Electricity prices skyrocket in Germany. 650 euro/MWH. LOL.
This Euro shitcoin is really worthless, backed by nothing.
No production, no natural resources = sky-high prices.
And natural gas. HAHA, yeah. Northern will make money like Norway and friends. Is like "the southern fucktards buy that shit for sky-high prices".
I would wonder if we don't see Europe collapse. Food and energy are essential goods for modern society. It looks like Europe goes suicide mode.
In my opinion, we will see mass unemployment and a massive decrease in the value of the euro ( really massive).
Unemployment because Europe will not be able to produce something compatible with the global markets. Who the fuck should buy products that are overpriced?
They can't even feed their own people.
What could happen?
In the next years, European assets could drop in value ( compared to a foreign currency like USD).
Like real estate, stocks, some IP, and who knows. The chemistry industries in Europe should get hard hits and maybe get sold out.
Shopping time, haha.
Eur/USD could hit new lows.
And maybe the end of the euro.
Fun coupons.
No financial advice, do your own research!