US Impounds Thousands of German Vehicles Over One Tiny Part Made in China

Germany to America: “Thank you sire, may I have another?”

Did VW really earned money in the US in the last decades? I`m not shure.

The VW will have to pay the proper lobbyist in DC to grease the skid to get these cars released in the future or Bring them across the Southern border.

Germans think they can cheat. Think again.

The corrupt traitors in DC are very pro-Red China. This is schizophrenic.

Meanwhile, the US is importing Uranium from Russia. Clearly these sanctions make no sense.

Ah yes, you found inflation!

CBS 60 min : Audi 5000 sudden acceleration blocked VW for decades.

About Germany and energy policy. When I was young, I remember sitting in big lines for gas in the 70s. I thought the shortage of oil and inflation was the result of a war and its subsequent energy embargo.

Washington’s “development economics” is actually designed to prevent development

 “Nixon shock”

When the US rescinded its promise to allow the exchange of US dollars into gold at a set exchange rate, the dollar fell and to maintain military hegemony, US leaders felt this fall had to be stopped. The solution was found in the importing needs of countries like Germany and Japan: most of their energy was imported. The US dollar was thus transformed from the gold-backed dollar into the oil-backed dollar, known as the “petro-dollar”.

US troops were deployed in the largest oil producing country, Saudi Arabia, and a deal was made that its government and royal family would be supported by the US, in exchange for the promise to sell oil only against the US dollar, and invest 80% of the resulting abundance in US dollar reserves in Saudi Arabia back into US Treasuries, thus funding the government budget deficit, and with it, the US foreign wars.

Germany and Japan now needed US dollars, in order to be able to buy the energy needed to operate their economies. Of course, some alternatives were explored, namely Germany gradually began to import gas from the Soviet Union, which always delivered reliably.

The other step to underpin the US dollar was to engineer a massive hike in the oil price, which would essentially transfer vast resources from manufacturing powerhouses Germany and Japan to Saudi Arabia and the United States. For this, Henry Kissinger had to arm-twist the Saudis to quadruple the oil price, which happened in January 1974. To divert the attention from the true sequence and cause of these events, as outlined here, and instead spread the narrative that the driving force of events was the OPEC oil embargo, central banks in the sphere of influence of the Federal Reserve, which included the Bank of England, the Bank of Japan and the Bundesbank, had simultaneously set out in 1971 and 1972 to massively expand the money supply by encouraging a grotesque expansion in bank credit, for property speculation and consumption.

This caused the inflation of the 1970s, despite the dominant official narrative that the inflation was the result of a war and its subsequent energy embargo. (Like Henry Kissinger’s visit to China, also this scenario has recurred half a century later: it was not the Russian military operation to defend the newly formed Republics on Ukraine’s borders that caused the inflation of 2021 and 2022, but the massive expansion in bank credit, coordinated by the Federal Reserve, Bank of England and ECB and implemented in March 2020).

As a result, US economic and political dominance continued in the 1970s. Meanwhile, the Bretton Woods institutions of the IMF and the World Bank had been used to manage what has been billed as a de-colonisation and movement towards independence of many countries and peoples across the globe: The British, US, French, Belgian and Dutch overseas colonial empires faced increasing demands by locals for political independence. Having argued that their fight in the second world war against Germany was for freedom and democracy, it was now difficult for these countries to delay decolonisation for the majority of the population in the world living in developing countries that were under their direct control.

We are told by modern English-language textbooks in “Development Economics” that it was this de-colonialisation that created a new academic discipline taught at their universities, called “Development Economics”. The development economics textbooks point out that this discipline did not exist until the 1950s and 1960s and it was created, because an increasing number of former colonies were becoming independent.

But development economics was not created by the leading thinkers of those newly independent countries! Instead, it was created by British and US economists.

Sanctions are stupid but sadly so, in general, is the voting public.