Bernd
03/13/2022 (Sun) 14:04:07
No.46896
del
>>46867
>energy independence
Not only will the dependence simply switch from one side to the more expensive other, but the coming economic crush will hit Europe much more than USA. That's by design. The US is likely not too worried by another global recession triggered by the west's economic war on Russia because it will mostly affect Russia and Europe (talking just about the "global north"). (China and India will also be affected: they might not go all the way into the red but they will clearly grow less than they would have otherwise, which means Asia's economic global leadership is again hampered.) The result will be that USA will be able to swoop in and buy up industries or stakes in them, or become creditors for them. Their own industries may also become more competitive vis-a-vis european ones given the differential in costs. That will further help them stabilize their own inflation.
Europeans will pay for it and they will like it