Which European country has an infinite amount of money? Please, do tell unless you were trying to be facetious with your comment.
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- Thread starter bd popeye
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At what cost?
The issue is no longer whether Europe can afford the high price of energy. An economic recession and partial industrial collapse are already a given.
IMHO, the situation now is whether Europe can find enough energy resources, irrespective of cost, to maintain a minimal level of life sustenance for all her citizens during the coming winter.
they certainly not part of elite just by looking at type of vehicle she driving around. and the fact her Father showed up at Turkish parliament in previous years. Russians elites avoid this kind of populism.
Unless he was being facetious or sarcastic, its example of yet another person not understanding the basics that money (be it paper currency, or bitcoins etc) is but a mere symbolic abstract token meant to act as a proxy to represent real energy and resources out there.... Modern money is really just a claim on energy or the future ability for energy deposists to do work.
It is precisely energy that is Europe's problem now, a lack of energy, which means their money will be commensurately worthless as it was the work multiplier effect of energy that gave money most of its purchasing power value. Not the other way around...
Scholarly argument in India
Should post this again on the Taiwan crisis thread next time we get another "Hurr hurr, blockade China, trade with the rest of the world and use our stronkk dollars to buy everything, hurr hurr!"
People always seem to forget why the USD has value. It isn't that there's something inherently awesome about the USD. It is that the US since the 19th century has always been the highest energy extraction economy in the world.
US extracted up to 70% of global oil in the 1910s.
For reference all of OPEC combined is around 37%.
US also had the technology to turn oil into work i.e. mechanical machinery and cars.
It has nothing to do with good governance or democracy or what not. It all has to do with offering energy to high tech low energy countries, offering tech to low tech high energy countries, and most of all, keeping high tech high energy countries down.
So the UK is importing racism