What are the credit notes backed by? Hahaha, what are Euros backed by? Or are they effectively running a ponzi What is the ECB running? You have to remember,

What are the credit notes backed by? Hahaha, what are Euros backed by? Or are they effectively running a ponzi What is the ECB running? You have to remember, this is exactly the same thing as how our official money works. Someone just gives it out and creates it from nothing. Frankly, private currencies are the solution if the state-backed currencies fail, and they seem to fail more than they should. Not to mention, the Euro is dictated from outside, not even from a central bank in the country but from the ECB who has no clue what's happening and needed in South Italy. A classic disaster of centralism.