Very true, so it's important not to keep too much money with banks, and to manage all your accounts online, so you can quickly move your money if you hear something bad coming.
+1. You stumbled into the truth. In the U.S., agriculture produces a steady 10%+ return over many time horizons (10 years, 20 years, 30 years, etc.), with very low volatility. Agricultural land produces an income that beats every other investment over those time horizons, including the stock markets.
Can you elaborate a bit further: Why do you think that crypto is the only good way to preserve wealth?
Yes, if there was any doubt that crypto is NOT digital gold during a worldwide financial panic, the Ukraine crisis definitively proved it. Crypto has been significantly correlated to equities during every significant panic. It is clear that investors do not see it as a safe haven asset during a crisis.
You cannot just arbitrarily pick a short timeframe and claim its correlation be true for longer periods as well. On top, you only look at it thru the usd lense, for which as you stated correctly that correlation is true at the moment.
I think when talking about wealth preservation we can only look through the USD lense. Precious metals are also measured in USD and that is the benchmark when discussing safe-haven assets.
what I see destroyed is the eu economy. After covid and green craziness, the war has been against the europoide resilence, and this war is way f**king lost.
That makes sense up until now for people with access to modern banking at least. But not in a multipolar world with an emerging powerless USA which will lose the reserve currency status within this decade. With this power gone, you ought to look at it thru your local currency or even better thru hard assets.
Maybe EU turns to North Africa (Morocco, Algeria etc) for this...
Definitely true. Euro is doomed - ECB policy is idiotic and always was. I never understood why somebody from outside the Euro area would want to save money in that dumb hybrid "currency".
This is indeed true. Russia knows about the precarious situation of the EU with regards to food security.
Most likely - Yes!
This is not a viable option. These countries do not produce enough of anything to fill the gap left by Russia/Ukraine.
People say that for many years already. Nothing has happened so far. Government s will only accept another fiat currency to become reserve currency. No crypto, no gold ... - not for governments. And in the fiat universe there is nothing viable to function as reserve currency: CHF/AUD/CAD are not liquid because they are too small. EUR is a dysfunctional catastrophe in itself. RMB is tightly controlled hence on an international stage not useful (might change in the future).
Egypt is more than 100 millions of people, I have no data but I bet North Africa is net importer of food. Btw the Italian and Spain olive oil in made from Tunis olive plants! smi(&% Also, Algeria is an ally of Russia, and they are in a very tense situation with Morocco. Libya has been occupied by Russia and Turkey.
True
I guess a lot of countries tried to stay “neutral” and EUSSR gave them this false idea (more or less like they buy the French Rafale to stay neutral between USA and Russian military equipment).
Belarus is the producer of 40% of ammonia and fertilizers used in eu (some sources say in the world). Just the sanctions against Lukashenka skyrocketed food price, guess what will happen soon with Russian and Ukrainian production out of eu market!
Even that, I see more CBDC than crypto adoption tbh, so I say some money, but not a lot! 😉
Correct
China CBCD is done for international mass adoption. Mozambique already use it as a national currency. Almost all the smartphones shipped to Africa got a Yuan wallet already installed. China already said that the African Franc will be substituted by the RMB. Soon RMB will become the reserve currency in all Africa. They are a bit slow, but you know Chinese are patient people”¦
Yes, overall North-African countries are net importers
It will be interesting to watch if this food-crisis will be an opportunity for non-aligned developing nations such as Egypt, Africa and some Asian nations: Russia and Ukraine (even in case the latter being under control of Russia) will continue to produce ample food. This stuff needs to go somewhere. Until recently, Western nations were able to pay higher prices which meant they bought what they wanted. Only what they did not buy went to developing countries. However, Westerners have kicked themself out of the Russian market. Will these agricultural products now find its way to the developing world, with friendly price tag to open new markets/gain sympathy/find new friends?
Where present in Africa, Russians are welcomed. This time, if well played, they team up with China, and can be an unstoppable force.
Agree,but many changed from previous assumption and save countries
Here i disagree.In europe there is no country where you won't lose big chunk of money which are invested in RE.You are making the mistake like all pro real estates guys calling it an inflation instead of stagflation.Big mistake .
Its not about china.Its about germany.US fears Russia getting with China together as this is the only constalation which could threat US.Thats why EU will split and create the 3 sea intitative to make sure they will never join forces.Remember the people of germany are pro russian and many of them even lived before in russia.
What the hell are you talking about ... when were real estate investors ever "forced to take mortgage" in Europe?
Been hearing that for at least 10 years, so far everybody that said that was wrong.
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there are a lot of laws in the past in europe just research it yourself.The new ones are hidden in social laws to pay for the damages on vaccinated.
