AfD Kompakt, July 12, 2022.
The euro’s weakness is no accident. It is the logical
consequence of the failed economics and unchecked monetary policy of past
decades. With its inflation policy, the ECB has in fact managed in a milieu of
weak currencies to bring forth the weakest of all currencies and even to devalue
the euro against the currency of the U.S.A., the world’s debts champion. Despite
the record high inflation, the ECB avoids an appropriate change of interest
rate and continually purchases state debts solely to maintain the euro’s
southern countries’ ability to pay. The result of this state of affairs,
contrary to treaty, is the devaluation of the euro.
In addition, the euro’s exchange rate is closely connected
with the state of the German economy. Its downfall is the result of its real
economic manipulation [Gängelung] by
the Federal government and the EU: Over-regulation, CO2 planned
economy, subventions and cohesion policy, transfer payments, sanctions policy,
debates laden with ideology are the crippling poison which undermines the
economic power of the entire EU and this leads to the devaluation of the euro.
This devaluation to parity at the same time contradicts the
myth according to which the severe price increases are in the first instance to
be traced back to the war in the Ukraine. It is much more evident that the euro
loses value on a broad front – the higher import prices thereby intensify the
problem of inflation.
If the ECB does not immediately begin the change in interest
rate, the capital flight out of the euro zone will be accelerated, purchasing
power further weaken and the entire euro zone drawn into stagflation. Yet since
here a reversal in the monetary policy will foreseeably fail due to resistance
of Italy, France and other countries, can ultimately only an exit of Germany
from the euro zone and a return to the D-mark stop the devaluation and with it
the asoziale inflation.
[trans: tem]
