The EU Is Doomed

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In this video, I discuss the inevitable break-up of the EU, as cheap Russian energy imports are no longer enough to offset the inflationary impact of ECB money printing.

The ECB is facing a huge dilemma: keep printing money and buying PIGS (Portugal, Italy, Greece, Spain) bonds to keep the union together, in which case they end up with so much inflation that there is serious social unrest; or stop buying PIGS bonds and let the EU collapse on its own.

Either way, the EU project is doomed without cheap Russian energy imports. Expect the return of the Deutschmark, Lira, Franc, etc by the end of the decade, and probably much sooner.

Not investment advice! Consult a financial advisor.

German's energy dependence on Russia:
https://www.reuters.com/business/energy/how-dependent-is-germany-russian-gas-2022-03-08/

EU trying to ban Russian energy:
https://www.bloomberg.com/news/articles/2022-05-08/hungary-continues-to-block-eu-oil-sanctions-against-russia

Germany's GDP and the EU:
https://www.gtai.de/en/invest/business-location-germany/market-germany-europe-s-economic-hub

Mario Draghi:
https://en.wikipedia.org/wiki/Mario_Draghi

Draghi doing "whatever it takes" to save the EU in 2012:
https://www.ecb.europa.eu/press/key/date/2012/html/sp120726.en.html

German inflation hits 40-year high:
https://www.ft.com/content/2f2fb7cc-3039-416b-ad22-f42315d0b1d0

Lagarde and Bitcoin's "funny business":
https://www.reuters.com/article/us-crypto-currency-ecb/ecbs-lagarde-calls-for-regulating-bitcoins-funny-business-idUSKBN29I1B1

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