National common currency
National common currency
Do you ever wonder who are the biggest idiots in Europe? We have the answer! All you need to do is look at Eurozone members and Appendix 4 which shows per capita income in purchasing power parity. The poorest countries in Eurozone are the biggest idiots in Europe. So if we look in Appendix 4, we can see that the biggest idiots in Europe are in order; Slovaks, Greeks, Croatians, Latvians, Portuguese.
NWO - EU are full of deceptions. These maniacs should be arrested immediately and prosecuted. NWO - EU propaganda presents Eurozone as something wonderful. Supposedly the countries that participate are special and benefit. In reality, people in poorer countries are idiots or those that govern them are traitors. They are harmed a lot. Participation in Eurozone is like committing suicide.
Poorer countries have lower productivity. Because of that, they have lower competitiveness. In EU's malfunctioning model that doesn't allow protectionism, they are harmed. Not only productivity affects competitiveness but price level as well. Countries with lower price level could be able to compete even if they have lower productivities.
Productivity effect on competitiveness high - positive low - negative
Price level effect on competitiveness high - negative low - positive
Poorer counties that participate in Eurozone abolish the advantage they have. Exchange rate affects strongly price level. Poorer countries that participated in Eurozone had a big increase in price levels. Euro can be considered as the weighted average of the national currencies. How exchange rates are determined will be explained in another article.
Not only poorer countries but all countries also abolish an important tool for economic policy. Monetary policy will also be explained in another article. We need to point out one thing. A country that has its own currency, technically can never become insolvent. It just prints currency. Of course this will create problems. Nevertheless, this option is available and a country with national currency can never go bankrupt.
We have mentioned several times that separation in Europe is necessary and a red line for Anti - NWO. This is the way problems will be solved. One of the big benefits will be eastern euro. It will start with 1 : 1 exchange rate to (western) euro but is expected to drop. In this way, products and services in Group 4 will become more competitive.
Even if there will be an improvement in competitiveness, some countries may have to exit Eastern Eurozone. So exiting and entering will be easier, relatively to EU. If Italy participates in Group 4, its will be named something other than Eastern Eurozone, perhaps Southern - Eastern. Anti-NWO has another proposal which will make matters easier, NATIONAL COMMON CURRENCY.
It is national currency, aligned to a common currency. First let's look at some exchange rates. A dollar is 161,43 yen, 87,49 rubles and 7,84 yuan. It is also 1,36 canadian dollars, 1,48 australian dollars and 0,78 british pounds. It is a lot easier to perceive rates and exchange currencies in the second row. An American (USA) tourist visiting or a businessman contacting a deal don't have a hard time understanding prices in Australia.
The same is also true for Australians because 1 australian dollar is 0,67 US dollars. The conversion is easily done and for many people a calculator is not needed. National common currency is something similar to that. How can this be done? Eastern euro (or southern - eastern) will start with 1 : 1 exchange rate to (western) euro. Eventually it will drop to let's say 0,75 euros.
Hungary is not in Eurozone. Euro is 394,01 fiorints. Suppose that the alignment will be made when eastern and western euro have an 1 : 1 exchange rate. There are two ways the alignment can be done. In both ways, an one time price adjustment will be required. All prices will have to change. In the first case, one new fiorint will equal one eastern euro.
All prices will have to be adjusted to that, 1 new fiorint will equal 394,01 old fiorints. Let's say that coffee in a specialty coffee shop currently costs 1200 fiorints. The price will be adjusted to 1200/394,01 which is roughly 3 new fiorints. The same should be done in all prices. Another way is to introduce a new currency, hungarian euro, hungarian dollar or whatever they want to name their currency. It will be equal to 100 new fiorints.
After the adjustment, one hungarian euro will be equal to one eastern euro. Coffee will cost 3 hungarian euros or 300 new fiorints. The second way is easier perceived by the people. That is the only benefit. They can easier perceive that coffee costs 300 new fiorints instead of 1200 old fiorints compared to 3 new fiorints instead of 1200 old fiorints. Fiorints will have to be aligned to eastern euro (or southern eastern), not western euro.
The alignment will not happen right away after eastern euro will be introduced. Let's say that by the time it happens, 1 eastern euro will be 0,75 western euros or 1 western euro will be 1,33 eastern euros. Suppose that fiorint exchange rate to (western) euro remains the same. So, 1 eastern euro will be 394,01 X 0,75 = 295,5 fiorints. With the alignment, one hungarian euro will equal 295,5 old fiorints. A coffee will cost 1200/295,5 which is roughly 4 hungarian or eastern euros.
After the adjustment, that will be 400 new fiorints. Eastern euro/ hungarian euro exchange rate will not remain 1 : 1. Let's say that after some decades, one hungarian euro becomes 0,5 or 2 eastern euros. There could be another adjustment to make the exchange rate 1 : 1 again. This is hypothetical because by that time, Hungary could have become a member of Eastern Eurozone, if they perceive it as beneficial to them.
The same reasoning could be applied to other countries, like Russia's ruble. A euro is 94,65 rubles. Russian euro (or whatever they want to name their currency) could be introduced which will start with 1 : 1 exchange rate to eastern euro. One russian euro will be 100 new rubles. There will be a one time price adjustment where 94,65 old rubles* will equal 100 new rubles.
The point is that Anti - NWO has all kinds of solutions. When people keep voting for NWO, they choose global chaos, more problems, more wars, possibility of World War and the end of the World. Anti - NWO can fix all problems but for this to happen voters need to put Anti - NWO in charge. Supporting and voting for NWO is irrational, destructive and a masochistic.
*This is with 1:1 exchange rate between eastern and western euro. If the exchange rate is 0,75, 100 new rubles will equal 94,65 X 0,75 which is almost 71 old rubles.