Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Exploring Competitive Devaluations in the European Parliament

A few European members of Parliament have been pondering on the idea of competitive devaluations, but such solution will require a vast increase in the money supply, which will benefit the people who first receive the increased amount (bankers and government) in prejudice of the rest of the population. Rather than punishing everyone else (by either printing money or bailouts), let bankers and governments go bankrupt, which will be their own punishment for overleveraging themselves.