I sat down last weekend for a long chat with Alexander Mercouris of The Duran and Crypto Rich to discuss the rapidly evolving situation in Europe. Long time readers know that I’ve been handicapping the collapse of the European Union for years.
That idea isn’t based on my personal antipathy for Eurotrash commies and eugenicists, though it is quite large. In fact, the deeper we go into 2022 the more that antipathy rises to near unquenchable levels. The sheer arrogance and stupidity of Europe’s leadership is nothing short of breathtaking.
Today we are looking at a situation where an entire continent’s leadership is in the process of committing ritualistic suicide and yet is obsessed with portraying these self-inflicted wounds to the world as Russian President Vladimir Putin’s fault.
A common trait among all malignant narcissists is the inability to take any responsibility for their own actions, seeking to always shift blame onto someone else. You see this behavior in children. And it only manifests itself in adulthood because the parents refused to put any boundaries on the child or inflict any consequences on them.
Look at Europe’s leaders today and to a person, man or woman, there is not one shred of self-reflection or contrition. The problem is just as endemic here amongst the Davos-affiliated American leadership. Fungal President Joe Biden keep yammering on about the “Putin Price Hike” or blaming oil companies for not being patriotic enough to keep gas and diesel prices affordable for nearly every American.
But it was just a few weeks ago where these same people were telling us that we had to endure slightly higher prices at the pump to starve Russia and defend Ukraine.
Biden and his party apparatchiks simply can’t give this idea up as we’re now just over four months to the mid-term elections.
Biden to companies that run gas pumps:— Townhall.com (@townhallcom) June 22, 2022
"This is a time of war. Global peril. Ukraine. These are not normal times. Bring down the price you are charging at the pump to reflect the cost you are paying for the product. Do it now. Do it today." pic.twitter.com/1SCACLd8YO
I already told you what the real cost at the pump is all about, RINs, renewable offset blending credits, which are strangling small refiners.
But in Europe the real story is beyond comprehension. It can be summed up in the following meme:
And yet if you listen to Europe’s leadership what are they talking about? Expanding NATO to include Finland and Sweden. Backing Lithuania’s disastrous blockade of overland goods into Kaliningrad, in clear violation of that country’s treaty with Russia. The EU parliament and the leaders of France, Germany, and Italy all backing Ukraine’s invitation into the bloc.
These are all to which Russia will correctly respond with shifting its exports East rather than West and put paid Putin’s words from his speech at SPIEF 2022 last week.
“The European Union has lost its political sovereignty, and its bureaucratic elites are dancing to someone else’s tune, doing everything they are told from on high and hurting their own people, economies, and businesses.”
The whole speech is worth your time and the best highlight reel is this Twitter thread, not for what it implies for crypto, as the author implies, but for humanity in general. Debt is a slave’s system. It’s not real wealth, only the pretense of wealth.
The big takeaway is exactly what I’ve been talking about on this blog for years: The end of sovereign debt as the basis for global reserves. The world will move, quickly, towards a commodity-backed monetary standard, where some form of discipline will be enforced on governments, who are torching their credibility by the day, because of reality.
Real wealth is in things which sustain your life.
Eventually physics and the limitations of time catch up with every central planner and their grand dreams of global domination. The tyranny they decry isn’t racism, a lack of tolerance or even tribalism, it is simply math and the physics of energy production.
That is Putin’s big crime, reminding everyone of this basic fact.
The narcissists who try to blame him for their woes will never admit they were wrong. They would rather continue manipulating events to steer the world towards the unthinkable blaming him and us for not bowing to their wisdom.
Listen to them carefully and all you will hear is, “It’s not my fault!”
But it is.