The Inflation in both countries started first at the United States when the secretary of treasury and the Federal Reserve Chair indicated that the inflation that we see is "Transitory." The secretary indicated that this inflation is caused by rise in gas prices.
Then the Liberal President wanted the G7- the free world, to follow his plan to add fuel to the fire in the Russ/Ukraine war. He also immediately cancelled the Pipeline Nord Stream 2. With that, the flow of energy decreased greatly, and Europe fell for the Trap of three-fold prices of energy. With that recession is on its way. Just a thought.
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