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lunedì 11 luglio 2016

Armstrong: L'euro sull'orlo del disastro. L'Euro e', in effetti, come un Gold Standard.

Armstrong Economics - The Euro on the Brink of Disaster 
(...) The Italian banks are collapsing and the crisis is now risking bringing down the Italian government. If they do not bailout the banks, the people will be in revolution. If they bailout the banks, they can only print Euros. 
The is starting to illustrate what I have been warning about. The EURO is in effect like a gold standard. 
When crisis hit, everyone had to suspend the gold standard for World Wars I and II and then upon the fall of Bretton Woods. The currencies were tied to gold which they could not increase its supply. This is the same crisis now with the EURO. Despite the EURO is really just electronic/paper, its quantity is still fixed by the EU membership. No single member state can just increase its supply unilaterally. That would be like trying to maintain a gold standard and one nation revalued its gold to three times that of what everyone else uses. That becomes impossible. 
The Silver Democrats nearly caused the bankruptcy of the USA for overvaluing silver relative to the world in the 19th century. 
This is why the euro CANNOT SURVIVE. (...)

2 commenti:

  1. Non capisco cosa intenda....

    RispondiElimina
    Risposte
    1. dice che l'euro e' come avere tassi di cambio fissi fra stati che per loro natura non vorrebbero averli ... come il Gold Standard di 100 anni fa (da cui tutti tentarono di scappare o svicolare per svalutare le proprie valute fra 1a e 2a guerra mondiale .. e' un ragionamento che di solito si sente in bocca a keynesaini, volevo solo segnalare che ANCHE ARMSTRONG ragiona cosi'.

      Elimina