The West destroyed its economy by faking a pandemic, locking everybody in their homes, printing a shit ton of money and then putting sanctions on Russia.
Europe has been hit particularly hard because of these criminally insane policies and there is no sign of things improving any time soon. The European Union is reportedly running out of funds because of all of this. They are even talking about cutting programs.
RT:
Higher interest rates have added pressure to the EU’s long-term budget, already squeezed by multiple crises, including the conflict in Ukraine, migration, and energy supply shortages, Handelsblatt newspaper reported on Monday.
In the aftermath of the pandemic, those issues are overwhelming the EU’s financial resources, the German outlet wrote. Budget reserves are “practically exhausted,” the article says, while challenges are growing and Brussels’ ability to act is dwindling.
The report comes ahead of an EU review of its 2024 budget as well as the so-called Multiannual Financial Framework (MFF) for the years 2021-2027.
According to the paper, the EU member states’ willingness to cover the costs of the single budget is low, particularly in Germany, the most important net contributor to the union. All of this could undermine the EU’s capacity to finance its priorities or react to unforeseen events, and puts flagship programs at risk, the outlet warns.
The way all this went down should be proof to anybody who isn’t a complete retard that we live under an unbelievably insane and corrupt system.
The economy is only going to get worse too. These interest rate hikes are only going to further slow economic activity and they aren’t high enough to substantively slow inflation. It’s just a mess and why I endorse people obtaining assets outside of this debt-based usury system.
