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Not just a common currency area, most of the world, but is there anything wrong with that? Somebody has to have savings to stand up to the corporates. Its what

Not just a common currency area, most of the world, but is there anything wrong with that? Somebody has to have savings to stand up to the corporates. Its what Obama's Diesel-gate was all about! Obama (remember him?) was telling Merkel to run a trade deficit, but stepping back, what you have are different countries dictating policy to other countries, in this case the US dictating to Deutschland how to spend their money. The meme being pushed in financial circles is "debt is money", when what they really want to say is the biggest borrowers get to dilute their currency the most and dilute, which can be read as weaken, the purchasing power of other people. So you see countries like the UK ramping up house prices, mortgages creating new money in the absence of the UK actually making anything of any worth, shelter is also on the lower tiers of Maslow's Hierarchies of Needs , the British Media pumping out thousands of hours of property porn to reinforce Asch conformity, is all in all a highly intelligent way to control people using stealth means! init(clever);

mardifoufs 4y ago
bobthepanda 4y ago
I mean, the US saves very little money and yet was able to stand up to VW Group, so I'm not sure what "has to have savings" has to do with your example. Obama's observation was that you can't run a trade surplus with Southern Europe for decades and then get all surprised when they run out of money to pay you with. In a similar vein, you can't have EU cross-border banks without a EU cross-border insurance deposit scheme, because then one bank can potentially drown a small country, which is what happened during the Eurozone crisis.
- Terry_Roll 4y ago
  Debt dilutes the currency because money is created every time someone takes on debt, it means your overseas creditors ie other countries get their money back, but its worthless today than in the past, because this is monetary inflation, not to be confused with the man on the streets inflation which is price rises. At the end of the day its just an intellectuals way of keeping the plates spinning and the uneducated in their place. Now it also happens this is a way for banks to wrestle power away from the politicians, just like stock market listed companies can put a ban on recruitment when a new political party comes to power, increasing unemployment. Its hard for Govt's to prove this, because legislation isnt the brightest, in fact, legislation can create fake science. Its a massively complex subject and education is the first step in divide and conquer.

mardifoufs 4y ago

bobthepanda 4y ago

I mean, the US saves very little money and yet was able to stand up to VW Group, so I'm not sure what "has to have savings" has to do with your example. Obama's observation was that you can't run a trade surplus with Southern Europe for decades and then get all surprised when they run out of money to pay you with. In a similar vein, you can't have EU cross-border banks without a EU cross-border insurance deposit scheme, because then one bank can potentially drown a small country, which is what happened during the Eurozone crisis.

Terry_Roll 4y ago
Debt dilutes the currency because money is created every time someone takes on debt, it means your overseas creditors ie other countries get their money back, but its worthless today than in the past, because this is monetary inflation, not to be confused with the man on the streets inflation which is price rises. At the end of the day its just an intellectuals way of keeping the plates spinning and the uneducated in their place. Now it also happens this is a way for banks to wrestle power away from the politicians, just like stock market listed companies can put a ban on recruitment when a new political party comes to power, increasing unemployment. Its hard for Govt's to prove this, because legislation isnt the brightest, in fact, legislation can create fake science. Its a massively complex subject and education is the first step in divide and conquer.