Like previous articles, in the RKT macro library, I shared about the G7, as well as the history of the formation of the EU common currency...

We know that to join the EU commonwealth, Greece used Goldman Sachs Bank to falsify books and embellish data, and after joining this commonwealth, the nature of the Greek nation changed. cannot keep up with other countries, even affecting the overall situation in the bloc.

Greece currently owes 193% of GDP, while the country's GDP is 217.6 billion dollars, meaning Greece's debt is over 400 billion dollars, making 200 debt 400 billion dollars.

In the EU, the strongest is the UK, followed by Germany and France.

Because the UK sees that, it definitely wants to secede, escape from the EU, and officially implement it on Saturday, February 1, 2020, called Brexit.

Even though the UK leaves the EU, they will lose many privileges such as taxes, support for the bloc... but they still choose, because they cannot just drag the rich guys down, because if they print money to save Greece, who will? If you are rich, the more money you keep, the more inflation there will be, but if you don't save it, you won't be able to do it. The entire EU cannot have a country that goes bankrupt.

After the UK split, the two rich guys, Germany and France, were responsible for this house. They could not kick Greece out of the EU, because it would create disunity and a bad precedent, so keeping It's hard but not keeping it is also hard.

And Germany was forced to save Greece with its current debt of more than 400 billion dollars.

Why is it Germany and not France?

Yes, Germany is Greece's largest creditor, Germany and Greece are like the FED and the US government, to put it simply.

And France is doing its best to suck the African pie, with no benefits in Greece

(The following article will write more about France)

For the past 73 years, Greece has owed Germany everything from money to love and support

Germany benefits 1 billion EU from the interest that Greece must pay

The fact that Germany pushed an amount of BTC onto the exchanges, if using this money to solve financial problems, it is not strange, because in the current situation, the EU has reduced interest rates, they cannot pump more money, they must Choose to pump more goods and increase goods on the market.

What's scarier is that other countries that have confiscated BTC from criminals will also do the same before BTC plummets, that's what's scary for our Crypto brothers.

The release of a large amount of BTC by the government is also a way to increase goods, instead of pumping money, the problem is that this amount of goods released will create selling force that will cause those goods to decrease.

- Currently, except for the US and Germany, the UK, Netherlands and Australia all transfer BTC to exchanges, Asian countries such as India, China, and Korea also confiscate equally from criminals, but have not seen any movement. ..

The political context of Western countries is also in the midst of elections, and within the US there are also states that want to secede like the UK and the EU. So the amount of money needed in the campaign will have to be a lot

This state that wants to secede from the US has an area larger than France, twice as large as Germany and Japan, a GDP of $1,700, higher than Canada, the 10th largest economy in the world, the 7th largest oil industry in the world... .

The next article will be written more clearly for those in the 6-month Macro class to understand