My dear impertinents, dear impertinents,
We are managed by broken arms.
We are ruled by the worst kind of fools who only see problems when they get their head inside.
It’s quite hopeless.
In France, our government mamamouchis think that everything is fine since the Enarques have laid a gas plant (without Russian gas) allowing certain companies to obtain aid in the event of an excessive energy bill. The small problem is that this aid is not commensurate with… the rise in energy prices.
I am relaying here this little video on an SME from our region that is running into the wall because of energy bills. The particular case of this company does not matter. This is a problem which is general and which also affects all private schools, for example whose heating bill is not paid by the State but by the parents through school fees. This will affect all swimming pools, sports halls and gymnasiums. Shops, restaurants and all food industries.
Invoices are in France for the moment multiplied by 2 or 3.
The Dechaumont foundries, 150 people.
Its electricity costs have fallen from 750,000 to 1.5 million € and 6 million € for 2023!
✅ These industries will go bankrupt and be liquidated.
Relay, prevent Macron’s madness from sweeping everything away in 🇫🇷 pic.twitter.com/WAXHQLFZ16
— Philippe Murer 🇫🇷 (@PhilippeMurer) August 31, 2022
In Germany, the increases are so significant that the entire German industry is in the process of being extinguished, which rightly alarms the German Minister of the Economy, who is sounding the alarm, but in a vacuum and the handle seems to have remained in his hand.
We are going straight into the wall.
We are running towards an economic and industrial disaster never seen before.
German finance minister Robert Habeck raises the alarm as local companies have “stopped production altogether” due to sky-high gas and electricity prices.
“Companies are experiencing sheer angst,” he said. https://t.co/TUuKyhJiUX
— Javier Blas (@JavierBlas) August 31, 2022
“German Economy Minister Robert Habeck is sounding the alarm as local businesses have “completely halted production” due to exorbitant gas and electricity prices. “Companies are in real angst,” he said.
There is availability and price!
In any economic thing you have two parameters. Availability and price.
Just because we still have gas and electricity doesn’t mean we don’t have a major problem with prices!
When we focus on availability and the risks of shortages (very real) we often forget the price dimension of the problem.
Energy prices are so high that soon half of European companies will no longer be able to operate because these increases in production costs cannot be passed on to end customers, or else inflation will quickly reach double digits and exceed 20% very quickly, as is already the case in the Baltic countries which are part, I would remind you, of the euro zone.
The German economy is shutting down. German factories are shut down and that’s not good news.
From Paris to Berlin, it’s time for pimpin’ managers. Even my chickens would do better!
It is already too late, but all is not lost.
Prepare yourselves !
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