As an expert in Economics, it is evident that the European Union is facing economic challenges that have led to political turmoil and a push for war with Russia. The original vision of a unified European government, which dates back to Charlemagne, Hitler, and Napoleon, has failed due to mismanagement and a flawed design of the euro currency.
When the euro was being created, experts like us warned European leaders that without consolidating national debts, the currency would not be able to compete with the dollar. However, this crucial advice was ignored, leading to the current debt crisis plaguing the EU. The refusal to address underlying issues like debt consolidation has now escalated into a full-blown economic and political crisis.
Chancellor Kohl’s decision to block debt consolidation and force Germany into the euro without a public vote was a pivotal moment that set the stage for the euro’s inability to replace the dollar. Instead of fostering unity, the euro created volatility in individual bond markets as investors compared the debts of different member states.
The EU’s centralized control and dictatorial ambitions have caused internal unrest, with Germany’s government facing criticism for its inability to govern effectively. The EU’s attempts to exert control over member states like Hungary and its push for war with Russia highlight the EU’s authoritarian tendencies and disregard for sovereignty.
As the EU continues to face economic challenges, it is resorting to desperate measures like using Hungary’s veto to fund Ukraine and attack Russia. The escalating tensions with Russia, orchestrated wars, and NATO’s aggressive stance are all contributing to a looming global conflict that could have devastating consequences.
At Extreme Investor Network, we analyze economic trends and provide insights into the complex interactions between politics, finance, and geopolitics. Our unique perspective on current events can help investors navigate turbulent times and make informed decisions. Stay tuned for more updates and analysis on the evolving economic landscape in Europe and beyond.