Will the euro crash in 2022? | Nigel Farage vs Daniel Lacalle

[@Capitaltrading]

Hi everyone! We’ve just published a new debate: “Could housing crash the global economy?” featuring American Marxian economist Richard Wolff and Wall Street strategist David Woo. Click the link to give it a watch! kzbin.info/www/bejne/aKi2k6innNKed6c

[@Vatrik1]

Great debate. The moderator asked good questions and the guests didn’t interrupt each other. For some reason informative discussions like this are rare.

[@Capitaltrading]

Very glad to hear you enjoyed it. Any specific part stood out for you?

[@grahamjames5618]

YOU MUST BE JOKING. Farage tried to chop the other guy off at every turn. I suggest you LISTeN to it again!!!!

[@Vatrik1]

@@grahamjames5618 yes he did but for the most part it was a civil discussion

[@oldcynic6964]

@@grahamjames5618 Hmm, I don't think that is so, Graham. It was a remarkably civilized debate. The only instance of the two speaking over each other was at 16::00 to 16:30

[@finayanezgonzalez5669]

yumudtnijokin

[@davidjones190]

Very few people aren’t environmentalists in the true sense of the word but the policies taken over Europe are completely counter-productive and it doesn’t matter what currency you have the cost of these policies are going to be disastrous for all!

[@stephenobrien5909]

There are lots of self appointed experts, Gore being the first one, and virtually nothing of his ramblings has come to pass.

[@microfarming8583]

I really love the guy debating Farage. He doesn't get emotional like so many other EU ideologues. He listens and waits to talk and delivers his points clearly and passionately. I think both debaters make very good points and there is no real correct choice as there are so many unknown variables on both sides. This was a wonderful and respectful debate and something the world and the internet need more of. Thank you to everyone involved.

[@megaxenu753]

the environmentalists are very different from naturalists. they want to control the environment. the idea you can control the temperature across the face of the entire planet is insidious and dangerous. it's more similar to the technological impulse. the human desire to separate itself from nature because nature is cold, hard and painful, now has become the desire to control nature.

[@davidjones190]

@@megaxenu753 this is the truth the truth is so often uncomfortable

[@IT_Farhan]

Both gents make fantastic points - overall I’m leaning towards Farage’s competitive Europe, each country succeeds or fails based on their own decisions.

[@Cobalt1520]

Ah yes... the law of the jungle... only the strong survive.... a great solution to over-population that's for sure, maybe Greta would aprove, and would certainly force some countries to take extreme measures. If that's the world you'd like. Maybe you should go back to Europe of 80 years ago ... didn't end well, but surely had an impact on overpopulation in Europe.

[@victorgrasscourt3382]

The Italian economy was booming in the 1990’s, because it could devalue and remain competitive. Since Italy joined the Euro, its economy has not grown at all and manufacturing has dropped by 13.8%. Look at youth unemployment in Italy, a Greece and Spain. It is a disgrace. No wonder so many young people are desperate to get to the U.K. Over 5 million EU citizens were given permanent settlement status after Brexit. They did no want to go back to their own countries. Why? Because the British economy is not over-regulated and it is easy to start a business. You try and start a business in France. It is extremely hard. The Euro will fail because it has allowed Germany to have a competitive edge by devaluing from a strong Mark into a weak Euro. But southern EU countries are struggling. The Euro will fall apart soon as Lagarde hikes the base rate out of negative territory. There is going to be much social unrest in Europe this winter, as inflation eats into people’s savings. And let’s face it, the German people never wanted to share a currency with Greece.

[@asdf3568]

This.

[@Timothy_Pitt]

@MonarchsCrew to go where in 2 years?

[@Timothy_Pitt]

Correct When is collapse? After collapse, what will follow? Back to individual currencies?

[@truxton1000]

@@Timothy_Pitt Yes back to individual currencies. It could happen this year, in 5 years or in 10, but it WILL happen.

[@Timothy_Pitt]

@@truxton1000 Possibly more than a decade ahead of kicking the can, I agree Lacalle & his socialist bureaucrats have plenty of time yet to enjoy

[@martinfpavey]

Nigel is so divine in this! The lessons to learn in patience and diplomacy and magnificent comebacks Nigel demonstrates whilst listening to this 'economist' are endless. #CantBarrageTheFarage

[@neilclare7497]

Wouldn't it be great to have nigel in number 10!

[@semprelazio8864]

Think they both let each other speak uninterrupted. It was refreshing to see.

[@Capitaltrading]

He's a seasoned professional and debates well. Nigel has debated with Daniel Lacalle before-they have a good, respectful relationship, which made this debate really interesting.

[@arfermo853]

@@neilclare7497 ? You been in a coma? He was offered the position as soon as he helped push through brexit but ran for the hills

[@djdoolittle1315]

@@neilclare7497 no it wouldn’t. Enoch is dead

[@andrehunter1295]

Question are, why are politicians in Europe expecting Putin be so nice to European leaders ? European leaders closed their eyes for what US working on and planned in Ukraine since 2013, they closed their eyes for when US trained Ukrainian military azov dayly shelling Russian speak regions in Ukraine since 2014. Thousands of Russian speak Ukrainian citizens was killed by their own Ukrainian military azov, European leaders knew genocide was happening for 8 years. They knew US training Ukrainian military azov same time, nobody said nothing. No western mainstream Journalist's was in Ukraine from 2014 to 2022, because US wanted to work undisturbed in Ukraine since 2014. It's just insanity, and western leaders collective support US self-destructive decisions and sanctions against a country their own country depends on. Chooses to support US proxywar against Russia. And European leaders are surprised he not are more kind ? What are collective western leaders smoking ? People should see some education videos from US Professor John Mearsheimer, he knew what US working on and planned in Ukraine since 2013, made a lot of education videos about Ukraine since then. All US professor John Mearsheimer predicted would happen if US not stop their work in Ukraine trying to provoke Russia. We all witnesses happening right now, he was right about everything he predicted would happen for years, he warned US officials multiple times since 2014 about consequences we now see. But US didn't care about his warnings, bad choice. Really bad choice by European leaders, I know how US threatening Germany already over a year ago with aggressive sanctions if they are joining North stream 2 pipeline from Russia. I am surprised if US not threatening other countries if they don't stop buying cheap green gas from Russia. Yes I say green, because compared to expensive LPG gas from US who has to be shipped from the other side of the globe. Gas from Russia are very green, European leaders chooses to letting their own citizens freezing to death when winter coming. US promised they would supply Europe with enough LPG gas, they have to building many LPG ship's. And they now says they are not able to deliver so much gas anyway. US expected Russia would be military and economic bankruptcy in short time, but they failed big time. And over half of the globe refuse to kneel for US threatening, results in BRICS expansion and US getting more enemies. US wet dreams creating New world order got Chrushed big time, that's the truth . Making Russia and over half the globe stronger and independent from US anymore. They also agree to skip petrodollar, it could not going worse for the west. Never read or heard of so many collective leaders agree to so many self-destructive decisions and sanctions against a country their own country depends on ever. Everything who could going wrong for the west, have gotten badly wrong. Trying to create a New world order, and ended up freezing themselves away from the rest of the globe. Unbelievable to witnesses this collective self-destruction, just unbelievable stupidity and sad 😢

[@elizabethtamp1537]

What you say is mostly true. Because Europe is a colony of the American Empire and must do as commanded.

[@kidvinie6491]

Very well said!

[@fanfeck2844]

Ok ivan

[@williammichaelcowling5248]

Your right and its happened in plain sight for people who don't follow and believe in the mainstream media who are just propaganda mechanisms for the Corrupt Globalist Puppet Leaders in our Governments... Like Klaus Schwab (W.E.F) has stated they have in filtrated every Major Government around the World...

[@andrecayer4489]

It also seems strange to me that EU says they're going to sanction 🇷🇺Russian oil and gas and get pissy when Putin just shuts it off. Putting made a great point the other day that America is printing Trillions to buy real goods from smaller economies but the paper devalues every minute the small countries hold it.

[@joecaruso06]

It's 2023 and it crashed.. As much as I believe a nation's growth and an economic recession are related and how economic downturns are natural, now is the moment to rethink the policies that are to blame especially with the ECB increasing rates and making loan repayments harder for the basic people. In either case, I'm happy I sold the vast majority of my assets for a premium.

[@mattpredictsofm.]

When others are selling, buy. When others are buying, sell -Jonathan Sacks

[@maryalchester]

We are in a financial precarious position because of our persistent need to do things on our own. I am a strong bull on the euro despite the current economic downturn. The key is knowing when to get in and get out also basic understanding on how the market works & delegation is crucial in order to learn at your own pace. There is always more to technical and upfront fundamentals. Following •Yvonne annette Lively guides, I have been able to make as much as $50k roi on a $100k capital in less than 3 months while learning at my own pace.

[@hueymorello5115]

Why sell? I wouldn’t consider selling at the moment. Matter of fact is, I am a strong bull on the economy despite recent economic downturn. It’s more of knowing when to get in and get out. This is why financial assistance from an expert is prominent. Consider myself, having faced my fair share of the bad side of the market. Ive been able to average as much as 8.7% monthly on a $162k pt rebuilding my ptfo with analysis from •Yvonne Annette Lively• Only thing is, her rates might be high but then, Bette safe than not.

[@alyoshaivanovv]

Sell? Why sell when you should expect a boom after the downturn. Currently I hold a $192k pt after holding through an economic crisis. I wouldn’t consider selling except I was being advised to otherwise by Yvonne Annette Lively precisely. She’s the reason I could rebuild my pt passively

[@jahjamal]

@@alyoshaivanovv Yvonne Annette lively?

[@stlouisix3]

Nigel Farage makes this debate entertaining🤣😂😅

[@helenaville5939]

Yep, just like Johnson was elected "for being entertaining". Both charlatans whose only talent is the ability to manipulate the masses with lies and a turn of phrase. Both having left a trail of destruction in their paths and both still trying to lay the blame at the EU's door. Notice in this debate Farage is still wheeling out ten year old arguments. Haha, astute people could see through him from the beginning, not so much the foolish masses.

[@vinniechan]

I don't agree with some of his stance but he is an excellent interviewer on GB news

[@helenaville5939]

@@vinniechan He has never interviewed a person who holds an opposing view to his own. And you believe he's a great interviewer? haha. All he ever does is agree with the person he's interviewing. It's a conversation full of mutual back-slapping. In other words it's a load of nonsense.

[@Capitaltrading]

He's certainly an interesting character with a unique perspective: 25 years as a commodity trader and 25 years in politics in Europe-as well as having close ties with the US and a long-standing friendship with Mr Trump. We are hoping to work more with him in the future.

[@stlouisix3]

@@vinniechan yes ☑️

[@adelezierler1547]

To me, Nigel Farage makes the most common sense and accepts and listen to all possibilities and suggestions others have. It was enlightening of listening to of both their few points. It was an interesting and informative program. I'm looking forward to the next session. I just subscribe to your channel, because I don't want to miss any.

[@myamwezmyamwez8669]

To me he makes no sense and sounds kinda bitter in all honesty! 😂

[@davelocktalk]

Nigle farage is a English nationalists and he's broke the uk union just wait and see what happens when Scotland gets another independence vote 😆 it's not going to be no this time!

[@Bosco12ful]

I do agree with Nigel Farad. The UE defend multinational interests without taking into account the needs of the working people. They are like a big machine that destroys individual initiative and lacks flexibility.

[@truxton1000]

Totally, most Brits that slated the Brexit situation have no clue what creates a well functioning economy, the EU regulates everything to pieces, it will collapse, when it happens let's hope the Germans once again don't turn to extremist solutions.

[@tmr3109]

@@truxton1000 By regulating everything to pieces do you mean telling us where the fish, vegetables, and meat we eat come from and banning hormones, pesticides, etc?

[@truxton1000]

@@tmr3109 No not particularly, but regulating to a degree that anyone trying to start a business will lose the will to live in the end? Yes. And of course all the paperwork if you finally get started. EU statistics…. Gives me the shiver’s.

[@tmr3109]

@@truxton1000 I am not a socialist, socialism horrifies me.

[@franciscouderq1100]

John, jay I suggest to take another look at how the EU works and what it truly does before copying and pasting the Daily spitting?

[@ian2615]

Nigel is always good value

[@marysmik9812]

Small European countries cannot expect that the European Central Bank would work on their behalf. They are trapped.

[@Alien1375]

There will never be a British Empire again, Farage.

[@sabrinac9052]

🤍 Excellent debate. Pertinent points from both sides. 🇪🇸 I'm a big fan of LaCalle, he's one of our best economic analysts, but am surprised by his optimism. I can only deduce that because our president is so useless, the ECB can only do it better. And I would like to know how other factors are affecting the €: the war, the energy shortage, the endless money printing, etc.

[@TheSteelweasel]

Spain sold its soul for money . Now it's more expensive to live and the game is up, it's down hill all the way to poverty , and when it falls it will be fast as countries try to jump ship , something that never happens to a country but it's the Achilles heel of EU

[@georgeswampy6224]

Next we MUST go after the World Economic Forum (formally AGENDA 21) and make a start at destroying its complete membership.

[@stirlingmoss4621]

Debt levels in the European Union? What about the USA? $26 trillion and rising...and no chance of paying it down.

[@billbailey1357]

The $ is the world's reserve currency, that is how the US gets away with it. Should it ever cease to be then the fun starts. Mind you even with the World's reserve currency misusing it as the US does will bring the day it ceases to be closer quicker.

[@Spartan-jg4bf]

The USD is the global reserve currency, most of the US government debt is held by US companies and households

[@joewalsh4685]

Nigel would make an excellent PM.

[@chrispack3131]

I’ve been saying this for years, I’d vote for him! A lot of what he says makes sense

[@paulkirton8945]

You probably sent Alex Belfield money as well.

[@malcolmmckinlay2143]

FOR WHO ???

[@franciscouderq1100]

Sure Joe!!!! Driving silly people like you into more misery. Farage has not depth nor vision just picking up topics as they come by to keep alive on Media.

[@chrispack3131]

@@malcolmmckinlay2143 I’m replying to “Nigel would make an excellent PM” ...so Nigel Farage as I personally agree with a lot of what he says. Take care

[@oscarm.1417]

I've been a fan of Daniel for a long time; but I think he's completely wrong here. Spain had a robust manufacturing sector prior joining the Euro. All it is now is a low-wage tourism economy.

[@polcaltieri]

I see your point but you didn´t give an argument why Euro killed Spanish manufacturing sector. As Dani said in the past Spain devaluated the Peseta to ga in competitiveness in detriment of savers and importers. But apart from that, I can give you good arguments about the Euro. With the Euro Spain got access to cheap credit, not only at goverment level, businesses and people also got cheaper credit. People also benefited because inflation was lower during Euro era than during Peseta era. Probably what killed Spanish industry was government, check how government spending has skyrocketed since Spain joined the Euro. Spain spent a lot of money in infrastructure during 00s. You need to have high taxes to maintain that.

[@oscarm.1417]

@@polcaltieri It isn't obvious to you? why in the hell would you buy a SEAT when you could buy a BMW for just a little more. The Euro destroyed the industrial fabric of Spain. From cars to ships, to appliances... everything went to the damn Germans.

[@polcaltieri]

@@oscarm.1417 So you are recognizing that Spain weaponized its currency to boost exports because if you keep a peg you're not good enough to make a product as the Germans. But in the other side you punished citizens who could have gotten a better car but they couldn't because you devaluate their wages. Maybe you should think that Spaniards are not the best to manufacture cars but they can make other products better than anyone else.

[@Timothy_Pitt]

I'm not a fan of Daniel any longer. I confess I completely misjudged him

[@vinniechan]

@@polcaltieri that's the problem with the wider issue of globalisation It's the cost and benefits aren't evenly distributed among society Not to mention European countries are a lot more inclined to subsidize their industry and protect them from competition Personally I think that EU state aid rules have been BS as I doubt everyone play by them

[@whiskeybluez]

When people say Germans got competitive advantage by transitioning to Euro.... that's onlt partly true, because Germans had competitive even before transitioning to Euro. Therefore, they may have amplified it, may have preserved it but certainly not gained it by the fact.

[@johnlane7938]

the dm was far better ,same with the dutch gulden

[@sportsfanivosevic9885]

Germany got competitive advantage from cheap Russian energy contracts but those days are gone and unlikely to return.

[@kerstenukatz8672]

The countries like Spain/Italy etc. are still weak and hence are pulling Germany down. That is why the Euro will fail, hopefully soon. I fully agree with Nigel.

[@Capitaltrading]

You say "still weak" - you don't think they'll rebound at some point? Maybe not soon, but say in 10-20 years?

[@kerstenukatz8672]

@@Capitaltrading They will never rebound as this is a mentality problem. So many countries/cultures are not made to be in one union, especally the red wine states. I want that Germany returns to the Deutsche Mark. Why should the Germans pay for all the crap which the red wine states are responsible for? And have already acted financially as they do today for centuries. You know the English saying: A leopard never changes its spots.

[@markpass4215]

Pulling Germany down?…Germany has literally blown a Gasket…thanks to an insane energy policy it’s trade balance is going into deficit which is unheard of and it’s industries are going to struggle to source let alone pay for energy…a problem that all are going to have to struggle with

[@antoniodesimone4689]

Do you agree with a pathological liar who is responsible for the economic disaster in the UK? Until now, the UK (also thanks to Brexit) has the worst situation in Europe; the Euro will never fall, and in the next year, the energy situation will be solved, which means less inflation and a rebound of the EURO because The Euro is weak because of the gas issue with Russia, the war, and because the FED is the most aggressive central bank, and also because in a situation where the global economy is in trouble, the US dollar act as a safe haven. So the weakness of the euro against the dollar is happening also because the dollar is really strong, it's completely normal, and at some point, we are going to see the opposite, as I explained. Also, the Pound is "crashing" against the dollar; every currency is doing so. You clearly don't know what you are talking about; that's why you fall for the lies, and the propaganda of a well know clown like Farage!

[@antoniodesimone4689]

@@kerstenukatz8672 Well, in this situation, it's actually Germany the problem with the horrible choices you made for energy supplies or the fact that you close your nuclear plants, and Europe is MEANT TO BE UNITED because we are deeply interconnected not only culturally but most importantly economically, Germany Import and export a lot in Italy or other countries, if something happens to Italy will be a problem for Germany too, regardless of the European union or the Euro, and if you can't understand that after a pandemic and a war you are pathologically ignorant! Without the European Union, we would have been completely fucked at this point, probably at war with each other, and we would starve to death while Putin, China, and the US would celebrate over our carcasses.

[@wawawswfc4957]

Nigel Nigel Nigel Nigel Nigel Nigel Nigel Nigel Nigel Nigel Nigel Nigel Nigel Nigel Nigel Nigel Nigel Nigel Nigel

[@giovannifoglio5020]

In Italy the quality of life and the economy was enormously better with lira than with Euro

[@manchesterutdfan66]

Yes i agree, bring back the Lira along with Matteo Salvini and Italy will be just fine....

[@nadir8804]

@@manchesterutdfan66 not Salvini, but Italexit o Italia sovrana

[@cspdx11]

I went to Argentina in like 2000. The peso was equal to one dollar. Today its officially 150 pesos to a dollar and the black market is more like 250. Just to give an idea on how the devaluation can occur

[@TheAgTeam]

Great guests. Great debate

[@bottien]

The euro is done,whe are screwed, the uk was smart to stop with his partnership.

[@davidwarnes5158]

We didn't have the euro £

[@truxton1000]

@@davidwarnes5158 Still, when the Euro collapses it will be much better to be outside of the union than in. The collapse of the Euro will be bad for ALL EU nations, also Sweden and Denmark which currently not use the Euro either. The EU WILL collapse, just like every other huge unions in the past have collapsed, like the Soviet Union. China is of course still "going strong", but only because they use brute force to keep it together.

[@franciscouderq1100]

Eh eh the UK wasn’t part of Euro currency countries!

[@franciscouderq1100]

@@truxton1000 because the actual and future fall of the Sterling is not a problem???

[@truxton1000]

@@franciscouderq1100 Compared to the other failing currencies the pound will do ok, But yes it’s a problem for all countries in the western world.

[@leonelduarte1822]

A lot of people wants the crash of the euro… it’s an obsession. The euro has a lot risks but at the end of the day will be the fundamentals that will speak louder

[@davidrenton]

it's not an obession it's an inevitability , they are on the Titantic, Switzerland never got on, it's in Southhampton. The UK got off the minute it hit the Iceberg. Non euro countries are women and children, ready to get the 1st lifeboats. Euro countries are 3rd class, men, luck of the draw, Germany is Captain Smith or Bruce Ismay, the Jury is out.

[@leonelduarte1822]

@@davidrenton you watch a lot o movies 🙄

[@daveabdulkader6966]

As a German citizen and live here and trafing for 5 years , all i see we still going down (I’m making money buy trading on Sell but very sad to see that our salaries from normal jobs and the taxes payments and then inflation will go worse and worst) I’m thinking to leave Germany in the next two years and go out from Euro countries

[@sasalijoon3506]

Mate , you are not here to see UK.. and pound value. Starling is going down to Loo . Believe me you guys in Germany are much better off

[@sasalijoon3506]

For now British pound is going down to toilet

[@ussf-unitedstatesspaceforc7541]

@@sasalijoon3506 no theyre not look at their gas crisis

[@bliss9745]

@@ussf-unitedstatesspaceforc7541 That's all Germany has - a gas crisis!! Compare this with UK which has an energy crisis (highest cost increases among OECD countries) + an inflation crisis (again highest in OECD) + food supply crisis + health service crisis + cost-of-living crisis + workforce crisis, etc etc etc. It's a TURD country in every sense of the word. 🤣🤣🤣🤣

[@victorgrasscourt3382]

Come to the UK.

[@niguel4438]

They don’t like it but Nigel is fundamentally correct. There is not a Union in the truest sense but a money tree that some, including Spain, benefits from. When this drys up the E U is over.

[@ayg2199]

sorry but the Euro is toast. interest rates are rising globally and the only way the Europe can compete is to raise interest rates but they can’t because the have too much debt.

[@EnglishVeteran]

Fingers crossed! Let’s hope so! 🏴󠁧󠁢󠁥󠁮󠁧󠁿🌹🏴󠁧󠁢󠁥󠁮󠁧󠁿🌹🏴󠁧󠁢󠁥󠁮󠁧󠁿

[@ChimpRiot]

Nigel will be proven completely correct. He should be PM, not Liz Truss.

[@sic_transit_gloria_mundi]

People outside the UK would love to see Farage as PM! We would all absolutely adore to see the show unfold from our sofas while enjoying popcorn...

[@geoded]

Respect to both parties for taking part and Capital for hosting.

[@pattaylor5524]

Ireland needs to get out of the EU DICTATORSHIP.

[@moserruya805]

Farage wins hands down.

[@hurri7720]

No, not at all he is the born snake oil salesman as before and he speaks a lot of rubbish just like before.

[@Timothy_Pitt]

Absolutely For my curiosity, is yours a view from within EU, can I ask?

[@boddy212]

Farage is right competition is the real deal

[@hurri7720]

@@boddy212 , well he is the master among snake oil salesmen and fraudsters. Among some Brits there is this wet dream about a crashing euro and EU. But in reality it's the pound that is crashing and perhaps the UK too. Perhaps it's all about it being easier if the pain can be shared with somebody else. (look, we are shit but they are even more shit than we are)

[@adrianrouse5148]

The euro is in a worst condition now than when it last went bust. Hiding currency value?? What are euro bonds doing? ?

[@naderjunaid6733]

In the real Universe, "Selfishness" is "The Fundamental Ingredient of "Evolution". The United States of America is based on a different Model as compared to EU which has many many contradictions stoping them to be One. I never understood Brexit but today I am convinced after listening to Nigel.

[@AJ-hi9fd]

The idea of being an independent free state is a good one. As a Brexiteer and a great fan of Farage, I’m sorry to realise that we have been sold out to the globalist agenda, and only a strong leader will rectify this and allow the UK to thrive. Yes the UK has an energy crisis, but its self made. Here in the UK we have 500 yrs worth of coal under our feet. We have a fracking industry potentially worth half a trillion pounds, we have oil wells which have been capped, we have unmined oil fields surrounding the Falkland Islands. What the UK needs is a strong leader to wave two fingers at the global elites who sit on their perch in Davos telling the rest of us how we are going to live. As for Prince Charles, I hope the weight of his sodding crown breaks his bloody neck.

[@Timothy_Pitt]

"The Virtue of Selfishness" Ayn Rand

[@noriemeha]

The EU evolved after the US but it is unclear from your claim, which model is it has the, "many contradictions"

[@richardkut3976]

Excellent thank you.

[@stitcheruk1150]

Any country can continue if someone else pays its bills. Essentially, Germany is funding the southern states with the ECB as the catalyst through Target 2. How is Italy ever going to repay its debt obligations?

[@egnazia]

🙄 Just a Myth. In fact Italy has always paid its debt at a premium and has been a net contributor to the EU budget. Unlike France, Italy has reformed its pension system, labour laws and before covid had a net positive budget before interests payment.

[@carlosdesousa6712]

The debts to the bully economy of Germany will NEVER be settled.

[@stitcheruk1150]

@@egnazia Your answer makes no mention of Target 2, which deficit is not part of Italy’s budget - just an ever increasing loan with the ECB. With a debt to GDP well in excess of 100% and, as you say interest is not covered within the budget, who is funding the debt interest ? Unless Italy’s GDP can grow by more than its debt interest cost, its debt to GDP will only get worse - an inevitable consequence of Italy being in the Euro and living beyond its means ( just as Greece was and realistically still is ).

[@stitcheruk1150]

@@carlosdesousa6712 I expect what you say to be the case. Just as with Greece, debts will be manipulated - although in the case of Italy the country has large indebtedness to the ECB. Only time will tell how long the ECB will keep funding Italy.

[@stitcheruk1150]

@@carlosdesousa6712 PS. Germany doesn’t force Italians to purchase their manufactured goods. It’s simply that German industry is more efficient and produces what Italians want to buy. In turn this creates a trade deficit ultimately funded through Target 2.

[@vallanceellis7569]

Watched it twice fantastic debaters.Both deserve credit.What ever your views.

[@jonathanlee5185]

Thank you, Daniel explains several parts of the case for the Eurozone quite clearly. There were some pleasant surprises (for me, a mild Brexiteer) in his viewpoint. It would be useful if he could kindly present a whole explainer video on the benefits of the Euro, perhaps.

[@Capitaltrading]

That's an interesting point Jonathan. An explainer on the benefits of the Euro could be good. We'll discuss it internally. In the meantime, if you're interested in trading USD/EUR take a look at this: capital.com/trade-eurusd

[@franciscouderq1100]

What is a mild brexiteer???

[@jonathanlee5185]

@@franciscouderq1100 Lol. Ok, I mean that, like many Brits, I think that the old EEC model of Euro-integration was better ~ just with continental free trade, but no extra bureaucracy.

[@joseph-be6me]

I realy enjoyed this Debate,

[@kerstenukatz8672]

Nigel is not totally right on the Germans benefitting from the Euro. He forgot to mention the target II balances (approx. € 1.2 trillion) according to which Germany has substantial receivables, mainly towards Italy. So, the exports which we are supposed to have benefitted from, have not been paid up to now. This is like going to a pub regularly and have all your consumption put on your bill. Hence, if these target II balances are never paid (and they will not), it is the German tax payer who has to pay for this. How disgusting and perverse!

[@crouchingtiger9108]

Germany won't benefit from the Euro in the long run but they were always the linchpin for the strength of the Euro and did benefit for a long time, being in that position.

[@Timothy_Pitt]

Yes, EU & zone, certainly disgusting & perverse

[@Capitaltrading]

That's a very good point! We will be producing another film to investigate this. Don't forget to subscribe and set your alarms for upcoming films.

[@kerstenukatz8672]

@@patricksweeney5308 like what?

[@Petronium123]

Germany is an export-oriented nation. This means they benefit from a weaker euro.

[@parthenipirate]

In Greece the Leros reservoir is a perfect example of what happens with Euro taxes.

[@KonstantinosSiamitros]

From the mid 50's to the mid 70's, the greek economy had the second highest growth rate in the world.

[@frankdunne2401]

The economy had no tax system, who paid for all the infrastructure.

[@KonstantinosSiamitros]

@@frankdunne2401 Economy without a tax system? On which planet do you leave?

[@remix-yy1hs]

@@KonstantinosSiamitros american made one

[@markhughes7927]

If the Euro is too general and the lira or drachma too particular - is there a serviceable middle way? Ditto policy formation?

[@basedglennuk]

Nigel🏆

[@cspdx11]

Nigel is a patriot

[@maryberdo6951]

well stated Nigel

[@absolempt4635]

Nigel did study economy ? plz study a bit more....

[@jaimet3235]

I am sorry, Daniel. But Nigel was spot on on about all said. I have no doubt both the EU and hence the Euro will be history way before you retire. And though I do agree that the EU autocrats may be better than our Spanish politicians (any others could be, given their appalling incompetence) the Spanish people, or for that matter the people of any other country, have a right to determine whether they would prefer to retain their sovereignty. I am disappointed that someone of your intelligence would have such difficulty understanding something so fundamental.

[@Cobalt1520]

I think you forgot how life was in before EU and the Euro. With all its negatives, being in the EU is still muuuuch better than not being. Also, people seem to forget why the EU was created, in the aftermat of WWII. Always be suspicious of those who rejoice with the division of European peoples.

[@barriepeck4377]

Nigel is spot on Daniel is very level headed a great debate

[@detlefderaad8096]

We need more people like Nigel Farrage. Germany is going down so fast.

[@raymondfearne8932]

Exactly Guy's, I worked for a Major High Street Bank here in the UK, until 1999. The worst thing they could announce, was bad debt, right off's! Running a house, Company, Country, basically, always amounts to the same outcome. It only offers Bankruptcy for the Lender & Damaged Business for the Banks. I'm afraid, back in the 1990's. Reforms were introduced, that encouraged both these outcomes & I fear they came from the States & Canada.

[@martinkineavy2973]

Ireland wants out of the EU now

[@markargent4962]

That didn't age well and it's only 6 days old LOL

[@londonman8688]

i agree it will be the German people who get sick of bailing out the rest of Europe

[@Otto72ish]

How can you be an "economic liberal" and also "hold a positive view on the euro". A clear contradiction!

[@jesusmurciego]

Just not being a true liberal, Daniel's euro fanatism is based in the national defeatism that was installed in Spain since the foreign driven transtition to democracy, at the dead of Generalissimo

[@waterbloom1213]

Financial standardization and access to the European Single Market meaning no trade tariffs are the reasons why. You have to examine the Spanish viewpoint; in his eyes the ECB, while not the most economic liberal institution, keeps the Spanish/Italian/Greek government reckless top-down economic approaches in check.

[@boddy212]

Any world without competition is a controlled world, Europe was better when they are in control

[@allanb52]

How nice to see a debate between two mutually respected players. It shows the MSM how you can have a difference in opinions, listen to the arguments and come to your own conclusion, without bias. The reason countries like Spain have done well, are the funds they got from countries like the UK, Essentially we paid for the entire development of a modern Spanish infrastructure.

[@touchofgrey5372]

Sounds like a paid commercial. Nigel had someone as a guest on his show about 2-3 years ago, predicting the demise of the Euro. That didn't happen! They predicted that the Dollar will crash too, THAT didn't happen either. ALL currencies will eventually fail. It's baked into the cake. But, as of now, the Dollar and the Euro are both very strong. So, debating wether the Euro (or the Dollar) will crash is like debating wether there is a paper currency that will survive for longer than gold as a monetary unit. It will never happen!

[@truxton1000]

Well the Euro is the worst of the large currencies, the Pound is solid compared to the Euro, at least in a longer perspective.

[@simonlooms6206]

A Good debate thanks 🙏

[@richardkarman3295]

Why should the northern parts of Europe constantly bail out the southern parts of Europe? From the start of the Union, we agreed the max national debt is 60% of GDP. Those agreements like others aren't held up too by the pigs and France. When COVID came the ECB had to start print extra money. Too bail out those countries. Printing extra money causes inflation what leads too price inflation. As a Dutchman I'm paying taxes and extra inflation too help those countries. I'm all for a NEXIT.

[@Timothy_Pitt]

You are showing some sanity still exists in Netherlands. I have been beginning to wonder

[@richardmoloney689]

Cuz Latino girls are pretty

[@franciscouderq1100]

Richard, you are a funny folk and economy is not your strongest point for sure

[@waterbloom1213]

As a Spanish citizen, I agree. Netherlands and Germany should not fund the incompetence of our public officials. Delaying pain only makes things worse.

[@douglasc4875]

Good debate, If everyone just gave us half an hour to listen and try to understand the arguments what a change we would see. Thank you, time well spent

[@vapoureyes]

The important issue here is that European’s have a cultural identity not like the USA where is it a mixture of cultures because of setters from all over the word . European’s still want to have their own traditions and fly their own flags , the people never had a vote to join EEC. Can’t understand being ruled by failed politicians who we never voted for . The common market was a better system .

[@Heatwave9000]

Hence why many eu countries are moving towards nationalist governments rightfully so

[@Bosco12ful]

Considering all the mistakes made by politicians and economists during the past years. The situation is becoming unbearable worldwide. I suggest that the G-20 along with other major countries should sit at the same table and erase all the debt and start from scratch with a new model. A model based on Jubilee year policies. It is unbearable. Depreciation and inflation ( currency loss its values) do not work anymore.

[@AJ-hi9fd]

Wake up, there is a new model, it’s called The Central Bank Digital Currency, along with the Social Credit System. Coming to you very soon. When this takes over, don’t expect your savings at the bank to still be there!! Get your money out of the banking system before it’s too late, invest in something tangible, something you can see, or hold in your hand. Land, property , gold silver etc, tangible assets, or wave goodbye to your wealth.

[@hadican96]

A fascinating debate!

[@chriscambridge5737]

Great video, really interesting. NF at his best, but equally the PhD Spanish guy also did really well to get the EU's point across also. I guess time will tell what happens.

[@truxton1000]

The introduction of the Euro in Germany was in reality a "peeing in the pants" moment for German industry. As the Euro became a cheap currency that meant that German industry could out compete most other nations industries it meant a huge boost for German companies and economy. But it came with a price, the EU and Germany WILL pay the price sooner or later. When this happen the economic problems in Germany will be mind blowing, comparable to what happened in the 1920's. Let's just hope the result will not be another extremist like Adolf taking power. Thank God they don't have nuclear weapons.....!

[@kubhlaikhan2015]

An arsenal of nuclear weapons is permanently stationed in Germany.

[@truxton1000]

@@kubhlaikhan2015 NOT controlled from Berlin at all so for Germany it’s useless in that respect.

[@GM_-]

Actually, if you look beyond the superficial statistics you'd realise that the more things change the more they remain the same. Germany, Japan and South Korea. Zero nuclear weapons, but the biggest stocks of uranium and plutonium outside of the P5 nuclear powers. Built up as an end product of decades of operating dozens of reactors. You can be pretty sure if it comes to a crisis situation they'll be weeks away at most from deploying actual nukes. Given a few years, hundreds of warheads and delivery systems.

[@franciscouderq1100]

Motorman : you are not very bright, are you ?

[@holdfast453]

@@truxton1000 Hitler was good for Germany before he went on the warpath. Now everyone is shaking with fear of another Hitler that’s why we end up with Mrs Truss - the chihuahua PM who couldn’t tell Russia from Ukraine

[@londonman8688]

will ireland look to join the UK ? They have milked all the money they can get out of the EU, the issue will be their taxation levels

[@architectpage7275]

I get sick of people saying Thatcher did it - MT had fantastic team in depth

[@richardmoloney689]

Yeah, she gave us the single market and customs union. Great woman.

[@kubhlaikhan2015]

Every single policy of that government was either reversed while she was still in office or has resulted in a debacle in the years since. Look at the state of housing, look at the deregulation of finance, look at the privatised industries...

[@joniruretagoyenafesta4417]

The moderator should at least pronounce correctly the name and surname of Daniel Lacalle.

[@josevilas4927]

Farage is talking about the Euro and he does not see how the sterling pound is falling. August 25th, 1980 a pound = 2.40 U$ October 15th, 2007 a pound = 2.05 U$ June 27th, 2014 a pound = 1.70 U$ August 10th 2019 a pound = 1.20 US September 7th 2022 a pound = 1.14 U$ I just wonder how low it will be for 🎅 🎅 CHRISTMAS. Farage should be concerned about his OWN currency .....let`s us worry about ours.

[@remoanersrknts6736]

Traders are buying Dollars and selling European currencies because America is not effected by the Ukraine conflict. ... Surprise!!! P. S : Thanks for highlighting that the Pound suffered steady decline while we were in the eu regime! ... so much for the benefits of EU membership eh? 😂

[@jslevy2597]

Well the Euro did not crash in 2022. But the pound did!

[@markpass4215]

And what does Nigel think of Sterling…a country with a colossal current account trade deficit..dependent on the generosity of foreigners..Sterling Dollar parity Nigel..enjoy that 🤣..every country has major problems..not least Germany thanks to it’s Energy policy and the retreat of globalism Germany’s manufacturers are facing immense cost difficulties and a contraction in exports they depend on. Italian industry is growing..the UK hardly has any industry left

[@vinniechan]

The UK is still top 9 or 10 manufacturer in the world by value Yeah the country needs to take steps to balance its trade deficit a bit This is sth Bojo government is trying to do (tho u can criticise how he goes about it or boosterism) and it has a long way to go in that

[@Mute040404]

While in the EU, the UK blindly followed the green agenda ... hence why we now rely on energy imports.. We (& the EU) need to reverse the trend, but it's going to take time

[@truxton1000]

That is wrong, you have clearly no idea about UK manufacturing.

[@franciscouderq1100]

mark , thank you at least you are keeping up with reality unlike most around here

[@franciscouderq1100]

@@vinniechan is a funny girl!!! Hold my hand Vinnie before you cross the road.

[@samcarena4702]

The only things that are collapsing are the UK pound and economy

[@voodoochile333]

There is a reason why there is no outcry from the UK to get back in the EU. The EU is just as in trouble as us. They are not showing us any advantages of going back in.

[@tedcrilly46]

What makes you think you're even wanted back. Adios.

[@remoanersrknts6736]

@@tedcrilly46 Because small insignificant members like yours need our Money! Lol!

[@tedcrilly46]

@@remoanersrknts6736 small, insignificant countries like yours need our market. welcome to the brexit.

[@stevencrighton6890]

The UK is out of the eu. Shouldn't nigel be more concerned about his own country than still rambling on about others. He should actually thank the eu for making him slightly relevant

[@senditbaby]

So, Daniel's primary argument is that before the Euro and without the Euro/EU 'things would be much worse'. Absolutely no rebuttal of Nigel's thesis that it's an horrendous kludge. Basic tacit agreement, but 'it's better than nothing'. Fantastic. 10-0 to Nige.

[@DiogoJ1]

Very unlikely. If that's all it took for the Euro to crash, then it would have done so in 2008.

[@billbailey1357]

QE and -ve interest rates have kept the Euro alive since 2008. Now rates are going up, and QE is supposedly halting, the can isn't going to be kicked again so they say. Soon we'll discover how strong the Euro actually is.

[@DiogoJ1]

@@billbailey1357 That's hardly concerning, they aren't high enough to be a problem. Indeed we will, and the east will be taught that understimating EU will show how ignorant they are about how we function.

[@MrNosnikta]

Excellent, clear discussion. NF as always clear, concise & realistic.

[@markargent4962]

You all been saying the same crap for over 30 years. It will still be here in another 30 years .

[@danielsolodov4222]

Great conversation! And yet to think all these troubles needn't have happened...

[@MishkyGammy]

I have a technical comment, remove the animation on your left and center logo on top, it's very distracting to the viewer

[@ramjipatel2306]

I agree with Nigel Farage views!

[@jorgeldejesus8465]

as Always Nigel is right on spot, he is so right on all points , other is just wishful thinking and empty words .

[@tmr3109]

I don't think that Europe is terribly split, I think that the European sentiment is still very much alive, Mr. Farage! I think that Brexiters such as Farage would love for Europe to split, no question.

[@franciscouderq1100]

Meanwhile he is cashing on his EU pension

[@Bertie22222]

Some very good points made by both men. It seems to me that the Euro and the politics behind it is one huge and difficult balancing act.

[@stephenh5838]

Not only is it the end of the Euro it’s the end of Europe in its present format

[@franciscouderq1100]

Two phrases contradicting each other, bravo

[@SB-ju8ki]

Farage is right as usual!

[@petermontgomery8707]

So who is it that I can ultimately hold accountable for decision making in the EU.? how do I remove them if they’re not up to the job?The vast majority of legislation is passed through majority voting.

[@khankrum1]

Economists make Astrologers respectable!

[@Capitaltrading]

Had a little chuckle when we read this 😅

[@livingbreadandfood1155]

it never worked it doesn't work and won't never work..

[@gillygrey6545]

Nigel is always good to watch and listen to , and he knows what he is talking about, entertaining as ever.😊👍

[@anthonymctigue9038]

GOOD MAN NIGAL

[@Tridhos]

Michel Barnier relates how he asked Farage what would happen on the day the UK left the EU. The reply, On that day the EU will collapse. At about the same time appearing on an Irish radio station he predicted that Ireland would follow the UK out of the EU only to be told that the latest poll showed over 80% in favour of remaining in the EU. Farage is the last person you go to for prediction, mystic meg has been right more time than this guy. At the last election he threw his support behind Johnson after telling us that his Brexit party were going to get as many MPs elected as possible so that they could ensure no backsliding on Brexit from the Tories, needless to say he bottled out and allowed JOhnson a free run. Brexit has been a disaster with Farage now telling us this is not the Brexit we voted for. One thing is for sure it is the Brexit that I voted against.

[@franciscouderq1100]

Tridhos: indeed you are right Farage is a typical weathercock this is why he is most often very wrong as soon as mid and long terms are observed.

[@yumorules]

you're a globalist. you guys wont win.

[@jozseftakacs2649]

No one seem to take into consideration the rise of the GOLD backed currencies of the BRICS Countries. That is in direct competition of both the euro and the us dollar....

[@danihedberg105]

It is exactly the opposite of Farange, small countries needs Europen union and small busness needs Euro. Big countries can get it by them selves and big business can cope with 27 currensies, not the small ones.

[@kubhlaikhan2015]

Used to manage just fine, even when there were 240 pence in a pound.

[@danihedberg105]

@@kubhlaikhan2015 Pls, no one can count in your currensy.

[@kubhlaikhan2015]

@@danihedberg105 Sadly we only have to count everything in pounds today so it would hardly matter

[@markgillett5679]

Nigel logic is based on facts He’s right euro is based on political ideology We’ve seen the result of that in the past ,

[@paultaylor7947]

Europe seems to be getting more divided all the time

[@truxton1000]

Europe was never united, EU was and is an illusion created by dreamers.

[@davidrenton]

and being divided both economically and culturally while being tied together will cause it to implode. If a marriage isn't happy , divorce. How can forcing them to stay together help anyone

[@user-cg4pi5fi9u]

Great debate. Well presented. The EUR/USD rate on my trading charts is going down to .80746 MINIMUM. The same charts showed the EURO going down to parity v US$ when the exchange rate was 1.23610. The Eurozone will look at lot different in 5 years time.