Try to produce anything while paying 1$/kWh, you can't do shit. You can't move it, can't keep the machines running, you can't keep the heat on and you can't even effort the lights. It's fast-forward to the stoneage.
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yeah, and even if you produce something, its not competitive.
And euro becomes weaker because of this.
Weaker euro means more expensive energy,
means higher energy prices.
Hyperinflation will come. There is no way around it ( or 180° change in politics).
But do Europeans really say " we did everything wrong"
I don't think so. They will play the game to the end.
For real, key this is what's about to be happening.
March
wild guessing here, Euro will be worth 80-85c$, Markets will take over and capital from all over the world will start coming in, just buying everything.
This is IMO the most positive outcome. If the current people can hold I see socialism.
But you are right, that's possible.
IMO 1 Blackout clears everything from one to another day. But dude can you imagine how volatile markets will be?
Everything will trade like shitcoins.
Euro will be IMO 2 to 1 exchange for 1 USD IMO, if they don't fuck up in the US in the meanwhile :D
The first time those late-night fools will be right and none will witness it.
Yes, probably, we've been pouring hot lava fiat fun voucher into an artificially declining economy, and to balance that out, added a European War and some really good WEF ideas. That is what losing all control looks like.
Only time can tell eventually, I call the first deep dip for the second week of September.
IDK the timing.
But who knows? The worst outcome would be if people do nothing to the point there is no energy left with the mentality
"Everything is fine"
I mean a restart could be "?????",
And if a blackout should happen, we talk about multi billion $ damages.
But looking in the past, where will the tipping point be?
The press has started to prepare the peasants for their next opinion, "Left Party is requesting the stop of electricity exports." sub title down below "Germany is exporting more Gas to France than the other way around". I mean, even the level of speech is already full tard mode.
Countries will stop exporting electricity due to internal pressure and that is the tipping point. From there on EU is a joke and it's chaos on the markets.
but jokes beside, the time will be really bad for many people.
I mean really really bad. Without a real reason to burn Europe in exchange for nothing xD
Yeah look, we've seen it coming since last year. The level of stupid is just unbelievable.
Time to earn rewards for being smarter than the others right?
We'll see about that, my costs of living are very very very very reasonable. I really mean it.
Others will burn for years maybe and that will change society. It's brutal, but tbh I'll probably like the post-cash people better than the pre-crash noobs.
that's good. Only 1% RC left :) we use this like a chat, haha :D
It's rather threatened actually, with different strings of ideas and opinions mixed with MEMEss. Leo Finance would like to have an engagement like this.
that's true!
Bitcoin should be very centralized if Europe energy goes to the moon right?
possible 51% attack time?
could be very interesting with the "mining council in US"