Message from @Notso
Discord ID: 639535062089465889
By 2008
They wouldn't be *unaffected*
I'm talking about 2008
Not now
*now is a totally different situation*
But it wouldn't be 1930s bread lines and taking barrels full of money to get essentials
Nothing says there can't be a european collapse either (or caused by an American one)
America had become the world financial centre so of course it will cause ripples throughout the world but at least western and northern europe are good enough to weather most purely American issues
>Norway's and Sweden's private debts
Debt to whom again
~~the jews~~ Private entities
And high levels of country debt isn't necessarily bad so long as there is economic growth
I do not worry about Chinese or American debt for that reason
Household debt to income in Norway
Wew
Really not a big change
Stable since 4q17
Swedish household debts exceeded 3.8 trillion SEK
Around 3 trillion of that is mortgage loans
In 2017
Anyway
Back to the EU and Germany
Germany is still fucked if the US economy is
(Technically) they are already in recession
The German economy is an export based one
The US being the world's largest consumer economies (second largest exporter to the EU, I'll get to the EU later)
Will be a hit to Germany's economy
Now for the EU
The Euro is on the verge of collapse rather it be through political means (right wing parties in France, Itlay, Germany. Brexit will have to happen soon) or economic means (France, Italy, Greece and spain cannot compete with Germany. They'll need their own currencies or they'll slowly be over taken by Germany, just look at Greek Infrastructure)
The EU's collapse will be the final blow to the German economy
ay
And then Weimar Germany conditions will happen