Energy here (Manchester) has made traveliving much less enjoyable. Rent is £775 and the lights are £400. We already had Sept 30 our exit date and received notification a couple weeks ago energy will increase 70% October 1. £400 will be £680. Energy and rent are about equal, peace tf out UK!
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It is crazy - my sister-in-law's electricity at their cottage has gone from 13c a Kw to 1€. Gotta wonder though - how it is all possible - was Europe really that reliant on Russia for energy? And if so, why?
It was never about being that reliant on Russia, the goal was to transition so they could have many global competitors to choose from. That's why I said this goes back on to the European Commission basically because they are in charge of commerce across Europe and one of the most expensive items was the cost of energy. This really has nothing to do with green energy either really....but like I said I'll let you catch up first.
I have a pretty good idea of how the EC and the ECB works here, as well as the energy costs across Europe. A lot of people stateside seem to lump it all in together too, where they think that "Europe" is a single country - it is not - there is still a lot of differentiation between individual members.
Yeah I've argued that point to some out on the blogs. They seem to think that all the countries of Europe are signatories to a European Union Constitution and they are not. They've tried but thus far have failed to get all countries to agree to a set of terms.
What they are looking at here is what Trump termed "expansionist foreign power", within Germany with the European Commission acting as the catalyst.
I haven't done my part 4 of my Last Barrel Standing series but you could catch up to a few things if you took the time to stroll over and take a look at parts 1 through 3. Part four will be about the global partnerships and how they work.
In essence how it works is that they've gone to using development bank monies to guarantee investors (or back investors) into investing in green technologies. Germany over the last decade, with the assistance of the European Commission who were the catalyst behind it, has backed investments in green technologies, this has allowed investors to develop companies who sell these technologies and services for these technologies. So when a country is in need of money Germany sends a representative there and in exchange for the monies through the development banks they have to agree to some form of transitioning to green energy. All the services and goods are sold and paid from a portion of the development bank monies granted to other countries into the companies who agreed to the backed guarantees from the development banks and started green energy technology companies. When you mention the completion of the infrastructure by 2025 in your area well a lot of it has already been completed in other areas of Europe over the last decade and now it's pay back time. You guys are not only paying for the energy but you are paying back these investors who have spent billions setting it up. These are guaranteed no loss proposals to the investors, who, by the way, are kept confidential. If these investors fail the development banks have to folk over the monies. If they had to folk over monies on the losses they couldn't keep building the green energy transition, it'd sink. These are monies you guys have already paid through government funding to assistant countries in trouble. It should be highly illegal to do that to people not to mention the fact this is basically bribery and coercion upon countries in need. This is an incredible scheme that also allows them to keep these transactions off traditional banking systems whom governments have had to bail out time and time again. So it's a win win for the governments and investors but it sucks to be the people who are being misled about why their energy bills are sky rocketing and it's their very own tax monies being used to screw them.
It's worse than you think but I'll let you go catch up first before I describe some more of the dastardly things they have been up to and what is going to follow.
The Last Barrel Standing Part 1
https://hive.blog/deepdives/@sunlit7/the-last-barrel-standing-part-1
The Last Barrel Standing, Part 2: The Catalytic State
https://hive.blog/deepdives/@sunlit7/the-last-barrel-standing-part-2-the-catalytic-state
The Last Barrel Standing, Part 3, The Deceptions
https://hive.blog/deepdives/@sunlit7/the-last-barrel-standing-part-3-the-deceptions
I've been meaning to get part four done but have had a lot of distractions in my life the last month. By the way your post was an interesting read.