The bigger Davos plan of destroying the old global order to Build it Back Better, where they own everything and you will own nothing and like it or else, is the script...
Authored by Tom Luongo: This
week the European Union is expected to announce a complete import ban
on Russian oil. Hungary, in its first real act of defiance, is
threatening to veto this; Germany, after some hemming and hawing, has
finally decided it can survive such a ban.
Assuming
Hungary’s objections are eventually overcome, at first blush this looks
like yet another energy “own goal” by the people obsessed with soccer.
The U.S. has already issued this ban.
Because
European industry is heavily dependent on Russian oil and gas, the
conventional wisdom is that the EU Commission is just petulant and
incompetent.
Are they petulant? Yes. Incompetent? Possibly? But
only if you think in conventional terms of doing the right thing for
their people. What is clear to any serious observer of EU politics is that they are not interested in what their people have to say or want.
Theirs is an agenda which will brook no opposition, even if it means destroying its own economy to bring a rival to its knees.