Europe stopped dreaming

Europe stopped dreaming

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Europe-themed content previously on Philoinvestor

Is the Euro here to stay?

“There are decades where nothing happens; and there are weeks where decades happen.”

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The Battle for Europa

“Since we cannot change reality, let us change the eyes which see reality.”

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First €xit

“Time has sharp teeth that destroy everything” —Simonides

PhiloinvestorPhiloinvestor

We stopped dreaming…

In the early years post introduction of the EU — there was serious talk that the Euro could challenge the global dominance of the US Dollar.

That notion now is long forgotten. The Euro has been in a steady downtrend, as seen by the monthly long-term chart shown below.

There was a thread on X a few weeks ago which went massively viral.

In the thread the poster touched on the following layers.

• GDP Growth in USA > Europe
• Technological supremacy and trillion-dollar companies — while EU has zilch.
• Brain Drain from Europe
• Europe is massively anti-Business and over-regulates everything
• …read more here.

Conflicts of Interest 🇪🇺 Vs 🇺🇸

There is one angle that he did not mention, but which I saw someone allude1 to in the replies.

The US does not benefit from a strong EU. A strong EU could challenge the US in many things, the US wants a EU that it can control and push around — basically a proxy of the US.

Make Europe Great Again, Coming Soon on 🦉

Listen to the podcast for my short thoughts and look out for the piece I am sending out ($) on Philoinvestor soon. It will be extremely comprehensive and look into all angles and layers. Note: It’s not black and white.

Some of the things I will comment on:

• When “whatever it takes” is not enough
• The European Bazooka and the need for monetary and fiscal stimulus in the EU.
• Dynamics in play. Domestic and foreign politics. Path dependency in shaping EU today.
• Top-down legislation for a bottom-up domain = disaster.
• The military conflict in Ukraine and the EU being hijacked by foreign interests.
• Capital markets and precedent, social proof, passive flows and success. Is this a perverse version of fake it till you make it?
• The Path Forward
• Tools and programmes that could be employed.
• The mental model of the “brink and back” and how I’ve learned and used this tactic from George Soros’s teachings.
• And much much more..

“In America, people care about SUCCESS.” —George Soros

✍️🦉 For the course, philomastery.com — we launch January 2025.