In order to avoid another “Lehman-style” collapse of the entire energy industry, Germany is expected to bail out and nationalize other utilizes across the country.
We are told that Germany might make it through part of the winter, anyway, as it claims to have secured approximately 90 percent of its needed natural gas supply for the season. But this is not enough.
“These supplies only cover two months, and without increased imports of liquefied natural gas from afar, it could only suggest a dark winter for Europe,” says Zero HedgeGermany to nationalize struggling energy firm Uniper amid worsening financial crisis – Dr. Eddy Bettermann MD
Sounds like a ‘winning’ formula.
Sanction just about all of the largest oil producing nations such as Venezuela, Iran, and Russia, just because, and then print fiat money to deal with ALL of the negative consequences. That should ‘fix’ it all, right?