Fiat Money ‘Fiat money’ is not what Italians might call their national currency if Italy ever leaves the eurozone (EZ). ‘Fiat’ derives from the Latin verb facere,“to make or become”; ‘fiat money’ is not tied to a commodity like gold or silver but it can be used to buy stuff, provided the issuer is trusted.* … More Shorties-22

The Death of the Euro

Our trilogy on the euro currency is now in four parts (like Douglas Adams’ Hitchhiker’s Guide to the Galaxy) because we had to break off to discuss the Draft Withdrawal Agreement and other political developments. The previous parts dealt with the past, the present and the parallels with other monetary unions [1], we now turn … More The Death of the Euro


Since when? Since the Great Reform Act of 1832 Parliament has fiddled with the franchise, extending it to more men, then even more men, then all men and some women, then all women, and finally in 1969 to 18-year-old men and women. In less than 150 years any ignorant riff-raff can now vote and Parliament … More Snippets-2

The State of The Euro

The euro (€) was 20 years old on New Year’s day 2019, so now’s the time to ‘celebrate’ its birthday. The start of another year is also a traditional time for reviewing where we’ve been, where we’re going and for setting quizzes. Let’s do all these things to celebrate the common currency’s emerald anniversary. Our … More The State of The Euro

On Democracy-3

(See On Democracy-1 and On Democracy-2 first) Two quotations offer evidence that supports our claim that the EU is founded on contempt for its member nations and disdain for its citizens. “Europe’s nations should be guided towards the superstate without their people understanding what is happening. This can be accomplished by successive steps, each disguised … More On Democracy-3

On Democracy-1

The desire for democracy amongst Europeans is ancient, indeed proverbial: Vox populi, vox dei (the voice of the people is the voice of God). This was first recorded in written advice by Alcuin of York to the Emperor Charlemagne in the 8th Century but the context shows it was already a well-known aphorism. The EU … More On Democracy-1