European Monetary Union
– the fate of Europe
© Princeton Economic Institute 1997
Welcome to the PEI research site devoted to keeping the financial community up to date on the pending new European Monetary Union and its impact upon the global economy. The research provided here is not colored or biased by any nationalistic perspective. Instead, the information presented here is not subject to being censored as is the case currently within the European banking community.It is important to note that the propaganda currently being released by the European political machines touts the Euro as the answer to all ills. In fact, a single currency will NOT create a single interest rate for Europe since that does NOT even exist among the 50 States in America. Each nation state will eventually be treated based upon its own credit risk. The information being presented by the political forces within Europe are touting dreams that make no economic sense as a means to promote the Euro and the federalization of Europe without ever mentioning that end goal.
This site offers detailed research into the pros and cons. You will also find historical examples of past monetary systems. For if there is one thing that mankind must learn, it is his history. Without a historical perspective, we have no memory. Without memory, we are doomed to making the same stupid mistakes time and again. The Euro is but another vain attempt are perpetuating the socialistic systems of Europe through a strong central government mechanism. For this reason, EMU poses as serious threat to the world economy since the true trend in economics and net capital movement is one that is back to a regional focus rather than federal. Russia and China failed due to central planning. Japan is now suffering from its over regulation. Europe is now about to embark on a new era of change and volatility that the political forces have not yet begun to comprehend.
|Armstrong Economics: Understanding the Euro and the Chaos it is Unleashing in the World Economy(Martin Armstrong, 10/24/97)||Armstrong Economics: EMU Building the Foundation for the Next Great European Economic Disaster(Martin Armstrong, 07/96)|