In the last 2 days, I have come across links, discussions, forewords and translations of a certain article on many portals and pages. erstwhile I read it, I realized why. Everyone's wondering who the author is. I think it is individual from the management of a large European company, due to the fact that only 1 could participate in the “household” he is reporting.
Is what he writes likely? To a large extent, yes! As for agriculture, I wrote the exact same thing a while ago. And I was amazed nobody saw it. Now possibly it'll scope more people. The process described by the author is to destruct enterprises, Green Deal – agriculture, with the aid of the directives on the energy efficiency of buildings will be taken distant our homes and apartments, then we will pay for the right to live in them. All of this can be the way to make not so much a planet government as planet power.
There are many unusual and incomprehensible trials in the planet today. What is their intent and whether they are called and controlled by 1 or respective forces – we do not know that. We besides do not know whether these forces compete with each another or act together. Is Europe able (as the author says) to force the "obedience" of the remainder of the world? I don't think it's so unbelievable! fewer people know about the function London City. This is simply a state in a state where there is no authority of the English government, and the king must ask approval to enter! It's the center of a global financial center that can operate outside the law and without any supervision. Another question to which we do not know the answer is the function of Russia and China. India is an unpredictable flag in the wind. Whether they are opponents of alleged globalists or have a different function – we do not know that.
So I usually – the deepl translated, I corrected translation errors and linguistic and stylistic errors and this is the article.
GAIUS BALTAR
12.03.2024
The current situation in Europe is bleak. European leaders are faced with the dilemma of "fight or flee", they are faced with the decision whether they should flee and hide or send troops to Ukraine to fight the threat from the East. However, the existential panic of Emmanuel Macron and his toxic narcissistic partners in the EU will gotta wait for a separate article, as this will focus on the European economy.
Many people wonder how the EU has managed its economy since the start of the war in Ukraine. Since then, there have been 2 clear shocks in the euro area economy. The 3rd shock, possibly the worst, is coming. They are all direct results of European policy.
The first shock was the increase in energy prices (and availability) as a consequence of sanctions on Russia. This shock alone has decimated the competitiveness of European industry, and many large companies in the most crucial part of the chain [to make added value], especially in primary and advanced production, either have ceased their activities or are packing suitcases and leaving the EU. Thousands of tiny (most family) companies, especially in Germany, are already bankrupt or technically bankrupt. This will have serious consequences for the "service" part of the euro area economies, as well as for the state finances and the anticipation of maintaining a European welfare state.
The second shock is the apparent and full regulatory and bureaucratic attack by Brussels on European companies and the full sectors of the Eurozone economies. The regulatory burdens imposed on European companies have been so exorbitant that many of them are barely functioning. method tricks and bizarre regulations are utilized to destruct European agriculture through the bankruptcy of farmers and prevent investments in fresh energy projects. The car industry, the key sector in Europe, appears to be closed too, and Brussels is reportedly planning to double the cost of owning and operating the car over the next fewer years. I could go on, but it is clear that these measures are greatly exacerbating the energy price shock caused by sanctions against Russia.
For all rational-thinking person, it is amazing why the EU has decided to tighten the effects of sanctions by planning to further destruct European economies. Before we deal with this apparent madness, let us look to the future and look at shock number three, which is likely to hit Europe (and the full West) over the next fewer years.
The 3rd shock will be the "exhaled from the outside" devaluation of the Euro and the massive fall in the standard of surviving in Europe. To explain how this works, let's usage the United States example. The US trade deficit in 2022 was nearly $1 trillion. This means that all American has received from the outside planet $3,000 worth of things he didn't gotta work for or pay for. In addition, the United States government prints trillions of free dollars all year to keep the country's functioning and keep the standard of living. The United States can do that due to the fact that the dollar is simply a planet reserve currency and can be sold in exchange for real things like goods. The outside planet maintains the standard of surviving in the United States thanks to its work and natural materials, fundamentally for free. This besides applies to Europe due to the fact that the euro is, in principle, a retail dollar marketplace and so indirectly, Europe enjoys the large privilege of the United States. If the West is decently isolated and the dollar loses reserve status, the Euro will fall with it. It is even possible that the Euro will fall sooner than the dollar, due to the fact that Europe is incapable to print money as much as the United States can. [my remark: the European Central Bank has a ban on financing countries, the American Fed does not have specified a ban] In another words, if the “global south” – most likely in the form of BRICS – manages to barrier off the dollar, The West will lose all free stuff. For Europe, this will mean a fall in the Euro and a fall in the standard of surviving possibly by a 3rd – or more.
The 3rd shock is almost inevitable, especially if Russia definitely wins the war in Ukraine. It should now be assumed that people in the European Central Bank and even any in Brussels are aware of this. A average consequence to this future shock would be to strengthen European economies with all possible measures, thus minimising the anticipation of an open revolt of the EU population. But that's not how you do it. Instead, the EU continues to destruct its own economies. Why?
A cunning ESG plan to dominate the world
[my remark: (ESG = Environmental, Social, and Government = Environment, society and management)]
I have late had a "pleasance" to receive very detailed information about the ongoing ESG initiative from the democratically unelected European Commission. In fact, this is called "European Standards for Sustainable improvement Reporting (ESRS) for companies subject to the Business Sustainability Reporting Directive (CSRD)’ [the European Sustainability Reporting Standards (ESRS) for companies subject to the Corporate Sustainability Reporting Directive (CSRD)]. It just goes out of tongue.
This was a four-hour briefing on which we barely gave an outline of what truly is happening. The another participants in the briefing focused on method issues and on what companies would gotta do to meet the requirements, but I tried to focus on what this initiative truly is and what it says about Europe's planned future. It's truly amazing.
The ESG initiative can be described as a very large set of requirements for all European companies (with the exception of the smallest – for now) on 2 things: information and submission [compliance]. Each company must make a new, separate accounting system, which will service alternatively of finance a immense set of data related to climate, pollution, biodiversity and social issues – although the main nonsubjective is to "pollutate" carbon dioxide. A crucial part is circumstantial data, the remainder is “assessed”. The bureaucratic burden that this is causing is truly astonishing.
The part about submission is very interesting. At any point, companies will be punished for not complying with certain standards set by the European Commission. At this stage, it is not rather clear what the standards will be and how they will be enforced – i.e. how they will be punished by non-compliance. This means that European companies must adapt to the standards that are yet to come and that penalties will be set later.
In another words, it is simply a very detailed strategy of control for European companies, whereby the European Commission can dictate what it wants in the future, and punish any infringement in any way. In addition to the frantic regulatory burden, this initiative can only be seen as a direct acquisition of operational control over European companies and thus the European economy.
All of this is related to milestones planned around 2030, erstwhile all of this is going to work. At least 2 of these milestones are highly interesting. The first is initially planned for 2026 and involves the expansion of the strategy outside Europe. In 2026 (or possibly later) all companies selling goods to Europe or supplying European companies with natural materials or parts will be required to comply with certain aspects of this system. 1 can only presume that these requirements will grow over time.
