As I have been pointing out here at EPJ and more extensively at the EPJ Daily Alert, the European Central Bank has been intensifying the eurozone crises by completely stopping the printing of euros. Now, in an ideal world a central bank not printing money is a good thing. It means there is no manipulated economy, no malinvestments and no boom-bust cycle. But we are talking about banksters, who live off money printing that gets to them before the rest of the public, slowing money printing. What's up with their stopping money supply growth?
Bob Murphy and I were in fact just having a discussion, earliert today, over the phone about this matter. At one point, I put it to Bob bluntly, "What the hell are these guys up to?" Bob responded, "Maybe, they want to make things worse so that they can respond with even more controls?"
Within just a few hours of Bob's comment, NYT is out with this:
As leaders in Europe try to contain a deepening financial crisis, they are also increasingly talking about making fundamental changes to the way their 17-nation economic union works.
The idea is to create a central financial authority — with powers in areas like taxation, bond issuance and budget approval — that could eventually turn the euro zone into something resembling a United States of Europe.
Officials have been hesitant to publicly endorse such a drastic change. But privately they say the issue has gained urgency in recent months, as it has become clear that Europe’s current approach, which requires unanimity on any significant moves, is unwieldy and inefficient. The idea is being promoted by some global financial officials, who worry about the risks that continued uncertainty in Europe poses to the global economy...
The lack of strong central coordination of the euro zone’s debt and spending policies is a crucial reason Europe has been unable to resolve its financial crisis despite more than 18 months of effort.
Are the banksters using these multiple eurozone crises to set up Europe to move further along the road to a totalitarian Europe run by the banksters? Sure looks like it.
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