patrick.net

EU also is targeting Musk:

https://arstechnica.com/tech-policy/2024/10/eu-considers-calculating-x-fines-by-including-revenue-from-musks-other-firms/

The fines are from their inability to censor X. Musk ain't cooperating, the don't like it.

And...it gets worse:

Here's a chart on VC financing between the USA, UK, and EU. And 75% of UK's financing is greater London.

DOGEWontAmountToShit says

Visegrád 24 also quoted Sweden’s deputy prime minister and energy minister, Ebba Busch, as being “furious with the Germans.” The article continued, explaining that due to Germany’s decision to shutter its nuclear plants, “people in southern Sweden and southern Norway now have [to] pay $5 for a 10-minute shower.”

https://robertbryce.substack.com/p/germany-gets-dunkelfked-again-norway

They seem to be experiencing a bit of 'all green measures are designed to fail' antipathy. Maybe their frozen and fuel plundered asses will shake them out of their socialist delusion sadistic kakistocracy.

I'm in an argument with a Euro on FB about EV's. Says she does multi-million dollar (euro) payroll. She says EV's are cheaper than my car or what I could buy right now that works for me. I told her the employees probably don't like you because you suck at basic math.

I think Europe is crashing. The reliance on renewables is going to be their downfall. Energy is the core of any economy and they decimated it. That's why I'm hopeful for the next 4 years at least in the US. I think Europe is in a downward spiral. It's why my BIL chose not to play another year in Europe. Everything is so expensive and taxes are through the roof over there. Fine you get holiday, but you're poor by all means.

WookieMan says

I'm in an argument with a Euro on FB about EV's.

You are wasting your time with socal2, you mean.

DOGEWontAmountToShit says

WookieMan says

I'm in an argument with a Euro on FB about EV's.

You are wasting your time with socal2, you mean.

I think he sees the light. EV users justify the purchase by cheap electric and fun driving. Those days are coming to an end for overpriced cars.

I like the looks of American and even foreign high end cars. I don't want to be in a car has that has no utility. Don't care how luxurious or fast. I want a car that if I hit someone they die and I can fit 6-7 people in it. And I can tow 2 bricks from the pyramids more than 50 miles. I want a lethal, useful care with milage more than that. No EV does that.

WookieMan says

EV users justify the purchase by cheap electric

No more 'cheap electric' as EVs are only viable as long as they are a niche segment of the market.

Don't buy German cars. Even the ones 'manufactured' in the US are mostly just assembled here with major parts (engines, trannies, etc.) imported from Europe.

All that is going away. Faster than ppl realize.

Amazing that Stellantis is more set up to whether the rapid deindustrialization of Europe & accelerating overall deglobalization than Volkswagon, BMW and Daimler are. But there you have it.

Not saying that Stellantis WILL do so. Just that they can, if their leadership is competent enough. They own plants and have car parts relationships via their Chrysler assets. Fiat was stupid not to avail itself to them fully, for example.

Stellantis is entirely fucked. I keep seeing long time Jeep afficionadoes turn on the company. Many Jeeps are fabricated in Italy, which is damned strange. Unless the subsidies and loopholes and abused tax breaks on both sides of the Atlantic are excessive.

It's always darkest before the Don, everything bad seems unsolvable.

But as another poster said today, the Worm turns. The pendulum swings. The Wheel of Boethius, etc. etc. etc.

Really, there's a huge opportunity for Wall Street to profit from financing Re-Industrialization. Restoring Industry will create opposition and competition between Finance and Production, which I think is a major cause of current problems.