Western Europe is facing “total collapse” from catastrophic scarcity and price hikes surrounding food, fertilizer, energy and industry, warns David Dubyne, featured in today’s Situation Update podcast (below). Silver guru David Morgan, also featured in today’s podcast, adds that European banks are facing the possibility of systemic failures (and “bail-ins”) due to exposure to energy markets and the desire of Western European governments to keep printing money to try to address the devastating energy scarcity that is now irreversible.
American banks also have exposure to Europe’s economies, which means a failure of Western European banks, governments and currencies will spread like contagion to the United States and the dollar. With no solutions in sight — and no willingness among Europe’s politicians to even consider reversing their suicidal policies that led to this crisis — it seems that Western Europe is doomed to a simultaneous collapse of food, energy, industry, agriculture and currency.
Putin, it seems, won’t need to go to war with NATO after all. NATO countries are destroying themselves with astonishing speed.
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