BLOOD OF THE NATION: MONETARY SOVEREIGNTY AND ITS CHAINS

12 Pages Posted: 7 May 2025

Date Written: April 24, 2025

Abstract

Monetary sovereignty shine as a nation's power to shape its currency, guide its wealth, and claim freedom in a woven global web. Yet, constraints bind his power as world markets, foreign influence, and borderless coins challenge control. This paper explores sovereignty's essence, asking what fuels Europe's command over money and what holds it back in a connected world. The Eurozone's shared currency, tying nations form Germany to Greece, tests autonomy against the price of unity, with crises like 2008 or Greece's debt struggle revealing cracks no single state can mend. Beyond Europe, the dollar casts a long shadow, crypto sparks defiance, and global debt tightens grip, each testing the reach of liberty's coin. Is sovereignty the right to print wealth, or a fleeting image shaped by unseen hands? Merging economic ideas, from state-driven money to market sway, with philosophy's view of power and time, this work casts currency as a fragile vow. The 2008 collapse, London's Brexit shift, and Bitcoin's stateless rise mark sovereignty's limits, exposing bounds no mint can break. Through a poet's gaze, the study seeks questions over answers, tracing where control stands firm or fades, and what lingers when a nation's coin dims in a vast age. This meditation probes money's weight, liberty's spark, and the ties that bind Europe and the globe's pulse.

Keywords: monetary sovereignty, eurozone, global finance, political economy

Suggested Citation

Brilhante, Gerson, BLOOD OF THE NATION: MONETARY SOVEREIGNTY AND ITS CHAINS (April 24, 2025). Available at SSRN: https://ssrn.com/abstract=5237697 or http://dx.doi.org/10.2139/ssrn.5237697

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