Wave Of German Insolvencies Picks Up Speed…”Tenfold Increase in Gas, Electricity Prices”

The German minister for the economy said that he did not expect any additional insolvencies and when asked what companies who cannot pay their bills anymore are supposed to do he replied that they should simply stop producing until the money comes back. Those are the leaders that are supposed to lead them out of their misery. This is just the beginning. Depending on the nation, Europe has 10 tough years at best, 30 hard years as a base case, and half a century if things go really south. Welcome to the new normal. 

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