/biz/ - Business & Finance

Eurofag here
Hoping for cheaper RE

shoulda not cucked yourself to Russia for oil and gas

>>49865359
on a scale of 1-10 I would say 6 million

>>49865359
Literally soviet union in 1991 levels of fucked. The real shitshow is about to begin. Expect civil unrest soon.

Help

>>49865359

WE ARE FUCK, But at least we are not French and we live in Paris

Feels good being almost entirely in USD bros

>>49865400
Yeah cause cucking yourself to Dune coons is way better

>>49865359
Europe has AAAAAAAAAA rating

Europe is dead, either
>European central bank raises interest
>Greece Spain Italy go bancrupt
>EU is dead
Or
>don't raise rates
>continued high inflation
>northern Europeans vote populist growing unrest

>>49865400
>shoulda not cucked yourself to Russia for oil and gas
if shit hits the fan we can just tap into our virtually unlimited coal reserves, we can use that in the short term while developing alternative Gas fields in other nations like Brazil, Qatar, etc... Russia thinks they have Europe by the balls when they are that scared bully that picks on little boy Ukraine.

>its fucked
>all dead
>civil unrest
>soviet union style
just two more weeks bros honest

>>49865539
actually in this case yes. nuke also still exists.

>>49865359
we're late fighting inflation
USD is already in deflation mode
we're still inflating eur because Lagarde doesnt want to raise rates bc she is retarded

so pretty cucked if you still have euros in your bank

i don't understand that we fuck ourselves on purpose. it's like there is a big scheme to destroy europe. it's already done with massive immigration from other continents but it's like they want to push it more by destroying economies on purpose

>>49865632
>coal
globohomo doesn’t want you to use coal

>>49865926
They'll have to use it, globohomo will have to accept if they want to keep euro countries under their control.

>let's solve supply sortages by pumping fake money into the economy
In a fair world these niggers would be hanged for criminal negligence.

>be against nuclear
>tell everyone to stop using fossil fuels, foremost coal
>build coal plants to replace nuclear plants
>no more gas and oil from russia
>doesnt matter that much since you have coal plants
>have lots of coal
>also now everyone wants your coal
das muss man erstmal sacken lassen

>>49866037
Managed hyperinflation is doable.

>>49865359
woman as head of the ecb/10

>>49865359
Either the ECB increase the interest rate and, as a consequence, Italy, Spain and Greece default on their debt and are left with no other choice but to leave the eurozone and devaluate massively their currency;
OR the ECB do not increase the rate, which, as a consequence, will ruin the savers of the eurozone (northern Europe and especially Germans) and lead towards hyper inflation.

Either way, the Euro is fucked. Always has been.

>>49866297
I wonder what they'll do this time.

>>49865359
>how fucked are we
imagine alexa benson doing a new record at BLACKED.COM

>>49865581
>Eurozone has 10700 tonnes of gold, $13.02T GDP, 11.5T EUR debt.
>US has 8300 tonnes of gold, $20.9T GDP, $30.5T debt

During stagflation of the seventies the gold reserve reached about 40% of the debt of the US.
I think this will happen again. US debt will rise to about $40T, Euro debt to 15T
8300 tonnes = 15T dollar, 1 oz = $56k
10700 tonnes = 6T euro, 1 oz = 17.4k EUR
1 EUR = $3.2

Our gold reserves, other foreign exchange reserves and lower debt levels is why the ECB does not have to tighten as harsh as the FED.

>>49866040
coal is fucking horrible for environment and people, there is no way pozzrope is going this route.

Not that fucked really
More companies are joining the crypto market than ever before

Hedera alone now has multiple billion dollar companies like Hedera, IBM, Boeing and LG on their council and theyre all in full support of HBAR foundation’s efforts in expanding the Hedera ecosystem

>>49866352
>he thinks anyone with power gives an actual shit about the environment

>>49866379
shit strawman, try better faggot

>>49866297
Zoomer here, what was the point of introducing euro as a currency for different countries with vastly different economies?

>>49866423
There's no strawman. Pozzrope already declared burning natural gas green energy when they were still sucking Putin's cock.

>>49866513
so you're still not talking about coal

>>49865581
They're already talking about raising interest rates

>>49865926
germany restarted using coal just this week

>>49866531
German here.
Our green party (who is in power) declared that they are in favor of coal

>>49866467
Because having one currency somehow makes us all unite under a nebulous european identity that no one can define because it’s not based on values but on centralized economic power which now lies entirely in the hands of a few unelected, grossly overpaid faceless bureaucrats.

>slava ukraina

>>49866467

By integrating economies we prevent war. This works great, just look at Russia.

>>49866467
From what I have heard, it was a project pushed by France that hoped to tame German dominant currency
Basically France said if Germany wants reunification, they have to join Euro

>>49866551
While shutting off nuclear power
What kind of retardation is this

>>49866551
That's an emergency not some power move to switch to coal plants, they're literally cornered.

>>49866539
Germany like most other euro countries was using coal even before this week, the thing that changed is that they are using way more coal than usual and ironically have to import a part of it from Russia.

>>49866082
Cope

>>49866657

>>49866553
>>49866569
>>49866613
It seems under (((their))) rule we are only allowed to prosper as Europe when we shed blood with each other. I wonder if Europeans will wake up once they will struggle to feed themselves. The most probable outcome tho is some form of faggot communism or something

EU is fucked. Inflation is ramping up, ECB isn't doing shit. There's been environmental crises all over Europe and food will be even more expensive on top on inflation. Fuel across the board is soaring, so higher transportation costs. EU cucked to russia and pumping shit into ukiefaggots. EUR to USD close to being 1:1 which hasn't happened once in the last 20 years. EUR is literally crumbling. We ded.

>t. europoor

>>49865359
Joshua Wong, the CIA asset in Hong Kong, is in jail.
Jeanine Anez, the CIA asset in Bolivia, is in jail.
Alexei Navalny, the CIA asset in Russia, is in jail.
Juan Guaidó, the CIA asset in Venezuela, is not allowed to leave the country.

I think this should give you an idea about what happens when one willingly becomes a pawn of the US.

>>49866348
but you have to look how propped up that debt is

US debt has a lot more confidence because the entity behind it has a lot more power
EU debt is much more propped up, even though debt to GDP is lower. Way less confidence.

You can verify this by looking at the central bank asset balance sheets of the respective entities.
in JAN 2019-JAN 2021, FED expanded from 4m to around 7.3m
https://fred.stlouisfed.org/series/WALCL
in the same time range ECB expanded from 4.5m to 8.5m
https://www.ecb.europa.eu/pub/annual/balance/html/index.en.html

this means money supply in both places was expanded at about the same rate (by buying up debt). Yet the dollar is used internationally for petrol and the euro isn't. So much more rampant inflation of the euro to be expected. This is confirmed by PPI numbers
https://www.destatis.de/EN/Press/2022/06/PE22_252_61241.html
(only 16-18% on same time frame for US/UK, WITH fuel included)

ECB has to tighten because of inflation, and your argument does not prove that ECB doesn't need to cut rates, rather it imples that ECB is better prepared to cut rates due to better debt to GDP ratio

But even of that I'm not so sure. Just because GDP ratio is higher doesn't mean lenders have more confidence in debts being repaid. If the EU threatens to fall apart due to dissension, that undermines debt confidence much more.

>>49867141
>If the EU threatens to fall apart due to dissension, that undermines debt confidence much more.
and this is exactly what will happen even WITH rate cuts to curb inflation

Because certain countries such as Spain and Greece have 4% yields already. If interest rates are cut, the countries who contribute so much GDP to EU will survive yes, but the weaker countries will default and implode.

>>49865448
and climate change is only going to worsen in coming years...

>>49867279
>lazy meds will have to pull themselves by bootstraps
It seems like the siesta is over

>>49866040
CDU 4D SCHACH

>>49865359
euro fag here, thinking about moving out of the EU. Switzeland or UK, I'm not sure yet.

>>49866467
It was a German plot to make weaker European nations dependant upon her

>>49867279

To be fair those fuckers in Greece should have got their shit together since they were last bailed out.

No more handouts.

>>49867398
I'm from Poland and some retarded politicians say we should switch over to using euro. Im 99% sure that they are being paid by germans to shill this shit

>>49866467
so you don't have to exchange your money all the time when travelling

>>49867478
Exchanging money was cool. So was having your passport stamped.

why does everyone here belief in the .gov line that higher rates = lower inflation
it doesn't, it might have never done so in the first place and the only reason most people say so is because the textbooks lied for 4 decades and thats where almost every active person today got their formative years in
even worse today we have severe supply constraint inflation based first on food and energy shortfalls due to retarded sanctions, there is nothing short of large scale depopulation that can limit inflation here, dont believe central bankers lies that they really control the economy
in reality the only way we have left out of this mess is printing another shit ton of money and this time don't airdrop it on everyone but put it in massive supply chain build outs, this will create a wage price spiral which is actually good for everyone except the dumb savers, again don't believe .gov lies that state that rising wages is the worst thing ever

also nobody itt has touched the biggest we are fucked thing yet
ukraines food output mostly feeds the third world, a lot of middle eastern countries especially
given all the shit that happens mostly the defacto blockade of the ports means that exports arent happening. this means biblical scale famine throughout the entire middle east, this will in turn result in massive migration waves into europe that will dwarf the past one by at least 1 order of magnitude, maybe even 2
image in this situation with droughts everywhere, a tight food market, rising inflation strained government budgets and overal civil unrest popping up as the tax cattle or now fully overtaxed, there is another 100 million immigrants coming in while they will say you have to pay for them again

yes europe will burn with the fires of change soon enough, dump all local fiats and go hard into crypto in your own wallet
you'll survive any revolutionary regime declaring old world money illegal and ill be able to move away in an instant should the need arise so gold isn't good

>>49867478
This nigger is being serious, laugh at him

>>49867478
>>49867508
Based eurobros lifted border control so that niggers can roam unrestricted from Africa

it's over

>>49865359
Well, the good news is, while your countries inevitably decline into poor third world shitholes full of brown people, you will at least be less poor and have less brown people than the places that are already third world shitholes today

>>49865908
there's one fatal misconception that you people have, amerimutts never considered europe and japan their allies, they always considered them competitors and they'll always act to hurt their economies as much as they can, amerimutts want nothing more than having europe and japan be in ruins and be able to lord over them

>>49867556
I doubt the export from the Ukraine will be prevented and the middle east / afrika will get their grains. There is no room for large scale immigration to EU anyway

>>49867736
yo this nigga str8 cappin

>>49867709
You, sir, are a fantasist.

>>49865359
Yuropoor here, we are immensely fucked and the masses are barely starting to notice.

>>49867736
>he doesn't know
Ukraine mined their own ports. There's cartoonish WWII sea mines floating loose all over the black sea now.

>>49867556
you've swallowed the propaganda completely which makes it ironic you chide people for "believing textbooks"

inflation is purely money supply.
If it were simply fuel rising then people would spend less on other things, the money supply being fixed. So price increase there would cause price decrease or business going bust elsewhere, lowering GDP

but no such thing happened, prices have gone up across the board because expa ded money supply. Monetarism is the only explanation and it is the other way around, the ukraine shit and supply chain shit are the cover ups of the real issue (money printing)

you are correct on one thing though. Interest rate cuts do not decrease inflation on the long term. That's another front. It inly temporarily decreases money supply because money is burned on worthless bonds, but they can only do this because of the implicit promise to buy back those worthless bonds
so in the long-term it only adds

>>49867783
t. mutt
the best time for amerimutts in history was when europe and japan were in ruins, why wouldn't they want more of that, if europe and japan were unhindered they'd both easily overtake amerimutts, if that happened america's influence would completely wither away and the world would shift back to having eurasia at it's center, amerimutts would be yet again sitting on a far, out of way continent not connected to the eurasian trade networks, amerimutts would rather nuke europe and japan again than let that happen

>>49867802
oopsie meant for >>49867556

>>49867783
and you are a jew. >>49867709 is right.

>>49867819
>inflation is purely money supply.
>Interest rate cuts do not decrease inflation on the long term
average /biz/ retard

>>49865908
Politicians have been chasing economic growth at any cost. Now it’s coming back to bite them in the ass

>>49867844
you did not read the last part eh? In the short term the money supply is decreased but in the long term it is increased because the market only spends money on what the fed sells them because the fed gives them advantageous prices and distorts the market.
to dumb it down for you, there are large swings in the money supply as the fed causes booms and busts, but on the long term the base line of money supply moves up.

>>49867736
You think they're farming in in the war zones?

>>49867736
ukrainians tried to plant as much shit, something like 80% of arable land was used compared to last year if I remember correctly. The problem is that russians shelled ukrainian's fields and stole their grain reserves

We are fucked. It's 2008 all over again.

>>49867819
this post is almost too stupid to reply too, but i see i made an oversight in my first post

so yes the money printing during the coof certainly has had an effect, but that would be a transitory short term effect that would be largely contained to assets
the current out of control and accelerating trainwreck is driven by shortages in necessities and does not correlated to any monetary policies

you cannot cancel the largest fuel, mineral and food/fertilizer exporter without seriously breaking things
if i really have to explain to you how people will always be paying higher prices for first the fuel to drive to their cagies and then for their very food itself right until the end regardless of gdp measures ecb rates or other abstractions
then leave here and never come back

>>49868167
>the current out of control and accelerating trainwreck is driven by shortages in necessities and does not correlated to any monetary policies
why did prices already spike before the war then?

>>49867819
>If it were simply fuel rising then people would spend less on other things
>So price increase there would cause price decrease or business going bust elsewhere, lowering GDP

everything in our world is made with some form of fuel, fuel prices mooned like a shitcoin in europe

if a necessary input to your process rises without end and without replacement you raise prices to follow until you go bankrupt or your customers tap out
gdp will be lowered in a wave of bankruptcies and bad debt, still will not fix inflation as fuel will still escalate in prize

>>49868212
you're supposed to memoryhole that chud

>>49868212
putin already fucked up deliveries before the war and speculators drove up prices further
liek i said there was transitory monetary driven inflation in last summer/autumn
but the trainwreck began in late autumn together with the exploding gas prices, just look up the dutch ttf graphs

we are suppose to memory hole that brandon outright threatened shultz into shutting down northstream long before any vatnik crossed the border
nobody remembered that interview where brandon in germany said we will kill northstream and schultz looked like he had a strok

>>49868140
>2008
*1929

>>49868294
that cheeky putin stealing ups packages before the west started any sanctions

>>49865908
https://en.wikipedia.org/wiki/Kalergi_Plan
But that's a conspiracy theory, it's been debooonked, so don't worry about that. Status: mostly false

>>49866467
To fuck you and your future
Remember, this is not a tragedy or a natural disaster, this was a carefully executed plan and the people that thought it out and executed it are now telling you to get fucked

>>49866636
It's like they want famines and brownouts
But that's impossible, the government would never hort you right?

>>49867556
>immigration wave
literally just close the borders it's that easy

>>49868167
>you cannot cancel the largest fuel, mineral and food/fertilizer exporter without seriously breaking things
Good thing Saudis are doing fine? And if you mean Russia then yes of course there's an impact, but news flash, Russia has not significantly reduced production and is selling to its own trade partners first who then sell to us anyway at a slight mark up. Either way it represents 10% of the world economy and used to represent WAY LESS.

Yeah fuel is up and war is busting some shit, but the reason for INFLATION which is DEFINED as across the board increase, is only due to money supply.

I explained this to you logically, if the money supply is fixed, a price increase in one thing means people have less to spend on other things. So say Russian oil had entirely disappeared (10%). Yes everyone needs fuel as you said >>49868233 but what would happen without inflation is certain industries how are more reliant on oil or who are more superfluous would go bust, while others would survive without raising prices.

Because customers would only have a certain limit to spend. The money would chase the services that don't press their price higher than the demand.

Instead prices are UP ACROSS THE BOARD. That is called INFLATION and only happens due to money supply. A pure oil shock would simply cause bankrupties and possibly recession if money supply was fixed.

>>49868450
But not allowing literally every single nigger in the whole fucking world to get here and get gibs out of my taxes is racist

>>49868468
ah yes I forgot. I guess we must die then, it was good while it lasted

>>49868493
No other option unfortunately, we need to let the globalists take a huge dump on our heads and ask for more please, otherwise we're racist. That's the rules. Now enjoy next winter, I'm sure everything will be fine, they keep saying that on TV so that must be true

>>49868450
kek jokes on you, Italy pulls over to North Africa to "rescue" niggers that try to cross Mediterranean sea and goes with them to Italy.
Niggers cross from France to UK by boats and then UK pay for their stay in 5 star hotels
Europe is fucked but it isn't talked about because covid was a genius smoke screen

>>49868524
> kek jokes on you, Italy pulls over to North Africa to "rescue" niggers that try to cross Mediterranean sea and goes with them to Italy.
Oh no it's fucking worse than that. NGOs get taxpayers money to taxi niggers from Lybia to Sicily. Salvini (not based, but he did that) tried to stop it and was fucking sued and successfully convicted for that. It was convicted by the state because he tried to stop the invasion. Everybody clapped.

>>49867736
> There is no room for large scale immigration to EU anyway
Not with that attitude

>>49865359
We are fine. Nothing will happen.
Can't say the same for you Ivan.

>>49868457
in fact I can prove to you at once how stupid this entire discussion is.
Russia invaded Ukraine end of february
Now have a look at the YTD inflation chart
https://app.truflation.com/

It was already 10% in January, 2 months BEFORE Russian oil started getting "banned".

Almost as if it was made up as a reason for inflation AFTER THE FACT. Understand?

>>49868596
Everybody that is not completely retarded got that. Problem is, almost everyone is completely retarded.

>>49868457
yes you explained again conventional economic textbooks
i am telling you those are all lies, its kinda funny isn't it that inflation was under control, until the geopolitical shit in energy markets kicks off
if we take your view that inflation is a purely monetary event that is completely devoid of real world influence then explain why
inflations was elevated but under control from the coof until autumn 2021 and then all of a sudden in autumn and winter 2021 all this inflation decide to all of a sudden all appear all at once in the energy prices and then downstream of energy everything else started escalating out of control
kinda odd isn't it
the media is distracting you with saying oh it didn't happen in one go right at the day of invasion, completely ignoring preparatory moves on both sides long before the war

but i can see arguing with you is pointless as you stick to your arguments so let future reality determine who of us is the fool
my statement is inflation is utterly irrelevant to CB policy now and will only come down if either a large cohort of users gets kicked of the markets (this is famine) or new energy supplies get brought on market
what counter point in CB policy over inflation would you like to bring forth as your success criteria?

>>49867709
You won't hear NATOniggers give a rational response to this because they know this proves the 'muh Russia evil' narrative wrong.

>>49868594
>As a result, the EU recorded a €15.8 bn deficit in trade in goods with the rest of the world in February 2022, compared with a surplus of €21.4 bn in February 2021.
omegalul

>>49868700
> a large cohort of users gets kicked of the markets
right
> (this is famine)
yes but also
> 90% of EU retards got the death shot

Don't know eh, but one can dream

>>49868596
severe midwit approach, sanctions against russia started long before the day of invasion
or again explain why inflation all of a sudden decide to show up right at the time of geopolitical moves

>>49868594
>The European Union recorded a trade deficit of €43.6 billion in April of 2022, compared to a €12.6 billion surplus a year earlier
KEK

>>49868006
>you did not read the last part eh?
no, i didn't bother after you confused rate cuts with rate hikes lel

>but on the long term the base line of money supply moves up.
it has to - we produce more items over time, more land is being used for development than in the past, we excavate more resources from earth, etc.
if the amount of money was kept constant, prices of all products would just decrease over time due to their ever increasing supply. inflation has to be kept at low levels to encourage investments, as opposed to just holding money to appreciate in value if deflation was the norm.

>>49868746
well in this scenario the famine would occur mostly in third world countries and they get kicked back to the middle ages, so no noticeable oil consumption per capita anymore
see sri lanka and pakistan blowing up right now

>>49868748
It's called inertia you dumb fuck. Either you're a shill or you're actually retarded. Remember, the FED printed 1/3 of all dollars that exist today since 2020.

>>49868748
>explain why inflation all of a sudden decide to show up right at the time of geopolitical moves
guess reading comprehension is hard huh
> Almost as if it was made up as a reason for inflation AFTER THE FACT. Understand?
How convenient that a low intensity war that is going on since 2014 suddenly becomes news, right? Maybe after (((Zelensky))) suddenly decides to threathen Moscow with nukes and goes around declaring he wants to join NATO, while shelling russian in Donbass like there's no tomorrow. You know, like they've tried all they could to wake the bear at the right time.

>>49868167
https://thewashingtonstandard.com/imf-director-admits-we-printed-too-much-money-as-inflation-reaches-record-highs-worldwide-video/

>>49868764
Yep, but that's not enough. The financial disaster they created requires either hyperinflation of a magnitude never seen since Weimar... or demand sequestration of the same magnitude. You know, like if 70-80% of european died over the next 2-3 years. Something like that.
Considering that hyperinflation will without a doubt make the normies very very mad, and when normies are mad their fucking evil plans are harder to execute, I tend to exclude they're going there - even if everything points to that.
With hyperinflation their talmudvision genjutsu will break as normies with empty bellies will start to ask some really good question regarding why's the case, and the anwsers to those good questions will inevitably lead to (((them))), and they can't have that.

>>49868700
I don't even listen to the media man. We predicted inflation in 2020 when the CBs started doubling the money supply across the globe.
Now it happened and coincidentally people are suddenly coming up with other reasons after it happened.

So "preparatory moves" already caused spike in oil which already caused 10% inflation? Delusional, look at this:

from october to january, inflation spiked 7 -> 10%, an increase of 42%

the price of crude from october to january WENT DOWN

>>49868167
'''
IMF Director Kristalina Georgieva did just that during a recent panel discussion hosted by CNBC. She conceded that central banks globally “printed too much money and didn’t think of unintended consequences.”
'''

>>49868902
i posted the graph which caused this and shows it clearly
but as i said before we aren't going to reach a concensus here so post what your success criteria is
what CB policy will tame inflation in your view?

same question goes to >>49868803

>>49866538
To 0.25% and that already made Italian bonds go up to 4%. It's catastrophic

>>49868968
I wouldn't be talking to you if I wasn't open to changing my mind.
What graph?

>>49868968
> what your success criteria is
what CB policy will tame inflation in your view?
None. They shat the bed so badly that there's no salvaging the economically fucked up system they've created.
They would need to raise interest rates a la Volcker, or worse, and that would still take very long to get inflation under control. In the meantime, people starve.
They know that, and they're setting everything up for implosion. I guess they're hoping for a controlled implosion but I don't see how that can happen.

>>49868976
Nobody is talking about this in MSM. Nobody. They're discussing how to prolong the 25 eurocent/l discount on gas and diesel by (guess what) more public debt thrown at it. Just think about that.
They know they don't have much time. They're trying to stretch it out for as long as they can.

>>49869020
see
>>49868700
it all started with nat gas prices in europe going nuts as markets understood there is no alternative to russian supplies, the dutch ttf data feed is the best one i got access too, if there are any bloomberg terminal chads present with better graphs please do share
the oil price only started escalating later

>>49869027
fair enough we concur at the end point of this madness, this shit is fucked and the puny rate raises don't do shit

>>49868362
>Remember, this is not a tragedy or a natural disaster, this was a carefully executed plan and the people that thought it out and executed it are now telling you to get fucked
It's amazing more ppl don't see this. It's why they shut down all nuclear plants at the same time this whole thing started.

>>49868574
Yea I know about it, I simplified it because I was in work. People responsible for this shit should be put on trial alongside their families and publicly executed

>>49867556

>>Interest rates do not correlate with inflation

Hello Erdogan didn't know you used /biz

>>49869105
but this graph is for gas, not oil/fuel.
gas is not used in products across the board and would not explain price increase across the board.

>>49869124
You know, I sometimes really wonder: do they think they're getting away with this scot free? They really do believe that amid economical destruction with no precedent, famine, potentially loads of people with VAIDS or such, they will just go on TV this winter and say "whoops too bad, well, deal with that peasants" and retire to their mansions unscathed?
Are they counting 100% on no reaction? At this point, after 2 years of covid tyranny and nobody batted an eye, I'm not so sure they're wrong in counting on that. But still.

>>49869211
because of democracy, absolutely they do
rule for only a couple years = no responsibility for the fallout

they're all just actors lining pockets. It will not change until we go back to some form of monarchy

>>49869123
When they said that late january I was like "well, this is it. They're going all in".
Normies meanwhile just watch niggerball and ask when next big brother edition starts.

>>49869211
>Are they counting 100% on no reaction?
They count that the cattle will vote for party B instead of party A, and all will continue with business as usual

>>49869267
Again, not saying you're wrong. But sit down with me for a sec and imagine:
> be normie
> be completely oblivious of what's going on
> lowkey despise government but that's it
> winter comes
> no power
> no food
> no normie distractions
> nigger gangs roam the street looking for shit to loot
You REALLY don't do shit even at that point? Because that's where we're going

>>49868574
'''
Also in May 2021, Salvini sued media magnate Carlo De Benedetti for defamation in Cuneo, Piedmont. De Benedetti, who is Jewish, had called Salvini an antisemite.[176]
'''
/pol/ is always right.

'''
In October 2021, Salvini's second trial on migrant kidnapping charges began in Palermo, Sicily.[177] The American actor Richard Gere was called upon as a witness by Open Arms, since he had gone on board of their rescue boat in an act of solidarity with the crew and passengers.[178]
''''
(((Hollywood))) sent one of their whores to do some propaganda. I don't blame Richard Gere, if (((they))) had me on film raping children, I would also do exactly as told.

>>49869188
not in first order no, but it has spill on effects throughout the economy
in europe thanks to green retardation gas is directly linked to electricity prices which exploded lockstep with gas, which send production costs into the sky
between gas and electricity a lot of the chem sector was already curtailing production by dec, nitrogen fertilizers were already in production deficit before 2022 because of this
then once gas becomes unpayable everybody that can starts substituting for every other fuel source sending their price to the moon
and then when the war arrived oil itself became supply constraint and that exploded up

in europe gas is the more important base price whereas in the usa its oil, its just a result of how your entire energy structure is build

>>49869290
Imagine thinking there's a political solution to this mess.

>>49869326
Have you forgotten about the Floyd riots? Whites were locked inside their houses, weren't allowed to have funerals for their families, couldn't visit relatives on hospitals, while niggers and browns were looting and burning cities. And whites kneeled for these people.

>>49865359
A lot. The ECB has given up on Club Med and activated Japanification mode through spread control and QE infinity. As always, Club Med will not reform and will take the money with both hands spending it on trinklets and frivolities. In the meantime the euro will decline to a soft currency which is disastrous for the EU which has become (and this will be worse as companies are bullied abroad by state capitalism) a major importer (mainly energy). Welcome to the EUSSR. A Union of losers that will take every crisis to enact more financial repression. It's a shame, it was a good initiative but they overplayed their hand.

>>49869405
And burgers have weapons. And they did nothing. It's just madness.
This time though whitey will not have the luxury of working from home and social posturing online while the world burns

>>49868976
This. Even raising to 0 puts spreads on fire. In the meantime the Italians will never accept any form of conditionality. Only a full fledged tranfer union, either fiscal or monetary (which we had for a while now) is good enough for them. It is a disaster.

>>49869100
It is in the MSM but just not clearly. Nobody knows that what the ECB is preparing now is a de facto transfer union. Selling Bunds to buy shitloads of Italian debt? Spread control? We all knew this was going to happen but even now? We are not even at fucking zero yet. The situation is much worse than I expected.

>>49869435
>This time though whitey will not have the luxury of working from home and social posturing online while the world burns
watch us lol.
And floyd riots didn't just happen in America, they happened in Europe too. Even in Poland

>>49865359
Hyperinflationary Depression

>>49869528
> watch us lol.
I'm included in that. Lel. And I'm in a very very safe and off grid place. So really, their problem.
But it is going to be a problem.

>>49866467
The original idea was that the single currency would ensure convergance (the economies would start to look more and more alike. Also regarding cycles). In fact we have divergence. The access to credit that came with the euro for Southern states should have been used for productive investments. Instead, it was wasted. It's more and more a sunk cost falacy.

>>49866613
France was jealous of the Dollar Milkshake Theory. They wanted MMT from the get go. Note that France hasn't had a budget surplus since 1974. In essense it has never adhered to the EU treaties. The French government spends more (as percentage of GDP) than the fucking USSR.

>>49869430
Spain is gonna get an EPP government next year. They'll do the EU and WEF's bidding like obedient slaves.

tl;dr gimme a summary of this faggotry in here

>>49869211
Europe is nothing but leftists on welfare and shitskins commiting crime, there's no unity for an insurection. The only ppl who want these criminals punished are right wingers, but there's very few if us. When was the last time you heard leftists discuss the criminal financial institutions? Leftists can't touch the (((bankers))) because that has been a rw talking point for more then a century, the nazis had them as one of their main talking points. The left can't touch the subject without proving nazis right. Another reason is that the bankers print the money for keeping leftists and nonwhites on welfare.

>>49869666
Nice digits.

Well yeah, its the only option. Thats the problem with the system. Italy, Spain, Greece, all proud people, will be made into debt slaves. If you think the next round of bailouts or handouts are going to be no strings attached then you are wrong. The Northern electorates won't stand for it. No taxation without representation. This is how you set up a fucking civil war down the line.

>>49869274
>Normies meanwhile just watch niggerball and ask when next big brother edition starts.
The final redpill is that the elites are right about normies, they're all 100% cattle that should be kept in slave pens. Seriously, I'm not trying to be edgy.

>>49866187
Lagarde is a convicted criminal and not even a banker. Two reasons why she should not even be considered for the position. The same with VdL; a failed defence minister from Germany. She wasn't even electable for Commission Chief. They made up a position during the elections for that absolute retard Frans Timmermans who was electable. With electable I don't mean through direct democracy of course. We can't really vote on these people. They are government workers and nothing more.

>>49869330
>this quoting
how are you this new, you absolute nigger
back to your third world shithole

>>49869528
>And floyd riots didn't just happen in America, they happened in Europe too. Even in Poland
What? Just because we got few demonstrations that some brainwashed zoomers participated in doesn't meant we got riots. Your cities were in flames for at least half a year

>>49869405

And for some mysterious reason, immigrants did not have to take the vaccine, they are magically immune to Covid.
https://www.foxnews.com/politics/psaki-grilled-migrants-foreign-nationals-vaccine-requirement
https://www.reuters.com/world/refugees-lack-covid-shots-because-drugmakers-fear-lawsuits-documents-2021-12-16/

>>49867141
Also note that the US debt is federal (the US is a state). While in the EU each member state is liable for its debt (hahahahaha well thats what its supposed to be at least). Greece is above 200%, far higher than during the eurocrisis. Italy is also far above the eurocrisis level.

Tell me, would you borrow money two these states which have a notoriously weak governmental system and are poised with near eternal political crises at the same rate as you would borrow money to the US? Which at least has some form of stability, is a military powerhouse and has the dollar as reserve currency? Come on. Interest rates for Italy should realistically be at 7% or more. This is reflected in the fact that the ECB is the only buyer of Italian debt (110% of emissions since 2020 if I am correct). Nobody is stupid enough to buy BTP's except for the ECB. Using spread control the ECB will double down now effectively buying all future debt of Italy. Who owns the Central Bank balance sheet? All member states of course. We are all made liable for policy mistakes of the Italian government. Its absurd and illegal in all treaties. I hope Karlsruhe gets its act together and nips this in the butt.

>>49866638
Doesnt explain why they wouldnt rather go for nulcear, oh i know, boomers fucking fear nuclear to the point they would rather starve and freeze to death

>>49869805
I've been on 4chan long before /pol/ and /biz/ even existed, I use > only for users.

>>49868925
Is the 'it's not because of the money printing' fag going to answer this one?

>>49869326
As they say:
>we are always 5 warm meals away from revolution

Isn’t everything cramped in that shit hole continent? Just ride bikes morons.

>>49866297
This is what happens when fiscal policy does not follow monetary policy

>>49868322
>debooonked
source?

>>49866467

>One Ring to rule them all
>One Ring to find them
>One Ring to bring them all
>and in the darkness bind them

>>49870445
who are you quoting

>>49870135
Guess not.

>>49865359

>>49868294
>liek i said there was transitory monetary driven inflation

why, I didn't know you posted here, Janet

Anyway, both things are related, and both things are fully intentional and by design. They are both intented to have a cascading effect and it's working out perfectly for the usual suspects.

>>49867141
Off course there is more confidence in european debt to be repaid.
This is why the 10 y yield is 1.77% for germany, 2.33% for France yet 3.28% for the US..
Yields are exactly a reflection of market confidence in repayment.

>>49869921
An involuntary good point you raise.
US debt is federal. There's also state debt.
The eurozone only has state debt.
So the eurozone state + fed debt is still 92% of gdp but US state + fed debt is like 160-180% or smth.
Big difference.

>>49869921
also Italy has about the highest gold reserves to GDP in the whole world.
Maybe Russia or Switzerland do slightly better.
But it's 4x that of the US.
If the US we're sitting on a pile of gold or 30000+ tonnes, the bond markets would be more at ease.

>>49871443
>gold
soooooo....buy silver??
how do I survive

>>49870135
imf lies to your face all the time, what do you want me to say
don't tell me you believe press releases from them

>>49867462
Yeah but PLN is going straight into the dumpster as we are speaking.

>>49869954
The decision to shut down German nuclear plants was made in early 00s. The plants in question are old, and maintaining their operation is potentially dangerous, hence the closure. Environmentalists also don't want another human-error nuclear catastrophe. It's not like they closed down perfectly good stations suddenly and for no reason.
Of course the actual shut down happened during the years of significant power consumption increase, with Yurop not getting enough renewable sources ready. Russia took the opportunity to fuck shit up in Ukraine, knowing full well that all the western cucks will continue to import their carbohydrates at extremely inflated prices since they literally have no choice.

>>49868167
>you cannot cancel the largest fuel, mineral and food/fertilizer exporter without seriously breaking things
Inflation was already skyrocketing months before the Ukraine war.
IT IS NOT LE HECKING PUTLER INFLATION.

>>49871606
Oh so the IMF is 'lying' when they admit they destroyed the world eco by printing money. That's some intresting cope you've got going over there.

>>49869405
well to be fair we were all well fed back then. i mean, literally.
it wasn't the end of the world, just a huge amount of noise.

>>49871988
this has been said several times now
i didn't say there was no printing inflation, i stated that the current runaway inflation coincided with the energy sanctions against putin
look up the graph of inflation the inflection point where it went from 5.4 to 8.6 was oct which correlates nicely with the runup in european gas prices which happened because both sides sanctioned each other before the first tank rolled across the border
let me post both graphs together so slow people like you can get it

and this isn't le putin inflation, this is brandons inflation

>>49871957
>The plants in question are old, and maintaining their operation is potentially dangerous,
Just like the virus, that was never proven to exist, was dangerous right.

>Environmentalists also don't want another human-
And by 'environmentalists' you mean the NWO that is pushing the green agenda. Interestingly nuclear power is dangerous only for white civilian use. Our leaders don't complain when western DUMBS are using it and the chinese don't think it's dangerous.

>>49872148
Niggers burning down your cities, demanding reparations and welfare and for white people to tolerate their anti-social behavior, looting stores with police tacit permission, attacking white people because they are white, tearing down statues... all this while receiving government protection from criminal prosecution is not noise, you coping mutt, it is a very dark omen to what is coming

>>49872144
when the inflation from printing happened, they told you there was no inflation because they were still printing
now they stopped printing and tell you its because printing but look we are doing something about it
in reality its because sanctions but they divert the blame because sanctions are still ongoing
when sanctions are lifted they will say it was because of sanctions sorry we didn't know, unintented consequences etc but don't worry we are doing something about it

its the same playbook over and over again and look at how effective it is by the replies in this thread
and yes anon all public utterances from the imf are lies and cattle husbandry

>>49868302
>2008
>*1929

*235

>>49872273
>it is a very dark omen to what is coming
It amazes me to no end that non right wing whites don't see what their (((masters))) are preparing for them in plain sight.

>>49869752
>italy and spain proud people
They are small, greasy and sweaty shit tainted hairballs. Like the ones that hang from an jungle niggers ass hairs...

>>49872222
>and this isn't le putin inflation, this is brandons inflation
Jesus christ imagine being so willfully blind to the incompetence of the EU monetary system that you are now blaming Biden because people realized that it's not just le hecking putler inflation.
Maybe start looking at the European heads of office and bring back the guillotine.

>>49872469
altho i agree that minecrafting ever single member of eu parliament is a good start, in this case its 100% us deep state who is behind it
they forced the eu to commit economic suicide to take out a competitor
it was brandon himself who during a visit to germany said that he himself will shutdown northstream and so he did
germany and by extension the rest of the eu is fully vasalized to the usa now, just taking orders and yes i really do hope the disaster that next winter will bring will cause riots but i don't have high hopes for the sheep after they accepted covid

>>49865537
yeah slurping that milkshake

>>49869635
Yeah not really mate. If there is ONE country that wanted to maintain the gold standard and monetary sovereignty in the 70s, it was France. Gone are the days when its government cared about the will of its people.

even the swiss national bank tightened, what the FUCK is the EZB doing

>>49873351
They can't raise or PIGS collapses.

>>49871859
Yeah but adopting euro has the same outcome. We should cut our budget, lower taxes and deregulate doing business. That won't happen tho, our population has below 60iq and 2023 is election year so the printer will go brrrr

>>49865566
underrated

>>49865359
Choose your fighter:
>ECB don't raise the rates fast enough. Inflation runs on the UE.
>Raised rates. National debt of PIGS grow exponentially.

>>49869575
Exactly. The thing Is they thought they'd get rid of specificities with convergence and therefore manager to achieve prosperity.
Except every nation is different in term of tax policies, social policies, economic infrastructure. some are more liberal, some other are more social. it was a failure before it begins.
Each nation its policy, its infrastructure and its currency. Period.

>>49869359
not really convinced since truflation tracks US prices which has no such link, I think your view doesn't really fit the events, either in practice or theory

>>49872346
Fug, where's Aurelian when you need it?

>>49872346
>tfw based diocletian at the end of the tunnel
Two more weeks TRVST THE PLAN bros

>>49874112
Raise them moderately and wait it out, no other option. Relief for PIGS but under budget surplus no questions asked. No surplus get the fuck out, simple as. I'm spanish and I say no mercy

>>49869211
>You know, I sometimes really wonder: do they think they're getting away with this scot free?
They aren't they? Yellen just went out and said exactly that. Whoops. And nothing. Not a peep of concern.

>>49873260
Becautiful how not joining the euro worked out perfectly fine for Sweden and Denmark. I'm Dutch and ''rational/pragmatic'' people fear monger a lot about leaving the euro.

>>49865359
Italy extreme drought couldn't happen at a worst time

for the sake of Europe we must seize Italy and liquidate all their assets

>>49873351
Italy, Greek and Spain would bankrupt killing the euro for good.
They literally have no idea of what the fuck do because if PIGS dies they can't avoid going down too

>>49865632
Not even surprising yurops are a bunch of coalburners

am I being naive if im currently all cash just waiting to slurp up assets? Im eyeballing some plots of land and cars when the recession hits
I just dont see how we can collectively avoid it

We should have went full nuclear 30 years ago

>>49879217
>I just dont see how we can collectively avoid it
Tons of inflation is how we can collectively avoid it. Not saying it will continue but it's a significant risk.

NOT LAUGHING NOW ARE YOU?

>>49879158

>>49865359
>m-muh rates
>m-muh debt
Who the fuck cares, considering inflation, real rates are now even more negative than they ever were. It's State's wet dream.

>>49865359
everything is going down the shitter because EU and NA politicians are clowns.

>>49865359
Your proper fucked. You Politicians have destroyed your access to food, fuel and consumable goods while flooding your with violent browns, after disarming you. Your soul better belong to Jesus because your ass is grass.

>>49882202
Their Clownishness is completely intentional. Klaus doesn’t call it the Great Reset for nothing. You see anybody trying to stop, or even slow, it’s rollout? I don’t. Even here in the States, our Congressmen have to make a vow to Israel when they are freshmen. Hope you like Bugs.

>>49883706
You're overestimating them, vastly

>>49866342
>*drags on cigar*
Well now boys - lookie here, I say I say, lookie here now boys. Seems that we have got ourselves one “buck” that has forgotten his place oncemore and requires a-breakin’.
>*the amphibian plantation owner smuggly glances at your bulging negroid eyes*
Now now, you silly little negro it would appear that you have become emboldened to disobey us and we simply cannot have that because it goes against the natural order… You see, negroes such as yourself simply cannot comprehend the intricacies of our modern industrialised world. You negroes are what we refer to as an undeveloped hominids, you are simply lesser than us normal folk. It is precisely this inferiority which drives your negroid mind into absolute madness and why the breakin’ process is so important.
>*fingers snap as a group of well-endowed Ulster-Scotsmen undue their britches and surround you*
Alright now boys, ain’t none of us enjoy what must be done, but we all know the ramifications of our inaction would surely doom this precarious balance we currently enjoy. My goodness gracious me, men the negroes actually appears to be grinning a bit, perhaps he has come to enjoy the breakin’ afterall – we musn’t wait too much longer now. Poor little negro, too stupid to be amongst men and yet too erratic to survive in the animal kingdom. Just bend over now, I say I say, just bend over now boy and we will sort it all out.
>*the animalistic howling of a broken negroid echoes across the southern plains*

>>49866551
coal is so much better than wood in an energy crisis

>>49865632
>Guys it's fine we'll just burn coal to survive

REALLY putting the poor in europoor here buddy

>>49869921
Texas is literally introducing a bill to secede. Dumb mutt.

>>49867325
>climate change
Bullshit.

>>49865359
I dunno, you tell me
Also,
>Will Anyone Tell Europe The Age of Cheap Living Is Over?

>>49867836
he was being ironic, dumbo

>>49865359
>eurofag
ngmi

Got any skills to get H1B?

>>49866040
>>49865926
>>49865632
>coal
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5542072/

>>49866467
>Zoomer here, what was the point of introducing euro as a currency for different countries with vastly different economies?
The usual scam. In short makes Germany products, rest of Europe consumes and gives fresh printed money in return. German capitalists buy anything in Europe with that money and the debt will burden any taxpayer who can't flee.

Meanwhile UShithole reacted to Berlins 4th Reich attempt, killed German economy and start a migration flood. They won, Berlin lost. Now we are facing the next after war crisis.

>>49873260
yep, despite most things, France is the most based country in the EU, monetarily speaking.

>>49865448
This shit is beyond fucked up

>>49870445
>ITS LIKE MY HECKING KINERINOO

>>49865908
the leftist ideological brain rot is like those parasites that drive mice to kill themselves

>>49869211
Look up the pfos scandal in Belgium
Politicians were actually poisoning their citizens in exchange for bribes
Now you aren't allowed to eat home grown eggs or any crops grown outside

Not only wasn't there any protest the politians responsible are still in power and didn't lose a single vote
Europeans are cattle, you can go door to door shooting them in the head and they still won't resist, actually pathetic

>>49865926
They much rather we use coal than nuclear.

>>49866352
Yes they are, in many ways thanks to green parties. "NUCLEAR IS EVIL!" "But what should we use when we need energy on demand?" "SOLAR AND WIND!" "That's not on demand."

>>49871957
>i shut down my existing power plants before having replacements ready and my enemies took advantage of this
>how could this be happening to me?

>>49890477

Why do Germans always have to be so evil AND dumb?

>>49890952

Nah, just use natural gas instead of coal. You can't even see gas, so it might as well be green energy, while coal is yucky and dirty looking, and looks bad in PR photos.

>>49891120
Not enough gas to go around, since EU imports a significant amount from Russia.

>>49879158
Mutts law never fails

>>49891141

Seems like certain people didn't think this one through

>>49865359
11/10 Germany will be broke EOY

>>49865400
>implying the current globohomo groomed EU political leaders are anything but American meatpuppets

>>49891100
Germans are fucking retarded, but to be fair it was France's idea which backfired on them with Germany taking their place as king turd of shitmountain.

>>49866657
>the thing that changed is that they are using way more coal than usual and ironically have to import a part of it from Russia.

>>49865359
We are down to be straight but it's a good time to buy. Don't let shit posters fool you around. The future is bright and you can see projects like Secret Network offering financial help to developers. Tells you there's more growth in web3.

>>49892755
>shilling crypto in a geopolitical thread

>>49878744
should I move my money out the bank?

Europe has hundreds of years of history of being struck down and bouncing back again. This is absolutely nothing.

>>49865632
>coal
Greenniggers will riot and shut it down before you could even recommission a coal power plant

>>49865400
American oil and gas would be about 40% more expensive, so yeah... They didn't have a choice on that matter amerilard.

>>49893216
european union is not europe you dumb niggerino

>>49865908
They'll push until we start gasing again and make Europe a fortress

>>49866636
Ummm sweetie, those nuclear wastes take like 20,000+ years to decompose and they irradiate and pollute the living hell at everything near them.

>>49893400
>European affair
>posts US poll
Yep, seems like a desperate Russian shill who still isn't allowed to call Russia's unprovoked invasion of Ukraine a "war".

>>49865908
Western European countries, and lately many eastern too, are American imperial provinces. And by American I mean (((American))).

>>49879158
>this coming from the mutt
Your daughters all get fucked by BBC because they consider it exotic and "sexually esperimenting and finding myself", then they settle for you cucks.

>>49865908
Hmm... almost as if (((someone))) was doing it on purpose...

>>49893527
I assumed you're an amerishart since you're so fucking clueless about basic stuff

>>49865359
We might be but we will come back strong. I'm actually picking my favourite token in this market condition. I pick Lox solving the problem of mobile theft and blacklisting IMEI.

>>49866361
Fuck off niggerjeet

>>49868457

>>49865359
American banks should have gone under in 2008
Deutsche bank should have gone under in 2019
They keep delaying it, now it will be much worse.
Add some pandemics and wars on top for extra pain.
All planned.
The new system will implement new control over world populations.
Money == Control.