Quote:
Originally Posted by Bakkels
(Post 1658619)
Yes it does, maybe not to politician or nations directly, but certainly to banks and other financial institutions. If you believe currency to be a entity on it's own, that can't be influenced by anyone, you believe in a fairytale. Currency is an abstract thing. What it's worth is only the worth we give to it.
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The Euro was pöolitically created. The dollar value gets inflenced by plltiicians - by printing tons and tons of it. If you ands James think currencies cannot politically ,manipulated or at last influenced, then youz are wrong. Another example how politicians impact on currencies, is wars. The more subtle manipulates of central banks also should not be forgotten.
James said it is only the market, I assume he meant "free market", whcih I claim does not exist anyway. Even a currency of a truly free market gets manipulated outside market mechanism by the eabove factors, or by speculations that hold no ground. It just has happened in Europe: the ECB refused to react to high prices for oil and precious metals, which were hyped in the past months by speculations becasue they hoped for high profits from overpricing when the ECB was expected to protect it. After the ECB denied that phrase that was expected, the porices went nose down and the dollar value went nose up, the Euro lost 2 cents within minutes after the prerss conference, and still is there. Which is better than the status before.
Speculation is the bone cancer of financial systems like ours.
Quote:
I don't think you have any idea what the EU actually is about. You can be pro EU or against it, but the fact is the EU was specifically designed to encourage free trade.
And that is what it does, whether one likes it or not
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I know what the EU
was about. I myself have reminded of that often enough. Note, you think it still is like that, I however realise that after the fall of the wall the EU's ambitions have grown and become much more than just a union of cooperating economies. And that is where the trouble is, these new orientations of it. The fight between federalists who wanted a somewhat socialistically oriented "Federal States of Europe", and those who prefer the old defintion of deGaulle as a Europe of economically cooperating independent fatherlands that live peacefully together, started much earlier than just 1989, however.
The ideological basis and orientation of this Federal states project, as well as the obvious lack of citizen'S legitimation getting requested for it, is what defines the EU as an ursupator of powers and an ideological tyranny, and more and more often a tyranny by laws and rules that have nothing, really nothing to do with economics indeed. The EU naturally claims the right to dicatte the elected soveriegn parliaments of nations what they have to do and what not. More than 80% of the laws passed by the German parliament, are laws demanded by the EU, which just get waved through. The parliament villates the constitution of our country that rules that it shall do not right this: just waving things through, but to check and analyse them - and rejecting them wshen they are not for the good of Germany or are anti-constitutional. But it seems the EU is given immunity from this check.
The obvious big deficits in transparency, the lack of democratically given legitimation and the enormous private lobbyism interfering with and manipulating decision making in Brussel, has often been described and must not be explained once again, I think.
To hell with the EU. How precious it is you can see that indeed only its economic actions are being taken into account by others outside of it. But its ideological claims and ideas - the simple truth is all others are laughing about it, and nobody takes it serious, and some make best material profit by abusing it.
Let there be economic coordination and cooperation, that is the best factor to maxcimise the chances for peace and stability. Beyond that, one should kick the EU's butt and give it a bloody nose whenever it sticks its nose into things that must not be its interest at all and for which to do it has zero legitimation by the people of Europe.
But their are careers in the circus, and payments and psoitons to be defended, and earnings, and operetta titles and operetta glamour events - politicians will defend the EU with fangs and claws, because they are personally benefitting from it in so many ways, it gives them money and prestige and privileges.
That is not the EU I tolerate. Nor is that the EU that was wanted when it was founded.
