Why don't German citizens understand what their grandparents learned the hard way about currencies? We want to alert them to the realities of their fiat euro.
The Ten Million Mark note that I have from my grandmother is my family's physical reminder of just this point - sending you a photo Alasdair if you want to use it in an article
Congratulations Alasdair on breaking new ground, so to speak. Your wise, level headed words are still being sought in new quarters as the markets drift further away from reality.
QE is not stimulus, as Keynesian followers say. It is a scam to make everyone think that they are wealthier than they really are and to entice them to spend their capital. So...stimulus is really capital depletion. Of course, the West has lots of capital, but it can be destroyed and rather quickly by making the currency worthless.
The Ten Million Mark note that I have from my grandmother is my family's physical reminder of just this point - sending you a photo Alasdair if you want to use it in an article
Congratulations Alasdair on breaking new ground, so to speak. Your wise, level headed words are still being sought in new quarters as the markets drift further away from reality.
QE is not stimulus, as Keynesian followers say. It is a scam to make everyone think that they are wealthier than they really are and to entice them to spend their capital. So...stimulus is really capital depletion. Of course, the West has lots of capital, but it can be destroyed and rather quickly by making the currency worthless.