Western Europeans: Are Going To Need To Pile Into Cryptocurrency
Those in Europe are going to have to pile into cryptocurrency to protect themselves. It seems the continent is going to suffer a great deal of economic pain which is a path it was heading down for a long time.
In this video I discuss how we are seeing the headlong dive of the economy of the EU. If things were bad in 2020, the next year is going to rival, if not surpass it. This is going to cause a lot of economic pain including the potential of default. We can also look for the debasement of the EURO along with possibly the Pound.
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Turkey can’t leave the EU since they’re not part of it. Did you maybe mean Greece? They’re certainly resentful of the conditions placed on them by the ECB (aka Germany).
The EU has brought nothing but debt to all of its member countries. Go ask the Germans if they feel more financially safe since getting into the EU and most will say no. I lived there and they still reminisce on the Deustche Mark era. Serbia doesn't even want to enter the EU anymore.
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It all really depends from country to country. Any government in West Balkans, at least officially, wants to become part of EU and that is the goal everything else should be sacrificed for. With average people on the ground it might be a different story. Those not in EU are, for obvious reasons, less likely to be disappointed and sceptical and they see EU, even if its terminally dysfunctional state, preferable to their petty primitive countries mired in corruption and poverty.
Many in Croatia, for example, are utterly disappointed with EU and there is even some serious movement against scheduled introduction of euro. Others, especially those that live in Zagreb and/or belonging to upper middle class, have built their entire worldviews on the idea of EU being solution to all Croatian problems. Vax vs. antivax conflict is just convenient distraction for the real issue.
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What are they waiting for let them start running in now
It's bittersweet to realize that a complete destabilization of Europe and possibly millions dead, starving, or impoverished is likely a gain for Hive.
The zero sum game continues.
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I am in Hungary (central Europe), and this country is continuously suffering. Many people lives under the minimum wage (including me), and even the official minimum wage, which is approximately $550 USD per month, is much behind the European standard/average.
And the government asks "would you raise the minimum wage?" in propaganda.
Not to mention the fact that our country is still using the Hungarian Forint (HUF) currency, which is worthless. 1 HUF is currently $0.003 USD or €0.0027 EUR. Our country should have switched to Euro long ago, because (theoretically) we are a part of the EU since 2004. I currently do not feel this. It feels more like some kind of Asian dictatorship.
Huge shame on the Hungarian government.
Wow that sounds terrible and the debasement of EURO means we could see a whole lot of defaults similar to Evergrande. Given this, do you think it will have huge impacts on the US stock markets? I know we have quite a few big foreign companies listed as well.
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You're right, these governments are totally destroying the economies. These covid measures are pointless, basically no use.
Why are they doing it? For that great reset they have in mind?
If so, I doubt these leaders will take the countries into crypto, because it's not under their control.
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I know that comparisons with 1930s became a cliche, but Europe is increasingly looking like it is returning to those times. Politics is becoming increasingly radicalised, people are actually getting killed in street protests and the whole vax vs. antivax debate looks like a smokescreen/distraction for some much deeper and less solvable issues.
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Interesting , would you mind if I transcript and translate it?
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Summary:
In this video, the speaker discusses the economic situation in Western Europe, highlighting various factors contributing to its downfall. He mentions the possibility of lockdowns returning, a dire energy situation, demographics, and the impact of COVID-19. The speaker predicts civil unrest and economic struggles in the region, with governments failing to avert a crisis. He emphasizes the potential role of cryptocurrency in providing a financial safety net amidst the impending economic turmoil. The speaker encourages individuals to consider investing in cryptocurrencies like Bitcoin, Ethereum, and Hive to safeguard their wealth.
Detailed Article:
The video starts with the speaker addressing the audience, expressing his concerns about the economic future of Western Europe. He mentions having observed indicators pointing towards a grim outlook for the region for some time. The speaker predicts a scenario where Western Europe's economy is on the brink of collapse due to a combination of factors such as ongoing lockdowns, energy crises, unfavorable demographics, COVID-19 impact, and significant debt burdens.
Specific countries like Germany and Britain are highlighted for their poor economic conditions, with Germany facing a potential energy crisis and Britain struggling under government decisions leading to economic hardship. The speaker expresses a lack of interest from the United States in assisting Western Europe, further exacerbating the challenges faced by the region.
The speaker emphasizes the role of cryptocurrency as a potential solution to the economic uncertainties in Western Europe. He suggests that investing in cryptocurrencies like Bitcoin, Ethereum, and Hive could provide individuals with a means to protect their wealth and generate income, especially in the face of currency debasement and financial instability.
Furthermore, the speaker touches on the potential for civil uprisings in various European countries due to the worsening economic conditions. He stresses the importance of seeking alternative assets that are outside the control of traditional financial systems and governments to ensure financial security in turbulent times.
Additionally, the speaker acknowledges the global trend of dwindling confidence in governments and political leadership, impacting countries beyond Western Europe. He suggests that cryptocurrency offers a way to tap into a larger, decentralized economy and mitigate the risks associated with traditional financial institutions.
Overall, the video serves as a cautionary tale about the economic challenges facing Western Europe and advocates for the adoption of cryptocurrencies as a hedge against potential financial crises. The speaker's insights shed light on the role of digital assets in providing financial stability and security in the face of uncertain economic landscapes.