BBC blame French riots and fact Germany grinding to halt.
I.even heading into reccesion.
But they fail to mention it'seems also due 2 Trillion + money printing stoping and prospect 3 Million jobs lost if hard brxit.
Which is more worry
Are we ready boys.
Make this Saturday the end of Eu of Macron.
Save use all france .
get fucked kraut
not spending any money in kaufland this christmas
put any extra euro you have into pounds.
we're going to the moon fritz. buy and hodl.
Make this Saturday the best Saturday
But the pound is going to collapse. Buy the dip.
They're all going to collapse and the Israeli shekel will reign supreme.
Oh no, that sucks.
OY VEY NOT 1%
DON'T WORRY GOYIM WE KNOW HOW TO RUN THE ECONOMY FOR YOU!
This Transfer you money to pounds before to late.
Saturday one be wild ride.
>tfw went 90% into dollar in January
Fuck the Euro
This is what happens when you try to force lots of different nations with different GDP etc to share a currency
UK LEAVES EU AND EURO CRASHES EVEN MORE WHILST BRITAIN SOLDIERS ON AND THE POUND RISES TO UNPRECEDENTED LEVELS GOD SAVE THE QUEEN AND DEATH TO THE HUN
Wait wtf is it really happening?
OH SHIT IM GOING TO PROTEST EVEN HARDER TOMORROW THEN
That's literally what the EU wants: A cheap Euro. That's part of Draghis plan
WHY IS HE DOING THIS?
>euro does a completely normal daily movement
>revolution
niggers the pound is in free fall since more than a year. I wouldn't touch that shitting paper with a ten foot pole till it reaches 0.8
Germany is half way to reccesion anyway and we been running on debt and printed money.
We printed more money then toilot paper.
This has just stopped
macro policy is changing ~
Pound has gone up to day as well
DEATH TO THE EU , GOD WILLS IT
Save us all French frens!
Guess who will be paying for the bailout haha
I thought there are ways to stabilize currency? I'm a bit familiar with how you can just "freeze" it at a certain number. The French government obviously does that, as falling currency adds up to bad headlines.
Good luck Germany is heading to recession with massive pension deficit and benfits deficit.
Future is bright. Haha
But you want cheap pound so you can actually export shit. Euro going down is only good for big exporters like Finland and Germany.
Nice union you've got there Angela. Would be a real shame if it were to be crashed with no survivors
It's a hole that can be plugged with a few more rocket scientists, doctors and engineers from Juba Polytechnic.
Eurocucks btfo!
Fuck this shitcoin.
almost at parity with USD
bitcoin will rally above 20k given strong dollar and capital flight from europe and or china
get fucked euroniggers
we're crashing the EU with no survivors
Ich glaub dir Schatzi 100%
Nope in reality there draining the benfits dry which adds to pensions deficit.
Bitcoin is a meme, not a currency.
lmfao
why is luxembourg receiving so many gibs, i thought they are a rich tiny country
are they the secret EU massas?
>France burns for a fortnight and 3/4 of the countries that use it are bankrupt - Euro drops by 1%
>Mention we're leaving the union with said bankrupt countries and planning to trade with the entire world instead, Pound's arse falls out completely.
Fuck globalism.
If the EU crashes how badly is shit going to hit the fan. I give it an 8 out of 10 on the happening scale.
rich because of GDP per capita, the thing is it is an undue method of measuring wealth, the famer and worker is not rich because the big banks' saldos have been added to the GDP figure and then broken down to everyone.
t. Salty nocoiner
Were going 10/10 its the start of a new era built from the ruins.
ive got by piggy bank near me i will ride it to the moon
Several big EU agencys are housed in Lux, so they get a lot of money from them
Euro will trigger a global collapse. Im ready
When France sneezes Europe catches a cold.
Elites run currency exchange
But in reality £ dropping boosted uk tourism and Manfactureing slightly.
And made spain greece france Italy tourist Manfactureing industry suffer.
Low £ is worse for europe as means less exports to uk less uk tourists.
They can not win vs uk.
In fact strong £ hurts lot uk sectors
>Finland
>Big exporter
What? Do you know something I don't?
Your reaction when the EU is destroyed.
Euro nations which are on the brink of economic collapse:
>Greece, Italy, Spain, Portugal
Nations which require a bit of a push:
>France, Ireland
Nations which are "healthy":
>Germanistan, Netherlands, Belgium etc.
If the next recession is half as bad as 2008 it's going to a meltdown. Expect new currencies.
Is that a case of deliberately submerging a sinking ship?
Most people in Luxemburg are the peasant class you never hear about when watching the kings speak.
>Transfer you money to pounds before to late
[rubs hands intently]
If we don't export we're dead. Our economy depends on exports selling.
Old currencies, my friend.
Germany was - last quarter. We are almost half way to recession now.
Tell me how we grow when are population is in decline.
qz.com
>/even-all-its-refugees-cant-help-prevent-germanys-longterm-population-decline
That's quite insane. Either Germany ceases to exist so the economy can survive or the economy crashes and Germany wont survive. Man they really dropped the ball on Demographics. Too busy milikng everyone for labor and encouraging work over family.
Idiot, devaluing currency means it will be easier to sell EU stuffs around the globe. It's a good thing.
Still, the EU will soon collapse due to Deutsche Bank
Looks like trouble. The euro zone was a mistake.
Most of these look awful, what the fuck Netherlands
Yes amazing if you own a factory with 800 workers. But I guess that ain't any of us in here.
t. Keynes
They were physically bigger than euro bills, and far, far more colourful.
The red is actual red, not this gay faded tranny-flag red.
>bigger than euro bills
That's a big currency
Because the USD is the world reserve currency, the fed becomes the defacto world bank. When he fed starts tightening the supply of USD that every bank in the world keepa in reserves to perform international transactions, it will potentially slow down the global economy along with the US, but since the global economy is worse than the uS the slow down will be dramatically worse than the US
but it makes the import of goods and raw materials more expensive.
And the Deutsche Bank will be bailed out with tax money as usually.
Yeah no shit.
Whenever someone says "devalueing is good for X" you know they're a monetary crank.
Think about what fucking with the money supply does for the economy. All it can do is redistribute goods from one party to the other in some underhanded way. Devalueing is just a sneaky way to transfer wealth from the people to the elite.
Depends on whether you want to import more or export more. If you want to import more external currency, have a weaker currency and you get more expenditure coming in because it's easy for foreigners. This is what it's like to visit 3rd world countries as an American where you can buy stuff for pennies.
If you want to import more, then you want a strong currency so you can buy up other peoples' shit for easy.
D'accord
how good is your German?
yeah - but: Germany had a strong currency, the Deutsche Mark, still it was one of the biggest exporters.
I think you already explained how that makes it easier to import the raw materials so you can turn around and sell value-added production. The real question is why you haven't been using this industrial advantage to fix DB instead of just letting it run wild.
I thought Germans were disciplined and good at things.
Exactly
Don't let your dreams stay just memes
We don’t export things though?
>I care not who controls the money supply of Earth. He who controls the memetic supply controls the money supply AND I CONTROL THE MEMES
30 million Germans will be retired in less 10 years.
Then you got all the people on benfits or disabled on top not working.
It's probably gone be over 35 million people taken out system not working.
Best business to be in Germany future is grave digger
You export infinite rehypothecation for the financial industry through the City of London Corporation.
>depends on wether you want to import more or export more
imports = exports. This whole import vs export stuff is crank theory. Whenever you import you also export and whenever you export you also import.
In an economy with commodity money this is more clear. Whenever I import I export the commodity and vice versa. With currency this becomes more opaque but it is still true. I buy a pair of shoes from the US with euros, those euros must be spent in the EU. I buy a pair of shoes in the US, I spend dollars which I bought with euros.
imports = exports.
Not bad but not great.
A currency can be used to buy products at your local grocery store. BTC cannot.
A resource like gold can be used to manufacture goods in a factory. BTC cannot.
Good luck with your virtual boxes of worthless data!
yeah, I just wanted to mention the Italians should not fear a strong currency - they still could be good exporters.
>I thought Germans were disciplined and good at things.
That is one of the biggest tales existing. Everything is a patchwork of organized chaos and improvisation overhere.
Europoors be 4ever poor.
No, it's not really a crank theory at all. What you said is so vacuous. Do you know what the word "arbitrage" means? Why are you invoking "commodity money?" They so-called money is already commoditized 100 ways to Sunday.
They point is not to figure out how to stick two lego blocks together. They point is how the difference in the value of two currencies affects the balance of trade. One way you get sucked dry, the other way you suck somebody else dry.
They should fear a strong currency if they don't have any and can't earn any.
The value of gold does not come from its uses in industry, although they do exist. The value of gold comes from its use as a globally recognized store of value. There is nothing stopping bitcoin from taking that place.
In fact, any characteristic that gold has that makes it a good money, bitcoin also has. The only benefit that gold has to bitcoin is that it is analog, which is useful in the very specific case of a global loss of power. Barring that scenario bitcoin is superior. Much safer, much more portable, much more easily transferrable.
>Btc cannot
wrong.There are multiple prepaid debit cards to pay in whatever store. Bitpay card and monaco are two of many. Never had an issue with them paying anywhere you can pay with any other debit or credit card
Market cap matters. If buttcoin is a small market (and of course mostly manned by dupes) then it's easy to take a more powerful market, probably backed by international coalitions of power and the law, and run it all up and down.
I'm not anti coin, but you're retarded and drawing unsubstantiated parallels.
you see - that's why they should both create and earn good money.
I'd trade goods/services for a dank meme over $5 anyday
LETS GO EUROANONS DESTROY ALL INFRASTRUCTURE DO WHAT AMERIFATS ARE TOO LAZY TO DO GO CRAZY
the euro is a German meme
>Make this Saturday the end of Eu of Macron
>Save use all france
looks bleak
micron done them goofed with his 100€, plus the terrorist
and YJ went full potato with the last "official" revendications
eg, less taxes, but only on water, food, natural gas, electricity, gas, but without touching to the cohort of gibs and shittiest tier state "services" (yeah, it's gonna change much in a country with 70% fiscal pressure)
plus creation of a civic parliament (yeah, we kinda have that already, numbnuts, and it's already complete shit)
plus making referendums not consultative but decisive (not idiotic in itself, but we pretty much never have referendums anyway)
and cutting on representatives advantages (not idiotic either, but a drop in an ocean of piss)
seeing that, YJ will prbly more or less slowly rot and vanish
sad, but high energy is nothing, with very low IQ
one of the best economists right now
youtube.com
> down less than one percent
> "collapse"
>Only benefit is gold is analog
Bitcoin could be overtaken by another coin, gold can be transacted for instantly without government scrutiny
Germany is taking over the european mainland with the euro. It's over for entire europe. Slowly but surely this monster ctulhu currency will swallow everything from the russia to the atlantic
Well, just import more doctors, lawyers, and engineers, and then maybe Germany and Greece will come to an equal level of productivity where it makes sense to share a currency. That's good engineering.
"Free fall"
No. It was lower after the vote than it is now. It's also been back up to 1.31USD as recent as 6 months ago, stop talking shit.
Why is Germany trying to recreate Weimar in all of Europe?
It is crank theory. You are focussing on the effects of trade and trying to influence those to influence trade.
If I (as a country) EXPORT more, then by direct result I IMPORT foreign currency. Demand for my currency goes up as buyers need my money to buy, or because I sell their foreign currency for my own currency. This causes relative devaluation of foreign currencies to my currency. My currency becomes worth MORE. Naturally this leads to some equilibrium where a further increase in exports cannot happen.
The monetary crank sees this and says "If only my currency stayed (((stable))). Then I could keep exporting". He devalues the currency by printing a fuckton and buying foreign currency, increasing demand for it and lowering the value of his own currency by swamping the market with it. Effectively giving away his currency to the world. The world then buys using this currency and exporting continues. The crank pats himself on the back for his genius.
Who benefits? The state: it buys foreign currency with which it can import. The exporter, his business continues beyond the market equilibrium.
Who loses? The people: their curency loses value. Their savings become more worthless. The products on the market become more expensive. Their purchasing power goes down.
Get your hands off my money you filthy (((crank)))
partly true, it clearly is a continuation of the German Mitteleuropa project, but having a common currency is rather a French idea.
Luxembourg is the tax dodging state of the EU.
I know this because my gf's dad is rich as fuck and he spent most of his life doing this.