The magazine 'Politico', of all places, has slipped out a story that clearly proves that the European Central Bank is nothing more than the money printer of the Davos clique. Its personnel policy is based solely on how ideologically green someone is; specialist skills play no role in an institution that issues a product that has already lost over 60% of its purchasing power since it was introduced in 1999. By imitating green bonds and financing the huge deficits of European states, the ECB is the driving force, the real government of the eurozone, executing the green agenda of the Davos communists. But it has a problem: the eurozone has no significant energy resources, which means that it cannot economically back its fiat currency with an energy collateral like other states. For this reason, it has been urging the national central banks for some time to pool their gold reserves in the vaults of the central bank in Frankfurt. The fact that no individual country has yet complied with this call shows how deeply shattered confidence in this institution is.
Tragic. For the rest of us, we should take this as a sign of weakness. No philosophy that cannot tolerate dissent will survive long term.
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