Euro and dollar with no escape from the inflation disaster and the war in Ukraine.
Well, I insist I don't like wars, the suffering and pain they generate are incalculable, but for me this hypocritical stance of Europeans and Americans regarding Ukraine is more a cover than a strategy against Russia.
Cleaning a little the mental windshield with so much media bombardment around Ukraine, Russophobia and blue and yellow flags, the reality indicates that between the impossibility of reducing inflation, the brutal fall of the euro and the dollar together with the strengthening of the Russian ruble and the brake of the Chinese economy, we are on the verge of an economic crash that would leave in diapers the one of 2008 and 1929.
Never since the existence of the European Union and the United States have these regions of the world experienced such brutal inflation as today. Recently the German government admitted that its numbers indicate a 35% rate of price increase, something that many experts consider as hyperinflation. If this happens to the locomotive of Europe, there is little left for the rest of the continent.
On the other hand, debts are swallowing the world; there are no longer rich and poor countries, but indebted and heavily indebted ones. The problem is not getting into debt, what is dangerous is borrowing money to pay interest on previous debts, in this way the cycle seems endless but the party ends when it is impossible to refinance to acquire more loans (default).
Countries like the United States, Spain, Portugal, Italy or Greece dedicate more than 100% of their Gross Domestic Product (all the wealth they generate in a year) to pay interest on their debts, before it was only enough to increase taxes but now, not even raising taxes can cover the horrible fiscal gap that forces them to constantly request debts. The USA at least has the power to print dollars to infinity, but that strategy is reverting to them.
In an environment of inflation and unemployment asking people to pay more taxes is an unpopular action, and there is nothing more frightening to a politician than losing face with the people. Nobody wins elections if they are not popular, Biden and the European leaders know that, that is why the role of Ukraine, its flag and all the money flowing to keep it longer is necessary to cover up the coming disaster.
Russia will not back down: its currency has been strengthened thanks to its strategy of forcing Europeans to buy gas and oil in the Russian currency, that is not going to change, as well as increasing interest rates in the United States and Europe will do little or nothing to reverse the devaluation of both currencies against the ruble.
It is clear that for Europe it is impossible to get alternative suppliers of gas and oil, at least cheaply as they had with Russia, the African and Middle Eastern countries do not have the capacity to increase production together with the fact that Russian companies are present in the black gold business in Africa, therefore, Europe will continue to pay in rubles if it wants to warm up in winter if the war is prolonged for a longer time, in any case, if this continues, many Ukrainian flags have been distributed all over the continent to cover themselves and taste them.
Posted Using LeoFinance Beta
