The EU's share of world manufacturing output has been declining fast in the last 25 years (in high gear since the sanctions on Russia).
It is a matter of time until the Euro will make a similar nose-dive.
https://twitter.com/BitopiaLand/status/1663957366717415453?s=20
“A man will renounce any pleasures you like but he will not give up his #Bitcoin.”
-George Gurdjieff
#Bitcoin #art:
Portrait of a Lady as a Vestal Virgin (1781–1782) - Angelica Kauffman
Totally agree. Better an enlightened dictator than an indirect democracy where special interests dictate decisions between elections.
Were that his hiking 🥾’s? 😁
Mooi dat de komende verkiezingen in 🇺🇸 al over Bitcoin gaan.
Benieuwd wanneer dat in Europa ook zo gaat zijn…
After the Napoleonic Wars of 1793 - 1815 tarifs and other trade bariers were removed in Europe
This encouraged long-term investments and stimulated economic growth
By shutting of trade with Russia and creating red tape for trade with Britain, the EU is creating unnecessary barriers
Napoleon established the Bank of France in 1800
The goal was to conduct a disguised policy of paper money to keep the state and its wars afloat on credit
Fiat = War
Europe become strong because it was de-centralised & competing
#Bitcoin is Europe's chance to be de-centralised again, compete with each other, but without the risk of wars...
#Bitcoin cuts away all the unproductive clutter of government...
Quadrupling of the money supply. Record inflation.
Europeans are struggling. People can't buy houses / start families.
We see a reversal of progress as the upcoming generation will be worse off than their parents.
Happening under Lagarde and her predecessors.
In its short existence, the ECB oversaw the following crises:
-Dot-com bubble
-Global Financial Crisis
-Eurozone Sovereign Debt Crisis
-Cyprus financial crisis
-Greek Government-debt crisis
-Brexit
-COVID-19
-Russo-Ukrainian war
The increasing frequency is scary.
**25 years of euro doubts**
Our favourite central bankster @lagarde strikes again. And guess what? She shows again that she is most detached from reality of all central banksters!
The occasion was the 25th anniversary of the @ecb. Check out these gems from her blog post:
“Could the common currency really work? Today, as we celebrate the 25th anniversary of this institution, we know that it works and that the euro has brought Europe closer together.”
This is a very premature conclusion after only 25 years (which is a drop in the ocean of monetary history). Not to mention, it's a quarter-century marked by recurring crises:
Dot-com bubble (1999-2001)
Global Financial Crisis (2007-2008)
Eurozone Sovereign Debt Crisis (2009-2014)
Cyprus financial crisis (2012-2013)
Greek Government-debt crisis (2009-2018)
Brexit (2016-2021)
COVID-19 pandemic (2020-2021)
Russo-Ukrainian war (2022 - ?)
Notice the pattern? The increasing frequency is scary.
“…work tirelessly to achieve our mandate of maintaining price stability. That work is critical for the prosperity of European citizens.”
In 25 years, the M2 money supply has quadrupled while inflation hits record highs. Europeans are struggling. Young people can't buy houses or start families. For the first time in a century and a half, we see a reversal of progress as the upcoming generation will be worse off than their parents. This is happening under the watch of @lagarde and her predecessors.
“Today the euro is the second most important currency in the international monetary system, after the US dollar.”
This is true, but the EU's share of world manufacturing output has been declining fast in the last 25 years (accelerated by sanctions on Russia). It is a matter of time until the Euro will make a similar nose-dive.
“the ECB has always focused on building a stronger foundation for Europe’s future through delivering on our mandate.”
She means more centralisation of power in the hands of EU bureaucrats like herself. This is not a strong foundation, but makes the EU fragile. Every next crisis can be the one in which it all comes tumbling down. Europe needs decentralisation & competition. Just like when it became a great civilisation.
“In a world of uncertainty, the ECB has been, and will continue to be, a reliable anchor of stability.”
This is literally insane. How can she claim the ECB to be an anchor of stability if it doesn’t even know next quarter’s policy? A stable economy requires long-term planning, not just reacting to the last crisis.
“We have shown that we can act and adapt quickly in the face of even the most serious challenges.”
Her response to the pandemic was to increase the money supply by 50%, triggering the cost of living crisis that Europe faces today. Instead of solving anything she blew the bubble and kicked the can down the road.
“That is why we have raised interest rates at a record pace…”
First, they cause inflation through zero interest rates and QE, now they aim to suppress it by destroying demand and creating unemployment. It seems Ms Lagarde only cares about the numbers on her spreadsheet, not the lives of you and me.
“Our monetary union has been tested many times in the past quarter century. We have been confronted with crises that could have torn us apart “
The pace of crises has increased since the birth of the @ecb. Coincidence? I don’t think so. The @ecb is a major cause of instability on the European continent and crises will only intensify.
Until the one that will bring the whole thing down. Make sure you you own some #Bitcoin by then.
https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog.230524~ed0f2638c1.en.html
Expecting everything will be better if we choose politicians that are smarter or have more integrity is like dropping a ball and expecting it to go up instead of fall down.
The only politicians that will make a difference are the ones that understand their limits to help people and allow the people to help themselves by adopting #Bitcoin.
JPM is bearish…
We actually have the chance to adopt #Bitcoin and build an eternal beacon of light.
We owe it to the next generations to get #Bitcoin adopted.
https://damus.io/note18qqllfk0mk4lvf44276s63d3lhd59z603jtkdzlpw60je22aye3q0j04te
#Bitcoin #art:
Revista das tropas destinadas a Montevidéu, na Praia Grande (1816) - Jean-Baptiste Debret
Wars involving great powers are mostly decided in the factories.
