© Waterford Whispers News
"In view of the historical fall in value for the euro area, a simple and easy remedy is needed that anyone can carry out quickly free of bureaucratic red tape," said Lagarde, before demonstrating how a 5 euro note with just one additional hand-drawn zero could be converted into a 50 Euro note. "It's that simple. Problem solved! Do the same at home and help us beat inflation."
With this simple trick, you can not only convert 5 euro notes into 50 euro notes, but also 10 euro notes into 100 euro notes, 20 euro notes into 200 euro notes, 50 euro notes convert to 500 euros, 100 euros to 1000 euros and 200 euros to 2000 euros. According to the ECB, the method can also be applied to coins.
In the past, the European Central Bank has repeatedly come under criticism for sticking to its policy of printing money despite rising inflation. It is all the more surprising that the financial institution is now preferring to use conventional handwriting instead of sophisticated printing processes to implement its monetary policy goals - a clear shift in focus away from more bureaucratic measures.
However, critics warn that the ECB's unusual step is opening the floodgates to currency crime. "Lagarde obviously has no idea what kind of mischief can be caused by clever fraudsters with this dangerous technology," explains Vincent Coyne, a lecturer in Economics in UCD. "What's to say a mad man will stop at adding just one zero on the end, we will be Zimbabwe in a matter of days."
Reader Comments
Did you really think you could rid the earth of all the indigenous, skilled localized artisans, craftsmen and HONEST laborers and replace them with techno-zombies and get away it?
Is that what you thought?
Is that what they thought?
Who thought of this?
???
ned,
OUT
*
All LiVeS MaTTeR...BY WILLIAMBANZAI7 [Link]
Oh man.....did you know that twitter post has like 15.3 million views already - I reckon it is too late to cancel that!
Ken
you got you 100
now begs the question - how did you add the "0"?
Take a 10 and then take away a zero at the end.....
now you got you a 1 and begs the question...
how did you get rid of the 0?
Ah well, nothing but numbers - imaginary in a way or do you not know what it takes
to add a 0 or get rid of 1?
Poem of the Day in honor of Rehoboth beach when my one daughter was but 2 and other was in her mommy's tummy not but 6 weeks old. Ain't life a mystery?
Peace is easy,
BK
[Link]
You guys and gals are making me laugh too much!
RUListening has a very good write-up here:
SOTT Focus:Creatures From the Deep Signal Major Earth Changes: Is Anyone Paying Attention?
When we pay attention to what is happening with the animals of the world, they can tell us a lot about our environment and predict changes that we, as mere humans, would normally not pick up on as...Forward thinking company is using plastic waste to make roads that are 60% stronger than traditional ones
The first plastic created by Leo Hendrik Baekeland in 1907 was based on synthetic polymer made from phenol and formaldehyde. Since then plastic has been used to create just about anything you...Gardening:
Avocado FLOUR
To make avocado flour, you bake the pit until soft, remove and chuck out the husk (a potential source of cancer-fighting compounds), then dice the pit before whizzing it in the blender
[Link]
6 Ways,Mushrooms can save the world.
[Link]
.... I love MeanMary too, w.o.w.e.e. I LOVE the banjo🥰
The fiddle aint nothing but a neighbour to the bango haha, just like I probably wouldnt like your street neighbour as I like you