Will Europe finally grow a spine? If any current imperialist leadership in Europe has the gall to separate from the US, it's France, but Macron hasn't been much more than a vocally grumpy US lapdog.
The Fed’s recent rate cut also means that the dollar is going to flood Europe even more and displace the euro as the key currency in the region. The eurozone is as good as dead at this point.
The Euro is kind of fucked. Without currency sovereignty, every country in the EU is forced to cut budgets to keep their revenues and expenses balanced. Aside from exceptional circumstances like the 08' financial crisis, countries aren't able to just inject liquidity to deal with cooling markets. That means there's functionally no difference between European countries using euros or dollars, either way member states don't have control and are subject to the whims of a foreign bank.
This pretty much sums it up, in addition: what we're seeing now is the harvest of European industry. No more cheap Russian gas at the ready means no more industry for Europe. Many industrial and tech companies across the euro zone, but especially from Germany, are now relocating to the US for the sake of cheaper energy. I should say that a lot are just closing down rather than relocating, but my post is meant to convey that those companies still afloat that can relocate are choosing that opportunity.
It also opens the market up for US companies to step in where they can and make nice fire sale purchases.
In the end, the Ukraine war ramifications will include the deindustrialization of western Europe.
Can't say I feel sorry for the most racist and violent subcontinent on the planet 🤷🏾♀️
Will Europe finally grow a spine? If any current imperialist leadership in Europe has the gall to separate from the US, it's France, but Macron hasn't been much more than a vocally grumpy US lapdog.
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The Euro is kind of fucked. Without currency sovereignty, every country in the EU is forced to cut budgets to keep their revenues and expenses balanced. Aside from exceptional circumstances like the 08' financial crisis, countries aren't able to just inject liquidity to deal with cooling markets. That means there's functionally no difference between European countries using euros or dollars, either way member states don't have control and are subject to the whims of a foreign bank.
This pretty much sums it up, in addition: what we're seeing now is the harvest of European industry. No more cheap Russian gas at the ready means no more industry for Europe. Many industrial and tech companies across the euro zone, but especially from Germany, are now relocating to the US for the sake of cheaper energy. I should say that a lot are just closing down rather than relocating, but my post is meant to convey that those companies still afloat that can relocate are choosing that opportunity.
It also opens the market up for US companies to step in where they can and make nice fire sale purchases.
In the end, the Ukraine war ramifications will include the deindustrialization of western Europe.
Can't say I feel sorry for the most racist and violent subcontinent on the planet 🤷🏾♀️
Europe growing a spine is against their leadership's interests.
He’s no De Gaulle.
Heck, he’s no Chiraq
They need to sanction the US and block our ships from the Mediterranean