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Euro plummets to a 20-year low amid war in Ukraine
MSN.com ^ | 9/21/22 | Staff

Posted on 09/21/2022 9:25:03 PM PDT by Its All Over Except ...

It came after Russian President Vladimir Putin ordered the partial mobilization of reservists in an escalation of the war in Ukraine and after the Federal Reserve enforced another stark interest rate hike as a response to soaring inflation.

...

The European Central Bank (ECB) had joined the push to fight inflation just recently, but has struggled to fully curb it.

...

(Excerpt) Read more at msn.com ...


TOPICS: Foreign Affairs; Front Page News; Germany; Government; News/Current Events; Politics/Elections; United Kingdom
KEYWORDS: biden; bidensanctions; eu; euro; putin; putinlovertrollsonfr; putinsbuttboys; putinworshippers; resultofsanctions; russia; ukraine; zelensky; zottherussiantrolls

1 posted on 09/21/2022 9:25:03 PM PDT by Its All Over Except ...
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To: All

A.)

European Union President Proposes Cutting Off Electricity to Consumers to ‘Flatten the Curve’

https://freerepublic.com/focus/f-news/4093184/posts

B.)

Wave Of German Insolvencies Picks Up Speed…”Tenfold Increase in Gas, Electricity Prices”

https://wattsupwiththat.com/2022/09/11/wave-of-german-insolvencies-picks-up-speedtenfold-increase-in-gas-electricity-prices/

C.)

Al Mayadeen
9/16/22

Germany fears inevitable bankruptcy amid energy crisis

The Bundestag calls on the country to negotiate with Russia ‘with an open mind’, as anti-Russian sanctions begin to take their toll on the deteriorating economy and energy scarcity.

In a tweet on Thursday, German left-wing politician and chairman of the Bundestag committee on energy, Klaus Ernst, referenced statements by Chancellor Olaf Scholz that the sanctions should not hit Europe harder than Russia itself: “We have now imposed seven packages of sanctions and Gazprom is making record profits. At the same time, we are threatened with a wave of bankruptcies. Therefore: negotiate with Russia with an open mind”.

...

https://english.almayadeen.net/news/economics/germany-fears-inevitable-bankruptcy-amid-energy-crisis


2 posted on 09/21/2022 9:26:43 PM PDT by Its All Over Except ...
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To: Its All Over Except ...

“Euro plummets to a 20-year low amid war in Ukraine”

The Euro has plummeted even more against the Ruble, so I can see why Europeans don’t want Russians coming by, as the Russians would be too busy laughing at the Europeans for being so STUPID as to destroying their economies and their currency all in a successful program to enrich Russia.


3 posted on 09/21/2022 9:28:39 PM PDT by BobL (By the way, low tonight in Latvia: 42 degrees)
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To: Its All Over Except ...

Ain’t sanctions great?

/s


4 posted on 09/21/2022 9:31:35 PM PDT by lightman (I am a binary Trinitarian. Deal with it!)
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To: BobL

And the SCO and BRICS seem to be rolling along nicely with numerous countries like Saudi Arabia expressing interest in BRICS.


5 posted on 09/21/2022 9:35:34 PM PDT by Its All Over Except ...
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To: Its All Over Except ...
Tenfold Increase in Gas, Electricity Prices...

That could look like a typo or a Bee headline, but the reason I know it's real is because my mother-in-law lives in Sweden, and, as of several weeks ago, her stated annual power bill went from 20k Krona to 150k Krona.

This is real, and it's bad. All because handfuls detestable fknoids are dragging us into their wars.

6 posted on 09/21/2022 9:37:05 PM PDT by AAABEST ( NY/DC/LA media/political/military industrial complex DELENDA EST)
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To: Its All Over Except ...

it’s not that hard...

1 Euro equals
0.98 United States Dollar


7 posted on 09/21/2022 9:48:57 PM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: AAABEST

“That could look like a typo or a Bee headline, but the reason I know it’s real is because my mother-in-law lives in Sweden, and, as of several weeks ago, her stated annual power bill went from 20k Krona to 150k Krona.”

In US Dollar terms, that’s about $180/month to $1350/month. And this hits Europeans even harder than Americans, as Europeans have very high taxes and thus much less cash available.


8 posted on 09/21/2022 9:50:35 PM PDT by BobL (By the way, low tonight in Latvia: 42 degrees)
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To: lightman
If you're trying to make sense of what the neocons are doing in Ukraine, remember what Nuland said in 2014.

"F- the EU."


9 posted on 09/21/2022 10:13:36 PM PDT by Gunslingr3
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To: Its All Over Except ...

Meanwhile the ruble is doing fine, even up a bit.


10 posted on 09/21/2022 10:16:56 PM PDT by Fido969 (45 is Superman! )
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To: AAABEST
It looks like the prices are coming down again in most of Sweden. Projections made from the worst week look scarier than what is really expected.


11 posted on 09/21/2022 11:04:01 PM PDT by Krosan
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To: Fido969
Meanwhile the ruble is doing fine, even up a bit.

LOL, Russian Stock Market is down 50%

Russia's Stock Market Crashes After Putin's Partial Mobilization Message


12 posted on 09/22/2022 3:59:29 AM PDT by tlozo (Better to Die on Your Feet than Live on Your Knees)
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To: Its All Over Except ...

Don’t tell Hunter but Euro hookers, champagne and caviar are on sale.


13 posted on 09/22/2022 4:16:55 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: BobL

EU is controlled by socialists and some hidden communists. SInce the wake of WW2, EU socialism has been successfully funded by the US givernment (which means the US taxpayers) and multinational corporations (which means consumers). They have never had to pay the true cost of their enlightened way to live in perfect world. The music at their party has stopped, though the US givernment is still propping them up for historical and “strategic” reasons.

It is increasingly difficult these days to identify what the EU has in resources or manufacturing that would be defined as in the US’ strategic interest. Cultural ties via immigration no longer exist in critical mass. EU has exported bad ideas for over a century, like communism, socialism (the latest being the Green Deal). EU - being a geographical NATO launching pad to counter Russia military ambitions seems less necessary, especially if the Russo-Ukrainian war news reports about Putin’s military ineptness are half true. Eu should pay for their socialism. When Trump pointed out the obvious to everyone but givernment wonk and grifter types - how ridiculous it was to become dependent on Russian oil (pipeline) and then expect the US to defend EU when their oil got shut off by Russia during a war ... the EU, US State Dept and media scoffed at him as not knowing what he was talking about, and how dangerous, careless, thoughtless he was undermine established EU-US foreign policy. We need a grown up in the WH to repair these relations - we were told. Yepp, uh huh, sure.


14 posted on 09/22/2022 5:06:02 AM PDT by Susquehanna Patriot ( )
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To: Its All Over Except ...

Winning!


15 posted on 09/22/2022 5:39:48 AM PDT by Sirius Lee (They intend to murder us. Prep if you want to live and live like you are prepping for eternal life)
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To: Susquehanna Patriot

“When Trump pointed out the obvious to everyone but givernment wonk and grifter types - how ridiculous it was to become dependent on Russian oil (pipeline) and then expect the US to defend EU when their oil got shut off by Russia during a war.”

Except that Russia didn’t even have to bother shutting off the flow of fuel, the EU did it themselves!

In the end, I think the EU could have simply ignored Ukraine and continued business as usual with Russia, but they would have had to stand up to the US and to the Western Media. In the end, the US would have backed down, as the US would have been isolated in that scenario.

...so here we are, with a country run by ‘adults’, LOL.


16 posted on 09/22/2022 6:29:31 AM PDT by BobL (By the way, low tonight in Latvia: 42 degrees)
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To: AAABEST

European natural gas prices peaked on 26 August, and are down almost in half since then, even though Russia shut off the Nordstream pipeline during that time. Current spot market prices are still about four times what they were a year ago, but still seem to be dropping.


17 posted on 09/22/2022 8:23:49 AM PDT by BeauBo
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To: BobL

True that.

One needs to go back to the other adult in the room - Barack who, during his reign of error, meddled in Ukrainian internal affairs at the behest of our “EU friends”. I recall, part of Ukraine givernment wanted EU membership, and who wouldn’t join the EU without the benefit of membership in the US paid-the-freight-for NATO. EU wanted Ukraine as a member state. Russia was meddling in Ukraine in opposition to the EU. The Russians have been meddling in the Ukraine all the way back to the 800s A.D.. Other peoples/nations have also been involved in Ukrainian territory since the 800s including Poland, Czechs, and Turkey. It’s enough to make one’s head spin.

Overlay on top of 1200 years of war and hatred among different cultures is the international interdependence of nations post WW2 - globalization of economies. While the post WW2 “statesmen” were promoting and implementing “peace through globalization” as a way to prevent future world (EU) wars, the mindset of West (EU) vs Soviets remained in solidly place despite the fall of the Soviet Union and their increasing trade with their “old enemies”. But after all, a zebra doesn’t change its stripes - neither does Putin, nor do the Europeans. And US foreign policy hasn’t gone in any other direction since bailing EU out of 2 world wars.

This confirms again for me, George Washington’s advice over 200 years ago - avoid foreign entanglements - was what the US should have always followed from a foreign policy perspective. Woodrow Wilson started us down the new road. With post WW2 globalization, where economic boycotts are at best ineffective foreign policy tools because they negatively impact (now cause great harm to 10s of millions) one’s domestic tranquility, it’s difficult to see George Washington’s advice ever being rediscovered. We are still paying for our involvement in WW1 and WW2 and our strategic interest in EU is less obvious beyond “West good, Russia bad.”

Hack, aged out politician Xiden is just following orders, he does not have the physical or mental stamina for the job. He’s not aware of where he is to go after stepping away from a podium.


18 posted on 09/22/2022 10:07:26 AM PDT by Susquehanna Patriot ( )
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To: BeauBo

The reason for the current drop in prices is ....?

And today’s easing off to lower prices (even if not down to Jan 2021 levels) will be sustained because ....?

Petroleum prices are predicted to go up at the end of the year and into next year. There has not been an major uptick in oil production, nor in oil investment or restarting those operations that the givernments climate policies shut down. Switzerland is regulating the temps inside one’s home. California recently was telling people to not even charge their EVs. If there is a great recession or worse, oil prices might not go up as much because demand will be way down. Let see what happens.


19 posted on 09/22/2022 10:16:47 AM PDT by Susquehanna Patriot ( )
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