Bloomberg had an article about a letter sent by the CEO of EDL Capital:
“Europe is on the brink of disaster, which could potentially lead to its breakup,” de Langlade told clients in a letter this month seen by Bloomberg. “We could move to a place where the dollar is not strong against everything but the euro gets weak against everything,” he said, targeting the euro at 80 US cents.
The EU today agreed on a voluntary reduction of gas consumption of 15% of the average it consumed from 2016-2021, in response to the flow of Russian gas reducing to just 20% of what it is contracted to send.
The reduction could become mandatory if five or more countries issue an alert.
Some countries are quite wasteful and can easily reduce consumption by turning down the heating in public sector offices for example. Others are already frugal so reducing consumption further means closing factories, which means recession.
EU citizens need to act now to preserve their money - buy bitcoin or a dollar-based stablecoin.