Remember back at the start of the covid plandemic when the media generated mass hysteria about toilet paper hoarding? It looks like that was a foreboding of things to come as German toilet paper manufacturer Hakle, along with a growing number of other producers in Deutschland, is closing up shop due to skyrocketing energy costs.
Citing a “tenfold increase in gas and electricity prices,” the German manufacturer says it simply does not make sense to continue producing toilet paper at these prices because it would not sell for a profit compared to cheaper toilet paper produced somewhere else where energy costs are more normal.
Shoe retailer Görtz is in the same boat, announcing closure due to low sales. Then we have automobile supplier Dr. Schneider, steel producer ArcelorMittal, and many others. (Related: Check out our earlier coverage to learn more about the dire situation in Germany with energy inflation.)
“With a tenfold increase in gas and electricity prices, which we had to accept within a few months, we are no longer competitive in a market that is 25% supplied by imports,” says Reiner Blaschek, CEO of ArcelorMittal, which is closing down plants both in Bremen and Hamburg.
One area baker saw his monthly gas bills go from 3,000 euros to 11,000 euros, a nearly 400 percent increase.Energy prices in Germany soar 1,000% as companies go bankrupt – Dr. Eddy Bettermann MD
Germany seems to be committing suicide economically, and via energy policies that promote higher and higher prices.
Who gains from all of this?
Monopolistic US fossil fuel companies are making huge PROFITS, as are US weapons manufacturers and war mongers. As German corporations get weaker, US corporations get STRONGER and take over more market share.