Financial Survival Network

Summary: An election took place in Italy that could change things, and the Euro has been sinking like a stone…What’s in store for Europe? I sit down and chat with John Rubino to discuss the European economy. Their energy system has taken a turn for the worse, and their currency problems cannot be fixed with with monetary policy. They will inevitably have to tighten, as inflation and broken supply chains cannot be fixed with easy money. Tune in for more insight on what’s to come for Europe. Highlights: -The dollar is strong—which is the flip-side of this situation -Europe has screwed up their energy system and is trying to run a modern economy on ancient energy resources -There was a major drop in Pound Sterling -There’s not obvious end to this. They have to borrow money to cut taxes, as well—which means creating more currency -The Euro is below the dollar now -Europe’s mistakes cannot be fixed with monetary policy, but they’re going to have to tighten -Inflation and broken supply chains cannot be fixed with e