The euro is in a much worse position than the dollar, which has been the subject of much discussion recently.
Europe’s greatest economies might be plunged into a catastrophic recession as a result of high inflation in the eurozone and the conflict in Ukraine.
Europe would face an economic collapse that has never been witnessed before if Russia entirely shut off the delivery of natural gas to the European Union.
Europe’s energy costs are already insane, and the Russians have the power to make things far worse with a single choice.
When Europe became so reliant on Russian energy, it put itself in a precarious position.
As a result, the steady decline in the euro should come as no surprise given the recent events.
For the first time since 2002, the euro and the dollar were trading at par on Tuesday.
I’ve been predicting for years that the euro would fall to the point where it would equal the dollar, and now that day has arrived.
To add to that, I’ve said that hitting parity with the dollar would be a negative omen for Europe’s economy, which I believe is already in freefall.
Everyone will be watching to see what Russia does next in the near future. This pipeline was shut down for 10 days on Monday so that repairs could be performed.
If the Russians do not turn the gas back on after the 10-day maintenance period, many Western observers are concerned about what would follow.
We’ve been warned that Europe may face a “doomsday scenario” if the power isn’t restored.
The European financial markets will go berserk if Russia decides it’s time to switch off the gas totally.
Europe’s electricity costs have already exploded, and to combat this, the German government has said that it would turn to sports events and trade shows for temporary “warming areas.”
Everything was supposed to be different.
The “green energy revolution” was expected to have transformed Europe by now.
That, however, has yet to occur and will not occur.
The U.S. economy is also showing signals of serious difficulties on the other side of the Atlantic.
We have learned that the number of house transactions that have been canceled is at its highest level since the outbreak of the pandemic began.
More and more people are losing their employment as the largest housing bubble in our country’s history begins to implode.
Last year’s real estate catastrophe was bad enough, but this time it’s likely to be far worse.
The current inflation figures for June just came in at another all-time high of 9.1% and that’s wildly understated compared to alternative media estimates.
Biden’s popularity rating continues to decline, and the Biden administration is out of control.
The Federal Reserve has also lost control and will significantly worsen this current economic collapse if they keep rising interest rates.
You’ll be disappointed if you expect our politicians to rescue us from the current economic disaster.
The long-awaited “monetary unraveling” of which I’ve been warning for so long is now being televised, and it will be disastrous. In every country, consumer price increases are hard to hide and people are taking to the streets to show their disdain for failed leadership.
People are coming to the streets in every nation to voice their disapproval of the ineffective leadership that has resulted in price rises for consumers, which are difficult to conceal.
It’s going to be a rough ride, so I hope you’re preparing as best you can for it.
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