by Karl Denninger
Market-Ticker.org
Putin recognizes two “break-away” provinces in the Ukraine.
The world screams, then he rolls troops and material, presumably invited by said break-aways, to keep the peace.
Germany suddenly decides it likes the idea of forcing a stop on NordStream2, which many predicted they would not because Germany (foolishly) shut down nuclear and fossil fuels other than natgas, which of course comes through that pipe.
So why the action?
Simple, when you get down to it: How is this different than Taiwan?
It’s not.
And this forms a very serious problem because the United States, Germany and basically the entire western world permitted TMSC to be the source — a single-source, and a dominant one for that which is not single-source — for electronic components, specifically complex ICs.