Why Europeans Are Getting Poorer And Headed For Worse | Joeri Schasfoort

When America says jump, Europe says how high !!!

He kept talking about solar but silver was not once mentioned that I heard and we are on a 200 plus million Oz per year deficit and Mexico has just banned open pit mining …nuclear was also not mentioned once …very strange

Gold price is reflecting inflation. 1500 $ Mar.2020 and today 2750 US $ almost doubled up in 4 years . 20% annual inflation easy . As stock market crashes USA is facing new financial crisis. NATO will not help to stop it unless conquered the world like Hitler attempted one time. I hope USA has a new scheme to lunch to buy some time like a CIA > The warp speed OPS.

Joeri is wrong about solar – it's low capacity factor coupled with limited amount of energy batteries can store makes solar unworkable. The electricity is very expensive. Electricity must be imported at night. I live in California and our dependence on solar plus batteries makes our electricity costs very high. We are "encouraged", via very high prices for electricty between 4-9pm, to reduce our electricity usage between 4-9pm – the time when most people are home after work cooking, cleaning, laundry, etc. Yeah, I know, you can run your dishwasher or do your laundry after 9pm. It totally sucks.

Solar panels and batteries are not the answer.

My factory makes engine parts. Machinery and rent are very expensive. My business model relys on 24/7 production to make money.

When my wind turbine and solar plant power provider regularly goes offline, I have to bid for electricity in the open market during peak demand.

It is this catastrophic expense that destroys the business plan for renewables as wholesale electricity suppliers.

Thank you for all of your work and the great information you provide. I'm retirement age and am taking management of my own retirement funds. It's a bit daunting, but leaving them in Bank or savings has not proven very profitable. I also have a shark mentality, keep moving…keep learning. I have learned so much in the last 2 years about investing, Options, and Crypto but still have mountains more to learn. It's not as daunting when I come across someone like you who is wanting to share your knowledge to help others and truly cares about bringing others along with you……. I have managed to grow a nest egg of around 210k to a decent 732k in the space of a few months… I'm especially grateful to Sandy Barclays, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

Living in Europe is more and more miserable with every passing year

Let Europe enjoy its socialism. Lol

Europe will be swept by a wave of hipernationalism including mass deportation of Africans and Moslems

Sorry to say it is completely misleading to place Colombia, Ireland, Portugal in the same chart as Sweden, etc. The graph put a big question mark on the credibility of the guest. Sweden's GDP per citizen is 2.5 times Portugal's. Ireland GDD is heavily distorted by big international corporations located in Ireland for tax purposes.

By almost any measure quality of life in Europe is vastly superior to the US:
Better infrastructure, universal health coverage, better en healthier food, far less crime, better and affordable education for most people (Harvard and the likes are diamonds (deteriorating) in an educational garbage dump, youth literacy, obese people, political polarisation (the US has gone nuts), far superior manufacturing industries (American industry is behind in manufacturing technology and in manufacturing of high tech consumer and industrial products, drug addiction, government controlled by money lobbies (Europe could do better too but for that you need the Swiss system or real people power) Sure, in some areas of innovation like AI the US is ahead but that advantage does not do much to fix the huge problems the US has.

Measuring ecnomic performance in terms of GDP is faulty. GDP often grows as debt grows. Would you consider your household to be better off if your debt was growing faster than that of your neighbors? As of late 2023, the debt-to-GDP ratio of the United States is approximately around 120% to 130%. As of late 2023, the average debt-to-GDP ratio for the European Union is approximately around 90% to 95%. The EU has of course shot itself in the foot by engaging in a proxy war against Russia, using sanctions, which hurt the EU as much or more than they hurt Russia. It would be better to look at household indebtedness, job satisfaction, quality of life satisfaction, investment into infrastructure/education (mentioned in the video).

took 14 minutes to mouth the failed western supremacist propaganda.

Woke economist.

Europe us going down, because it is a vasall of the US, but the good thing is, the american shithole is falling faster and harder, its $$ are coming home, so the shit will hit the fan in form of inflation, which is much harder in the US than in the EU. Cheaper energy will flow again, after the idiots in Ukraine will have to give up and the EU-emperior will stand naked without pants and leave the North Atlantic Attacking Organisation (NATO), which also is only a pain in the ass. After NATO will fall, EU will fall, too, and the european countries will rise again, in opposite to the average american, the ordinary population is not that obese and stupid as average Joe. The hole system (Bretton Woods) will come down, sooner or later and with it, the – $-system which lead to more suffer first, but bigger for the US, than europe. And this guy is believing in solar & batteries, what an idiot, too funny, trying to ride 2 death horses. Both is not baselode-capable, but those green-guys are ideologic-drven and not the brightest candles…