New World Disorder is unfolding as Europe fractures due to skyrocketing energy costs.
New World Disorder
October 12 (King World News) – Gerald Celente: Alexander De Croo, the Prime Minister of Belgium, said in an interview last week that there is a great concern of civil unrest breaking out across Europe due to the dramatic surge in energy prices and their impact on the average European.
And it is only likely to get worse.
De Croo told the Financial Times that, unless the EU intervenes on the gas markets, EU member states will likely face a “massive deindustrialization” period and that the “long-term consequences of that might actually be very deep.”
Fatih Birol, the executive director of the International Energy Agency, said last week that European gas storage tanks are about 90 percent full, which is encouraging, but not without risk if this winter is particularly cold or long. He said there’s a chance that these countries could be in for “bruises” along the way. The EU’s gas supply also seems to be up in the air given that Russia has largely cut off gas supplies to the continent.
“Next year, if Chinese gas imports increase with the Chinese economy coming back, it will be [a] rather difficult few months starting from March to next winter,” he said, according to CNBC. “So this winter is difficult, but next winter may also be very difficult as well.”.......more
