Post
Topic
Board Economics
Re: Portugal on the Brink
by
pedrog
on 04/07/2013, 13:58:46 UTC
To be honest, I don't really understand the whole EURO thing

Because money is printed out of nothing, how could Portugal give up this right to ECB?

For a normal citizen, he might not have any choice but obey the government rules, but for a government of the country, how could they give up this biggest right of the country to someone else?

I think none of the government officials understand how money creation works

I'm a big proponent of EURO, it's the first attempt of a Level 1 civilization currency, well, now we have bitcoin.

But people need to start thinking beyond the borders of their own countries if we are going to thrive as a species, patriotism means nothing, it's just imaginary borders. More and more we need to have a global plan for free flow of people and goods, and to achieve great things that no one nation can achieve alone.