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Arthur Hayes Advises Withdrawal from European Assets to Bitcoin and Gold Due to Massive Money Printing in Eurozone
Summary: During his keynote speech at the Token 2049 conference in Singapore this year, Maelstrom CIO Arthur Hayes warned that France is facing a serious capital flight crisis. Data from the European Central Bank's Target Balancing System shows that since 2021, capital outflows from France have been the highest in the Eurozone, with French citizens transferring ...
During his keynote speech at the Token 2049 conference in Singapore this year, Maelstrom CIO Arthur Hayes warned that France is facing a serious capital flight crisis. Data from the European Central Bank's Target Balancing System shows that since 2021, capital outflows from France have been the highest in the Eurozone, with French citizens transferring funds to Germany and other countries.
The core issue lies in France's net investment position being negative at 38% of GDP, unlike the US which has reserve currency status and relies on surplus countries like Germany and Japan for financing. However, Trump's 'America First' policy has led to funds flowing back to Germany and Japan, cutting off the money supply to France.
Hayes pointed out that the European Central Bank is in a dilemma: not printing money to support France will lead to a Brexit crisis, but printing money will result in losing fiscal control over member countries. He estimated that if France implements capital controls, the European Central Bank may need to print 5 trillion euros to bail out the banking system. Hayes advised investors to withdraw from European assets and turn to Bitcoin and gold, as the Eurozone is bound to face massive money printing regardless.
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Link: Arthur Hayes Advises Withdrawal from European Assets to Bitcoin and Gold Due to Massive Money Printing in Eurozone [Copy]
