Real public debt or.... a scam?
The current presentation of public debt is misleading because it hides the purpose of intimidating the population. Austerity measures? Implementing structural reforms? Complying with all the recommendations...? What they do not say is , that "public debt" includes, the volume of money in circulation (M1 = cash and sight deposits), which can not be and will never be paid. It is only a balance sheet item where we have an amount of money in circulation on the asset while the liabilities are "debt", which should be called "emission".
Money printing- central bank bubble
The European Central Bank ( the ECB) is obliged to provide to each Member State of the euro area an adequate volume of liquidity in circulation, that is, its mandatory service. These assets shall not be levied on interest. However, since they identify the liquidity assets in circulation (M1) with debts, they are entitled to claim interest payment.
Every thing must be run by rules.
at the moment, world is going around the central banks (they are making their own laws), not the courts
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