Tesla Batteries Are Keeping Zimbabwe’s Economy Running

I'll take crypto currency any day, over a guaranteed 40% loss every year. At least crypto has the chance of going up.

This is not about replacing money in the US. It is about replacing money in countries where there is already a huge inflation rate.

The national central banks don't have all that much to say within the ECB system and are basically a historical remnant of a system that has been superseded and made obsolete (like the queen of England).

Personally I don't have a problem with somebody serving in government administration moving on to a role that's independent of government. Not everybody in administration is a political entity, and it is very possible for somebody who had been a political entity to leave politics behind. The same people who like to spin everything into conspiracy were also keen to point out that Mario Draghi had previously been with Goldman Sachs. ...so if it is somebody from public administration, there's a conspiracy theory. If it is somebody from business, there's a conspiracy theory, too. In that case where are these people supposed to come from? In my opinion it's a good thing that people need a proven track record of some kind or another to be eligible for offices like that, you can't just pick them up on the street just because, for political reasons, you require that they should have no past of any kind.

And, finally: European sovereigns weren't particularly in trouble in 2008. It was in 2010 that the crisis had made its way into the accounts of sovereigns, most notably the Greek debt crisis which later expanded into a debt crisis for Portugal, Ireland, Greece, and Spain. During that time, this mechanism was, indeed, a much discussed topic, but precisely in the sense of what I previously wrote: It was a historical precedent for how a sovereign debt crisis plays out when you can't just inflate your way out of it.