My dear impertinent, dear impertinent,
We are driven by broken arms.
We are ruled by the worst kind of fools who only see trouble when they stick their heads inside.
It’s pretty useless.
In France, our government mammouchis think that everything is fine since the Enarques have set up a gas plant (without Russian gas) that allows certain companies to obtain aid in the event of an excessive energy bill. The small problem is that this aid does not correspond to… the rise in energy prices.
I am streaming here this little video about an SME from our region that is hitting a wall due to energy bills. The particular case of this company does not matter. This is a general problem that also affects all private schools, for example whose heating bill is not paid by the State but by parents through school fees. This will affect all swimming pools, sports halls and gyms. Shops, restaurants and all food industries.
The invoices are in France for the moment multiplied by 2 or 3.
Dechaumont foundries, 150 people.
Your electricity costs have dropped from €750,000 to €1.5 million and €6 million by 2023!
✅ These industries will go bankrupt and will be liquidated.
Relay, prevent Macron’s madness from destroying everything in 🇫🇷 pic.twitter.com/WAXHQLFZ16
— Philippe Murer 🇫🇷 (@PhilippeMurer) August 31, 2022
In Germany, the increases are so important that the entire German industry is on the verge of extinction, which rightly alarms the German Minister of Economy, who is sounding the alarm, but in a vacuum and the handle seems to have stayed on its hand.
We go straight to the wall.
We are running towards an economic and industrial disaster never seen before.
German Finance Minister Robert Habeck is sounding the alarm as local companies have “completely stopped production” due to soaring gas and electricity prices.
“Companies are experiencing great distress,” he said. https://t.co/TUuKyhJiUX
– Javier Blas (@JavierBlas) August 31, 2022
German Economy Minister Robert Habeck is sounding the alarm as local companies have “completely stopped production” due to exorbitant gas and electricity prices. “Companies are really distressed,” he said.
There is availability and price!
In any economic thing you have two parameters. Availability and price.
Just because we still have gas and electricity doesn’t mean we don’t have a big problem with prices!
When we focus on availability and (very real) shortage risks, we often forget the price dimension of the problem.
Energy prices are so high that soon half of European companies will no longer be able to operate because these increases in production costs cannot be passed on to final customers, or inflation will quickly reach double digits and exceed 20% very quickly, as is already the case with the Baltic countries which are part, I remind you, of the euro zone.
The German economy is shutting down. German factories are closed and that is not good news.
From Paris to Berlin, it’s time for pimp managers. Even my chickens would do better!
It is already too late, but all is not lost.
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