An Englishman's home

For too long the Englishman's home has been his financial instrument, and speculation has taken his mind off productive work. He has learnt to spend his time watching the changing size of his pile. His view of the Euro matches this mentality. He considers it his birthright to be able to leverage the strength of the pound to buy cheap property abroad and is sorely miffed when as an expat he can no longer live like a king on a sterling pension. But money is like the oil in a car's motor. If it isn't continuously pumped through the system the engine seizes up. The view of money as treasury which needs to be piled up is primitive and is equivalent to letting all the oil accumulate in the sump where it can do no good. For this reason alone, the euro, which has increased the ease with which money circulates over a large area of the world, has proved its worth, and for the Brits to stay out of the eurozone is to deny its potential for lubricating and feeding the real economies of both Europe and the UK.

Thomas Jefferson said "If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered".

Seems the same fate is befalling the mother country.