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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

    • 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.