Content: Introduction Two Visions for Europe The Dynamics of Fiat Money The Road Toward the Euro Why High Inflation Countries Wanted the Euro Why Germany Gave Up the Deutschmark The Money Monopoly of the ECB Differences in the Money Creation of the Fed and the ECB The EMU as a Self-Destroying System The EMU as a Conflict-Aggregating System The Ride Toward Collapse The Future of the Euro Conclusion