14 February 2025: 08:30 GMT
Peace is coming even if the old and feeble European empires are still resisting, in words because they have no swords. American realism is clashing with the old, wounded German, British and French egos, but if you have no money and no swords all that you can do is moan – and moan they will! America has realized that dumping material and money into Ukraine will turn out more financially disastrous that the $3 trillion consumed in Afghanistan.
If there’s any doubt of the outcome look at the markets; they have no emotion, they just react to conditions. TTF shed 18% in three working days and is now trading at €48.58/MWh. The German Dax index is up 3.7% in five days and 8% in a month; the economy likes peace even if Scholz doesn’t. The expiring German Chancellor won’t be seen by Vance in his own country at the Munich conference because, as an American official said; “We don’t need to see him, he won’t be chancellor long.” So true. Rollover Beethoven. 😊 And Macron, all he can do is take a stab with his mighty pen and write whatever in the FT about a response to the American ‘electroshock’. He also has no money and is on borrowed time. The war’s over.
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