Hacker News Reader

Comment by TMWNN | Hacker News Reader

The likely shutdown of all Russian gas to Germany this winter, resulting in a) 5-10X rise in home heating costs, and b) complete shutdown of many industries, resulting in a c) depression in the German (and thus European) economy

View on HN

Yeah I feel like somehow the market has ignored that possibility. Although maybe that’s why the 10 year bond is down so low and the market is fighting the fed

Russia is establishing this threat for leverage and Germany will probably concede to Russia’s demands rather than suffer this consequence.

Let's hope so!

You do realize that we live in a globalized economy and that a collapse of the German economy would have significant consequences for the world at large?

Why would you hope for suffering of millions?

I feel OP is welcoming Germany’s demise as the Economic Powerhouse of Europe rather than suffering of people. Tho, both are linked because Germany is a net-importer of human capital and many will be forced to move back East, thus further pushing East Europe back into poverty.

No. I'm welcoming Germany's [and on a wider level, the EU's] demise as their just desserts for acting as the US's poodle for the past several decades, instead of seizing the opportunity to create an independent and non-aligned Europe as a force for good in the world.

But, yes, my remarks are aimed at nations and what they stand for, rather than people.

Reply on news.ycombinator.com