Basically he said that Europe has been screwed by the US and they still haven't realized it yet. Europe handed over their own sovereignty to the US and become the US vassal without even knowing. The true winner of Ukraine war is the US. Now EU basically hooked on US energy which is more expensive than the ones they used to get from Russia, and arms, arms that they have to purchase from the US  with their taxpayers' money and give it to Ukraine for free. The UK minister just told the Ukraine that they are not Amazon, he is right, at least Amazon made money delivering goods, LOL.

With high energy cost import from the US, EU manufacturers have two options, going bankrupt or move to other countries, preferably the US, which is what is happening now. The US inflation reduction act, which is basically an industrial policy that subsidize industry, make moving manufacturing to the US even more attractive than staying in Europe. Finally I can see what boiling the frog metaphor in real life is.

Not only the EU still didn't realize how deep shit they are in, they even want to follow the US lead in replaying this situation with China with so called not decoupling but derisking bullcraps. Expect more inflation if that really happen, not to mention lost of businesses from Chinese market. With the rise of right wings in the EU, I wouldn't want to be immigrant there when the EU economy collapse. They will certainly blame that on immigrants rather than take responsibility for their own stupidity and let the left replace them. The possibility of another holocaust isn't out of the menu yet.