Comments by "Nigel Johnson" (@nigeljohnson9820) on "EU coronavirus recovery package is massive shift for bloc that will work 'wonders'" video.

  1. Are they calling it next generation, because it is they who will be left with the debt bill to pay. Maybe they should call it generations, because that gives some idea of how long it will take to pay off the debt. The Germans should invest in wheel barrows, as they will need these to carry the bank notes required to buy a loaf of bread. There is going to be hyper inflation.
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  2.  @justthefacts8999  this is not paying for something bigger and better for the future. It will be used to pay the existing debt and the debt created by the virus. It will be used to introduce a new level of taxation, originating not at state level, but at federal government level. In other words the existing debt crisis is being used to further the federal EU project. It is an exercise in stealth. By lumping in the existing debts of the less efficient states, it is punishing the frugal to pay for the profligate and feckless. What is interesting is that it is being done without the explicit permission of the electorate. It is a way of circumventing the objections of those who do not wish for further integration or to be part of a federal Europe.
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  3.  La Corneja  you really are not paying attention. Unlike the last financial crisis, the funny money is being printed and given to the citizens if debt ridden countries. Who is the beneficent donor who is willing to fund grants of 500 billion Euros? What we are watching is a rerun of the 1930s and the great depression. It took time for that to develop as it will this time. The world is already awash with funny money in the form of Q.E. sooner or later, the worth of money must go down as a result of printing so much without the collateral to back it up. The 750 billion Euros are to pay for industry not producing anything for the period of the lock down. What you perceive as have is just the warnings of a corrupt politic and financial system. In two years we will know if my predictions are correct.
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