of that. It wants vassals of the empire, not another peer competitor.
BASF had 49% from day one…
ReplyDeleteTrumps only problem was with the hypocrisy… Russia is supposed to be some big military threat to NATO meanwhile you are doing big business deals with them for critical resources…
So if Trump were still in there now he would just pull US funding of NATO operations in Germany and move on… let those two lovebirds have their honeymoon…
What happens when you guys come to a tee in the road? Do you guys just can’t make a decision and just drive straight into the woods?
ReplyDeleteYou guys all better have AAA…