65
submitted 11 months ago by yogthos@lemmygrad.ml to c/us_news@lemmygrad.ml
you are viewing a single comment's thread
view the rest of the comments
[-] yogthos@lemmygrad.ml 31 points 11 months ago

One of my favorite stories of the year has to be EU's attempt to convert money into artillery shells. They allocated a bunch of money to this and thought that shells would magically appear. Instead they created a situation where there's a limited supply of a commodity with a market flush with cash, and as anybody with even a modicum of economic understanding could've told them this resulted in prices going through the roof. So shells went from around 2k per shell to 8k per shell. 😂

In October, NATO’s senior military officer, Adm. Rob Bauer, said that the price for one 155mm shell had risen from 2,000 euros ($2,171) at the start of Russia’s full-scale invasion to 8,000 euros ($8,489.60).

The west is run by literal evil clowns.

[-] Collatz_problem@hexbear.net 22 points 11 months ago

Hey, it means that GDP got bigger! Who needs real things if line went up?

[-] PanArab@lemmygrad.ml 9 points 11 months ago

Were EU governments bidding against one another?

[-] yogthos@lemmygrad.ml 13 points 11 months ago

I'm guessing companies just jacked up the price and the governments wrote blank cheques to them. I imagine corruption is likely a factor here too.

this post was submitted on 10 Dec 2023
65 points (97.1% liked)

US News

2050 readers
37 users here now

News from within the empire - From a leftist perspective

founded 5 years ago
MODERATORS