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However, it is in certain interests to destroy the Euro as a rival reserve currency, and it is in certain interests to destroy European purchasing power to ration limited oil production ... without inflating the price through traditional supply/demand scenarios.
Thanks for the tip on "Wizards of Money"....
...Recent decades have brought with them a growing public awareness of the long-term costs of the short-term profiteering legacy of the industrial revolution. Global Warming, Ozone Depletion, and Acid Rain are now all household names. The current monetary system - the one inherited from this same industrial revolution and the one in which we always "discount the future" - has played a large role in such destruction of the environment. Many are asking the question - Can we design monetary and economic systems that encourage preservation of the environment and sustainable economies?
Along these lines, in later editions of Wizards we'll examine some of the fundamental flaws of contemporary mainstream economic theory, that led to such environmental destruction. Then we'll explore how emerging fields of economics, such as Ecological Economics, are addressing some of these flaws and challenging the underpinnings of traditional theory. ...
www.antiscia.com...