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Author Topic: Im owner of wealth club and here is my forecast about global economy  (Read 252 times)
Wealthclub777 (OP)
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August 05, 2023, 05:51:58 AM
 #1

Im Wealth Club 777 owner and here is forecast for econoy
The many years back UK banks LIBOR scandal and SWAP deals to Europe Banks and many other indicators can tell us only one thing that euro is about decouple from much more from other Western world fiat currencies.

Get ready for weaker euro off course it has quite good economic stimulus factor we can can expecting boom and bullish european construction and real estate markets.
Once again europe Will be good vacation destination becouse of weaker euro specially by usa and british tourists.

Thanks and enjoy the Reading Smiley
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August 05, 2023, 10:51:18 AM
 #2

What should I read and absorb from your words other than talking about the tourism sector by saying that a weak Euro attracts tourists. Isn't the increase in tourist arrivals from various countries having an impact on the demand for euros so that the strengthening of value is emphasized more than weakening, as a result there is a rotation of the local and non-local economy in it including transportation. Not only that, other factors to attract tourists are supported by various aspects of comfort, security, responsiveness of local residents and in Europe strategic places still have quite expensive prices, especially if newcomers who try the travel experience are minimal, need funds to pay guides .

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August 05, 2023, 11:13:21 AM
 #3

Im Wealth Club 777 owner and here is forecast for econoy


On what facts are your research base on, how comes you arrived at this much, what's the source to your analysis, on what parameters are you working on to have something new to offer the economy to stability or do you think your club name is only needed enough to give the necessary informations required through its reputation and that's if it has any.

Thanks and enjoy the Reading Smiley

What makes you think even a single person enjoy a bit of your phrase not to talk of the entire contents you wrote without direction.

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August 05, 2023, 12:50:45 PM
 #4

Im owner of wealth club and here is my forecast about global economy

When I read the title of your thread, I expected to see your analysis of the global economy, but to a great surprise, you deviated and only mentioned Europe's financial weakness as a key to tourists attraction. Maybe next time you pay attention to how you title your articles.

Not only that, other factors to attract tourists are supported by various aspects of comfort, security, responsiveness of local residents and in Europe strategic places still have quite expensive prices, especially if newcomers who try the travel experience are minimal, need funds to pay guides .

You are correct. Anyone planning vacation must have set out a nice fund that is able to sponsor their vacation. So, weakness of a country's currency shouldn't be a major determinant of their vacation destination.
Moreover, as Europe's currency is getting weak, so also the currencies of other countries are getting weak. Weakness of fiat is a universal problem which the highly centralized government cannot solve.

R


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August 05, 2023, 01:49:29 PM
 #5

The name of the club the op owns doesn't say anything to me, to be honest, so let's just focus on the prediction of the weaker EUR. For a prediction to be scientific in nature, there should be a way to falsify it (to disprove it). For that, we need more details. When will the EUR get weaker, by which point in time? How do we measure it? Is it inflation rate, value against something like the USD, or something else entirely? How much of a difference from 2022 would count as 'weaker'?
Without any of that, it's just a vague phrase that some can agree of disagree with, but which there's no way to confirm or refute.

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August 05, 2023, 02:22:06 PM
 #6

Euro is one of the strongest currencies in the world and even if it falls a little bit, I don't think it will become that cheap compared to most currencies in the world. Maybe it can be a great deal for americans and british people with their dollars and pound sterlings, but for the rest of the world it won't make difference anyway, as Euro will still be stronger than their local currencies. I believe the worst western european economy is, it never compares to how bad the situation is at Latin American, Africa, Eastern Europe and Asia.

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August 05, 2023, 02:30:40 PM
 #7

Need valid data to strengthen your estimate on the euro, your assumptions are too far about the conditions that will befall the euro. your research needs strong sources and comparisons based on past cycles. Even if the euro weakens as you would expect, there is no guarantee that the number of tourists traveling there will increase. The government will not remain silent with the conditions that have befallen their currency, of course there will be actions taken to increase the euro exchange rate.
Those of us who left comments here have read every phrase you wrote in the Op, the conclusion from your writing is only that the weakening of the euro can attract tourists to visit Europe.

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August 05, 2023, 02:36:38 PM
 #8


Get ready for weaker euro off course it has quite good economic stimulus factor we can can expecting boom and bullish european construction and real estate markets.
Once again europe Will be good vacation destination becouse of weaker euro specially by usa and british tourists.

Thanks and enjoy the Reading Smiley


Your assumptions may not sound right. First, what is your argument to say euro will depreciate or is deprecating? You can not make a statement of a weaker currency without measuring it with either dollar, pounds or any other currency. Like last year, you could say euro exchanged weaker against dollar so which currency is it weaker on? And moreover, you thinking of vacation not because of the speculation of a weaker euro but for the need not advantage.




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August 05, 2023, 02:48:56 PM
 #9

Get ready for weaker euro off course it has quite good economic stimulus factor we can can expecting boom and bullish european construction and real estate markets.
Once again europe Will be good vacation destination becouse of weaker euro specially by usa and british tourists.

Thanks and enjoy the Reading Smiley

It is too early to come to a conclusion like this, we know that fiat conditions, especially both Euros and Dollars, are currencies that are always used as a benchmark. Not only from an economic perspective in the tourism industry, because the tourism context only relies on one source of income. For example, a tourist or local or foreign tourist besides focusing on the budget to get to a destination in Europe or anywhere else will use many facilities ranging from renting houses, public transportation, food and drinks. Watching fiat cycles means the government is ready to print more money but foreign demand usually increases its value.

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Wealthclub777 (OP)
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August 05, 2023, 05:09:28 PM
 #10

Euro is one of the strongest currencies in the world and even if it falls a little bit, I don't think it will become that cheap compared to most currencies in the world. Maybe it can be a great deal for americans and british people with their dollars and pound sterlings, but for the rest of the world it won't make difference anyway, as Euro will still be stronger than their local currencies. I believe the worst western european economy is, it never compares to how bad the situation is at Latin American, Africa, Eastern Europe and Asia.


Me and few of my smart friends who knows aswell about markets and finances we not gona hold euro i'll hold metals gold btc and other crypto but not euro off course i convert into euro only if i want to buy or use eur currency.
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August 05, 2023, 05:43:56 PM
 #11

First, this is heavily subjective. I don't know what your sources are but coming out with such conclusion without any research backing you up does not make this reliable at all. Second, euro is one of the strongest currency in the world, even if it falls for a bit it will not be that bad. Third, Europe has been one of the center of tourism in the world not only for its currency but for its history, tourist spots and rich culture.

I was expecting an analysis of the current global economy, not an opinionated claim without any research to back it up.

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Unbunplease
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August 05, 2023, 07:37:58 PM
 #12

Need valid data to strengthen your estimate on the euro, your assumptions are too far about the conditions that will befall the euro. your research needs strong sources and comparisons based on past cycles. Even if the euro weakens as you would expect, there is no guarantee that the number of tourists traveling there will increase. The government will not remain silent with the conditions that have befallen their currency, of course there will be actions taken to increase the euro exchange rate.
Those of us who left comments here have read every phrase you wrote in the Op, the conclusion from your writing is only that the weakening of the euro can attract tourists to visit Europe.

The exchange rate is often regulated artificially, so weakening or strengthening the euro is in the hands of the central bank. Sure, a temporary weakening of the euro may cause some people to panic, but does it really matter that much? Once the panic starts, it will subside.
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August 05, 2023, 09:27:53 PM
 #13

Im Wealth Club 777 owner and here is forecast for econoy
The many years back UK banks LIBOR scandal and SWAP deals to Europe Banks and many other indicators can tell us only one thing that euro is about decouple from much more from other Western world fiat currencies.

Get ready for weaker euro off course it has quite good economic stimulus factor we can can expecting boom and bullish european construction and real estate markets.
Once again europe Will be good vacation destination becouse of weaker euro specially by usa and british tourists.

Thanks and enjoy the Reading Smiley

How is a scandal from 10+ years ago in a key factor in weakening euro? Maybe you want to elaborate why that specific scandal is meaningful today, when in camparison EU has actual war next to them.

And if european construction and real estate markets would be be booming, wouldn't it mean that euro might be doing well too? I mean those fields are making a lot of jobs, and people with jobs consume keeping the economy happy. And you didn't add any links or reveal how you came up with your forecast, so i don't see any reason just to believe you.


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flyingcarpet
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August 05, 2023, 09:37:06 PM
 #14

Euro is one of the strongest currencies in the world and even if it falls a little bit, I don't think it will become that cheap compared to most currencies in the world. Maybe it can be a great deal for americans and british people with their dollars and pound sterlings, but for the rest of the world it won't make difference anyway, as Euro will still be stronger than their local currencies. I believe the worst western european economy is, it never compares to how bad the situation is at Latin American, Africa, Eastern Europe and Asia.

In addition to what you said, I don't think the euro is going to lose its strength. I don't think Europe is going to become a popular destination again, especially for vacations. A lot of people have been choosing the east for vacations for years. That is, countries with a weaker currency than their own. How can such a situation change?

It takes a long time for things to change in the world. One of them is the Euro and I don't think there will be any depreciation as has been said recently. The European economy doesn't allow that. Or rather, even if it does, there is no economic structure to affect it.

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August 05, 2023, 09:49:05 PM
 #15

There’s a lot of reasons for this and better to be more objective with facts than to your own personal experience. I’m wondering if this concerns the limited supply for their commodity and the inflation as well, somehow it affects them that much by imposing restrictions to Russia, most EU countries are forced to look for alternatives. Cheaper currency doesn’t mean a cheaper to travel, you should also consider the cost of the commodities on that specific country.

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SatoPrincess
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August 05, 2023, 10:26:25 PM
 #16

Your activity here has been suspicious. I saw you posted a telegram link on another thread, that’s all the red flag I need to know you cannot be trusted. I’m not surprised your true intentions didn’t take long to show. It’s a classic scam attempt we all seen, scammers portray themselves to be experts in the financial field and proceed to redirect their victims to a different site from the original one they met. This is a old trick, and it won’t be successful here. I hope your account gets painted red.

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Sim_card
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August 06, 2023, 03:49:42 AM
 #17

First, this is heavily subjective. I don't know what your sources are but coming out with such conclusion without any research backing you up does not make this reliable at all. Second, euro is one of the strongest currency in the world, even if it falls for a bit it will not be that bad. Third, Europe has been one of the center of tourism in the world not only for its currency but for its history, tourist spots and rich culture.

I was expecting an analysis of the current global economy, not an opinionated claim without any research to back it up.

All right...i tought people want just predictions and bold forecast...like some people find it boring to read full story...u know.
But If you want i give you the analysis.
Few points i'd like point out here ...

1.One of the primary drivers of currency movements is the economic performance of a country or region.
2.high levels of public debt, and political uncertainties.
3.decoupling from the dollar can be influenced by various factors, currency wars, swaps, debt issues, lack of commodity trade, and other economic indicators.
4.Never undestimate the power of commodities currency tied with commodities can give strengh to currencies.
5.Concerns about sovereign debt default or bailout packages can further weaken the euro.

Join my financial and Investment official Telegram Channel and get daily news and you know first what's going on in the money world.
Link: https://t.me/wealthclub777
Joining your telegram group wouldn't make any difference from what you have said here and I don't see any smartness in your,from your thread it shows that you don't even understand anything on economy. How will you say Euro is depreciating and it is an opportunity to go for tour in Europe. You and your friends should keep your economy knowledge to yourselves since you are only assuming with no prove on your statement. I would rather sit down and listen to my country's boring local news than listening to you.

R


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adaseb
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August 06, 2023, 04:41:10 AM
 #18

Even if it weakens a little it won’t really make a difference if you travel there. Unless you travel to Mexico or Thailand, it won’t be cheap, especially depending on the country you are visiting. You think the euro falling 5% will make your Germany vacation very cheap, obviously not.

Right now there is alot of uncertainty in world markets especially due to inflation and banks are still hiking away. So who knows if your prediction will come true.
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August 06, 2023, 04:59:31 AM
 #19

Can please explain first your club and what is the purpose on it?  Because we are not all lives in UK which you some what talk with in your neighborhood. Also we knew that lot of people that are creating clubs because of the money they can get and I do hope that your thoughts are pure. Back to the topic am I the only one that more prefer to visit the tropical country than Europe? It  is something that you are just advertising your country but again I do prefer where I do see good Beach that is in 10 wonders of the world
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August 06, 2023, 07:30:26 AM
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 #20

Can please explain first your club and what is the purpose on it?  Because we are not all lives in UK which you some what talk with in your neighborhood. Also we knew that lot of people that are creating clubs because of the money they can get and I do hope that your thoughts are pure. Back to the topic am I the only one that more prefer to visit the tropical country than Europe? It  is something that you are just advertising your country but again I do prefer where I do see good Beach that is in 10 wonders of the world

All the OP is interested in at the moment is the promotion of his Telegram channel and the links to which he so stubbornly distributes. Several posts have been removed by the moderators, and if he doesn't calm down, his time on the forum could end very soon. Smiley

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