Loading ...END of EURO & EU 2027
Since the TOP of the 2008 Stock Market (and before its’ crash), the EURO once valued @ 160 since then has lost 38% (60 cents) of its value. Clearly, the EU and its’ politicians including Nations’ Politics are citizens’ enemies as purchasing power lost 38%. The EURO has been in a BLUE RECTANGLE (between 125 – 105) during 2016 and 2021; a period of consolidation. I tend to see a HALFWAY PATTERN from the TOP @ 160) where the BLUE RECTANGLE is HALFWAY POINT. The measured move DOWN is the decline of 35.5% from 2018-HIGH where the INTERMEDIATE TARGET LOW is expected to be between 86 and 80 while the EURO still battling the 1.00-LINE; now back-testing from below.
(Click chart to enlarge)
Honestly, I expect it to MOVE FAST and according to the CHARTED CYCLES we could see the EURO @ 86-80 (approx.) by April/May-2023 +/- 1-3 months (slightly difficult to see as this presented chart is a Monthly chart).
Clearly, the decline is in a HURRY and the direction is South. Soon (potentially October/January timeframe) it will surrender the 1.00-line battle and DOWN she goes. A measured TARGET @ 81 is a MASSIVE DECLINE by another 20% for a currency. Such means another HEFTY HAIRCUT for EU citizens of approx. 20%. It is expected that ALL HOUSEHOLD costs and groceries will at least make a JUMP HIGHER in prices. MASSIVE INFLATIONARY. And Honestly . . . it is just getting started. Watch the 1.00-line!
CHARTED CYCLES with the GREEN VERTICAL FIBONACCI LINES indicates:
The END of the EURO in 2027 (possibly September 2027) and therefore the END of the EU. See DASHED RED ARROWS for the scenario potentially unfolding
In general, the EURO (currency) declines in 3 measured WAVES of each 35.5% targeting the END of EU/EUR. Interestingly it matches my USD chart as for TIME FRAME where USD goes Balistic towards 380 (into 2027) while now 110. see: https://goldtadise.com/?p=557134
So 2027 is the year where many things potentially seem to unfold. Maybe we do not have to wait until 2032, and, 2028 will be the year where we start anew!
This fits nicely with another scenario, which I have been researching, where we get one last hurrah into late 2024, for the markets; before rolling over into a global depression from 2025 to 2027.
In the depression, the major cause of it, will be sovereign debt default by the EU and ECB, leading to collapse of the Euro in 2027.
From 2028, the rebuilding can start, from the ashes.
Running in parallel is the new BRICS+ commodity back currency, backed by a basket of 20 commodities, and priced in grams of gold. Not any fiat currency. Not sure when they will launch it, but it should be in the next 2 to 3 years.
As for CBDCs, it will be a failure, as the BRICS+ will reject it, as just another fiat derivative. The people will reject it too. I hope.
Wow Nightingale
Provocative analysis ….Crazy wild ride….to the BOTTOM
Considering the economic situation of the Eurozone, the depreciation of the Euro in relation to the US dollar, the depreciation of sovereign currencies in relation to the euro and US dollar (Polish zloty, Hungarian forint, Romanian RON), in which currency is it more appropriate to keep personal savings (cash) for the next 3 to 5 years: euro, US dollar, swiss franc… or gold, silver…? I mention that i’m from Roumania, member of EU, where the curency is RON. Thank you
Get your pantry in order (2+ years) and consider that your commodity. If possible, create a vegetable garden and some chickens. As everything goes up in price (inflation) buying now not only saves you money (near future) which actually gives you a ROI (Return on Investment) as well availability as Supply chains get broken leading to less supply and having it not available. Furthermore . . . goods (incl. alcohol, gasoline/diesel, food, tobacco, bottles of gas) will give you a possibility for trade.
Get our of the bank system. Keep it minimal and only for monthly expenses to be paid by bank transfer (like rent, insurance, energy/water bills and thelike)
I prefer Ag over Au. Create your own (monthly) buying programme. Neverthless, do expect that prices valued at the market can go (much lower). So buy for the long haul. Do not go all-in now. Furthermore Au can be regulated which means that it could become illegal for citizens to hold (and therefore difficult) to sell. Ag is more save.
Exchange (some) EUR-fiat for Physical USD-fiat but only to hold for a few chears (see my USD-chart / projection)
Exit trading accounts/ pension funds. IMO . . . trading for the next 3 years makes no sense and with volatility (and Ai) make each and every bet a losing bet. Once the dust settles we will see how the trading landscape looks like and one could reinvest Au/Ag to apply for trading into commodities.
10-15% into cyrpto but I expect an annihilation first before moon strike. So be careful here.
IMO. Good luck!