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DanaThomas posted an update 6 years, 1 month ago
I know that US members will be focusing on domestic issues, but today is a day for celebratiion in Europe: the euro and the EU are de facto coming to an end! Germany’s publicly owned bank, Kreditanstalt für Wiederaufbau, will “print” a mega issue of (for the moment) 550 billion euros ($610 bn)to help its economy, thus suddenly reversing 20 years of crucifying the other EU countries on the “cross of austerity”. The EU- fanatic politicians in other countries do not yet seem to understand what has just happened, and amidst the health-related issues are still marching forward like those wind-up toy soldiers, with their PC craziness, fear-mongering language and talk about privatization and spending cuts. I think @Joseph and Catherine will have a lot to talk about in the first Quarter wrap-up!
https://finance.yahoo.com/news/european-markets-rally-germany-pledges-081002736.html
The Giza Forum (Legacy)
Closed Archive of The Old Forum
Ha… that says it all. Germany might just have well have printed Deutschmarks again, but it was nice of them to let us know who was really in charge all along.
Let’s see if this is seen to be a parallel currency; that would be a trigger for other countries to do the same.