Friday, September 30, 2005

Clear Bubble Inside My Lip

ordered to pay seigniorage!

( by La Repubblica, 30/09/2005, based on http://www.adusbef.it/ )

E per via Nazionale rischio megarisarcimento.
Sì al ricorso di un cittadino contro il "signoraggio".

ROMA - Il primo colpo al diritto di signoraggio arriva da un giudice di Pace di Lecce, Cosimo Rochira. Ha condannato la Banca d'Italia a pagare 87 euro a un cittadino italiano. Il motivo? Bankitalia ha trattenuto indebitamente una somma che di diritto spetta allo Stato italiano.
E' un istituto antico il signoraggio, che ha perso valore col tempo. Una volta il sovrano batteva monete d'oro, ne garantiva il valore e in cambio della garanzia tratteneva una parte di quell'oro. Non è più così, nemmeno le riserve auree garantiscono più la moneta. Tanto che sulle banconote gone is the word "payable to bearer." Seigniorage and the proceeds end up but remained in the vaults of Bank of Italy.
"
the problem and hence the conviction - said lawyer Antonio Tanza dell'Adusbef, who oversaw the proceedings - is that for years Palazzo Koch no longer belongs to the state, but private banks. So citizens have continued to pay what has become a sort of tax credit institutions, in violation of those statutes of the Bank of Italy that Article 3, paragraph 3 is clear: the bank belongs to the State .
So was the conclusion of the court diversion of seigniorage income to the detriment the community is
87 per individual citizen . And the others? "Our goal - Tanza says - is asking that the stolen goods be returned to the state. It is about 5 billion € . E 'ready an open letter to Economy Minister Tremonti. (B.ar.).

Palazzo Koch
Palazzo Koch, the seat of the Bank of Italy

If we wanted to make us two calculations ...
87 € per person for 5 billion is equivalent to 57,888,245 people, 36 million, 277.315 million euro.
nothing compared to the mammoth public debt (1.439.755.000.000, 1439 billion euro), only 0.35% of public debt.

LECCE, COURT OF PEACE: THE BANK OF ITALY 87 EURO TO RETURN TO ANY NATIONAL

(AGE) LECCE - The Bank of Italy has been ordered to repay to each Italian, to the citizens of minors , 87 €. This is money that the IRS has taken over the years because of the so-called seigniorage, a total estimated at 5 billion euro. L 'has established a ruling of the magistrate of Lecce, Cosmo Roche and will remain in history. Seigniorage is the difference between the legal value of a coin and its production costs. It 's the gain of the state issuing the currency. A considered sacrosanct right until the Bank of Italy has been a public corporation. But since 1990 the property has increased by 5% the institute INPS, the remaining 95% to private banks and insurance companies, in turn, owners of other banks. The right of seigniorage would therefore lapsed. The Bank of Italy no longer private, but public can not continue to collect money from state taxpayers. The dispute had been raised by the national vice president dell'Adusbef, Antonio Tanza www.studiotanza.it that your site has made available to users in the form to request the return of stolen goods, at no additional charge.
(AGE) LTR

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