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[Jan. 31st, 2013|11:25 am]
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From:[info]lasitajs
Date:January 31st, 2013 - 12:17 pm
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OK, then maybe later.
But de facto we already have euro. Would you consider un-pegging the lat from euro? Getting out of EU eventually?
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From:[info]brookings
Date:January 31st, 2013 - 12:30 pm
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Just because it is de facto now, isn't an excuse for further cementing the process - I think control of the money supply is one of the most important things a sovereign state can have (we don't have it now, I know - in fact it is the central bank and private bank system that mainly controls this).

So, yeah, if it really isn't in Latvia's interest to peg the lat, then sure I would consider it: the same goes for being in the EU.

From:[info]lasitajs
Date:January 31st, 2013 - 03:54 pm
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You know the strange thing? You - not being born in this country (i suppose) - seem to care much more for the sovereignity of this state than me - native of this country. But probably it's now my turn to say that my views are outside what is considered normal.

Simply i don't see it as a bad thing to integrate closer with the federation, that is probably the best on this planet (from corruption levels to free press etc.).

Then, i'm wondering why you think lat will somehow isolate LV from influence of private banking system? To me your appreciation of lat seems symbolic at best. "Hey, we have own currency." You know, as Eddie Izzard said: "No flag, no country". Where in day to day life, lat or no lat, we will have to live with the same export countries, same private banks, only it's gonna be bit more expensive.
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From:[info]brookings
Date:January 31st, 2013 - 04:01 pm
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Yeah, I don't want to say the EU is all bad. However, I think policy is being manipulated to be in the interests of banks/bondholders - this together with central bank largesse to the private bank sector just results in free money for the few to speculate at workers'/savers' expense.

I would love to see a banking system that could only lend money that they actually have to lend in the first place. I would also love to see sovereign states free to release and regulate debt free money into the system, rather than rely on a parasite class to buy up treasury paper - a fantasy, I know, but one that stands a chance out of a federal state run for the interests of that parasite class.
From:[info]lasitajs
Date:January 31st, 2013 - 04:27 pm
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Your vision is grand. But if i get your drift, are you saying that it would be easier to implement such changes in smaller and sovereign country rather than big and / or federal?

If so then that might not be true. Looking at human rights – big advances in human / worker's rights have happened in big countries (USA – Virginia Declaration, France - Declaration of the Rights of Man and Citizen, Britan - Bill of Rights: just off the top of my head). I'm guessing there's a need for a critical mass to reach a tipping point.

Then again, one's always free to rewrite the history.
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From:[info]brookings
Date:January 31st, 2013 - 04:39 pm
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possibly - actually the critical mass point is well taken. However, I think the main thing is that in a large federal state such as the EU, change will come from the top down (you can be pro EU, but still be aware of the democratic 'deficit' there), and I don't see any top-down measure changing the existing priviliged position of the currency-creating class.