EURDEMOCRACY

Archives for currency

Europe’s political leaders have debauched your money. Imagine that in 2002 instead of exchanging your national currency into euros you bought gold. Today that gold would buy four times the number of euros. The same goes for oil. If you bought silver, you’d have even more euros; wheat, a bit less. Globally the euro is… » read more

Posted by democracy

Celebrate! Rejoice! This year 2013 is the Year of European citizens! Europe’s Politburo, its Top Citizens, has declared it to be so, without asking anyone. Did you agree to it or even know about its multimillion euro budget? Yet hypocritically the politicians have not allowed citizens their rights for more than 60 years. Take the… » read more

Posted by democracy

Even if all the plans of the December European Council are passed into law, one outcome is certain: the Euro as presently designed will fail. Even if all 27 Member States joined the Euro and tried to stay within the guidelines of the Stability and Growth Pact, one thing is certain: the Euro as presently… » read more

Posted by democracy

Parliamentarians in the UK are discussing a referendum — promised by all three major parties. When the parties came to power, what happened? No referendum. It is still refused. The referendum would ask the public about the desire of some UK citizens to leave the EU or modify its membership. Why do so many Britons… » read more

Posted by democracy

Is Jean Monnet responsible for the euro debacle? Did a flaw in the ‘Monnet Method’ bring about today’s financial crisis and the black hole into which billions of taxpayers’ money are being poured? That’s what one Eurocrat implied, as quoted in the Economist newsmagazine: ‘The European Union was not designed to deal with a crisis’.… » read more

Posted by democracy

Over a year ago, a commentary on this page warned about ‘the result of President Barack Hussein Obama’s policy of pouring some 4.5 Trillion dollars into the US system. The aim is to buy out toxic assets created by toxic financiers and decades of toxic government policy. The problem is that it is likely to… » read more

Posted by democracy

What makes a democracy more efficient than a dictatorship? Why did Franco’s Spain and Salazar’s Portugal lapse into the economic doldrums? Why were Latin American dictatorships corrupt and lacking in vigour and growth? Why were Latin American currencies being constantly devalued? Why did Zimbabwe printers finally run out of noughts to add to the trillions… » read more

Posted by democracy