đź’ This, of course, will set off catastrophic supply chain collapse for the western world.
BASF has said it will have to downsize “permanently” in Europe, with high energy costs making the region increasingly uncompetitive.
“The European chemical m…
đź’ This, of course, will set off catastrophic supply chain collapse for the western world.
BASF has said it will have to downsize “permanently” in Europe, with high energy costs making the region increasingly uncompetitive.
“The European chemical market has been growing only weakly for about a decade [and] the significant increase in natural gas and power prices over the course of this year is putting pressure on chemical value chains,” chief executive Martin Brudermüller said on Wednesday.
Brudermüller said the European gas crisis, coupled with stricter industry regulations in the EU, was forcing the company to cut costs in the region “as quickly as possible and also permanently”.
There’s no way to sugar coat that. It’s a permanent downsizing of BASF. And according to additional sources, this is just the beginning of BASF’s abandoning Germany for good. The downsizing will continue to the point where there’s hardly any production happening in Europe at all.
After all, what choice do they have? With natural gas pipelines destroyed (by the USA), economic sanctions against Russia still in place, and lunatic greenie cultists demanding an end to human civilization, BASF has concluded it can no longer operate in Europe, a continent dominated by an actual death cult of climate lunatics and power-hungry political zealots.
Europe dies from this day forward
Today is the pivot point. Europe dies from here forward, and it doesn’t recover for generations. It’s done. Almost nobody realizes this yet, but the dominoes are already falling.
Europe is rapidly plunging into a continent on a collision course with total collapse: no industry, no supply chains, no energy, no metals, no fertilizer and no food. The “first world” status of Europe will be a distant memory after just 2-3 winters without food and energy, and once Europe’s industrial infrastructure is shuttered, there’s no easy way to bring it back online.
This is going to end in mass civil unrest, famine, pandemics and WAR. It will also see revolutions and the toppling of governments, currencies and entire economies. The house of cards is coming down.
👉 Courtesy: Naturlanews.com + Firstpost
