The initiative for the analysis of public debt and the remission of illegitimate debt

We need a startup of the economy and therefore we also need financial resources. Since we are in full embrace of austerity measures due to the Euro, it would be wise to broadcast our own currency (currency we had before the euro) with a flexible exchange rate in our environment around the Euro.

The volume and form of that currency would depend on the value of individual projects. The issue of currency under the strictest monetary criteria should be strictly controlled. The proposal for the introduction of parallel currencies will encounter sharp responses in a wide variety of forms.

They will say that the proposal is not feasible, which is certainly not the case, because in the past (at least our country) we had a flexible exchange rate with German mark and other currencies. They will say that the Euro is a choice without return, which does not mean that the introduction of a parallel currency threatens the Euro. But it may be a threat to them, personally.

They will say that the Euro is a choice without return, which -in fact- does not mean that the introduction of a parallel currency threatens the Euro. While the Euro will "cure", our local economy will create a new value, a new wealth that will only help the Euro. And whether the proposal for "two euros" is not spread across the Euro area: one for developed countries and the other for countries in financial and economic difficulties.

If the ruling elites will hate the proposal of a parallel currency, we will definitely know that they want to deprive us of sovereignty and impose neo-colonialism on us. The euro is produced by printing or bookkeeping with commercial banks, and not with new value in production. Thus, the state (or its authorized institution) can print or book parallel currency (maybe even currency, country had before the Euro), even without interest, as an advance for creating a new value.

With the adoption of the Euro, countries lost their currency sovereignty and thus the ability to regulate their specific economic environment through fiscal and monetary policy. Under the conditions of a sovereign currency, the state could broadcast the money through its central bank to the economy. The possible excess of money was pulled out of circulation through fiscal policy.
Now, with the Euro, the state has fallen to the level of an individual household. You have so much money, so you can spend so much for this and that. From the given logic, pressures on the austerity measures are coming. Smart environments, where they want greater opportunities for economic development, should introduce a parallel currency with a flexible exchange rate.

At a time when ordinary mortals dealt with everyday life, the advocates of neoliberalism pressed on the privatization of public assets. According to the principle of liquidation and privatization, all the previous generations invested in the public sector were pawned in their pockets (this phenomenon is present everywhere). That is why they needed the money they received from loyal friends at banks. The banks granted them loans from pure zero. Or, in other words, they did not have cover for these loans. The economic crisis has stopped or even slowed down economic growth, and therefore the aforementioned borrowers could not repay loans. Bank holes were created and, because there is honour among thieves, this private bank debt was transferred to the public sphere, into the state budget. All this is again synthesized in austerity measures.

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image sources:
Currencies
Currencies 2
Austerity Circle

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