Why Would Europe Need To Ask China For Euros?
After all, they have the printing press!
Somewhere in his economic readings, he might note that many Europeans and foreign banks already hold Euros, and they never agreed that the ECB can crank up the printing press. China, especially, holds lots of Euros and China holds promises of future euro payments from euro borrowers.
The printing press is an attack on current and future holders of the fiat.
No comments:
Post a Comment