Full Blown Stupid Occurs!!!! Euro Economics!!!!!


I just don’t have much to say on this.  The depths of stupidity in the writing and the depravity advocated towards Europeans are beyond my fathom.  Things which I see as things which can’t possibly be, are.  The entire lack of thought is something I simply don’t understand.  Sure, if one isn’t writing about it, one can easily not think about it, but, one, indeed, many are writing this stupidity and they continue to delve deeper in their stupidity.  It seems they have a contest as to who can go the deepest into stupidity. 

As we know, the Eurozone is having a horrible economic struggle.  The reasons are many, and many of the reasons are obvious. I won’t go into them, because I’m tired of pointing out obvious truths to people who will never listen.  So, I’ll just post and then comment a little..

ECB under pressure as inflation falls again

LONDON (AP) — Inflation across the 18 euro countries dipped further toward zero in September, piling pressure on the European Central Bank to pull the trigger on its biggest stimulus weapon — a large-scale program to create new money…..

I just don’t have words.

Why don’t we all make a law where all of our respective currency is suddenly worth double its face value?  If creating new money is a solution to anything, wouldn’t that solve all of our currency problems?

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45 Responses to Full Blown Stupid Occurs!!!! Euro Economics!!!!!

  1. Jason Calley says:

    If printing money will fix the economy, why don’t they just repeal the laws against counterfeiting? Wow! I must be an economic genius!

    Obviously, they do not really think that creating money will fix the economy. They understand clearly that creating money is just a way to enrich themselves and their buddies. “Fixing the economy” is just the sleeping spell they chant to keep hoi poloi from watching too closely.

    • suyts says:

      Nobel prize winner, if I ever saw one!!!

    • DirkH says:

      Jason, it is important WHO gets to counterfeit. The state hates competition.

      Moneyprinting is simply a way to keep the little guy in his place. During Gold standard up to and including Bretton Woods the wealth disparity between rich and poor was shrinking. Since end of Bretton Woods it is exploding.

      Inflation constantly eats away at the savings of ordinary people, and they MUST have savings for a rainy day. As long as they keep them in cash, or on bank accounts denominated in paper currency, they keep on losing.

      • DirkH says:

        Oh, and the ability to print paper money gives a state the ability to enter endless wars. One could say that a paper currency is a war currency, and that for a peaceful world, we must outlaw unbacked paper currencies. Issuing a paper currency should count as an act of aggression in preparation for an attack war; and immediately confronted by the international community.

        Of course, this would make empires impossible.

        • Jason Calley says:

          Hey DirkH! Man, you are batting a thousand today!

          Interestingly, even though Bitcoin is essentially a fiat currency, because it is restricted in a way similar to commodity backed money, it may (if ever adopted) limit war also.

      • Jason Calley says:

        Excellent points. Increasing the money supply is a way of picking the pocket of the little guy, while the people who have access to the new money while it is still “hot” get richer and richer. There is a reason why the Constitution still has that clause demanding that only gold and solver be used for money.

  2. Lars P. says:

    Well if they just want inflation, why not just dump 1000 eur per month to each european?
    You have then the “desired” inflation and more, you get people spending money directly to “fuel the economy”.
    Or better the other way around, reduce taxation with 1000 eur per head?

    • DirkH says:

      CFR has already had one of their mouthpieces float exactly that idea in their journal “Foreign Affairs” last month – distribute free freshly printed Dollars to each American citizens.

      So, on the way to paper money heaven that is likely what comes next.

  3. squid2112 says:

    Words simply escape me just now …

    Oh, BTW, it isn’t “they” that are so stupid. Quite to the contrary. “They” are just counting on ( (and successfully so) for everyone else to be that stupid, and to put up with this sort of shit. It works just as well here in the U.S. too.

  4. phodges says:

    Well if you consider the goal is to impoverish and enslave us then the policy makes perfect sense.

    • Jason Calley says:

      +1 even though I wish you were wrong…

      Almost all our national policies make sense once you stop believing that those policies are designed to help the average citizen.

      (By the way, I am still very optimistic about the future of humans and the growth of individual liberty. We are in that awkward stage where information technology is decentralizing access to power and information, but the traditional powers are still trying desperately to hang on to their authority.)

  5. Bruce of Newcastle says:

    Stockmarkets in the EU crashed today because Draghi didn’t announce more money printing.

    That says everything you need to know about the EU.

    • DirkH says:

      Since 2000 a quarter of Italian industry vanished. And a whole bunch of the survivors are now owned by German companies.

      Put economies into a (currency) cage with Germany, wait a decade, open the door, and out comes a very fat Germany.

      • Me says:

        I doubt that, rumor has it that Japan tried to do it, but then again, maybe they just loved the freedom and embraced it. Success all around, until lately but everyone in in the same.

        • DirkH says:

          Southern Europeans have had wage increases all through the Euro years, fueled by credit, while Germany slumped in 2003 and industry and unions agreed to protect jobs by not increasing wages for a while.

          So, year after year, Southern Europe lost about 5% competitiveness…

          Right now, Tesco, the supermarket chain in UK, is being eaten alive by German rivals Aldi and Lidl… who have fought each other for so long they’re tough as nails.

        • Me says:

          I guess China with their basic dictatorship, as our future leader to be here says that he so admires, with no resourses left will also try as well. Just like Japan as I was told tried.

        • Me says:

          Now the difference is Germany and Japan both are excellent engineers and make top quality products. Continue please.

        • DirkH says:

          China is catching up fast.
          USA imposed Maoism on them in about 1945; that slowed them down, – oh, just like they imposed Bolshewism on Russia, does anyone see a scheme here?

          Well anyway. The sinoid people have a higher brain volume than caucs. That’s the reason they get negative affirmative action points in the US, to stop them from taking all university seats.

          Be afraid. The Chinese that I work with are very smart people. First proof is, they actually learn proper German. Heck they even read our literature, and that’s tough.

        • Me says:

          I would take no pride in that, nor would I condem the Chineese for looking after their own as we would or you would with your own. We all do it, but!!!!! where did they get all their new found wealth from?????

        • Me says:

          It can’t be prossessing rare earth metals, or they wouldn’t be trying to buy all the gold.

        • Me says:

          So how can they do that with something that is more valuable than gold as per-se???
          Whatis the standard Gold or REM….. or is it something else??????

        • Me says:

          So now do you all understand why they are going after carbon?

        • Me says:

          Maybe you can ask this Stefan Molyneux???

        • DirkH says:

          Me says:
          October 3, 2014 at 2:11 am
          “where did they get all their new found wealth from?????”

          By working.
          Bill Clinton gave them most favoured nation status in 1999.
          Probably because he rehypothecated (a.k.a. stole) all the old Chinese Gold in American vaults.
          So he owed them.

          Germany never exported her jobs to China as the Americans did.

        • Me says:

          Ahhhhh by working! tankyou!

        • Me says:

          Thank you!

        • Me says:

          Now, who was it that ask me what should we use as currency if not for gold? Well if the person doesn’t trust the value of the gold or doesn’t want your gold??? What do you think?

        • Me says:

          You’re goina have to work for it.

        • Me says:

          or trade for something else and even then, they still may want your gold too.

        • DirkH says:

          Gold is only the backstop for imbalances in international barter trade.
          You export NatGas to me, I export machinery to do.
          If values equal out, no exchange of a gold-backed currency is needed.
          One can agree to use any currency agreed on for the exchange.
          It’s called a swap line.
          Central banks amass Gold to give their currencies a backing.
          Multiple countries already have Yuan based swaplines with China.
          Petrodollar is used only in 50% or so of international trade as the backstop now, shrinking fast.

          Nobody believes that the USA has any Gold left (Hint- Germany’s Gold request).

        • DirkH says:

          Yuan is largely pegged to the Dollar so it is at least as acceptable as the Dollar.

        • DirkH says:

          …for governments with a swapline that is. Yuan is NOT freely convertible yet for odrinary persons, so that’s currently still a drawback.

        • Me says:

          Do you understand that gold doesn’t power the this world, carbon does and the work that carbon does! you know why they want a carbon tax…….

        • DirkH says:

          Well, to be specific, the coming BRICS letter of credit will likely be backed by a basket of oil, NatGas, silver, and Gold.

          I agree with you that energy drives civilisation. Gold is just a convenient token because its amount is largely fixed.

        • Me says:

          So who is in control of this again?

        • Me says:

          Again,Thank You!

        • DirkH says:

          In control? It’s a power struggle.

          Canada has oil sands, USA for the moment shale, though it has an even higher consumption, China+Russia have Russian oil and natgas.

          Don’t play guessing games with me. What do you want to say.

        • Me says:

          I don’t have to say anything now.

        • Me says:

          Well except for the fact that the US has more NAT GAS and can export it. Other than that, nope, nothing! enjoy!

        • cdquarles says:

          The thing is, Me, is that everyone will take gold and silver. It is easy enough to test it for purity, and the amount not only is relatively fixed, the vast majority of it that has already been mined is still in tangible form. You can’t make jewelry out of carbon (diamonds excepted :); so that route is available, though I don’t think that’s what you were talking about). The only practical form of carbon to use in trade is paper or diamonds. Unlike gold and silver, there is little marginal utility to paper as money, except as warehouse receipts and drafts. Diamonds, being carbon, can be consumed, so there is still less utility there than there is with gold and silver.

          Hmm, what does the US make? Capital goods, primarily, oil, gas, petrochemicals, pharmaceuticals, wood, food, steel, aluminum, automobiles, and a whole lot more. We export plenty of things, but if your currency is going to be a world reserve currency, then you will be a ‘net importer’ for how is the rest of the world going to be able to build up a reserve they can hold, otherwise.

        • cdquarles says:

          *used in trade as money … argh.

        • Lars P. says:

          Me says:
          October 3, 2014 at 6:52 am
          Well except for the fact that the US has more NAT GAS and can export it. Other than that, nope, nothing! enjoy!
          Well yes and no. It is said so, however if I correctly remember the numbers, the US still consumes more then it produces, so it may start to export but it still needs to import more then it exports :).
          Then the cost story is still there – it looks like shale oil and gas are at the moment losing money actually. Not sure from what price are these profitable…

        • DirkH says:

          Lars P. says:
          October 3, 2014 at 4:04 pm
          “Well yes and no. It is said so, however if I correctly remember the numbers, the US still consumes more then it produces, ”

          About twice as much consumption as own production.

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