Euro Exit: Why (and How) to Get Rid of the Monetary Union

Euro Exit: Why (and How) to Get Rid of the Monetary Union

Euro Exit: Why (and How) to Get Rid of the Monetary Union

Euro Exit: Why (and How) to Get Rid of the Monetary Union

Synopsis

The euro has been the worst governmental mistake since deflationary policy turned the 1929 crisis into a decade of depression. the book explains why European politicians and businessmen decided to circumvent democratic consent in order to lock their societies into a single European super-state and reap the advantages of monetary cartelization, pushing the Great Contraction towards a new Great Depression in Europe. It also shows that exit from the euro is indeed possible and how to minimize its ineluctable cost.

Excerpt

United we win, divided we lose. Union makes strength.”
Aesop

People of the same trade seldom meet together, even for
merriment and diversion, hut the conversation ends in a
conspiracy against the public, or in some contrivance to
raise prices
.” — Adam Smith, the Wealth of Nations

Populist, n. and adj. 1. “A supporter of the rights and
power of the people as opposed to the elites
.” 2. See
“democratic
.”

Euro skeptics correctly identified all the problems that would ensue from applying a single currency to dissimilar Economics; and they were right, across the board. As predicted, the single currency has proved to be a fiasco . . .

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