It's actually comical to the extent that the EU is absolutely by the balls of the Russians. This is what happens when you become dependent for something as basic as energy from another country. I have under one more year living in the European Union and could not be more ready to leave. Hopefully EUR keeps falling against the dollar it makes my tax bill over here that i deferred much cheaper than if I had paid it on time lol. My business earns in dollars so for all I care the euro can become the venezuelan bolivar.
I'd probably get the EUR cash reserves out of EUR and into either USD or gold somewhere offshore. The income part I do not know what I would do since I fortunately earn in USD not EUR.. I'd imagine if eurozone really did go to s**t that your stable income in EUR may disappear though idk where your income is coming from.
gold is dead, pretty impractical asset with zero benefits in modern world, will get sucked out by bitcoin inevitably
this kind of income paradoxically tends to grow during the social crisis and I can pretty much count with stable and predictable cash flow in EUR which makes it even more peculiar 😉
by offshore I mean storing it in say Switzerland, Singapore, Cayman Islands, etc. Their are many companies who you can buy/sell, store, or both your gold in those three countries. Gold isn't going away and crypto is still too speculative to be parking something meant to be stable in. Their is stablecoins but who knows how well those are backed.
Research the Dollar Milkshake Theory. It is happening right now, which explains why the USD is so strong. In such a world, you want USD. When the USD strengthens, gold also weakens (which you also see right now).
when I was saying EUR is collapsing I obviously meant relatively to USD - the video presents pretty basic stuff and we see it already
we won't agree on this but doesn't matter, I understand your thinking in principle
yes, but the investment itself is a time consuming business...
I'm avoiding usage of "believe" as much as possible but let's say I assign it a very high probability. And since opinions and statements have no value I also back this estimation by my actions and risk taken.
i make a bet with you anytime that todays gold outbeats todays bitcoin
this cycle is diffrentmarioIT said:
EU and USA went quietly through the "weak men" stage, now they'll go to the hard times...
rinse and repeat, everything is cyclical on this planet.
many other countries will enjoy the good times.
I just hope you're able to move as things will only get worse for a while 🙂
Click to expand...
best of all majority still belive russia is the target ROFL
I'm comparing gold with BTC
in what metric? what odds? what time horizon? 😀
I think you are very very wrong, crypto including bitcoin is a speculative asset, VERY volatile and usually when the stock market goes down 2% crypto goes down 10x more.
good, you have a strong opinion and strategy, I have mine, we don't live on each other's account, I don't care about your future, you don't care about mine, time will show who is right, good luck
you are perfectly setup to lose a lot of money
there will be no total collapse.Isn't it already obvious we are in a controlled transformation
