Quote from: pedrog on July 04, 2013, 01:58:46 PM

Quote from: johnyj on July 04, 2013, 01:42:30 PM

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.

I'm also with you on the global currency idea, but it should be some kind of honest money, not something you borrow from ECB, which they printed out of nothing

It's like ECB saying: Join me, borrow money with low interest from me (because they are created by me out of nothing), and if you can't return it, you must cut your government spending so that I can lend you more