This once again shows – how much power the monetary system has accumulated.
It is a game of unbearable debt – extreme losers and extreme winners – and dependency on imports and exports – because nobody grows their own food anymore – because of money and efficiency and monopolies.
The main tools of conquest and control are not troops and tanks – but trade or no-trade and debt-money.
It is sickening.
If Catalonia unilaterally declares independence from Spain, they could be cut off entirely from ECB funding. That, according to the Bank of Spain — hardly the most impartial observer — would set in motion a corralito-like event. As happened in Argentina in 2001, bank accounts would be frozen and customers would be able to access only a very small fraction of their funds. And probably not in euros.