Post Brexit Transferwise

#21
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i dont see anythin wrong with europe - good standard of living, and safe unlike many other shitholes in this world. You can change your tax residence, but I dont think many of you will give up your EU passport, I certainly will not, in fact I have gained another one.
 
#22

Europe has been the major consumer of the world for ages. With the purchasing power becoming lower and lower, and with legislation becoming more strict and less liberal, this power that Europe holds will be lost in a few years. UK is leaving and most probably with no-deal. France is becoming one of the most dangerous countries to live in (due to extremely open-doors policy). Industry, although there is huge money being thrown at it by EU (due to its members own contributions), it is not sustainable by itself on the long run.

On the other end, China already has the biggest middle-class in the world (the one that moves the economy forward). United States will remain strong because of their huge capacity of making turn-overs so quick, and flourishing from the ground in just 1/10 of the time the other economies do.

So, yes, the prospects are not good for entrepreneurs in Europe. It will be a very nice continent for the ones that are used to live on the back of the others taxes. With few freedom and a standard boring life.

In a few words, a socialist place ran by capitalist politicians. You will fatrt and even that will be traced back to your anus.
 
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#23
Basically the post pandemic era will be the transition to a multipolar world order.

USA,China and Russia. Not quite sure about the EU. EU was in total chaos long before Covid.
 
#24
The EU is going to have a lot of social and cohesion problems in the block going forward as basic freedoms you take for granted are eroded and economic woes trend.

China on the other hand is pretty much the future whether you like it or not sadly. It has nearly 20% of the worlds population and found a way to bring 800m people out of extreme poverty in 30 years. That's nearly double the population of entire EU brought out of poverty. There purchasing power will only increase and with that comes influence...ask German car industry how the car export market to China has developed from nothing to......

Anyway back to subject....
 
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#26
dvm said:
This is rather a US's and EU's achievement. Haven't they relocated their manufacturing to China, China would still have been floating in the same s**t.
Click to expand...

True but China knew to create a climate (aka trap) for greedy foreign businesses to make use of their cheap labor. China clearly did the "yes sir, I do it sir, no problem sir, we do it cheap sir" to westerners. They had a long term game plan all along and executed it to perfection, including stealing technology when needed to advance their own.

They have now overtaken the US for technology i.e 5G, Ai etc to the point the US has no answer but to ban their tech. However China has overtaken the US now to become the worlds biggest economy. Let that sink in for a minute.

https://www.msn.com/en-xl/news/othe...s-world-e2-80-99s-largest-economy/ar-BB1ac3Hm

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China has now overtaken the US to become the world’s largest economy according to the IMF’s World Economic Output 2020 released recently.

The International Monetary Fund (IMF), using the more reliable and now widely accepted yardstick, called the Purchasing Power Parity (PPP), has determined China’s economy at $24.2 trillion compared to America’s $20.8 trillion.The PPP calculation method used by the IMF enables you to compare how much you can buy for your money in different countries. The economists have traditionally been using MER (market exchange rates) to calculate GDP, which doesn’t reflect the real figures. The MER method is being viewed with extreme suspicion because it underestimates the buying power of the currencies of many countries. As a result, the currencies of many nations are undervalued against the dollar.

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