tag:blogger.com,1999:blog-27932062.post8657459377617654306..comments2023-10-10T15:39:35.168+00:00Comments on Centre for European Reform: What currency wars mean for the eurozoneCentre for European Reformhttp://www.blogger.com/profile/06815454225955436329noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-27932062.post-56898189874095614632011-01-10T13:13:14.632+00:002011-01-10T13:13:14.632+00:00Global finance and business is the new battlefield...Global finance and business is the new battlefield of the 21st century. Currency wars are an integral part of the strategy. Governments across the globe are trying to boost employment, and one of the best ways to do so is by increasing exports.<br /><a href="http://www.financemetrics.com/the-currency-wars-of-today/" rel="nofollow">Money</a>Paraghttps://www.blogger.com/profile/06252372041858393646noreply@blogger.comtag:blogger.com,1999:blog-27932062.post-67227619684870350542010-10-30T21:32:57.843+00:002010-10-30T21:32:57.843+00:00The above comment is rubbish.
1)It is absurd to d...The above comment is rubbish.<br /><br />1)It is absurd to disregard the reality that Euroland is a collection of nation states. Historically Europe has been a collection of different sovereign nation states. The recent unrest and the voted down referenda on the european constituntion prove that the public at large wants nothing of a centralised european governement.<br /><br />2) The bad guys are the people printing money. If you and me print money, we get arrested and thrown in jail. If central banks print money, it is somehow perfectly okay. By some on TV it is even called 'saving the economy'. <br /><br />The fact that the ECB prints less money than the FED (as the dollar/euro rate indicates) makes them less of a bad guy than the FED and the Bank of England. But they are still bad guys. <br /><br />The good guys are the Austrian economics, Ludwig von Mises most notably, who predicted the fall of the central banking system as early as 1912. He called for a abandonement of fiat currencies (that are based on debt) and for a return to honest currency, based on valuable assets (like gold or silver).<br /><br />It is the hybris of the central bankers, creating money out of debt, pretending they are god, taking society at large in whichever way they choose that is bringing the world to disaster.Paul Brinkkemperhttp://itu.dk/people/pdbr/wordpress/?p=30noreply@blogger.comtag:blogger.com,1999:blog-27932062.post-3597932637491365852010-10-15T11:19:01.773+00:002010-10-15T11:19:01.773+00:00This article is rubbish.
1 It is absurd to look a...This article is rubbish.<br /><br />1 It is absurd to look at Euroland on a nation state basis. Euroland is one economy and should be looked at as such.. The German government, French government etc are the Euro equivalent of Scunthorpe Borough Council.<br /><br />2 Who are the bad guys and the good guys? Clearly the USA and the Uk who are busy manipulating their currencies. It is called 'beggar my neighbour' and so we read in our economic text books. a major problem in the 1930's.<br /><br />It is the selfish attitude of the politicians of the USA (and the British but who cares about them) that is bringing the world economy to disaster.Anonymousnoreply@blogger.com