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0 sats \ 4 replies \ @TomK OP 15 Mar \ parent \ on: Inflation in the USA and Japan: Pressure on the ECB is growing econ
absolutely. with the Crimean bridge attack, the blowing up of Nord Stream 2 and now the announced Franco-German arms production in Ukraine, this is actually working quite well. however, Putin has not let himself be lured out of the reserve so far and continues to have everything under control, which is quite astonishing if you think of his own nationalist opposition in russia
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21 sats \ 3 replies \ @lloyddunne 15 Mar
how does war solve the EUs problems? I need it spelling out. Thanks
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0 sats \ 2 replies \ @TomK OP 16 Mar
Firstly, an external enemy makes internal problems disappear and people tend to move closer together. This is ensured by the gigantic propaganda machine. Secondly, war allows the credit cycle to restart more quickly through higher arms spending and credit-financed programs, which are easier to legitimize in case of doubt. 3. the fear of Putin can be used to possibly introduce war bonds, which could serve as a bridge to the establishment of Eurobonds with the European taxpayer as collateral and guarantor. This has not been possible so far. The EU is broke
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0 sats \ 1 reply \ @lloyddunne 16 Mar
does 2. not cause further inflation?
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0 sats \ 0 replies \ @TomK OP 16 Mar
Yes. But the mountains of credit need higher inflation (new and more credit) to be rolled over on the future. Inflation is a feature of our monetary system to give the biggest debtor (state) more purchasing power
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