Marco Saba - 14/03/2009
Source: studimonetari
(I write this article because it takes the vision intended by Economy Minister Tremonti Committee, established to develop and propose new rules to be presented to the G20 in April 2009)
Abuse popular credulity and misappropriation of purchasing power, property crimes and a daisy chain of fraud against the public are just some of the particular features of our current banking system (1) based on the "miracle of the multiplication of the loaves and fishes" which derives from the mechanism of fraudulent fractional reserve. I discussed at length in my books (2) and in earlier articles (3) but here I will add some remarks unedited. The fundamental risk that is running the system is that the public realizes that they're playing a poker game where a cheater, the banking system, is sponsored by the state to the bitter end. This will drag both into the abyss, leaving the sovereign people in the rubble. Let's recap, without re-capitulate - Possibly.
Since its inception in 1860 the central bank, then known as National Bank, in the issue of cheating by issuing notes four times the gold reserve that was in storage. The report was then a four and asked if everyone had the conversion of notes into gold, the system would have failed and now we are not in present condition. Instead, thanks to a series of tricks and the collusion of some politicians and state, the system flourished and we have reached a current ratio of one officer to fifty. This relationship was then diluted further with the system of derivatives, but for now confine ourselves to the "fifty credit." A fifty more credit to a gold reserve of which is appropriate that the Bank of Italy after 1973, the end of the Smithsonian agreement, but towards the monetary base created by the state coins more private notes of the ECB. I will explain the system shown a serious misunderstanding of contemporary criminology: the so-called Ponzi scheme.
The "Ponzi Scheme revisited
In criminology refers to the Ponzi scheme to indicate a scam in which they collect money by promising high dividends, dividends are picked up by the new members to the scheme according to a pyramid scheme. The system collapses when they finish the new arrivals and it becomes impossible to pay further dividends. For this reason it is essential to continued immigration of new workers, who pay new contributions, to keep up the Ponzi scheme of the Italian pension system, but that's another story ... In reality Charles Ponzi in the twenties of the last century was made simply disagree with a banker who practiced fractional reserve, then to 10%. That is, for every $ 100 that Ponzi paid the banker he created nine hundred and 100 returned him to pay the interest. Fifty were distributed to participants in the scheme and 50 Ponzi kept it. 800 remained to be given to the banker and reincassare, plus interest, via the mechanism of reflux "- that is, collecting the installments regularly repaid by borrowers and appropriate, just as banks do today. So why is easily explained, even when the newspapers had already mounted a scandal, however, describing the system as, in fact, a traditional Ponzi scheme, the company could still Ponzi no problem to reimburse customers of both principal and interest. In the "real" Ponzi scheme, losers were the other competing banks not participating in the scheme: the absence of the payments of money-based score of Ponzi, could trigger misappropriation by fractional multiplication. It was enough that they could agree among banks, as they do today through participation in the Bank of Italy, in proportion to divide the loot, and all would be a great ... almost. Until that is, as is happening now, a large population realizes the trick. And 'because criminologists do not know the actual functioning of the original Ponzi scheme that it becomes difficult to identify all the crimes connected to that system. For this reason the judges do not understand that the international central clearing of interbank megalavanderie are nothing more than the profits of the "Ponzi Scheme Revisited." All the money in the bank is reflux washed and recycled through the plant to compensate through thousands accounts "unpublished" as in the case of Clearstream discovered by French journalist Denis Robert (4). Without the embezzlement carried out through the privatization of the pension money, a lot of really good fortune would be inexplicable ...
Let Justice
The private money issued by the European Central Bank (ECB) fishing in the purchasing power of the whole European community, forced to accept it because "in the course legal, "in reality" fiat. " And this is the first 100% value that is paid out of sight. Moreover, when the state needs money, issue debt securities at nominal value of the currency rather than simply support the costs of issuance, as it does for metal coins. The ECB, however, the rent money hidden in the budget actually would be in step, so that the so-called seigniorage - as understood by Bank of Italy - is the difference between the fake person and i titles gains made by the central bank through other speculation and market manipulation, made assets. The pension money then, especially since illegal private and not forfeit as a charge state, is called seigniorage and the Bank of Italy has no intention to return (5). In the light of what has emerged, it is sad to note that the governor of the Bank of Italy, Mario Draghi, has even sued the journalist Ugo Gaudenzi who had dared to call it "criminal." Dragons would do well to remember the lessons of his teacher Frederick Coffee, who was not in favor of a scam designed to enrich an "elite-born tired" - not to say worse! - Denying that fact to the population redistribution of wealth. But this would call it better: "morally bankrupt". Instead of struggling desperately to delay the inevitable, I advise Dragons active repentance. Follow the example of Prof. Nino Galloni, another pupil of coffee, and write books to educate young people, rather.
The judiciary in general can not provide a solution to the fraud of monetary debt of the dual citizens, plus interest. This was demonstrated recently in a sentence together sections of the Supreme Court (6). It should also be noted that judges are paid by the State Treasury, mysteriously managed since 1907 by the Bank of Italy, without a regular tender, but through a "tacit" twenty years of renewal ... I think clearly this is a scary incestuous conflict of interest that Codest magistrates should be automatically exempted from the causes that concern citizens and banks. As we know, only the Attorney General Bruno Tarquini now retired, he worked as a money scandal instructive book "The bank, money and wear and tear - The Constitution betrayed", against the Editions, 2001. A quaestor who had initiated a lawsuit on the matter, Arrigo Molinari, was stabbed to death shortly before the summons to court (September 27, 2005) ... The European Police Fraud - OLAF - if they have washed their hands in 2005 (7). The state obscures the full truth about the monetary policies through state secrecy imposed by law (8), in spite of the so-called "transparency." The new statute regional Federal Lombard (9) even going beyond the intentions of the Constitution in the referendum, Art. Paragraph 50 2 reads: There shall be a popular initiative in office, electoral, financial, budgetary, tax, ratification of agreements with foreign states and agreements with local authorities of another State or with other regions.
We are in a void that can currently only be bridged through the establishment of a quasi-public money (10), and / or through the institution of juries, as in the case of the Court Special Assize judging the fascist in the post-war crime by showing, that full light (11), or, in extreme cases, through the emergence and revolution, as in America in 1776. Note, finally, that the Italian debt situation is similar to that of France in 1780, where more than half of the revenue went to service debt. It was a triggering factor of the French Revolution of 1789 ...
The choice is yours.
Notes:
1) To understand the amount of illegal and legal monstrosity in the current management of the credit system from the point of view of Roman law, it is necessary and appropriate to read the text of Professor Jesus Huerta De Soto, "Money, Bank Credit, and Economic Cycles." freely downloadable from the Internet:
http://mises.org/books/desoto.pdf
2) "Bankenstein", ed. Nexus (2006), and "Either the bank or life," Arianna Editrice (2008).
3) The last is "Saving Bank, a bad joke collegiate," Rebirth, March 5, 2009.
4) "Money - The black book of international finance", Denis Robert and Ernest Backes, New Media Worlds, 2004
5) Writes the Bank of Italy on its website, dated August 2, 2006, or under the governorship of Mario Draghi: "In light of the above considerations, this institute will reject any further request for payment of shares of seigniorage income and enforce the decision of the United Divisions in any pending state judicial proceedings or in the future should be established against him. "
http://www.bancaditalia.it/bancomonete/signoraggio/signoraggio_ss_uu_comunicazione.pdf
6) Cass., Sec. I, June 21, 2002, No 9080 and Cass.16751/06, July 21, 2006.
7) Police OLAF European Anti-Fraud: We are not responsible for the investigation of alleged fraud related to the phenomenon of so-called "seigniorage" - September 9, 2005
http://studimonetari.org/articoli/olafesignoraggio. html
8) Decree No 561 of October 13, 1995, published in the "Official Gazette" No. 302, December 29, 1995.
9) http://www.parlamentiregionali.it/dbdata/documenti
/%% 5B482bef087b02c 5Dlombardia_14.05.08_IIlettura.pdf
10) As proposed in the draft law on Special Regional Regional Solidarity:
http://studimonetari.org/propostaleggeregionalebrs.pdf
11) This would judge about 320,000 bank, highlighting those cases in which one can prove the mental element of the offense. The management and strategic direction of the banks are more at risk, Bank of Italy together with the employees.
Many other news about www.ariannaeditrice.it
Source: studimonetari
(I write this article because it takes the vision intended by Economy Minister Tremonti Committee, established to develop and propose new rules to be presented to the G20 in April 2009)
Abuse popular credulity and misappropriation of purchasing power, property crimes and a daisy chain of fraud against the public are just some of the particular features of our current banking system (1) based on the "miracle of the multiplication of the loaves and fishes" which derives from the mechanism of fraudulent fractional reserve. I discussed at length in my books (2) and in earlier articles (3) but here I will add some remarks unedited. The fundamental risk that is running the system is that the public realizes that they're playing a poker game where a cheater, the banking system, is sponsored by the state to the bitter end. This will drag both into the abyss, leaving the sovereign people in the rubble. Let's recap, without re-capitulate - Possibly.
Since its inception in 1860 the central bank, then known as National Bank, in the issue of cheating by issuing notes four times the gold reserve that was in storage. The report was then a four and asked if everyone had the conversion of notes into gold, the system would have failed and now we are not in present condition. Instead, thanks to a series of tricks and the collusion of some politicians and state, the system flourished and we have reached a current ratio of one officer to fifty. This relationship was then diluted further with the system of derivatives, but for now confine ourselves to the "fifty credit." A fifty more credit to a gold reserve of which is appropriate that the Bank of Italy after 1973, the end of the Smithsonian agreement, but towards the monetary base created by the state coins more private notes of the ECB. I will explain the system shown a serious misunderstanding of contemporary criminology: the so-called Ponzi scheme.
The "Ponzi Scheme revisited
In criminology refers to the Ponzi scheme to indicate a scam in which they collect money by promising high dividends, dividends are picked up by the new members to the scheme according to a pyramid scheme. The system collapses when they finish the new arrivals and it becomes impossible to pay further dividends. For this reason it is essential to continued immigration of new workers, who pay new contributions, to keep up the Ponzi scheme of the Italian pension system, but that's another story ... In reality Charles Ponzi in the twenties of the last century was made simply disagree with a banker who practiced fractional reserve, then to 10%. That is, for every $ 100 that Ponzi paid the banker he created nine hundred and 100 returned him to pay the interest. Fifty were distributed to participants in the scheme and 50 Ponzi kept it. 800 remained to be given to the banker and reincassare, plus interest, via the mechanism of reflux "- that is, collecting the installments regularly repaid by borrowers and appropriate, just as banks do today. So why is easily explained, even when the newspapers had already mounted a scandal, however, describing the system as, in fact, a traditional Ponzi scheme, the company could still Ponzi no problem to reimburse customers of both principal and interest. In the "real" Ponzi scheme, losers were the other competing banks not participating in the scheme: the absence of the payments of money-based score of Ponzi, could trigger misappropriation by fractional multiplication. It was enough that they could agree among banks, as they do today through participation in the Bank of Italy, in proportion to divide the loot, and all would be a great ... almost. Until that is, as is happening now, a large population realizes the trick. And 'because criminologists do not know the actual functioning of the original Ponzi scheme that it becomes difficult to identify all the crimes connected to that system. For this reason the judges do not understand that the international central clearing of interbank megalavanderie are nothing more than the profits of the "Ponzi Scheme Revisited." All the money in the bank is reflux washed and recycled through the plant to compensate through thousands accounts "unpublished" as in the case of Clearstream discovered by French journalist Denis Robert (4). Without the embezzlement carried out through the privatization of the pension money, a lot of really good fortune would be inexplicable ...
Let Justice
The private money issued by the European Central Bank (ECB) fishing in the purchasing power of the whole European community, forced to accept it because "in the course legal, "in reality" fiat. " And this is the first 100% value that is paid out of sight. Moreover, when the state needs money, issue debt securities at nominal value of the currency rather than simply support the costs of issuance, as it does for metal coins. The ECB, however, the rent money hidden in the budget actually would be in step, so that the so-called seigniorage - as understood by Bank of Italy - is the difference between the fake person and i titles gains made by the central bank through other speculation and market manipulation, made assets. The pension money then, especially since illegal private and not forfeit as a charge state, is called seigniorage and the Bank of Italy has no intention to return (5). In the light of what has emerged, it is sad to note that the governor of the Bank of Italy, Mario Draghi, has even sued the journalist Ugo Gaudenzi who had dared to call it "criminal." Dragons would do well to remember the lessons of his teacher Frederick Coffee, who was not in favor of a scam designed to enrich an "elite-born tired" - not to say worse! - Denying that fact to the population redistribution of wealth. But this would call it better: "morally bankrupt". Instead of struggling desperately to delay the inevitable, I advise Dragons active repentance. Follow the example of Prof. Nino Galloni, another pupil of coffee, and write books to educate young people, rather.
The judiciary in general can not provide a solution to the fraud of monetary debt of the dual citizens, plus interest. This was demonstrated recently in a sentence together sections of the Supreme Court (6). It should also be noted that judges are paid by the State Treasury, mysteriously managed since 1907 by the Bank of Italy, without a regular tender, but through a "tacit" twenty years of renewal ... I think clearly this is a scary incestuous conflict of interest that Codest magistrates should be automatically exempted from the causes that concern citizens and banks. As we know, only the Attorney General Bruno Tarquini now retired, he worked as a money scandal instructive book "The bank, money and wear and tear - The Constitution betrayed", against the Editions, 2001. A quaestor who had initiated a lawsuit on the matter, Arrigo Molinari, was stabbed to death shortly before the summons to court (September 27, 2005) ... The European Police Fraud - OLAF - if they have washed their hands in 2005 (7). The state obscures the full truth about the monetary policies through state secrecy imposed by law (8), in spite of the so-called "transparency." The new statute regional Federal Lombard (9) even going beyond the intentions of the Constitution in the referendum, Art. Paragraph 50 2 reads: There shall be a popular initiative in office, electoral, financial, budgetary, tax, ratification of agreements with foreign states and agreements with local authorities of another State or with other regions.
We are in a void that can currently only be bridged through the establishment of a quasi-public money (10), and / or through the institution of juries, as in the case of the Court Special Assize judging the fascist in the post-war crime by showing, that full light (11), or, in extreme cases, through the emergence and revolution, as in America in 1776. Note, finally, that the Italian debt situation is similar to that of France in 1780, where more than half of the revenue went to service debt. It was a triggering factor of the French Revolution of 1789 ...
The choice is yours.
Notes:
1) To understand the amount of illegal and legal monstrosity in the current management of the credit system from the point of view of Roman law, it is necessary and appropriate to read the text of Professor Jesus Huerta De Soto, "Money, Bank Credit, and Economic Cycles." freely downloadable from the Internet:
http://mises.org/books/desoto.pdf
2) "Bankenstein", ed. Nexus (2006), and "Either the bank or life," Arianna Editrice (2008).
3) The last is "Saving Bank, a bad joke collegiate," Rebirth, March 5, 2009.
4) "Money - The black book of international finance", Denis Robert and Ernest Backes, New Media Worlds, 2004
5) Writes the Bank of Italy on its website, dated August 2, 2006, or under the governorship of Mario Draghi: "In light of the above considerations, this institute will reject any further request for payment of shares of seigniorage income and enforce the decision of the United Divisions in any pending state judicial proceedings or in the future should be established against him. "
http://www.bancaditalia.it/bancomonete/signoraggio/signoraggio_ss_uu_comunicazione.pdf
6) Cass., Sec. I, June 21, 2002, No 9080 and Cass.16751/06, July 21, 2006.
7) Police OLAF European Anti-Fraud: We are not responsible for the investigation of alleged fraud related to the phenomenon of so-called "seigniorage" - September 9, 2005
http://studimonetari.org/articoli/olafesignoraggio. html
8) Decree No 561 of October 13, 1995, published in the "Official Gazette" No. 302, December 29, 1995.
9) http://www.parlamentiregionali.it/dbdata/documenti
/%% 5B482bef087b02c 5Dlombardia_14.05.08_IIlettura.pdf
10) As proposed in the draft law on Special Regional Regional Solidarity:
http://studimonetari.org/propostaleggeregionalebrs.pdf
11) This would judge about 320,000 bank, highlighting those cases in which one can prove the mental element of the offense. The management and strategic direction of the banks are more at risk, Bank of Italy together with the employees.
Many other news about www.ariannaeditrice.it
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