Austerity Measures are not an Option: ECB must enable governments to spend their way out of pandemic for an effective fiscal policy😂 – November 27, 2020,

The article I point to below sums up what’s wrong with the Western World.

ECB must enable governments to spend their way out of pandemic: report | reuters.com

With the Communists, they openly worship the government, in the mid of a Socialist or a Communist the politicians are beyond Royalty, they’re Gods! In the Western World as we creep closer and closer to Socialism all one needs to be is consciously aware of what these political leaders say and you can clearly see they’re marching towards Marxism.

Marxists have proven to be far greedier than Capitalists, at the very least Capitalists love to compete, Socialists don’t want the burden of competition, Marxists want a monopoly but only after those silly Capitalists do the dirty task of getting people to work.

Once the Capitalists get people jobs, the Socialists want to in some way shape or form Nationalise those jobs. Because central banks have become accepted by Capitalists and most Capitalists openly use private bank debt in fiat government-controlled dollars/Euros, what the politicians see is a way to become popular amongst their people.

You see deep down all humans want to have their cake and eat it too, so the Socialists to become popular amongst their voters, attempt to find different ways to buy votes. Donald Trump of America and Justin Trudeau of Canada during this COVID-19 pandemic bought votes, Trump got a record 79 million votes, whether Trump wins the election or not means nothing he broke a voter turnout record and one could argue it was because of the stimulus that he got from America’s central bank.

With that said the European Central Bank has to be more responsible than the U.S federal reserve because after all, certain parts of Europe have a history of hyper-inflating their debts away and many European nations consume more than they produce. The sad part of all of this is that a lot of people genuinely believe that excessive government regulations will spur economic growth. It appears that ECB board member Fabio Panetta is a believer that government is always right and as long as we give any government more money, then economic growth will happen.

Once the money is politicized central bankers and central planners with little to no pushback imagine themselves to be Gods! ECB board member Fabio Panetta is a prime example of what’s wrong with the Western World!

Interesting times ahead!