S&P Global Report Says EU and UK Are in a Recession, Putin Thinks the West Is Greedy – Economics Bitcoin News

Today’s blustery global economy has everyone on edge as inflation has wreaked havoc on the wallets of ordinary people and energy prices continue to soar worldwide. According to Credit Suisse, “the worst is yet to come,” as the global investment bank’s analysts believe the European Union (EU) and the U.K. are already dealing with a recession. S&P Global has a similar hypothesis as a report published by the Manhattan corporation explains that the U.K. is currently contending with a full-year recession.

Nord Stream Pipeline Rupture Heightens Tensions Between Russia and the West — Putin Claims the ‘End of Western Hegemony Is Inevitable’

The world’s economy looks even worse following the Nord Stream pipeline rupture as many people believe the conflict between the West and Russia has heightened a great deal. The United Nations details that the destruction might have been the largest methane release ever recorded in history. Furthermore, the Nord Stream pipeline issue means Europe will have a tougher time accessing natural gas this winter. The price of natural gas in the EU has skyrocketed to a lifetime high alongside a myriad of European energy sources.

Moreover, both sides are blaming each other for the Nord Stream pipeline rupture as Vladimir Putin declared the act an “unprecedented sabotage” and an “act of international terrorism.” Meanwhile, U.S. president Joe Biden said the Nord Stream leak was a “deliberate act of sabotage” as well, and he further noted that the Kremlin blaming the U.S. for the rupture was simply untrue. Putin also noted during a recent speech that “the end of Western hegemony is inevitable.” The speech translated by Konstantin Kisin on September 30 explains that Putin thinks the West is greedy and seeks to enslave nations like Russia.

Kisin’s translation further says that Putin remarked that the West leverages finance and technology to bring other nations to submission. The West collects a “hegemon’s tax,” according to the Russian president. “They do not want us to be free, they want Russians to be a mob of soulless slaves,” Putin told the attendees at the event.

There was a strong reaction from the attendees and one individual says:

We’ll beat them all, we’ll kill them all, we’ll plunder all their stuff. It’s going to be what we love to do.

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