Re: 11th November
Originally Posted by
Solasch
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The federal states of america chose one currency. What is good for america is good for europe. Even the federation of states called united kingdom has a single currency. So there must be a rationale behind the principle?
Control a country's finance and you control the country regardless of laws.
The USA has a long history of war and confrontation concerning who gets to print the banknotes. When the government have that ability, all is well and the country prospers because inflation and related matters are managed for the good of the people. When the banksters have the ability to print the notes it all changes. They charge interest for the money they print and greed and profiteering mean they can hold a country to ransom. The USA crippling debt could be eradicated reasonably quickly if they just abolished the Fed Reserve and took back control of the money printing. But the politicians won't do it. The senate could do it. But don't.
The same nonsense will happen in the EU. Once they get a single currency all the way across the money printers will control everything.
Those who maintain their own currencies generally prosper because the currency is managed for the good of the people.
The EU is already engaged in Quantative Easing to try and cope with its failing economy. It will eventually collapse of course and it will be the little people that suffer when it does.
Look what happened to Greece. A bankrupted country but the banksters and financiers were bailed out by the EU and the little people left to swing in the wind.
We should never ever go into the Euro.