It's not secret that I'm strictly against central banks. Anyway here's a small calculation on the last moves of the ECB. They made 1 trillion Euros out of the blue. Now a trillion written is: 1 000 000 000 000. How can they do that? Oh it's simple they just say the money is there and...
In the EU zone the inflation rate is beyond official 2%. That means in 36 years the value of your money is halved. However this is just the official rate which always is lower than the real one. They write about a "felt" inflation of 5%. The truth will be in between. So let's assume it's...