SINA English - China News, Special Coverage, Photo, Video, Business, Entertainment, City Guide, Sports & Olympics. Salon. Reuters. Democracy Now. CQ Roll Call. The Christian Science Monitor. The Huffington Post. Disinformation. BLOGDIAL. The European Central Bank is one of the most destructive entities ever unleashed upon the peoples of Europe. Its Keynesian fiat currency is backed by nothing, is defrauding millions, is by design stealing value from the people who are forced to use it under threat of violence, and is doomed to fail and collapse like all other fiat currencies before it. In the history of the world, there has not been a single fiat currency that has not collapsed, and the Euro will be no different.
The average lifespan of fiat currencies has been 16 years, and the only exceptions to this are the currencies that have extra momentum for political reasons. The so called ‘bailouts’ in the Eurozone crisis are nothing more than the theft of value from millions of people to prop up mathematically unsustainable socialist economies. Greece defaulting and the other bankrupt states that are sure to follow, are just the beginning of this process.
And now, on to the report. This is not correct. This is an error. Al Jazeera English.