/ world today news/ Borrowing huge amounts of cash on international markets will be a suicide pill for the EU in the long run.
At the end of June, Italian MPs organized a protest in parliament against the financing of Ukraine with military aid and against the war in general. Days later, Dutch farmers took to the streets to protest new government belt-tightening measures that would hurt their businesses, leading to panic. And just in the last few days we have seen increasingly desperate measures by the EU itself, which is behaving like an old man who has fallen off a bicycle and cannot get back on, writes British journalist Martin Jay.
Hurt by a blow to confidence after failing to win support for its sweeping sanctions plan to ban all oil and gas from Russia, the EU is no doubt in a state of panic, worried that voters have seen how ineffective this superpower is when it has a strong pressure.
Blinded by its own dogma, the EU is now talking about actually paying the big companies to reduce their production – so that they reduce their electricity consumption – so that there is no threat to the power supply for millions of citizens in the 27-nation bloc.
Remarkably, the EU feels as if it has cash to burn, to throw into the fire just to survive the cold coming of the next European elections in 2024, where far-right parties may even take – for the first time in history – as a majority bloc in the European Parliament.
In fact, offering cash to companies to produce less goods is pure madness, but in the realm of Disneyland in Brussels with little or no accountability, it can actually be approved.
The move shows how deaf EU leaders are to the needs of their own citizens and alarmingly contemptuous of any democratic process. Borrowing huge amounts of cash on international markets – which we must assume is the plan, as was the colossal bailout plan in the wake of COVID, which also failed to get support from member states – will be a suicide pill for the EU in the longer term time limit.
The EU will inevitably be forced to ask member states for more money to pay off the loan and this will create more resentment and scrutiny and lead to more Brexit-style countries wanting to go their own way instead of to finance the madness of Brussels and the crazy war that the West cannot win.
Yet he cannot win this war because his logic is flawed. The West believes it can play a long game and drain Putin’s resources. Firstly, this is unlikely to happen once winter sets in and people in EU countries start to feel the cold and more homeless people die, queues at food banks get longer and people reach a breaking point with Biden’s answer to everything that “Putin is to blame”.
People aren’t buying that narrative now, so it’s hard to imagine around Christmas when our own endless poverty starts to manifest right in EU countries and a tipping point is reached.
Yet there are other reasons why Western rationality is at best distorted. Not only will the EU and US economies not be able to cope with the pressure, both political and economic, but also that the longer the war drags on – the more casualties on the Russian side will rise – the more and more Putin will it is needed simply as a peace settlement.
It is this point that is completely ignored by the Western media, who refuse to look at the nuances and what-if scenarios from the other side’s perspective.
The complete lack of value of Ukrainian lives when calculating the losses. Ukrainians will not be counted. In fact, they no longer count in the minds of Western leaders who want them to fight to the last man.
However, Russian lives will count. Putin already had huge losses and took full control of the Russian-speaking regions. But he can’t stop there as he must seek payback for the losses he has suffered from the dead men and the financial strain on the economy.
At some point, the West will have to negotiate a truce with him, as even Zelensky recently told G7 leaders that the war must end by October.
If the Ukrainian leader’s attitude is that he will lose support for his war from Western leaders by winter, then the real conflict is between him and Western leaders who don’t see what Zelensky sees.
There’s a clash of ideas and goals as the West is stuck in an echo chamber of its own making, where the message “fight to the last man, no matter how long it takes” is repeated over and over like the torture scene in The Ipcress File. .
Western leaders have basically been brainwashed into thinking that there is only one path to follow, not seeing the consequences of prolonging the war, which in the end will just cost the West more and more.
For the EU itself, the war in Ukraine may prove to be the fire in which the moth flies, as the level of official stupidity, led mainly by Ursula von der Leyen, is breathtaking. Soon there will be rioting in the streets in many EU countries and again, like lunatics repeating the same mantra their doctors forced them to repeat while under anesthesia, the EU and bloc leaders will continue to blame Putin.
In the coming weeks, the governments of African countries will start asking for wheat from the countries of the European Union and the EU itself. See how the EU is backing away from this story and how journalists in the Belgian capital fail to cover it and how their demands have been rejected.
As the Russian ruble continues to rise and our economies in the West continue to collapse, don’t expect the Western media to present the story in the sobering light of plain truth and harsh reality.
The guilt of newsrooms and journalists from their call centers is also appalling, although we will soon, very soon, see the first EU member state to break away from the group and say “enough more…negotiate or else”. But which one will it be? And what will be the harsh retribution that an irritable EU will exact?
Translation: SM
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