[Skybird]

The moment of truth for the monetary system.



http://translate.google.com/translat...ny7Q0ozVRssBHc

In 1848, as is well known, Marx (and Friedrich Engels) called for the "centralization of credit in the hands of the state by a national bank with state capital and exclusive monopoly". A downright creepy scenario: The all-powerful central bank or the special interest groups that collect it would now have control over who receives credit and money, when and under what conditions - which state, which industry, which workers and employees. The path to a de facto dictatorial command and control economy - as many proponents of climate rescue policy and "green monetary policy" long for - would thus be practically through the back door.


No question about it, the world has a "money problem": sooner or later, fiat money will destroy the free market economy and thus also the free society; the coronavirus crisis only reinforces the existing momentum. Because the rulers and the ruled are now attached to fiat money like flies on the flycatcher, the central banks have even more room for maneuver. They can monetize the national debt and thereby also drive up price inflation without having to fear insurmountable opposition: In order to avoid the great evil of the “megacrash”, inflation costs are accepted as the comparatively lesser evil.

You can already guess what will come in the time "after Corona": The already great dependency of economies on fiat money will affect the central banks and the groups that know how to use them for their purposes - states, but of course also the banks and banks Financial industry as well as large corporations - make it even bigger. The drive to save the bare currencies from collapse will bring the cartel of central banks closer together. That everything will boil down to a uniform world monetary policy with world money has certainly not become less likely; It does not need to be emphasized separately which totalitarian potential dangers would be associated with it.