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If you have a reserve currency like the United States, you can essentially postpone your bankruptcy indefinitely by simply printing money. But you can imagine for yourself that the fiscal deficits of the United States are only sustainable as long as they print additional money. If that weren't the case, and the budget deficit had to be covered by tax increases, the whole system would collapse.
That's quite clear. So, I was n't entirely wrong in my assessment. But the fact is, we have inflation in Turkey at 80%, and life in Istanbul is normal. Of course, it's true that poorer people are always affected by the high inflation. We have to be aware that inflation is a tax, a very unequal and unfair tax.
But it is a tax because in a budget that belongs to a state in a society, they could theoretically collect no taxes at all. Do you understand that in Germany, they don't have to collect any taxes? You could have an annual deficit, and that deficit would then lead to inflation, which would then accelerate over time.
But it would be a system that would be possible. Yes, well. The dollar was relatively strong, and then it weakened considerably in Europe last year, and quite significantly at that. Now, in the last two weeks, it has strengthened somewhat again. However, this must be seen in the context of central banks in Europe that are still run by incompetent people.
For example, in America, they didn't have negative interest rates, but in Europe, we did have negative interest rates. Introducing negative interest rates is utter madness, but that was the work of the ECB, the European Central Bank. When you have negative interest rates, and someone has somewhat subservient interest rates, like the United States, then capital looks at it and strengthens that country.
But I would say that this is rather temporary. If we look at the dollar exchange rate compared to gold, then in the long term, the dollar is moving downwards. And if we look at the purchasing power of the dollar, it is indeed moving downwards. The fact is that currencies are losing purchasing power everywhere, and quite significantly in Germany, because not only is there a disastrous central bank policy there, but also the Green Party/Communists.
It's madness, in my opinion, that the German A people who are actually an educated people were able to elect green communists to the government, who have the ruin of Germany as their goal and not the progress of Germany. And that's why I would say yes, the euro is strong, possibly against other currencies that are even worse than the euro, but it 's certainly not strong compared to hard currencies like gold, silver, and platinum.
Yes, so I have the feeling that Europe is being valued worse than it deserves, and I hope that the stock markets in Europe continue to fall so that we can then possess the rich people who still have considerable power. That will awaken them and their political inertia. Because it's true that the rise of the green communists and the socialists was made possible in Switzerland because the people living in Europe and also in Switzerland are simply inert, that they don't engage politically enough.
I participated in an initiative for the neutrality of Switzerland, but it's astonishing how difficult it is to collect signatures and money to even carry out this neutrality initiative because people say they are simply inert, and in English, they do n't care. Tell me I'm doing well, I've earned a lot, I 've done things for him on the stock market, but whenever the stock markets in Europe fall by 50% one day, then the Green Socialists make everything very expensive.
Inflation is largely a consequence of these Green Socialists, and this is what we already saw in the Russian Revolution of 1917. Everything is destroyed, and this destruction naturally increases costs. And one day, the people who have money in Europe—and there are many wealthy people with influence—will simply be left out in the cold.
And you say, yes, we must do something, unfortunately, that we might be too late, like what happened with Hitler. Then there will be unpleasant, unpleasant consequences afterward. I am also concerned, and I have always dealt with investments and the economy, but now we have government officials who are so stupid that it's impossible to only consider economic factors.
You also have to consider the stupidity of the politicians because they make everything worse that is already bad. Did you know that the German state is making concrete preparations to access the assets of its citizens? Stay tuned to find out what it's all about. What can still be done about it today?
National debt is exploding, not only in Germany but throughout the entire European Union. The ECB has put more money into circulation in recent years than ever before in European history. Our extremely high inflation is the result of precisely this policy. But that's not all. There are indications that the state is preparing to access the assets of its citizens, even though it is trying to conceal this fact by all means.
Keywords: asset register, burden sharing. We are not allowed to discuss this in detail here on YouTube, as there is a risk that our video would be taken down and our channel blocked. Therefore, at this point, we will only say this much: If you are looking for a solution to protect your assets from state access, we invite you to a free webinar with Alexander Strieb.
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