MONEY MUST NOT LEAVE EUROPE
By Mauro Marturano
Whoever reads my writing, whoever has the good fortune 😁 of reading my writing, already knows this stuff. Nothing new.
We're facing a fresh European scandal that the theory explains, and has always explained. Our money has no underlying backing, not anywhere in the world, and certainly not here.
They can't let us "run off" with the money, because, if we ran off with it, the problem of converting money into goods would simply relocate somewhere else.
There's too much money in Europe that's worth too much. Too much value means it would be entitled to be converted into goods that, in reality, DO NOT EXIST.
The same points as always, basically, from this still-young mathematician.
If there were enough goods to go around, they'd let us move our capital wherever we wanted.
The "specter" of bank failure that you're haunted by exists only because you don't know how banks actually operate (fractional reserve).
A "clean", brand-new bank, operating through the fractional reserve mechanism, is already technically bankrupt after one month of existence.
So that's not why they make these decisions.
The problem is much bigger, and it has to do with... not being able to reach the point where an ignorant population understands that THERE ARE NO GOODS.
We are living through a gigantic illusion, especially in Europe, especially where people have stopped creating real, lasting value and have simply gotten down to... PRODUCING MONEY.