Armstrong Economics Blog/Energy Re-Posted Apr 6, 2022 by Martin Armstrong
Danish Politician Margrethe Vestager is utterly uninformed about the true factors surrounding rising inflation among the 19 counties in the European Union (EU). According to EU politicians, the only problem is Russia, and the only solution is for the people of the EU to continue sacrificing their quality of life.
“Everyone is asking what I can do. You can do two things: control your own and your teenagers’ showers. And when you turn off that water, you say — “Take that Putin!” Vestager stated, declaring that limited hot showers, a simple pleasure in life, could be an act of unity with Ukraine. Putin will not ask his troops to retreat because you let your hygiene decline. This is another measure to punish the people for the ignorance of politicians.
Germany’s economic minister Robert Habeck went as far as denying the supply chain crisis. “There are currently no supply shortages,” Habeck remarked. “Nevertheless, we must increase precautionary measures in order to be prepared in the event of an escalation on the part of Russia.” Instead of making any attempt to become less reliant on Russian energy, the politicians are simply asking the people to consume less energy. Consuming less is not a solution. It is an insult to the people living within the European Union who had no say in voting for the decision-makers in charge who are sending the entire bloc into a downward spiral.