We are starting to see the full toll of Europe’s decision to place sanctions on Russia. The continent simply can’t function without Russian energy. There is all sorts of economic damage taking place. Much of what is happening deserves their own separate articles but there isn’t enough time to cover it all.

Here’s just a sampling of the news that’s out there.

European banks are being forced to rely on power generators.

There’s trillions of dollars in margin calls from utilities shorting the energy markets that could trigger a collapse similar to what we saw in 2008 with Lehman Brothers.

Ancient forests are being cut down to help produce energy.

Germany’s economic minister is openly saying that parts of the economy will simply grind to a halt.

The CEOs of European metal companies are warning of an existential threat to the industry.

Europe’s biggest aluminum plant cut its production output by 22 percent because of insane energy costs.

Meanwhile, this is the type of thinking we are seeing from the people in charge.

They’re continuing to blame Vladimir Putin and Russia while making empty statements about how they are going to prevail.

Just how are you going to prevail when you do not have the energy resources so your economies can function?

The entire continent is plunging into a major economic collapse. It’s bad now, but it’s only going to get worse as we get closer to the winter months.

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