From State Debt to State Money

The euro, the most expensive money experiment ever

The euro will probably be remembered as the most expensive money experiment ever. Since the start of the project in 1970, it was already known that the experiment was doomed to fail, but bankers and hard headed politicians pushed for the common currency anyway. The point is that a common currency can only work in an economically homogeneous area. [2] [3] [4] Here is why.

When consumers, in countries with fewer possibilities for productivity, prefer cheaper and better products from abroad, the exterior debt will increase. At the same time the country’s own productivity will decrease. A country disposing of its own money can then devaluate it. That makes the imported products more expensive for its own population and the export products cheaper for foreign purchasers. The debt will decrease and the productivity increase again. Devaluations were very common before the Euro started. The Euro works like a fixed exchange rate. Less productive countries are trapped like rats. They will never be able to get out of debts again. That is why the chosen method of loading still more debts on these countries is a strange and ill one.

Euro coupled with EU-membership

The bankers have succesfully lobbied for the rule that we can’t leave the euro without leaving the EU. Well, that kills two flies with one blow.

The EU

More and more people become aware that the EU is much less democratic and social than the citizens in Europe want. Although it was that way right from the beginning, many are finding out only now that the European Parliament is a mockery and not a real parliament with democratic power. Also, more and more people are finding out the European Commission (EC) and the ECB draw all power towards them. By the way, for the EC and the ECB the ESM-treaty [5] will be the breakthrough that puts all national parliaments off the side. For them the ratification of this treaty seems to be a piece of cake, as most parliamentarians are still sleeping or cannot believe it. (Or are they accomplices?)

The European Union has the free market economy as laid down principle. Meanwhile, almost everyone has understood that the deregulating of banks, the privatization of infrastructures and the abolishment of governmental tasks lead to a harsh society harassed by crises. Those principles are outdated. The partisans of these principles will only succeed by imposing them by violence. Greece won’t be the last victim.

The IMF-scenario

The EC and the ECB now cooperate with the IMF to crush countries with too high debts under still higher debts. The scenario to seize power has been applied by the IMF many times over the past fifty years. That scenario goes like this: maneuver a country into difficulties, and as soon as is gets into debt, crush it under gigantic loans in a such way it cannot even pay the interest. Subsequently keep the country under guardianship and make sure the government gets completely weakened by imposing ever more spending cuts. Let the population bleed, then it will be content more quickly when they get some air. And as soon as things are severely disorganized, let foreign investors buy the country’s wealth and introduce an absolute free market economy.

We too

Anyone who thinks it over for a minute sees that with the scenario of the emergency funds all Euro countries end up in debt. This too has already been anticipated in this criminal scenario. The massive loans first serve as a pretext to impose a guardianship. As soon as this is accomplished, they can declare the country will never be able to pay back its loans. And with these broken loans they can maneuver their next victims into debt; these are the governments that warranted these loans. They will have to cut spending to pay for the losses. And for all countries the same refrain will be repeated over and over again, that governments must cut spending, cut spending, cut spending. Until hardly anything is left of the role and function of the national governments and Brussels can take control. Of course this will be accompanied by enormous social unrest. You can read the rest in Naomie Klein’s book, The Shock Doctrine.

• Become A Funded Futures Trader