tag:blogger.com,1999:blog-7953806441345973877.post8247272059841930666..comments2023-04-25T04:10:25.646-04:00Comments on New Rules Blog: Austerity versus growth: why can’t Europeans be more like Americans?Jamiehttp://www.blogger.com/profile/00747959708933696033noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7953806441345973877.post-57005691054069742342010-06-24T04:20:25.970-04:002010-06-24T04:20:25.970-04:00Dear Michael
I would like to suggest that you stu...Dear Michael<br /><br />I would like to suggest that you study the supply of money and the long term effects of national debts, before you make the kind of generalisations as in this article. <br /><br />See http://publicdebts.org.uk <br /><br />I also would like to suggest that you distinguish between: <br /><br />1. the supply of a currency - supposedly supervised by the respective central bank<br /><br />2. the budget of a government - supposedly around 40 - 50% of a nation's money supply <br /><br />3. "Credit money" issued by central banks, banks and other monetary and financial institutions - at interest<br /><br />4. "Cash" - issued by national governments - free of interest<br /><br />5. the fact that nobody issues any "interest money" to pay for any credit<br /><br />6. how, as a consequence, "money" changed from a "medium of exchange" and a "store of value" to a "tool for control", for debt is legally enforceable and "money" is necessary for survival<br /><br />7. how anglo-saxon capitalism has been "exporting" the principle of national debts with wars; see http://bit.ly/ceURM3 <br /><br />8. the message of the excellent American article "repudiate this lie of a debt!" http://bit.ly/aCmcat <br /><br />9. that the purpose of the Euro was more centralisation and regionalisation with a view to the one world government anticipated by the New World Order<br /><br />10. what European governments do and how their national debts benefit the financial industry but not the real economy. <br /><br />Analysis begins at home! <br /><br />Sabine <br />Organiser, Forum for Stable Currencies, House of Lords, London<br />http://sabinemcneill.blog.com/forum-for-stable-currencies/Anonymoushttps://www.blogger.com/profile/12522045790445098386noreply@blogger.com