What are the political implications of the Euro going worthless?
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>going
look retards as i've been saying for nearly a decade, all fiat currencies are failing and therefore hyper inflating, the USD will be the last to go for the great reset. youtu.be
>0.60%
kek
>be American
>buys a comfy Italian villa for the cost of a McDonalds cheeseburger
Don't really know much about currency but when I buy shit from UK on the Internet its always piss cheap in pounds but then it gets converted into euros and I feel like it's over.
Considering a year ago the exchange was 1 € = $1.20, this drop is rather significant.
>what are the implications
The return of the almighty guilder, created by the greatest of men to eternally mog meds and slavs.
My scotch will be cheaper
We produce for euro and sell it to the world for dollars. Energy import is the only big problem because the price explosion but this is a world wide phenomenon. For trade this is actually good. 95% of the population aren't effected if their house is suddenly worth less in a foreign currency.
R.I.P middle class... but not my problem...
US will eat Europe up to dodge the collapse.
People underestimated Biden.
Increase the chances of rich europe turning their back on poor europe.
a base rate of 3% would outright kill Greece and Italy.
>For trade this is actually good.
When you are a exporting nation. No country in Europe, right now, is a exporting nation
Ah fuck yeah I'm gonna buy all of Sardinia.
Well speak for yourself Portugal. My country produces a shit ton of export. And again trade between european partners isn't effected by it. It only is bad for the globo elite. I don't care if my assets are worth less dollars or rupees. And only retards buy the "it's good if you're a tourist" I dont travel outside of the European Union just like 80% of my fellow Europeans. If the rest of the world wants French wine for instance their going to pay the same price as yesterday. IN DOLLARS. We sell by demand. It wil increase the amount of euros the company gets because of the exchange rate.
Everyone in the EU is a importing nation. Even Germany gets its core parts for their economy from far away (energy, ressources and fabrication is mostly done in China).
We are really fucked. Just irony, that noone can say something bad about Saudi-Arabia because they are the USAs core energy exporter and are literally doing worse to Yemen than Russia to Ukraine, yet the EU can't have the same relation with Russia, who was our core energy exporter. We are really spineless and just puppets.
1 pound =/= 1 euro , after a conversion it still represents the same amount of buying power, just like CAD and USD here in the states
germany loved the relatively weak currency for exports but now it cant afford energy it might reconsider the mark
after the usa printed a shit ton of money the dollar devalued
ofc they couldn't leave it just like that so they took matters into their own hands and shit on russia to fuck over europe so the euro would lose its value as well and stay in control