‘EURANIUM’: The Weaponized Fiat Currency

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‘EURANIUM’: The Weaponized Fiat Currency

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‘EURANIUM’: The Weaponized Fiat Currency

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‘EURANIUM’: The Weaponized Fiat Currency

The Market Oracle
August 3, 2008




Like its metallic counterpart, the euro currency has the tendency to make other currencies it comes into contact with more like itself – radioactive. The inevitable result is the death of (natural) national currency systems.

The Nature of the Euro-Beast

The euro’s architects have recognized that the worldwide dollar-reserve system cannot be sustained. The reason: The US Fed’s dual – and conflicting - mandate of price-stability and full employment. The Fed was sold to Congress via the ‘hook’ that it would allow Congress to both control inflation and maximize employment if only Congress would agree to set up this version of a central bank in the US.

As we all know, there are very few politicians who can and will resist such a temptation.

Since that proposition has predictably turned into a slow-moving disaster, the euro architects figured out that they will have to give up some of the power bestowed upon them by centralized control of interest. They did this by limiting the ECB’s function to maintaining “price stability”, i.e., limiting credit-inflation.

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