European Reality Check

The euro was recently replaced by gold as the #2 global reserve asset. FACT.What else do you need to know?

nickndfl said:

The euro was recently replaced by gold as the #2 global reserve asset. FACT.What else do you need to know?

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I replaced all my Euro years ago. I guess I’m just ahead of my
time.

Well I'm rooting for Eastern Europe to succeed, to keep their defense budgets high, to be an example for those still under the Russian boot.

And thats the real reason for the Ukraine war. Putin is terrified that Ukraine has every thing going for it to succeed once dialed into the EU and becoming an economic juggernaut, what with its riches in food production, off shore oil and gas, and rare earth minerals in its soils, and a motivated work force. Under Democracy it would become a beacon for the failed states in the Russian Federation like Poland and the Blatic states are.

So Putin bombs them, invades them, try's to cripple their economy. Yet Ukraine keeps chugging along as its people refuse to give up and the Euro/NATO Nations at least appear to be resolute in their military spending. As well they should be. Russia has a bad History of aspiring to enslave and build Empires, dragging the conquered into mires of stupid economic policys that usually leave them in economic anguish. Like Joe Stalins stupid 1930's era economic policys in Ukraine. He forced entire tribes to relocate and then the rest he had starve when he stole the small plot private farms that were so productive and forced the stupid collectivization of farms into state owned entity's. The idea was bad enough but the execution of the policys were even worse. Thus in 1932/33 the mass starvation of Ukrainians called the "Holodomor" occurred and while nobody can agree how many died from it the numbers being in the millions are not argued with.

Nor can it be agreed if the murder was intentional or simply bad policy executed poorly. What is known is that Joe Stalin considered private ownership of land to be a personal threat. Most of all if that land is productive farm land. And these memorys of regime boots on their neck are still fresh on the minds of Ukies so I dont blame them for fighting these creeps to the death for a country of their own. Nor do I blame the Nations of Eastern Europe for gunning up. And America needs to back them.