Registered: Jan 2006
08-28-12 09:53 AM
Quote from morganist:
With respect that was the point of the article. The article suggests the economic union should be scrapped for political union similar to the pre euro era.
I did understand your point, but I meant that maybe the peaceful periods in Europe are only periods of time in which european countries, primarily one of them, prepare for the next war.
Let me explain.
There is a small clause in the ECB statute that forbids it to finance states. To prevent inflation, they say.
The 2% inflation target wasn't enough ?
And why the criminals at the Bundesbank didn't complaint while the real estate bubble was inflating in Europe and while M3 was growing at 10%/year ? M3 at 10% isn't inflation ?
We are at war right now and that ECB clause is the best weapon ever conceived, Hitler is red with envy.