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Germany Facing Industrial Collapse

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These are not new developments. Uniper is being taken over by the German state.
 
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 earns︀ in dollars so for all I care the euro can become the venezuelan bolivar.
 
I don't think it's off-topic so I'm going to ask here instead of opening new‌ thread...

what do you think is the rational strategy for an individual having more or‍ less stable continuous income in EUR (like 5-6 figures monthly) and decent cash reserves in⁠ EUR?
I mean EUR is collapsing high speed and if one has no intention to⁤ invest any more on European continent how to handle this situation most efficiently?
 
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 I︀ would do since I fortunately earn in USD not EUR.. I'd imagine if eurozone really︁ did go to s**t that your stable income in EUR may disappear though idk where︂ your income is coming from.
 
gold is dead, pretty impractical asset with‍ zero benefits in modern world, will get sucked out by bitcoin inevitably

temporarily maybe..., can⁠ you elaborate what do you mean by "taking gold offshore"?

this kind of income paradoxically tends to grow during the social crisis and I can pretty︀ much count with stable and predictable cash flow in EUR which makes it even more︁ 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 crypto︀ is still too speculative to be parking something meant to be stable in. Their is︁ 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 the︀ USD strengthens, gold also weakens (which you also see right now).

When the USD eventually︁ weakens, then you want to buy gold. It will present a great buying opportunity for︂ gold and a hedge for the future. Productive income-producing land is also a good option.︃
 
when I was saying EUR is collapsing I obviously meant relatively to USD - the video⁠ presents pretty basic stuff and we see it already
how fast this trend will be⁤ and whether there will be a better opportunity to buy USD is a quesion
maybe when European Central Bank will rise the interest rates eventually EUR will temporarily improve

I'd like to listen to your opinions whether you think it's worth waiting or if it's⁣ most efficient to immediatelly convert to USD (considering my trust in banks is pretty low)⁢ and convert all earned EUR immediately to USD, buy current discounted stocks or whatever else...︀
it's worth noting that I have significant BTC position and continuously buying - here I'm︁ talking about the money I don't want to put into BTC
we won't︃ agree on this but doesn't matter, I understand your thinking in principle

yes, but the investment︅ itself is a time consuming business...
 
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 worse︀ for a while 🙂
 
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.

The only temporary "advantage" of gold is historical inertia, established social position⁤ and existing regulatory framework. BTC beats everything else.
 
gold is holding pretty well.
Just don't compare gold with usd but eur or other‌ local currencies.

EU is history its done deal for a long time same as germany‍ gets non important.....
Morgenthau plan says hello

i make a bet with︀ you anytime that todays gold outbeats todays bitcoin

this cycle is diffrent

best of︅ all majority still belive russia is the target ROFL
 
I'm comparing gold with BTC
fiat currencies don't‍ have any future but mid-term USD is the winner and will be the "last fiat⁠ standing"

poor (non USD) countries will be suffering and losing their currencies - some of⁤ them will dollarize (there are examples even nowadays) and the smarter ones will hop into⁣ BTC and benefit from the early adoption efect, it's an opportunity incomparable with anything else⁢ in history
just saying... I have no problem with disagreement
in what︁ metric? what odds? what time horizon? 😀
measuring the value of assets in USD will be︂ less and less relevant
there is no doubt that market cap of BTC will grow︃ much faster than gold and it will lose it's significance in comparison to BTC
 
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.

Gold is used in everyday electronic⁤ devices, it's also held by central banks (for a reason?) and you can buy/sell it⁣ in pretty much any country in the world.

Personally I hold gold not as an⁢ investment but as an insurance against total system collapse.

When it comes to crypto I︀ only hold and trade Monero.
 
good, you have a strong opinion and strategy, I have mine, we don't live︀ 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 lose︂ a lot of money

timeframe 5 years.
todays Gold will outperform bitcoin a lot
USD last men standing lol
I guess thats why they are installing CNY as a world︃ reserve currency create their own swift etc so USD can keep dominating.
50% loss of︄ USD value is being guaranteed over next years.

USD will stay same as any other︅ currency execpt EURO
The only diffrence they all will be bound to SDR's from IMF︆

there will be no total collapse.Isn't it already obvious we are in a controlled︍ transformation
 
Can we split this off into a new thread.⁤ This thread is totally trashed with off topic posts now. I would be happy to⁣ see a bet take place over this 😛 i.e BTC vs Gold performance over a defined⁢ time period and with a metric we can measure for success.
 
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