Sunday, June 22, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Their Economy Is Collapsing All Around Them As Europeans Head Into An Extremely Cold And Bitter Winter – Investment Watch

by IWB
August 30, 2022
in Investing
Reading Time: 6 mins read
A A
0
Home Investing
Share on FacebookShare on Twitter


by Michael

Final winter, Europeans have been trying ahead to yet one more yr of peace and prosperity.  This winter, Europeans will discover themselves proper in the midst of an financial collapse.  It’s usually stated that power is the financial system, and power goes to be in very quick provide within the months forward.  Because of the struggle in Ukraine and a lot of different elements, power costs in Europe have shot as much as ranges that will have as soon as been unthinkable, and a number of other European governments are already getting ready to ration power.  That is going to have an incredible affect on financial exercise, and it will imply that this winter goes to be extraordinarily chilly and very bitter for tens of millions upon tens of millions of Europeans.

In Poland, many households often use coal that’s imported from Russia to warmth their properties, however that gained’t occur this yr due to the struggle.

Because of this, some determined individuals at the moment are standing in line for days simply to have the chance to purchase some coal…

Based on Reuters, with Poland nonetheless basking within the late summer time warmth, a whole lot of vehicles and vehicles have already lined up on the Lubelski Wegiel Bogdanka coal mine, as house owners scared of winter shortages await days and nights to fill up on heating gasoline forward of the approaching chilly winter in queues harking back to communist instances.

Artur, 57, a pensioner, drove up from Swidnik, some 30 km (18 miles) from the mine in japanese Poland on Tuesday, hoping to purchase a number of tonnes of coal for himself and his household.

“Bathrooms have been put up in the present day, however there’s no working water,” he stated, after three nights of sleeping in his small purple hatchback in a crawling queue of vehicles, tractors towing trailers and personal vehicles. “That is past creativeness, individuals are sleeping of their vehicles. I bear in mind the communist instances nevertheless it didn’t cross my thoughts that we might return to one thing even worse.”

Would you wait in a line for a number of days simply to get some coal for your loved ones?

I suppose should you have been determined sufficient, maybe you’d.

Video footage of Polish residents lined up for coal is so bizarre that it’s tough to imagine that it’s really actual.

In Poland, the place coal is king, dozens are lining up on the Lubelski Wegiel Bogdanka coal mine, ready for days and nights to fill up on heating gasoline. Learn extra: t.co/jVGwSEfLam pic.twitter.com/zZV3vtzEQk

— Reuters Enterprise (@ReutersBiz) August 27, 2022

Sadly, this isn’t a nasty dream.

That is the world that we dwell in now.

Within the UK, numerous shoppers might be going through monetary hardship this winter as power payments soar into the stratosphere…

Thousands and thousands of households will see their power payments rocket as the value cap is hiked to £3,549 a yr, plunging many into monetary hardship.

The file 80% October enhance, introduced by the regulator Ofgem, will see a typical default tariff buyer paying an additional £1,578, laying naked the deepening value of residing disaster.

The rise follows a 54% enhance in April, which noticed common payments surge to £1,971 a yr.

A 3rd of all UK residents are already having bother paying their power payments, and this new enhance gained’t even be applied till October.

So how excessive will that determine be six months from now?

Will half the nation be struggling to pay their power payments at that time?

And as power payments go larger and better, much more individuals might be pushed out of the center class.

Proper now, poverty is on the rise throughout Europe.

For instance, simply take a look at this video footage of individuals lined up for meals in Italy’s wealthiest metropolis.

Traces to the meals financial institution in Italy’s richest metropolis Milan are getting very lengthy…

Meals worth inflation is pushing households to the sting.

🔊 pic.twitter.com/KXsgQ3D2Yh

— Wall Avenue Silver (@WallStreetSilv) August 28, 2022

 

This form of factor isn’t purported to occur in Milan.

However it’s occurring.

And issues are going to get a complete lot worse for western Europe if Russia decides to completely reduce off the gasoline.

Already, Russia has lowered the quantity of pure gasoline that it’s supplying by means of the Nord Stream 1 pipeline to only 20 %, and one German official is fully satisfied that it’ll quickly go to zero…

Germany faces the “bitter actuality” that Russia won’t restore gasoline provides to the nation, the German financial system minister stated on Monday, forward of deliberate halt by state power large Gazprom of exports to Europe through the Nord Stream 1 pipeline.

“It gained’t come again … It’s the bitter actuality,” Robert Habeck stated in a panel with European Fee President Ursula von der Leyen.

If that truly occurs, western Europe will undergo tremendously.

The Europeans by no means ought to have allowed themselves to grow to be so depending on Russian gasoline, and now “worst case eventualities” are staring them proper within the face.

France is already getting ready to ration power this winter.

So is Germany, and so are a lot of different giant western European nations.

Nevertheless it gained’t be sufficient simply to get by means of this winter.

Based on the prime minister of Belgium, “the subsequent 5 to 10 winters might be tough” for these residing in western Europe…

The nation’s prime minister, Alexander De Croo, informed reporters on Monday that fellow residents can anticipate that “the subsequent 5 to 10 winters might be tough” as a result of nation’s worsening power disaster exacerbated by the Russian invasion of Ukraine.

“The event of the scenario could be very tough all through Europe,” De Croo informed Belgium broadcaster VRT.

“In a lot of sectors, it’s actually tough to take care of these excessive power costs. We’re monitoring this intently, however we have to be clear: The approaching months might be tough, the approaching winters might be tough,” he added.

Sure, that is actually occurring.

And don’t suppose that you’re going to get a free move simply since you reside right here in the USA.

Vitality payments are skyrocketing right here too, and it’s being reported that one out of each six properties is already behind on their utility payments…

Based on the Nationwide Vitality Help Administrators Affiliation, roughly 20 million households within the U.S. — one out of six properties — are behind on their utility payments.

The results may very well be dire.

“I anticipate a tsunami of shutoffs,” Jean Su, a senior lawyer on the Heart for Organic Variety, tells Bloomberg.

The worst power disaster in trendy historical past is right here, and it will get rather a lot worse.

That is simply one of many causes why I’ve been so adamant about changing into extra unbiased of the system.

Many individuals believed that they’d at all times be capable to rely upon the facility grid to carry infinite low cost power to their properties.

However now power payments are surging to ridiculous heights, and power use might be severely restricted throughout Europe this winter.

And even prime European officers are admitting that issues are going to be powerful for a few years to come back.

The writing is on the wall, and I hope that everybody can see it.

The “tipping level” that so many people have warned about has arrived, and the months forward are going to be exceedingly painful.





Source link

Tags: bitterColdCollapsingEconomyEuropeansextremelyInvestmentWatchWinter
Previous Post

15,933 Bitcoin Addresses Hold at Least 100 BTC

Next Post

This modded Nintendo Switch controller is a big win for accessibility

Related Posts

From Ivory Tower to Investment Toolbox: Why Research Matters

From Ivory Tower to Investment Toolbox: Why Research Matters

by Fred Pinto, CFA, ICD.D
June 20, 2025
0

A few of the strongest instruments in immediately’s funding playbook began as educational arguments. However they didn’t reshape apply till...

10 High Dividend Stocks To Sell Now

10 High Dividend Stocks To Sell Now

by Robert Ciura
June 18, 2025
0

Printed on June 18th, 2025 by Bob Ciura The purpose of rational traders is to maximize whole return. Whole return...

From Theory to Trillions: David Booth | Financial Thought Exchange

From Theory to Trillions: David Booth | Financial Thought Exchange

by Cathy Scott
June 18, 2025
0

It’s simple to neglect that the thought of investing in the whole market — passively and scientifically — was as...

Quantum Computing Penny Stocks

Quantum Computing Penny Stocks

by Russ Amy
June 19, 2025
0

Inventory Ticker YTD Efficiency D-Wave Quantum QBTS +101.6% Rigetti Computing RGTI −26.3% Arqit Quantum ARQQ −34.2% Russell 2000 Index –...

The 10 Highest Yielding Dividend Champions | Yields Up To 7.2%

The 10 Highest Yielding Dividend Champions | Yields Up To 7.2%

by Robert Ciura
June 17, 2025
0

Revealed on June seventeenth, 2025 by Bob Ciura Dividends are a welcome signal for dividend traders. And dividend development is...

Singapore Floats Retail Access to Private Markets: Next Frontier for Asset Managers?

Singapore Floats Retail Access to Private Markets: Next Frontier for Asset Managers?

by Alfonso Ricciardelli, CFA, CAIA
June 17, 2025
0

Retail buyers in Singapore could quickly achieve entry to personal market investments as soon as reserved for establishments and the...

Next Post

This modded Nintendo Switch controller is a big win for accessibility

Gen Z, millennials speak out on reluctance to become parents

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Dogecoin Falls Below alt=

Dogecoin Falls Below $0.16: Here’s How Its Price Action Could Play Out

June 22, 2025
Bitcoin crashes on Iranian Parliament approval of Hormuz Strait closure

Bitcoin crashes on Iranian Parliament approval of Hormuz Strait closure

June 22, 2025
Armenian PM ‘Acts Like Dictator’

Armenian PM ‘Acts Like Dictator’

June 22, 2025
Top Wall Street analysts like these three stocks for long-term growth

Top Wall Street analysts like these three stocks for long-term growth

June 22, 2025
Trump’s Medicaid cuts would have vast ripple effects in this rural Colorado valley : Shots

Trump’s Medicaid cuts would have vast ripple effects in this rural Colorado valley : Shots

June 22, 2025
Why the Rolex rally is on pause in 2025

Why the Rolex rally is on pause in 2025

June 22, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Dogecoin Falls Below $0.16: Here’s How Its Price Action Could Play Out

Bitcoin crashes on Iranian Parliament approval of Hormuz Strait closure

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In