Europe’s Coming Winter From Hell: Thanks for Your Sanctions War, Washington!

Source: Caitlin Johnstone

Europe’s impending depression is not to be discounted in terms of its relevance to this side of the Atlantic pond. Since the turn of the century, US exports to the European Union have soared from $12.3 billion per month to $30.4 billion. That latter amounts to $365 billion on an annual basis.

Needless to say, when European GDP descends into a double-digit slide, demand for US exports will plunge, causing declines in production and employment on this side of the Atlantic.

Europe’s Coming Winter From Hell: Thanks for Your Sanctions War, Washington!

Nord Stream 2 is a double-edged geopolitical tool

When Pavel Zavalny, the chairman of Russian parliamentary committee on energy, made the forecast last Friday that Nord Stream 2 pipeline could start shipping natural gas to Germany as early as next month, it was received with disbelief. But Zavalny was categorical, and was quoted by Reuters as saying, “I can say with a high degree of certainty that the first gas via Nord Stream 2 will go in January.”

Nord Stream 2 is a double-edged geopolitical tool