All is not well on the old continent.
Tomorrow, July 14, 2022 is the 233 anniversary of the French revolution. We may have another one in the not so distant future, or worse!
The clouds are gathering fast:
Nonsense energy policies which outcome will necessarily be a catastrophe with or without Russian gas. Just sooner without!
A debt bubble on the verge of imploding.
20 million+ Africans waiting on the other side of the Mediterranean sea. Starvation in the Autumn will probably motivate quite a few to take their chance.
Inflation well over 10% in some countries but with interest rates stuck at 1 or 2% due to the cost of an astronomical public debt.
Green policies which are not necessarily absurd by themselves but which will exacerbate the pain on a system already buckling under the stress of a recession.
And then of course the ghost on the horizon with war in Ukraine lingering without much negotiations going on.
It is as if the four horsemen were getting ready to ride once again. Something we would all have thought unimaginable just two short years ago. And here we are, in this Summer of 2022, staring at the abyss. Why on earth can't we learn from history?
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