Russia Ukraine war, page-225859

  1. 22,347 Posts.
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    Take Germany as an example.
    You cite its current inflation at 2.4% as being hunky dory.

    Of course even blind Freddy realises that Germany (the economic engine of the EC)
    is in severe economic strife and not only on the brink of economic recession but
    also a corresponding move to the Right politically :

    https://hotcopper.com.au/data/attachments/6259/6259150-af22461dcdfb8ab621235a5a34eb08f8.jpg
    Again you are cherrypicking stats without context...yet more bigotry, IMO, mate

    FYI: German competitive advantages in engineered commodities relied on
    . a high degree of automation (Capital & Energy intensive) and again
    even Blind Freddy can see that the energy price spike in business inputs
    has gutted German manufacturing and consequently the German economy.

    PS: If the use of the USD has been "minimised well before this war" (your words)
    then why did the USA lead sanctions the use by SWIFT by Russia in trade?

    The tectonic shift away from the USD and its institutions by the BRICS happened post this
    war......the previous shifts were very gradual over time led by China.
 
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