Yep. I think the UK was also sort of isolationist, being it was a tiny island just outside mainland Europe and so we had to rely on ourselves and our communities for things, until the EU started to grow. And that’s what also led to the downfall of British seasides in the 80’s as European holidays became cheaper and more accessible. Not that I’m advocating that Brexit was a good idea, especially how it was implemented and nor am I suggesting we should’ve kept coal mines open but it is quite stark how fcked we were in the 70’s/80’s and we’re now seeing parallels in 2022 going in 2023

Was a time when ships were British, the rest were boats. Manufacturing went east to China. We, the public also have a lot to answer, we want everything cheap, now, and on easy payments

The coal industry was destroyed out of Tory spite. Strategic energy reserves? The public couldn't give a toss.

@@pp2021 yes, we 💩 in our own beds. We unemploy our society and fund dictators war plans

I want to know how Britain managed to totally destroy its heavy manufacturing base in less than two decades. It went from being a world leader in car, train, plane and ship building to absolutely nothing!

THIS FOOL IS JUST A WESTERN PROPAGANDIST WHO WANTS RUSSIA TO DO BAD, BTU RUSSIA IS NO LONGER ON THE WESTERN SYSTEM, IT HAS A GOLD BACKED CURRENCY

@XiKLeR The present Spanish government is the worst, Spain ever had, and for the next generations ahead, if the Spaniards do nothing.

@XiKLeR No, your right, many Spanish governments from the left to the right has had, and have, helped corrupted Latin America governments to continue to be corrupt. Thou their influence is less now, since the CCP government is taking over complete Latin American nations. Which may be worst.

Yes you are wrong and ignorant.

@XiKLeR Spain hasnt had much influence in Latin America over the last 100 yrs (that im aware of) so perhaps other nations have been a source of issues for Latin America, plus their own corruption!

Norway is the only one smart enough to do so, all the governments who caught the Dutch disease just lost manufacturing jobs , govt massively increased public spending and faced inflation when prices for commodities dropped

Excellent point. The bureaucrat administered Norwegian 'Future Fund' has out-performed most private equity funds in the last 30+ years. From the same North Sea reserves, the UK under Thatcher et al subsidised mass unemployment in the post-industrial North, inflated several short term property bubbles and acquired just enough military kit (aircraft carriers, nuclear subs etc.) to maintain the facade of a first tier military power. Even the vaunted NLAW system deployed in Ukraine was derived from Swedish R&D.

Australia was gifted exactly what Norway had, not in oil but iron ore, coal & gas. Norway built a Trillion dollar sovereign wealth fund because Stat oil was a government owned corporation but Australia had BHP Fortescue etc… and all the taxes that John Howard received was given back as tax cuts to get him a 4th term! Australia had 30 years of China that allowed Australia to have the longest economic boom in history 3 times longer than US ever had… look where we are now? Completely squandered

At the same time costs are higher, and the Krona has increased significantly in value. But the effects are much less severe than for nay other oil nation. And I believe Norway also made a conscious effort to keep domestic industry alive.

@@57thorns The Norwegians are great at taxing their people (like all Nordic countries), but the taxes are often well-spent and they are among the most prosperous, free and happy. Point in case: The Norwegians still have much. if not increased, their profits from their natural resources' extraction. When you invest abroad, you exchange currencies for purchase of foreign financial securities; The currency exchange weakens your own (like China has done by buying US treasuries). When these assets have a return, money flows back to you, so an appreciation in that case, after a currency exchange from foreign back to your own, could be expected, depending on the choice of reinvestments abroad (snowballing your profits) or not. It wasn't unwise of them though to refrain from introducing the Euro, which has its own myriad of problems. Also, a strong currency makes imports cheap; When it occurs gradually and local industry can adapt through productivity advances (quantitative) or product innovations (qualitative), it won't pose a problem. When you combine that with profits earned in foreign economies flowing your way and leaders down-to-earth enough not to spend oil revenues like a drunken sailor on personal toys or vanity projects (I won't name names here), you have a (truly) prosperous mix! (We, the Dutch, didn't weaken our currency with purchase of foreign securities to gradually appreciate our currency: natural gas gone, money gone, Groningen earthquakes.)

Funny Dutch people and their economy.

...resulting in an earthquake economy

You never heard of this??? Those boomers try to keep their failing secrets hidden. Boomers have messed with Netherlands and lived on the gas bubble money as lazy beasts just spending it all without doing anything. After we found the gas our economy literally went down... lazy boomers. Never forget. They are not the people who bould up our country. Their parents did. Boomers just enjoyed a life without worries and too much money.

The currency value is also a huge player here. It probably also hurt our import and export business at the time.

Misschien de zwakte om de regering af te zetten om wanbeleid

Turns out Croatia and Spain have the same exact problem. A junior engineer makes less money than most people on the service sector. (I speak from experience sadly)

@@wanderer2688 I once read that Spain has a lot of academics in comparison to, let us say, Germany. Could the case in Spain be that its workforce is overeducated?

@@thomasprogli3372 It definitely plays a role. Here everyone who finishes high school is expected to continue into university, since it's paid by the government for anyone who needs financial help. Basically the entire society has the idea that any other options (trade schools or directly starting to work at 18 yo) is only an option for "dumb" kids who barely could finish high school. So yes, most of the population ends with an university degree, increasing a lot the supply of highly qualified professionals while we have killed most of the demand for them in favour of building more and more beach hotel resorts. Although my personal opinion is that it is always better to have an educated population, so the main problem is that we as a country do not invest into increasing the demand for qualified professionals.

@@wanderer2688 I agree that an educated population is better than an uneducated but I think the definition, of what education is, has become distorted. Going to trade school does not mean you are not getting a good education. I personally think that anybody who wants to go to university should first have learned a trade. I also agree with the problem of focusing on tourism instead of other more profitable industries. I consider the tourism industry to be one of the least profitable and most wasteful business concepts. It has more to do with national pride.

Here in the USA, some of the most intellligent, educated and well mannered gentlemen I have met were managing gas stations. These were guys with multiple Engineering degrees from Iran that managed to escape with their entire families and needed a job. Hardworking! Some of them had wives who were doctors, still struggling to learn English. I can’t imagine taking the DMV test in English having just arrived from another country and passing on the first try. American citizens now btw. - Immigrants, they get the job done! 🇺🇸👍🏽🇺🇸

Their equipment hasn’t performed poorly, many destroyed “russian” vehicles are in fact ukrainian

I read one recent analysis to the Russian hardware and missiles and most of it is made with western and Asian allies of the USA components, like chips. It is so bad the Russian industrial military complex that Russia needs the Iranian drones now.

And there is pipelines for gas from Russia to the rest of Europe. That is not easily replaced with tankers from Saudi Arabia and other places, they need to liquefy the gas... It both means it hard for Russia to sell it somewhere else and for Europe to buy from somewhere else.

@@lubricustheslippery5028 It seems 80% of the Russian gas exports will vanish if the Europeans stop to buy the Russian gas. Most of these fields will be shut down because the lack of storage to keep producing. The sanctions are made to kill the Kremlin regime in the medium and long term, not in the short term. And the sanctions are working.

@@startingbark0356 ah yes.. Russia is obviously winning the war, which is why we are talking about bombs in Moscow and Crimea today, and a parade in Kiev.

That is scary.

Dutch disease?

Sweden does well with high tech things like world class cars, submarines and even Gen 4 fighter jets with just 40% of Australia's population and a small fraction of Australia's resources. Aussies are as smart and hard working as anyone and it's a shame that they aren't making world beating products in the post-protection era. It just doesn't make sense to me.

Australia needs to be have itself then. Something the russians seem to find impossible to do. Like Iraq, Syria and Libya, russia needs to be reduced to a failed state in order to make it safe for it's neighbours and the world generally. The russian population living in poverty is far more preferable to their neighbours living in constant fear.

Holden can become huge, but only if they focus on vehicles that would work in Australia, New Zealand, Asia and Europe. The chances in North America is pretty slim if they can get a foothold at all. They really need to focus on cars that will work for specific markets and be cheap to buy at the same time. But unfortunately that will likely never happen due to greed and not looking at the bigger picture.

Noticed the Ash dieback yet?

North sea! Have petrolatum!

The population of The Netherlands has a very large amount of money saved in private pension funds. The relative value of Dutch pension funds is the highest in the world with more then 200% of its GDP. This will make it much easier to pay pensions to retired people in the future. www.oecd.org/daf/fin/private-pensions/Pension-Funds-in-Figures-2021.pdf

Norway: A GCC-level extraction economy with snow and a small population

Dutch disease was in the 1940s, not today. The country has had seventy years to adapt. He is saying Russia is 1945 Netherlands.

@@niio111 Let's wait for it to become the 1945 Germany.

That's what happened to Gulf Oil back in '79.

They should pay for the investment while it's built in free crude. If they do that, afterwards the profits are all theirs.

Meshugah

yeah, and now Russia is in the same boat.

China and Russia have invested hundred of billions of dollars in Iran last two years alone signing huge deals on different sectors mainly energy, technology, and manufacturing as well as infrastructure. Iran doesn't want western investments. Iran nationalized its energy companies decades of British and USA pillaging of their resources.

😂 Ain't that the truth.

I mean, he said "unless [the situation] changes"

Or all that long, either.

Correct.. The Germans are too Cucking arrogant to think about it.. Instead They'll keep tilting at Windmills.. Watch them freeze this Winter. 🤣🥶🥶🥶🥶🥶

That's nonsense. Yes, if we had turned to new nuclear reactor concepts 50 years ago we'd not be in this particular pickle. But that is spilled milk under the bridge. Right now new nuclear reactors would need about a decade before they could theoretically provide a single Watt of electricity. Other technology would be far more useful. If every house in Germany had a bunch of solar panels and a 2kWh battery that would already more than solve the issue. Why is that number significant? Well, for the past 10 years Germany had been losing a fighting retreat against small private solar installations. As per EU rules such installations should be completely free of boilerplate. In Germany they're kept in a grey area leafing to very low adoption rates.

There was once a calculation according to which 1 nuclear power plant blew up every 10,000 years. So I'm already over 30,000 years old. If these idiots put all the money for the war into fusion technology, we would be carbon neutral a long time ago.

Too bad the previous governments slowed down the energy transition towards renewable technologies.

God bless ukania family and volunteers 💙💛 salmo 37 for protection

Yeah, that's true, but honestly I don't think our western leaders would do all of this, their too busy with their own agenda

Maybe, but they're not enemies.

Saudi Arabia are just as bad when it comes to murdering people as Iran so why not trade with them. Yhe price at the pump would be half of what it is with No Need for Russian Oil.

Ah yes, let's do grater business with terrorist regimes because that worked out so well in the past.

@@MK_ULTRA420 they are competitors for hegemony in the middle east. Just look at Yemen

? Germany has already built two facilities and their are operational. Wilhelmshaven and Brunsbüttel. Three more are being build, the second one in Wilhelmshaven is preview to open end 2023

@@miramuchachito296 Take a note that video is from seven months ago (to I point I write this post). At the time actions of West were seen as reluctant. People didn't account that Germans were buying time and actually major moves were done in the shadow to counter the problem. In fact as of now and after giving Putin chances to pull back, West doubled down on exploiting what they described here.

Or that nord stream was done by the us

No it cant replace it, Shortage are there in 2023 until 2033

@@ruud195 You mean money shortage? Europe has no shortages.

Like relying on Taiwan which the Chinese claim as their own for 'super' semiconductors.

Most of the things in my house read "Made In China" somewhere. I am increasingly unhappy about this. Don't quite know what I'm going to do...

it is not about relying on one country. it is about relying on someone and spitting in their face at the face time.

@@archlich4489 what do you mean you don’t know what’s going on ? Also why you bothered

I agree its time Australia gets its manufacturing back,, ans accepts China is not a friend,, its using us,, and will play the money off on us,, time we walk away regain our independence

Exactly what I was thinking

He’s a national treasure. Following his channel for a while now and can highly recommend it to anyone that hasn’t heard of it yet.

NOT going to HAPPEN.. Russia has Europe & the EU,, By the Balls.. Wait when they start squeezing them this Winter.. Read some other stuff.. the EU & German's are going to freeze🤣😂 this winter. 🥶🥶🥶🥶🥶

I watched most if his videos as what he was saying about banking

@@cyrilio Same here. I’m not sure how I came across him (probably because of another channel that I follow, Operator Starsky, who I also recommend), but I’m glad I did.

Can you name a country that’s not dependent on other countries for anything because I can’t think of any?

@@theobserver3753 it's the scale of outsourcing that's the problem.

So...globalization was not such a good idea after all? Once again...the "experts" get it wrong. In a "perfect world" socialism sounds great....in the real world it sucks. When countries go to war....everyone loses. This is on you Russia!

@@theobserver3753 if you CAN make something yourself you should. Even if only a little so that you have the expertise to rapidly scale up production should something go wrong.

If all manufacturers were in your own country you wouldn't be able to afford as many things as you currently do

a) Russia's foreign exchange is healthy enough to self-insure. b) Lloyds of London are now insuring anything that doesn't travel directly from Russia to UK by boat.

Yep, I invest in an oil tanker company, the same is true with oil tankers. Not only is the route to China and India much longer than going to Europe, but the ships they are contracting are charging much higher prices. Most of the oil tanker company are europe or western based and simply stopped dealing with russia because there are safer trips going from the middle east or USA to Europe.

That isn't the same as a sanction. This is the insurer's saying 'No we won't' rather than a country/countries/political union saying 'No you can't.'

Ships can do without "western" seas. Sea routes are in international waters and solutions are open.

No rational maritime insurer is going to insure tankers sailing into a war zone - which is what the Black Sea is right now. So, unless the importing nations offer national indemnification of the tankers, no Russian oil comes out of the Black Sea. Which leaves the highly problematic ports at Leningrad and Kaliningrad in the Baltic.

Why are you using,, siloviki'' its just russian for force organization. You like the word?

Sounds like my country here in the USA. LOL!

@@ironman8257 in our society “siloviki” represent more of separate social stratum, than the profession itself. It’s a bit more complex than just “force organisation”

@@ironman8257 If an Oligarch wants, an Oligarch takes, force organization, no?

@@carlthor91 ok

I was thinking exactly the same.

What!? Why not!? Ask anyone who voted for Brexit and that dummy with the tussled hair, Britain is going to GROW! and be even more IMPORTANT! hahahahahha

Saves money. Profits before people. The concept is to live with that social design, or self governing imposed chaos. The disease is the excuse to continue war for profit, and easily feed misinformation to grab brainwashed citizens by the cortex. Total insanity amongst said population. 🌻🌾

That's pretty good, who said that?

@@Georgious i think he inspired some greeks 2200 years ago to write that

@@youtubewatcher2 Inspired them a whole bunch, those Greeks

Many would rather be fooled than admit they were fooled . so the foolishness continues.

let me guess... your government says China is evil for making that kind arrangment?

LEt me guess, China restricts what you can sell back to them ( apart from your natural resources of course)?

Understood! But fortunately for you YOU don t have a Trudeau in the circus

Exactly the same situation in South Africa. We depended too much on gold which would naturally be depleted over time. The revenue was used to develop excellent & innovative self sufficient industries over the apartheid sanctions years. Notably, the oil from coal process, the arms industry and state of the art electricity supply with a myriad of support industries. Due to a completely inept and short-sighted, again race based government policy all of this aside oil from coal, motor assembly and rampant coal exports that's all South Africa has left besides being beholden to China for all our imported manufactured goods.

@@moebrunette9304 No, they have worse. Australia already had race laws, but they're about to become a race-based oligarchy with a commission of tribe members who get special powers, being elevated above the Australian people. Meanwhile NSW is basically a mafia state de facto run by gambling empires, where thugs will be sent to burn down your house if you criticise it and the police go 'arson? Naah mate, it's just like those smoking accidents near ammo depots in Russia'.

Just wait. When winter comes we'll probably start pumping. But yes its absurd that we haven't already started. Not only could we do damage to Russia but we could profit so much in the current economy with gas that every house owner in Groningen could be bought out and we'd still have more than half of the profits haha.

The Groningers don’t mind it either, if they get properly compensated for the damages

Otherwise you get it from Texas,where it hurts many more people on its way out

@Mark have you ever been in groningen, its not some small houses. Its whole towns

They stopped because they would have run out of gas in 20 yrs

So I'm not the only one that didn't know the expression.

He made it up. Anti-Russia propaganda.

In the US, "Dutch disease" is taught in pretty much any economics curriculum. Not sure how widespread the term is used elsewhere. The impetus for the term was the NL gas/energy industry boom causing the decline to domestic manufacturing, such as in this video's example on Russia. Probably some western economists coined it and thus entered book publishing. Sorry your country is stuck with the label.

Dutch elm disease on the other hand .....

I hadn't heard of it either but it explains in part the decline of UK manufacturing alongside the discovery of North Sea oil and gas.

It's not just gas and energy that will go up. With energy going up, everything will go up. That's just how it works. What happens when everyday products go up? Your economy becomes less competitive. And that's called a snowball effect. And maybe Germany can deal with that, but EU is more than just Germany.

@@Slavic_Goblin Fairly certain Germany is one of the less prepared countries to deal with it alongside poorer balkan nations. France, for example, have been using nuclear reactors for decades and have many LNG terminals.

@@Slavic_Goblin Gas is not that relevant for electricity for households and common industrial consumersin many countries. And it can be substituted pretty good. Stopping shut down plans for existing power plants alone can cover most of it. It`s important for heating private households and extremely energy consuming industries (which often use own power plants with gas). steel, chemics etc etc. It only looks like gas is very important for electricity in europe as a whole because some countries with own gas resources (e.g italy gas makes up 40% of electricity "production"). Countries without gas resources dont use it that much. Beside of that (even if the result is the same for the people), we have to separate what is russia related and what is post corona related (skyrocketing demands, but not enough workforce is the main driver behind the global inflation). e: the thing is: take a second and think about why putin starts the gas black mailing in the summer instead of winter. surprising gas stops in winter and he could dictate europe whatever he wants. the only reason why doesnt wait for winter: he cant!

@@Slavic_Goblin Only Germany has such problem with Russian gas. Italy, Spain, France and UK can do fine as long as we put a stop to price increase. Problem is speculation there, not lack of gas.

@@eaman11 Why do you think prices are going up?

Yep, latvia's been selling latvian blend to shell and bp, every body knows it's russian oil, but every body just pretends...

There are already watched several meetings between tankers in the front of Greece. They are pumping the oil to other tankers and then it's clean....

There are already watched several meetings between tankers in the front of Greece. They are pumping the oil to other tankers and then it's clean....

but WAIT Russia's Oil & Gas exports are hitting records! Buyers, Chindia/China/and NON-Member NATO countries..

@@crossthread42 Fairly its because Europe still hasnt phased out Russian gas, not because other countries are buying it

Our problem in the USA (as in Europe) are the Greenie Wienies who have THROTTLED our Oil, Gas, and Coal (and destroyed our Nuclear in the USA).

Europe currently imports more LNG than the gas received from Russia!

Spot on, also if Russia stops their pumps in the perma frost they’ll probably never come back on, also germanys petro chemical industry is based upon Russian oil, there’s no where else they can source that amount and it provides the foundation for most of their oil based commodities- without it there is no German industry.

@@trevorsomers8344 It's all about competitivity. Does LNG cost 5 to 10 times more than russian gas ? Duh, how is that sustainable and it seems that most other major Gas producers like Qatar and Algeria want long term contracts and not willing to accomodate short term contracts at discount prices. And locking in long term contracts at high gas prices would be a boon for those Gas producers at the expense of Germany or Europe ...

@@bobmorane4926 ok I'll o

The UK uses far less Russian energy than the likes of Germany though and Germany have been lukewarm at best regarding the support of Ukraine.

@@tbr7035 Very true. I fear that Scholz is a coward!

@@-Deena. Meanwhile German aid to Ukraine has outstripped British aid by about a factor of 3.... The difference is the Germans just do it, and the British talk about it loudly while doing it. A lot of Russian tank crews have discovered that bushes in Ukraine suddenly begin speaking German....before spewing AT projectiles. Courtesy of the DM-22 mines that Germany supplied to Ukraine.

@@nvelsen1975 Who even mentioned Germany? Odd.

Unwise? What you european are realizong now is the price of relying on Americans for your security, and allowing a stupid alliance provoque the current war situation.

Umm, yeah….I don’t think the price decrease had ANYTHING to do with Biden dude. It has more to do with action taken by the Fed Reserve, which will likely push you into full blown recession with a very rough landing. You will doubtless be ecstatic for the 5 mins that your 10% fuel decrease lasts, despite the DOUBLING since Biden took office. I applaud you for your “glass half full” attitude about fuel prices, but deride you for your delusion over your failed government.

There are gonna be a lot of LNG ships leaving the US between now and then. And Biden could do a lot more about oil prices with Venezuela (and even Libya,) not just Iran if he wasn't such a dullard. It's almost like he expects to run for POTUS in 2024, but without actually DOING anything. He's covering the same old ground that Obama did, just begging the Saudis to increase production instead of making better diplomatic connections elsewhere. The Saudis need to be kept in check too.

When I clicked underneath it I said 2 replies, I don't see them. are they there ❓️ I Wanted to read them.

. *#Joe_Biden* help Create the high gas prices on day One, by shutting down the "Keystone Pipeline" , stopping the drilling on Federal land and putting an end to *#Fracking* . Under Donald Trump America was the number one exporter of crude oil and natural gas. With the Donald Trump fuel Initiatives still in place, we could be supplying EU with a lot of natural gas and oil and the EU Nations would not be scrambling for these Commodities for Winter use.

@@icosthop9998 - “Under Donald Trump America was the number one exporter of crude oil and natural gas.” The strong growth of US export of petroleum products started at the end of the presidency of G. W. Bush, and continued to grow strongly during the Obama era. The growth ended in the middle of Trump’s presidency. So no, you can’t sensibly give the credit for it to Trump. In addition, the import and export of petroleum products in and out of the USA are currently about equally large. The domestic production and consumption are also equally large. To increase export the USA should increase either import or domestic production. Apparently the current initiatives aren’t enough for US production to increase. - “With the Donald Trump fuel Initiatives still in place, we could be supplying EU with a lot of natural gas and oil” The US production grew during the whole Obama administration, but stopped during the Trump administration. Something else than current initiatives (Trump’s initiatives consisted mostly of weakening environmental standards) is obviously needed. President Biden already released 5 billion barrels of oil from the emergency reserves, which helped to bring down the global price of oil and increased availability. Biden also already promised a couple of months ago to increase export of LNG (liquefied natural gas) considerably. The export will grow as soon as the receiving countries have the infrastructure ready to receive the increased amount. [Source: U.S. Energy Information Administration: Oil and petroleum products explained - Oil imports and exports]

This is Amerikanen Chanel..... lot of bulshit

You tell em

Well, you may be right, but the term "Dutch disease" for this phenomenon is widely accepted in economics worldwide.

No need to take it personally. :)

Somebody always gotta be offended..

Lol, meanwhile Germany’s industry is dying because they let the US blow up their natural gas pipeline with terrorism. Russia is beyond sanctions at this point, they have plenty of resources. Now they can partner with China and other BRICKS nations while America and Europe commit suicide. Russia won the war. Ukraine isn’t gonna be a country by next Christmas. Good riddance.

Dude, 50 years you couldn't do anything to Iran or North Korea despite being the most sanctioned countries in the world. Iran doesn't have food and North korea doesn't have much energy. But both these countries survived and are surviving well. Russia is a food surplus, energy surplus, weapons surplus country with socialist universal education and well educated population, a well developed medical system, nuclear technology from energy to fuel and military use, and one of the biggest and the most experienced militaries in the world. West may be able to break it's economy to a large extent, but it'll never be able to bring it down to its knees. This is the country which brought down the Nazi Germany while 70% of it destroyed by the Nazis, with a little help from the Americans while the British were scared and holed up and getting bombed everyday. This is a nation with immense pride and its a country used to extreme difficulties for over centuries. On the other hand, the Europeans and the Americans had only been used to luxury and comfort for the last 3 generations. Already many of my relatives living in the western countries with very high paying jobs are feeling the pinch of inflation. Some of them in the UK told me at least 6 months ago that their lives have become so difficult and the government is constantly increasing the prices of everything . On many items, prices have gone up to 300% while fuel is anywhere between 70-80% high In fact, many of the UK companies are in turn buying these refined oil from India and selling it to various countries and making huge amounts of money as middlemen while UK mercenaries are going and getting captured or killed shamefully for a few bucks. You can't even get your acts together and you expect to win this war? Already a huge amount of public disapproval and protests are seen all around Europe against this war. This is the beginning of the end of western supremacy, Biden administration has done everything possible in these short times to end the western supremacy, from handing over Hong kong to China, Afghanistan to Taliban, re ignited Israel-Palestine conflict after 7 years of peace, and started this war. Open your eyes and see what's happening. The woke liberals are destroying everything you built for the last many centuries

@@chi-8289 You don't seriously think USA or UK wants to win do you? How it works, USA says they will give 10 tanks to Ukraine, the Tanks are given from US Army stock, and the USA cuts check to have the USA army get 10 brand spanking new tanks. All the money is staying in the USA and UK. They have basically been given free unlimited resources to upgrade every section of the British and US army. They tell people "Oh its vitally important we support them", but really, they do not care, they just dont care. If they cared, they would go to war for them. This is the USA who bombed Syria over a youtube video of a crying child. But 300,000 dead in ukraine? not one missile shot by them? If the EU cared then Russia would not win, they barely survived the Germans who were fighting on several fronts, they wouldnt Survive, the EU/UK/USA/Can/AUS. They would have to nuke, they simply could not survive any other way. Ukraine will collapse, and no one really cares, thats the truth. Russia will bleed a lot more than it had to for it, and that will be it.

Ahh resource extraction, that'll be the one turning RuSSia slowly but surely into a toxic wasteland.

Wow op has evil plans...

Yes. One could argue its a "Wall Street" disease. The unique thing about the US is how diversified its economy is, though. However, not everything is what it seems. The "rust belt" (old manufacturing sectors) are upset at job losses and our previous president tapped into the sentiment to win the 2016 election.

@@jpablo700 please seek a therapist

@@benchoflemons398 manufacturing used to be 27% of US economy. So there is a decline.

Good comment, but I wonder if the tech sector saved the US from faster decline. Since the 80's the US entertainment industry has grown and heavy industry has fled. Well paying manufacturing jobs have shrunk and part-time minimum wage jobs with no benefits have increased. Would these trends have beendifferent without the internet snd smsrt phones?

@@j3i2i2yl7 there is always multiple factors at work. In the Netherlands it was not just gas, manufacturing jobs would have moved to low salary countries anyhow, the presence of gas just accelerated it.

Do they even have the skill and technology to keep pre-war energy flowing?

Green energy policy is gonna wreck Europe.

Russia already has its new markets. I think the prevailing sentiment is that Europeans are doomed to freeze while they pirouette or whatever.

@@florkyman5422 Do they have stuff they can burn is the question.

@@numbersix8919 Yes, but they're not allowed to. People are expected to sacrifice their lives "for the planet."

Thank you!

"Dutch Uncle". Generally referring to an older, wiser gentleman dispensing prudent advice. That's the only other additional "Dutch" term I know.

Dude, 50 years you couldn't do anything to Iran or North Korea despite being the most sanctioned countries in the world. Iran doesn't have food and North korea doesn't have much energy. But both these countries survived and are surviving well. Russia is a food surplus, energy surplus, weapons surplus country with socialist universal education and well educated population, a well developed medical system, nuclear technology from energy to fuel and military use, and one of the biggest and the most experienced militaries in the world. West may be able to break it's economy to a large extent, but it'll never be able to bring it down to its knees. This is the country which brought down the Nazi Germany while 70% of it destroyed by the Nazis, with a little help from the Americans while the British were scared and holed up and getting bombed everyday. This is a nation with immense pride and its a country used to extreme difficulties for over centuries. On the other hand, the Europeans and the Americans had only been used to luxury and comfort for the last 3 generations. Already many of my relatives living in the western countries with very high paying jobs are feeling the pinch of inflation. Some of them in the UK told me at least 6 months ago that their lives have become so difficult and the government is constantly increasing the prices of everything . On many items, prices have gone up to 300% while fuel is anywhere between 70-80% high In fact, many of the UK companies are in turn buying these refined oil from India and selling it to various countries and making huge amounts of money as middlemen while UK mercenaries are going and getting captured or killed shamefully for a few bucks. You can't even get your acts together and you expect to win this war? Already a huge amount of public disapproval and protests are seen all around Europe against this war. This is the beginning of the end of western supremacy, Biden administration has done everything possible in these short times to end the western supremacy, from handing over Hong kong to China, Afghanistan to Taliban, re ignited Israel-Palestine conflict after 7 years of peace, and started this war. Open your eyes and see what's happening. The woke liberals are destroying everything you built for the last many centuries

@@chi-8289 I think maybe my sarcasm was a little too dry. Read some of my other posts and you’ll get a clearer picture of what I think rn as an American.

He did absolutely zero research on this and that only shows your complete lack of world affairs. Read a book first.

HOW DO YOU EVEN DARE TO SANCTION INDIAN TRADE???!!! YOU SMALL LITTLE MINDS,''EUROPE BUYS(TILL FEBRUARY,24 2022) MORE OIL IN AN AFTERNOON THAN INDIA USED TO IN A WHOLE YEAR. AND NOW YOU LIFT SANCTIONS ON RUSSIA,SO YOUR OIL AND GAS CAN FLOW CAN BE RESUMED.I PRAY THE RUSSIANS DONT,AND YOU FREEZE ,EVEN THINKIG ABOUT HOW TO SANCTION INDIAN,YOU POOR LAP DOGS OF USA. THE AMERICANS ARE SITTING PRETTYLAUGHING AT YOU SHIVERING,DYING OF HEAT AND THEN FLOODS. VERY VERY TRAGIC,BUT THIS IS WHAT BEFALLS A ''TRYANNICAL MENTALITY''THAT YOU,EUROPE PRACTICE,AT THE DROP OF HAT. SANCTIONS ON INDIA ,MY FOOT.!! YOU ARE DREAMERS ,LIVING IN COLONIAL TIMES. FOOLISH THINKING,WORSE,YOUVE LEARNT ZERO...NOTHING EXCEPT TO EXPLOIT PEOPLE OF COLOUR . WE'LL PAINT YOUR ASSES BLUE AND BLACK ,TRY US.

And I thaught "Dutch disease" only affected Elm trees... 🤔

happened in the usa. distracted by an idiot iraq war, the usa oligarchs closed factories gleefully, and sent them to maochina. each was copied repeatedly.

@@thomasdoubting lol...good one...

Thats just not possible to do on a large scale, there is not enough labour. The only short term option is to use less gas. Long term Europe will go renewable anyway.

Who the fuck has the money to do so?

Because it's cheaper to wait for an old building to get knocked down and put the insulation on a new building.

Europe does have a general mild climate. All homes from 1995 and up are very well insulated. Most older homes have too. Southern Europe really doesn’t need that much insulation stuff. Northern Europe already has insulated homes and own their own ways of producing energy. So it comes down to Germany and Eastern Europe that are heavily reliant on Russia’s energy industry. Those country’s need ways to get their shit together.

@@VeniVidiAjax I don't know how much natural gas European homes use for cooking and heating but when people say Russia will turn off the gas and leave them in the cold that suggests a lot of people rely enough on it for heat and cooking that it will be a concern. That's what I was thinking of. It makes no sense to me hearing people say Russia will cut off the gas and Europe will freeze this winter but no one saying, do something to save yourself, stop depending on Russian gas. It could be Germany and Eastern Europe who rely the most for heat and cooking, I am not aware of this. It makes sense as they are closer to Russia, so they would get access to pipelines first, physically/geographically.

Not as easy but well worth it. I mean an investment for Decades that has the ability to power multiple towns or cities and with a pretty safe record. Sucks that most “green” people will scream about Solar or Wind like it’s the be all end all solution

While I love nuclear power, it sadly can't be built in time to affect this war.

@@GCarty80 Which is the same excuse they were giving 20 years ago, that had we ignored, we'd have enough nuclear power plants right now! Nation states can not be effectively run by people who can only think on timelines of weeks or months. We can't go back in time and fix the mistakes of the past. But we absolutely can prevent the mistakes of the future. All our efforts right now should be focused on designing and building next generation nuclear reactors.

@@scottwillie6389 u sure?

Germany has been actively trying to get rid of nucler power for decades, the green initiative, and just when they are about to achieve no nuclear power and only power through coal and gas... their gas supply gets cut off...

Ya very intelligent! And completely wrong. Dude, 50 years you couldn't do anything to Iran or North Korea despite being the most sanctioned countries in the world. Iran doesn't have food and North korea doesn't have much energy. But both these countries survived and are surviving well. Russia is a food surplus, energy surplus, weapons surplus country with socialist universal education and well educated population, a well developed medical system, nuclear technology from energy to fuel and military use, and one of the biggest and the most experienced militaries in the world. West may be able to break it's economy to a large extent, but it'll never be able to bring it down to its knees. This is the country which brought down the Nazi Germany while 70% of it destroyed by the Nazis, with a little help from the Americans while the British were scared and holed up and getting bombed everyday. This is a nation with immense pride and its a country used to extreme difficulties for over centuries. On the other hand, the Europeans and the Americans had only been used to luxury and comfort for the last 3 generations. Already many of my relatives living in the western countries with very high paying jobs are feeling the pinch of inflation. Some of them in the UK told me at least 6 months ago that their lives have become so difficult and the government is constantly increasing the prices of everything . On many items, prices have gone up to 300% while fuel is anywhere between 70-80% high In fact, many of the UK companies are in turn buying these refined oil from India and selling it to various countries and making huge amounts of money as middlemen while UK mercenaries are going and getting captured or killed shamefully for a few bucks. You can't even get your acts together and you expect to win this war? Already a huge amount of public disapproval and protests are seen all around Europe against this war. This is the beginning of the end of western supremacy, Biden administration has done everything possible in these short times to end the western supremacy, from handing over Hong kong to China, Afghanistan to Taliban, re ignited Israel-Palestine conflict after 7 years of peace, and started this war. Open your eyes and see what's happening. The woke liberals are destroying everything you built for the last many centuries

@@chi-8289 well there is one thing but its a little drastic and i dont support it, invasion. invasion allows you to force these things directly onto their country (assuming you win)

What happened to (I think) Algerian gas? Weren't they supplying Italy? And, Holland shipping gas to Marocco (?), only to buy it back as LNG/LPG? (maybe I'm mixing up countries, I think this was a thing in the 70/80's).

@@ibubezi7685 Italy and Algeria have signed a new treaty. Algeria is already increasing production, the already existing gas pipeline will operate at full capacity. It is known that a quota of all that gas will go to other EU countries in need. Algeria has been a reliable trade partner for Italy for decades; however can't alone provide all that gas Russia supplied, therefore Italy has also bought 2 large FSRU ships to be used for LNG mainly from USA and Qatar. All those measures should be enough to completely replace russian gas (of which Italy was the 2nd largest importer in EU) since next year, while stocks are enough to pass this next winter. Hopefully Italy won't need to resort to other fossil fuels in the transition towards renewable energy sources. Should the need arise, Italy could restart to operate its gas fields in the Adriatic (seems foolish, but it was decided to leave that gas to not damage the environment; however the same fields are being exploited from the other side of the Adriatic). Also, a very recent news: the italian prospection company ENI has just announced the discovery of a very rich field in the depths around Cyprus; that gas won't help Italy directly but in a few years Cyprus and Greece may become large gas exporters.

@@ibubezi7685 Nowadays it's a full-time job to keep up with developments in the natural gas/LNG industry, so I'm not prepared to answer your questions. For example, it was announced a few years ago that Qatar was going to double its already huge LNG production capacity, probably to supply Asian countries, but I have not kept up on that. And there have been sensational predictions of the new gas fields discovered off the coasts of Israel and Egypt producing gas the be carried to southern Europe by sub-sea pipelines.

@@alessandrovilla6759 So Greece might finally start to pay off its EU-loans? 😉 I think Turkey claims (parts of) those fields as well - they both need the money, so let's hope both NATO-members don't start to fight each other...

@@wimdevriend8966 I understand - I was surprised to learn the US became the largest gas-exporter almost overnight - who would have ever thought, with their massive need for oil? (and yes, it's thanks to fracking - which is a completely different topic... In the Netherlands (I guess you're Dutch, so you obviously know) they halted gas-exploration because of earth-quakes - resulting in even bigger reliance on imports (incl. Russian, which is now scaled back/terminated). Maybe all that Mediterranean pumping will result in quakes as well (in an already prone area), so they will have to stop too? So, there are fewer emissions, yet their soils start to shake - the lesser of two evils?

it's more about having it available in the domestic markets of the West than about total output. We'd pay them more than whatever black market rates they're getting for their current output. Who is even buying their shit, DPRK maybe? Russia of course? When the Imperial Core representing half the Earth's GDP opens its collective wallet, everybody listens. If I'm wrong, then explain how Ukraine has lasted so long against Russia in the first place...

But they are fully aligned with Russia and China so there will be no interest in ending western sanctions because they are not trading in dollars. They have a whole different second pole of a multipolar world that has formed. India and China are better customers and treat Iran well. They would gain nothing from being tied to the US.

@@stanspb763 how do you know what currency they are trading in? China is still buying US dollars, and so is Iran. Russian rubles aren't worth much. And China reigns over them in terms of GDP, but still hasn't reached GDP parity with the US. That makes their little world still less wealthy overall compared to the US and EU combined. They're just not the big deal you seem to think they are. And Iran has quite a bit to gain by trading with the countries that comprise fully half the world's GDP compared to a bloc that represents at best 17% of it collectively.

@@stanspb763 that’s because of sanctions. If sanctions are lifted, import and export of Iran will increase massively. China doesn’t want troubles not a fight with the west as both are quite important to each other. More important than Russia is. It’s only the oils and gas that makes china support Russia.

@@MrTaxiRob China and Russia have had opened BRICS like 5 yrs ago. It allows them to trade without using USD

Good point. The problem with sanctions is that we have globalised the ecconomy to such an extent that anything we do to hurt a major economy will have a global effect. The question is - "are we prepared to pay the price of sanctions ourselves?"

Piece of western propaganda . What ever he says about dutch disease was relevant till 2014 I stop watching this nonsense after he said Russian energy sector survived . Russians make record profits in revenue from gas and oil by 40 percent higher this year then a year ago in spite cutting supplies by up to 50 percent

International sanctions have NO consequences for Russia, because the only things that Russia imports are bananas, avocados, German luxury cars (over-engineered and more expensive to maintain and repair than they are worth) and Italian leather goods (women's shoes and handbags). Not a single one of these items is necessary to the health of the Russian people nor their economy nor their military. Try again. They have EVERY natural resource necessary for a modern economy and a modern military. And 2/3 of the country hasn't even been explored, let alone surveyed by minerologists.

Not really .

@@akulkis you(tuber) vs experts LMFAO 🤡 ego.

@@akulkis That's what the Russian propaganda says. In the meanwhile, they're struggling with production because they did import more stuff than the items you mention. Worth mentioning: semiconductors! Which are indeed necessary for their economy and military. Another example, Russian airline industry is looking which aircrafts they can take apart for parts to keep other aircrafts flying. Last time I checked, avocados weren't on the part list for aircrafts. You can have zero natural resources and still have a modern economy, while just having natural resources is not sufficient for a modern economy at all. Making everything yourself is so incredibly inefficient compared to trading that you simply can't have that fortress economy and expect to have a modern economy at the same time. To expand the example of semiconductors: Plenty of silicon all around the world, but it does take the latest EUV machines from ASML (Netherlands) to produce modern chips. Yes, the chip industry of the entire world depends on machines from just this one manufacturer. These machines use state of the art mirrors from Zeiss (Germany). Russia can't produce any of that. Good luck with your fortress economy, North Korea II.

the EU isn't 'taking' anything from the UK, the companies are deciding for themselves where is most profitable for them to have their headquarters