This one is entertaining, not only for what it says, but also for its almost comical brevity. Sadly, if it weren't for the fact that the whole Euro experiment is proving to be one colossal Rottenchild nightmare, it would be laughable. We'll get to that. But first, the article:
Yup, that's it, three short one sentence paragraphs:
"Belgian authorities have launched an investigation after the seizure of tons of fake euro coins which came from China.
"Customs at Brussels airport have been confiscating the counterfeit coins over the past few months.
"Germany’s Bundesbank mistakenly accepted fake money from China worth six million euros in 2011."
Now the question really is, why would China be counterfeiting Euros? and especially coins? And especially in such small amounts?
Assuming that it really is China and not some gang "doing its own thing", I suspect that once again, the answer is geopolitical. A broken-up European union, from the standpoint of China and its allies, would be much easier to "manage" than would be the EU (after all, the Europeans can't even manage the EU). The euro, already under mounting pressure, might conceivably crack if confidence can be further undermined. Along with the other BRICSA nations China has been busy building new understandings along with challenging American power and interests. The recent trips of Benjamin Nuttyahoo to Beijing and Moscow as Russia and China seek to inject their influence and views into the region are another consideration.
We can speculate all we wish but the bottom line is that there is an assault on Western finance, and the euro, along with the dollar, is at the heart of that system. Why coins? the answer, it would seem, is easy: coins are much easier to counterfeit than currency. The smaller amounts are annoying, probably much more so than currency and much more of a hassle to track down and take out of circulation. Changing coin designs or content is likely too expensive and probably more readily reproducible anyway. Doing away with coins altogether isn't feasible.
It's a clever choice, really, and if done on a large enough scale... can you say welcome back, DMark?
See you on the flip side.