The excessive power of central banks on the destinies of peoples
The Phantom of the government deficit
It is commonly thought that the issuing banks are public institutions that have at heart the interests of citizens and are therefore not for profit. In fact there is no question of government agencies but to private companies that generate huge profits with "lend" our money against the delivery of interest-bearing securities. It seems absurd, but that's how generating the state deficit, public debt that notorious that penalizes all the actions of government rests on the shoulders of citizens.
Here's how it works. The bank - now the European Central Bank, once the Bank of Italy - release notes and include the liabilities on their balance sheet their amount, as if it were an amount of property of the Bank and granted by this state. At the same time, the Ministry of Treasury, the Bank incamera bonds and include the amount of the assets of their own budget.
At this point, these bonds are "placed" (read: "sold") at banks and credit institutions, which in turn, sell to their customers. With this, the central bank collects on the market now that the money "loaned" to the State, who then reimburse them these same securities at maturity.
For its part the State (together with the Central Bank and for the same game) enrolled in the passive in its budget the sums that the Bank's "loaned" , those notes which really belong to the citizens and therefore should be included in the assets of the state budget.
Thus implementing monstrosity accounting contextual inclusion on the liabilities side, by two contractors, the sums refer to the same transaction.
E 'with these operations that produce the public debt, which as a result of the erroneous entry in the budget becomes equal to double the amount of transit.
But as we have been able to come to accept and institutionalize a situation like this?
The story begins with the abandonment of the gold standard, when no money had more gold backing. It was following the Bretton Woods and after the declaration of August 15, 1971 the President of the United States of America Richard Nixon at Camp David said that the dollar, which until then had been the only currency convertible, it would longer be changed with the precious metal.
But it was already the time of the founding of the Bank of England and central banks, which minted its own money on behalf of the States, had begun to gradually introduce market paper currencies (the so-called gold - paper) which in fact were not, just wanted to continue to believe, "warehouse receipts", as in the coffers no longer existed a corresponding amount of gold to the money circulating.
It was thus produced the phenomenon that allow institutions to issue paper money hand over to the States, as if instead of cashiers States they were the owners of the currency. So it was that banks began to "pay" not gold or a title that represented the gold, but the printed word, given by way of loan on which interest must be paid.
paper money and paper money, whose value derives from that is not who the press (the central bank), but by the collectivity of citizens who accepts it as payment, as it expects to use it in turn as a means of payment.
it is clear that the central bank undue financial both interest and value as between the face value (or nominal) of notes in circulation and the cost of printing that claimed to produce them.
It comes with all the evidence of a structure and an unfair practice that discriminates against and starves society as a whole. Each issue by itself produces a debt and therefore creates the paradoxical situation of deflation in the medium of exchange. And 'why can not the various executive ever to come up with any good trick to get out of debt problems endemic.
The "market" clearly shows the consequences: the heavy strain of all production activities and the constant pursuit of wage-price spiral (poor and non-remunerative), which contrasts dramatically with often tragic results and the components of the social (conflict Social induced).
but we're in a constant state of stagflation, where the loss of purchasing power is contextual monetary scarcity, as the currency issued is increasingly insufficient to be made to the central bank increased the interest which the bank claims.
vain we study how to support families and help young people. The same forms of payment given for delaying the acquisition of basic goods such as housing are a source of anxiety because of the strict deadline. It is so discouraging productive activities and only fatten the credit institutions. This
embezzlement, authorized by the laws of the State with an operation that may, in its own right, define masochistic, affects all social classes and especially the most vulnerable and helpless, producing tragic and condemnable phenomena of wear and destitution on the edge of survival. We see it every day from the news which also shows only the tip of the 'iceberg. E 'especially this desperate situation that leads to suicide and fuels organized crime or not. (You know, hunger is a bad counselor)
It is remarkable that no one speak of this macroscopic wear. Even when you are unable to enter into the argument with people who, for academic or profession, should know him, he invariably discovers an incredible ignorance or hostility that does not oppose nor made significant objective reasons, or finally reticence and suspicious enough and not too disguised intention of detecting or truncate the topic. Why it has happened to that logical arguments compelling, we responded with objections made logically or with established facts and valid counter. However
to that the remedy exists and is a remedy that responds to justice and charity. This is to restore the right of communities across the state, which may (et ergo debet) redress this situation by dictating to regain, in behalf of the community, the lost sovereignty.
There are, moreover, previous to this partial emancipation. The Italian State, for example a few decades ago are printed on their own, through the State Printing, the paper currency in size from $ 500. They did not bear the inscription "payable to bearer on demand", and indeed they do not increase public debt, but they were recognized as assets in the state budget. They had tickets to the State. Even now
coins 1 euro and 2 euro, being metal and not paper, are not subject to the seigniorage of the ECB, but are an active stock of the various Member States of the European Community under the euro.
also have already had some micro economies in the world, printing its own money on their own, radically solved their economic problems. That is, for example, the caso dell’Isola di Guernsey, la maggiore delle Isole Normanne. Dopo le guerre napoleoniche l’Isola versava in condizioni disperate. Oggi invece è la plaga più prospera del Regno Unito, ad onta delle panie frapposte dalla Banca d’Inghilterra, timorosa che il precedente possa far scuola e sottrarle così quanto lucra dall’attuale situazione di signoraggio.
E’ evidente che, data la mole enorme degli interessi in gioco, occorre una preparazione culturale che informi le collettività affinchè prenda coscienza del giogo che grava sulle spalle di tutti.
