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A global recession is on the horizon - please read OP for mod warning

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  • Registered Users, Registered Users 2 Posts: 3,229 ✭✭✭Sweet.Science




  • Registered Users, Registered Users 2 Posts: 315 ✭✭CeCe12


    Agree 100%.

    USA only looks out for itself.

    As the saying goes, all is fair in love and war.



  • Registered Users, Registered Users 2 Posts: 15,242 ✭✭✭✭Danzy


    To make a point, to show that they have some lead in their pencil and can still be a threat, even if their Army is one step up from the Ugandan Army in terms of effectiveness and fighting capacity.


    They view themselves in an existential conflict with Europe.


    You really can't see Russia as anything but desperate to suck on the hind tit of Europe for a few Euros of gas sold.


    That's limiting your understanding of this situation.


    They have other priorities and are willing to make calculated trade offs.



  • Registered Users, Registered Users 2 Posts: 7,819 ✭✭✭timmyntc


    To make a point, to show that they have some lead in their pencil and can still be a threat

    🤣Next up: Why Russia launched a nuke on it's own cities to show the West what they're capable of



  • Registered Users, Registered Users 2 Posts: 15,242 ✭✭✭✭Danzy


    They blew up a near empty pipe that was never going to be used by them again and Which Europe would be not using in the future either even if Russia changed and decided to restore gas supply.

    It's a long way from nuking one of their own cities.

    Outside of a Pro Western European leadership being installed in Russia the gas won't flow West again.


    Gas supply to Europe and global wheat are only very small parts of the Russian economy with a massive impact. They are the only leverage they have over the modern world and it is significant and deeply damaging to the modern world.



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  • Registered Users, Registered Users 2 Posts: 7,635 ✭✭✭fliball123


    I agree sure they simply turned off the gas from the other pipe line , why would Russia blow up their leverage? I think Putin is a phucker but I also think he is intelligent enough not to torch the biggest weapon he has with regards to this war can anyone give a viable explanation why Putin/Russia would do this?



  • Registered Users, Registered Users 2 Posts: 15,242 ✭✭✭✭Danzy


    He has no intention of ever restoring Gas to Europe, that's his leverage, selling it at a premium is of massive benefit to Europe for only a small increase in his economy.


    Gas to Europe was a very small part of the Russian economy but existential for manufacturing in Germany etc.


    It's a 40 to 1 hit against Europe and it's economy.


    Oil is a different matter for Russia, that's serious money.



  • Registered Users, Registered Users 2 Posts: 939 ✭✭✭snowstorm445


    Obviously there's good deal of confusion around why the pipeline was blown up or who it would benefit. And I'm aware this has gone off-topic significantly. But the blasé and slimy equivocal attitude of some people on here towards Russia is revolting.

    "Boogeyman"? Wtf else would you call a state that's in the process of carving up its neighbour (no doubt with designs on other ones), massacring civilians and dumping them in mass graves, deporting countless others, holding sham referenda and creating the greatest humanitarian upheaval in Europe since WW2? Never mind threatening the rest of Europe with an economic stranglehold. Try telling the residents of Mariupol or Kharkiv that they should stop treating Russia like a boogeyman. Or the people of the Baltics with memories of deportation that they're all a bunch of "Russophobes" (a more contrived and bs word there never was).

    Just how far exactly are you prepared to give any state a pass on this kind of behaviour? I don't claim any great interest in the Russo-Ukrainian conflict but christ it isn't difficult to know who to side with. Just because you're "tired" of the coverage (as if it was some make-belief soap-opera conflict that only exists on TV) doesn't make it any less significant, and doesn't give you the right to gaslight people who are observing it as "obsessives".

    Again, apologies for going off topic, but it has to be said.



  • Registered Users, Registered Users 2 Posts: 7,635 ✭✭✭fliball123


    Your point would make sense if Europe wasn't in complete chaos due to energy at the minute. It would make sense for Putin to do this after Europe have found a new source of gas but why would they do it now. The current position has Russia with a gun at the head of the EU and people think that Russia will just throw the gun in the bin. Also I believe if Putin did do this he would be on a Pedi stool telling the world as this actually makes Russia look weaker their pipeline being blown up and them not taking responsibility means anyone can harm Russia and anyone doing any kind of research on Putin will tell you he would rather look like a villain than come across as being weak.



  • Administrators, Social & Fun Moderators, Sports Moderators, Paid Member Posts: 78,543 Admin ✭✭✭✭✭Beasty


    A load of posters using this thread to get round their band from the Russia thread. And a few of them being uncivil in doing so

    Drop the pipeline stuff now and get back to the wider concerns over a global recession



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  • Registered Users, Registered Users 2 Posts: 7,819 ✭✭✭timmyntc


    OPEC looking to cut production within the group - fuel oils are still well above levels at start of this year despite oil itself trading much lower due to higher refining costs and weak EUR, looks like further rises to be expected.

    Rolling blackouts in Europe pose a risk to telecommunications also - even the risk of connectivity being down is not good for business


    German recession next year is seen as inevitable at this stage, with even the most optimistic groups forecasting a <1% drop. Germany is very much the one to watch, as eurozone economy is heavily dependent on german manufacturing as part of the supply chain.



  • Posts: 441 ✭✭ [Deleted User]


    Increasingly looking likely that I won't get the desk that I ordered from Germany, which is a shame. Instead my money will go towards a similar desk that is made in China which is a shame as I was trying to support a European company.

    But I guess Germany destroying their manufacturing industry to protect what was one of the most corrupt countries in Europe is worth it?



  • Registered Users, Registered Users 2 Posts: 3,685 ✭✭✭fergiesfolly


    Could you not buy an Irish desk. There's loads in shops here. Honestly, I've seen them. Loads



  • Posts: 441 ✭✭ [Deleted User]


    Sorry I should have been more specific. It is a gaming desk designed for flight simulation and driving simulation. It's manufactured out of aluminium with various extensions for different accessories, unfortunately there isn't a lot of choice for this type of product.




  • Registered Users, Registered Users 2 Posts: 511 ✭✭✭Psychedelic Hedgehog


    It's unfortunate that you can't get the exact gaming desk you wanted closer to home. I'm sure millions of Ukranians who have lost homes, livelihoods and loved ones have you foremost in your thoughts /s



  • Registered Users, Registered Users 2 Posts: 5,095 ✭✭✭Potatoeman


    Every time you eat do you think of famine in Africa?



  • Registered Users, Registered Users 2 Posts: 511 ✭✭✭Psychedelic Hedgehog


    No, but the above is the very definition of a first world problem, not the third.



  • Registered Users, Registered Users 2 Posts: 15,242 ✭✭✭✭Danzy


    Third world problems.


    Holiday sunshine most of the year and take away or exotic restaurant food every day.



  • Registered Users, Registered Users 2 Posts: 5,095 ✭✭✭Potatoeman




  • Registered Users, Registered Users 2 Posts: 7,635 ✭✭✭fliball123


    Just on your back and forth there seems to be a lot of people thinking that if someone spends some cash on a luxury they should be ashamed of it or should be taxed more than the taxes already paid for this luxury. People who work and who earn remember that word "earn" cash should be allowed buy what ever the hell they want with out any guilt. We already pay a myriad of taxes to help the less well off. Some people will not be happy until we have committed to full communism with the caveat that those working continue to do with out the incentive of actually having more cash to make their life a bit better cant see that working.



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  • Registered Users, Registered Users 2 Posts: 15,242 ✭✭✭✭Danzy


    I hate the narcissism and pomposity of the phrase "first world problems".


    It's very rare to hear it from a person who is not very well to do by first world standards. Morally smug upper middle class people who would have been Jesuit Priests 60 years ago.



  • Registered Users, Registered Users 2 Posts: 511 ✭✭✭Psychedelic Hedgehog


    Oh I'm far from well to do and have had to work for every penny I've got. I'm just pointing out in the grand scheme of things that there are much more important things in life than a fancy gaming desk or chair or whatever. If the point is lost on you that's not my problem.

    Anyway this is dragging the thread way off topic, apologies.



  • Registered Users, Registered Users 2 Posts: 15,242 ✭✭✭✭Danzy


    I wasn't referring to you specifically or your point



  • Registered Users, Registered Users 2 Posts: 4,880 ✭✭✭TimeToShine


    With this latest escalation Winter 2023 is now looking like a terrifying prospect. Euro and pound in the gutter, fractures in the EU as Germany go into recession, Italy vote right and what the interest rate hikes will do to their debt, France leaning right, Norway possibly doing a Norway and looking out for themselves by capping electricity exports, our neighbours in disarray and to top it all off a refugee crisis from Ukraine and North Africa. The US, who printed $13 trillion during Covid, are seeing the value of their exports go through the roof. It just doesn’t add up and something has to give.



  • Registered Users, Registered Users 2 Posts: 888 ✭✭✭bb12



    Norway's North Sea oil rigs step up security after being buzzed by mysterious drones: Fears of 'deliberate attack' on off-shore platforms after Baltic Sea gas leak sabotage




  • Registered Users, Registered Users 2, Paid Member Posts: 6,263 ✭✭✭Widdensushi


    Recession and high rates of inflation, a perfect storm.....



  • Registered Users, Registered Users 2, Paid Member Posts: 15,004 ✭✭✭✭Cluedo Monopoly


    Let's get thru Winter 2022 first eh...

    I have a hunch that we will see a climbdown from Moscow fairly soon. By end November I hope. Lots of daily brinkmanship between now and then.

    What are they doing in the Hyacinth house?



  • Registered Users, Registered Users 2 Posts: 15,242 ✭✭✭✭Danzy


    Not a hope of a climb down.


    He doesn't seem the surrender type and besides it's only now that the damage is becoming a serious issue for his opponents.



  • Posts: 441 ✭✭ [Deleted User]


    Interesting video of the new Italian prime Minister calling out macron and what the French are up to in Africa. I don't understand why she is getting such criticism. I wish we had someone like her in this country.




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  • Registered Users, Registered Users 2 Posts: 7,669 ✭✭✭brickster69


    Germany brings in a price cap for consumers and businesses at a cost of up to 200 Billion. Looking like every man for himself now instead of waiting around for Brussels to come up with some crazy scheme.

    Amazing to think these people in charge actually started an economic war against a country that could cripple them at the flick of a switch. You just wouldn't risk it would you ?



    Niccolò Machiavelli :

    "To ally with great powers to defeat your neighbour is a strategic trap; if you win, you become the slave of the greater power; if the allied power is defeated, you remain alone and defenceless against the angry neighbour, and you are destroyed." - Niccolò Machiavelli



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