News
Non pagare il pizzo del
signoraggio è una questione d'onore e di dignità.
Attualità
Petizioni
Appuntamenti
Riassunto
del
sistema
Attualità (Lo
sapevate che il
petrolio costa oggi meno che negli anni 1980? Chi sta barando sul
prezzo della benzina?)
See also:
Oil Aid, tracking subsidies to the international oil industry: ITALY
SCEC NEWS aprile 2008:
(Arcipelago
Lombardia sarà ancora su STUDIO 1 il 12 maggio
dalle 18.30 alle 19.10)
E' online la prima puntata sugli SCEC trasmessa da
STUDIO UNO (video) - 24 aprile 2008
Veste
grafica deii neonati TalenTO-SCEC di Torino - 24 aprile 2008
TRENTO:
ARRIVA 'SCEC' NUOVA MONETA LOCALE - ANSA, 2008-04-24
Arcipelago Lombardia
presenta lo SCEC
sul canale STUDIO TV1 di
Treviglio - 21 aprile 2008, dalle 18.00 alle 19.15
Nuove
monete, economie più eque - Monete complementari: i progetti attivi in
Italia - Marco Saba, Il Consapevole n.15, aprile 2008
I
buoni di solidarietà debuttano a Oste: in parrocchia questa sera ne
spiegherà l'uso Arcipelago Toscano - Il Tirreno, 17 aprile 2008
Arriva
la nuova moneta contro il caro vita: Il 25 e il 26 aprile la prima
distribuzione dei buoni Thyrus - Arnaldo Casali, Il Giornale
dell'Umbria, 12 aprile 2008
Realizzazione di un video sullo SCEC
e le possibili ricadute sulle piccole e medie imprese - 18
aprile 2008
L'Avv. Marco Della Luna al MEETUP di Beppe
Grillo a Mantova - Aprile 17, 2008
Incontro con Don Claudio Visconti della Caritas Diocesana Bergamasca -
17 aprile 2008
An open
money Tutorial for the unMoney Convergence - Eric Harris-Braun,
April 16, 2008
e-SCEC:
sottoscritto un
protocollo di collaborazione tra ESSEBI, CSM e
Arcipelago Lombardia - 14 aprile 2008
Regolamento
Operativo per la gestione dei Buoni Locali SCEC
Da oggi, sul sito dello SCEC,
potete scaricare e stampare il nuovo numero delle PAGINE AUREE
(contenente le attività commerciali aderenti al circuito):
LA
MONETA COME STRUMENTO DI DOMINIO e le possibili alternative al vigente
sistema monetario - Di Piero Sanna (Con la preziosa partecipazione
di Pierluigi Paoletti e Giuseppe Littera)
Photo Album: ARCIPELAGO
SCEC, la sottoscrizione dell'atto costitutivo e dello statuto
Nasce
Arcipelago Lombardia:
Coordinamento regionale dei buoni locali di solidarietà SCEC - 11
aprile 2008
La
Povertà in Italia e la fame nel mondo - di Andrea Tronchin,
CriticaMente, 10 Apr 2008
Lo scorso fine settimana
ero a Napoli per la fondazione di Arcipalago SCEC, questa neonata
associazione ha stampato e distribuito alle prime realtà che stanno per
adottare il sistema SCEC (Solidarietà ChE Cammina) 1 milione e 200 mila
SCEC in totale
Con
ArcipelagoSCEC la solidarietà si avvicina - di Pierluigi Paoletti,
7 aprile 2008
Nasce
ufficialmente ARCIPELAGO SCEC e sorge l'idea di uno SCEC POINT -
5 aprile 2008
Nasce
ArcipelagoSCEC all'ombra del Vesuvio - CasertaNews, 4 Aprile 2008
Il 5 e 6 di aprile, a
partire dalle 11, la Federazione Territoriale Città del Monte, diretta
da Paola Acampa, ospita e promuove, nella splendida cornice del Fiume
di Pietra nel parco naturale del Vesuvio, la costituzione del
l'associazione ArcipelagoSCEC (la Solidarietà ChE Cammina), ovvero il
coordinamento nazionale dei Buoni Locali SCEC
International Journal of Community Currency
Research - Volume 11, 2007
MONETE
ALTERNATIVE E RIFORMA MONETARIA IN ITALIA - Marco Della Luna,
Aprile 2, 2008
Documentario sulla Banca WIR
(video, sottotitoli in italiano)
Fase di
stampa degli SCEC,
il sistema più economico per restituire il
potere d'acquisto al
popolo SOVRANO:
ALTRE
NEWS aprile 2008:
DOSSIER SUL CASO "FORD AFFAIRE"
La
Giustizia II: una fotografia per tabelle - di alberto bisin, 24
Aprile 2008
Financial
Analysts
Offer To Talk About Recession For $5 - The Onion, April 21, 2008
To
Defeat Famine: Kill the WTO (pdf) - by Marcia Merry Baker,
Executive Intelligence Review, April 25, 2008
Oil
jumps to near $120 a barrel - BBC News, 22 April 2008
JP
Morgan sees £37bn capital gap in Big Four UK banks - TIM SHARP, The
Herald Tribune, April 22 2008
Why
Gold Was 'Hacked' Friday- and How - By: Alex Wallenwein, Apr 19,
2008
Lo squalo
Carlyle divora ancora - Maurizio Blondet, Effedieffe, 22 aprile 2008
La battaglia degli squali
continua, anche se il livello dell’acqua nell’acquario si è parecchio
abbassato. Evidentemente, c’è ancora chi fa credito a queste
operazioni, anche se ha cessato di far credito ai proprietari di case
gravate da mutuo
Le
prossime vittime del crack: tre milioni di pensionati USA - Monica
Semprini, Effedieffe, 22 aprile 2008
Nasce
il nuovo ordine mondiale. Non quello voluto - Maurizio Blondet,
Effedieffe, 21 aprile 2008
Alcuni Paesi hanno
rigettato le ricette del liberismo e dei suoi custodi globali
(«privatizza, liberalizza, svaluta») per adottare politiche economiche
nazionali, «disapprovate» dal FMI: e stanno crescendo meglio dei
vicini, e anche più del Vietnam e della Cina. I Paesi liberati sono:
Argentina, Bolivia, Brazile, Cile, Salvador, Messico, Uruguay
04/22/08 - 8
Million Golden Reasons - by The Mogambo Guru
"A lot of people have a
lot of theories as to why gold is going down, when the theory and the
entire history of economic mankind say it should be going up, and most
of them are right, to one degree or another, as there are as many
reasons for acting as there are actors, and there are eight million
stories in the naked city."
04/21/08 - Disproportionate
Derivatives - by The Mogambo Guru
"The total value of the
existing global gargantuan globular glut of derivatives is estimated to
be more than $700 trillion! Compare this stupefying fact to the
associated fact that global GDP is only about a lousy $50 trillion!"
Turbulent
times announced for the Eurozone
- by Bruno Odent, L’Humanité, April 22nd, 2008
European trade-unionists
took to the streets of the EU’s current leader Slovenia’s capital, to
demand real salary rises after years of pitiful salaries, and to
condemn falling purchasing power and worsening vulnerability
British government
bonds May Be Hit by Bank Bailout - By Ambrose Evans-Pritchard - The
Telegraph, April 22, 2008
Goldman
Sachs has advised clients to
take out "short" positions on British 30-year Gilts before a rash of
new issues by the Government floods the bond market
Cara
politica come ti compro! (2) - Danielle Martinelli, 22 aprile 2008
GATA went to Washington - by:
Alex Stanczyk, 21 Apr, 2008
Desperate people start to ask
questions, and shortly thereafter that, assign blame. If our politicians want a long and
successful career ( or life ) they should be aware of this
Edwin Vieira Jr.:
Silver and gold guarantee freedom - Gata.org, 2008-04-21
System-Kollaps laut Grübel nur knapp
vermieden: Ex-Credit-Suisse-Chef zieht Vergleich mit Kuba-Krise
- NZZ Online, 21. April 2008
Cara
politica come ti compro! (1) - Danielle Martinelli, 21 aprile 2008
World
recession 'worst since 70s' - BBC, 21 April 2008
Singapore's cash has
bailed out cash-strapped Western banks recently
Bank
details £50bn lending boost - BBC, 21 April 2008
The Bank of England has
announced details of a plan to widen the credit crisis causing more
damage to the UK banking system and economy
Traders
bet on more falls to come for banks - Renée Schultes, Financial
News, 21 Apr 2008
Andrew Wilkinson, senior
market analyst at Interactive Brokers, said put buying on financials
intensified again in the early part of last week with news of
Wachovia’s first-quarter loss and $8bn capital raising. He said:
“People are beginning to understand how big the iceberg is, but there
is still an overwhelming sense of fear out there
RON
PAUL WANTS IRS DEAD - By Mark Anderson & Pat Shannan, AFP Issue
# 17, April 28, 2008
Candidate tells crowds at
Tax Day rally the money we
earn should be our own
Fool's
Gold - by Michael Fox, April 20, 2008
UN
chief calls for int'l action on rising food prices - AFP, April 20,
2008

Protesters march behind
police with a banderole reading, "Hunger justifies the means"
BOE
Foolishly Follows Fed Footsteps - Michael "Mish" Shedlock, April
20, 2008
Usury
and the Church of England - By the Rev. Henry Swabey, cesc
publication, april 2008
The Political Economy
of Moral Hazard - by Jörg Guido Hülsmann, mises.org, 4/19/2008
Economists agree on the
positive role that "good" incentives play to increase production. They
also agree that "perverse" incentives have an opposite impact. One of
these perverse incentives is called moral hazard, the subject of our present essay
GALLONI
SUL CALO DI
PRODUTTIVITA' DEL SISTEMA ITALIANO - AgenParl, 9 Aprile 2008
William Shepherd, Why
Banks?, DISCUSSION DRAFT - Spring 2004
Accoltellato
per un posto letto alla Caritas - di Stefano Vladovich, Il
Giornale, 20 aprile 2008
Caritas:
i numeri dei poveri a Rimini - RTV S. Marino, 19/04/2008
L’80% delle persone che
chiedono aiuto sono straniere, il restante 20% è italiano
Famiglie
che con la crisi economica non arrivano alla terza settimana. CARITAS:
NUOVI POVERI SONO GLI IMPIEGATI MINISTERIALI - AGI, 17 aprile 2008
Quello che oggi viene
chiamata la sindrome della quarta settimana - spiega Di Tora all'Agi -,
e che colpisce molte famiglie che, con i loro stipendi non arrivano
piu' alla fine del mese, si e' certamente spostata alla terza
Guido
Rossi:
"Tremonti non ha tutti i torti" - La Stampa, 20 aprile 2008
Come spiega Krugman non
siamo solo di fronte a una gravissima crisi finanziaria, ma anche di
una crisi che sta distruggendo a ritmo veloce le riserve di materie
prime in cerca di sostituti per il petrolio. Altro che distruzione
creativa! E dal punto di vista finanziario la crisi è peggiore di
quella del '29 non solo per le sue dimensioni, ma anche perché il
capitalismo si autodistrugge
IMF may have no gold at all but
Fed has gold secrets - gata.org, April 19, 2008
The Federal Reserve, in
response to GATA's freedom-of-information request for access to
documents involving gold swaps, has confirmed that it has such
documents, that some of those documents contain secrets about gold, and
that the Fed plans to keep these secrets...
Investors
applaud decision of Société Générale chief Daniel Bouton to step aside - By
Nicola Clark, IHT, April 18, 2008
There are no
markets anymore, just interventions - Remarks by Chris Powell,
Secretary/Treasurer at GATA, April 18, 2008
The Washington Agreement
on Gold, made by the European central banks in 1999, was another
admission -- no, a proclamation that central banks were working
together to control the gold price. The central banks in the Washington
Agreement claimed that, by restricting their gold sales and leasing,
they meant to prevent the gold price from falling too hard. But even if
you believed that explanation, it was still collusive intervention in
the gold market...
Hedge
fund managers get billion-dollar paydays - By Jenny Anderson,
Herald Tribune, April 16, 2008
Angle
mort 1, 2 et 3 - Denis Robert, 19.4.08
Ex-Refco
president Tone Grant convicted of securities fraud - Dow Jones
Newswires, 18 Apr 2008
The conviction comes
nearly two months after former Refco chief executive Phillip Bennett
and Robert Trosten, the company's ex-chief financial officer, pleaded
guilty to criminal charges in the matter. Bennett is expected to be
sentenced in May. Joseph Collins, a longtime lawyer for Refco, also is
facing criminal charges in the matter. Austrian bank Bawag PSK reached
a deal in June 2006 to settle US Justice Department and US Securities
and Exchange Commission charges that the bank helped Bennett and others
conceal Refco's true financial picture
How
Safe is My FDIC-Insured Bank Account? - By: Dr_Martenson, Apr 14,
2008
[panico] Juncker
a Berlusconi: «Non c'è necessità di ritornare sul mandato della Bce»
- Corriere della Sera, 17 aprile 2008
«Non c'è più alcuna
possibilità nè del resto necessità di ritornare sul mandato della Bce.
Il Trattato è il Trattato», ha aggiunto Juncker...
Oil
reaches $117 for first time - BBC News, 18 April 2008
Oil prices touched $117 a
barrel for the first time after a militant group in Nigeria said it had
attacked a Royal Dutch Shell-operated pipeline. The dollar has been
tumbling since last September when the first signs that the slumping
housing market threatened to wipe out profits at some of the world's
largest banks became apparent
CRISIS
IN EGYPT: The Daily Struggle for Food - By Ulrike Putz, Der
Spiegel, April 18, 2008
Rising global food prices
have plunged Egyptians into a desparate daily struggle for survival.
Many are unable to feed their families, and the hungry have taken to
the streets. Is more violent unrest to come?
Global
food crisis looms as Asia's rice bowl empties and world price soars
- By Raju Gopalakrishnan, The Scotsman, April 18, 2008
The unprecedented surge,
which some analysts said is going to continue, posed a growing threat
to regional governments worried about the prospect of hoarding and
social unrest
Food:
The silent tsunami - The Economist, Apr 17th 2008
Food prices are causing
misery and strife around the world. Radical solutions are needed
Merrill
and Citigroup wield axe as 3,500 City jobs set to be cut - By
Philip Aldrick and James Quinn, The Telegraph, 18/04/2008
The
REAL cost of inflation: The Mail's Cost of Living Index reveals food
prices rising at SIX times official figure - By SEAN POULTER, Daily
Mail, 18th April 2008Net yourself some extra income online
The Mail's index finds
that food costs alone are rising at 15.5 per cent a year - more than
six times the official rate. And there are double-digit increases in
other "must-pay" essentials such as petrol, gas and electricity. Many
families need to find more than £1,200 extra a year just to stand still
Esiste
davvero un Governo Ombra Mondiale ? - Svetlana Kuzina, Вернуться на
главную, 18 aprile 2008
Is
there a secret world government? - by Svetlana Kuzina, Вернуться на
главную, 02 aprile 2008
European
authorities losing patience with collapsing dollar - By Ambrose
Evans-Pritchard, The Telegraph, April 18, 2008
European industry has
managed to live with the high euro so far, but the damage of major
currency shifts can take years to surface. "The moment will come where
the exchange rate level will start to cause serious harm to the
European economy," said Mr Juncker
Panic
Time at the Fed - Steve H. Hanke, FORBES, 04.18.08
Public
opinion about the economy erodes rapidly
The percentage who hold a
negative view of the economy is up 33 points over the past year, and
the pNet yourself some extra income onlineercentage who rate the
economy "poor" has increased 13 points in the past two months. That is
the quickest 60-day decline since The Post and ABC started asking the
question, in 1985
Citigroup
to cut 9,000 jobs after posting loss - By Jonathan Stempel and Dan
Wilchins, Reuters, Apr 18, 2008
Citirgroup
Earnings, Downgrades and LIBOR - The Financial Ninja, April 18, 2008
04/18/08 - Inflation
of the Third Kind - by The Mogambo Guru
"My God! This is all
inflation news that is beyond terrible, but it seems so much less than
that after the 73% rate of crude goods! But the reality is that we're
freaking doomed, whether it seems like it or not!"
Chaos
Chronicled: THE WORLD FINANCIAL CRISIS - By : Alf Field,
24hGold, 04/17/08
- Money - its origins and
the various forms into which it has evolved;
- The Fractional Reserve
Banking system;
- The International
Monetary System;
- The development of
derivatives, especially the Over The Counter (OTC) derivatives market;
- How the various inputs
melded into the difficult crisis that the world is now facing.
04/17/08 - Heart
Attacks and Tax Codes - by The Mogambo Guru
"Already beset by demons
of my deteriorating mental and cardiac capacity, the idea that the
capital gains tax was already 5% and I hadn't even noticed had me in a
panic! What else wasn't I aware of? I shuddered to think!"
MESSAGE
IN A BOTTLE - By Amanda Martinez, Good Times Magazine, March 19,
2008
Trash twice the size of
the continental United States is collecting in the North Pacific, but
here's the kicker: most of it is made to last forever
Net
yourself some extra income online - The Telegraph, April 17, 2008
Bankers Cast Doubt
on Key Interest Rate Amid Crisis - By Carrick Mollenkamp, The Wall
Street Journal, April 16, 2008
To hide desperation for
cash, banks may be falsifying interest rate reports
McCain’s Rightwing Economics -
By Matthew Rothschild, The Progresive, April 16, 2008
These tax breaks would go
disproportionately to the very rich. “Half goes to people making over
$200,000 a year—that’s the top 4 percent,” Aron-Dine says. “A little
more than a quarter goes to the top 1 percent.”
Credito Valtellinese breaks the
'step-up' taboo - Financial Times, 17 aprile 2008
Worldwide Hunger Catastrophe!
Produce Food, Not Biofuels! - by Helga Zepp-LaRouche, Executive
Intelligence Review, April 18, 2008
What's happening now was
totally foreseeable: There is an explosion of disastrous hunger and food riots
in 33 (!) nations in Africa, Asia, and Ibero-America. Without
doubt, the world is standing at the brink of a hunger-tsunami, which is
the direct result of the attempt by the central banks to postpone the
collapse of the hopelessly bankrupt world financial system
[OGM] Les
multinationales de l’agrogénétique industrielle se font la malle… -
Posté par Aurel le 16/4/2008
Présentes dans les
listings 2001 de Clearstream,
révélés par le travail de Denis Robert, Cargill première entreprise
exportatrice au monde de denrées transgéniques, en partenariat avec
Monsanto, et inondant les ports français de soja et de colza
transgéniques, ainsi que Unilever multinationale de l’agroalimentaire,
ont ainsi utilisé (et continuent d’utiliser ?) les réseaux financiers
de la chambre de compensation Clearstream
Bergamo:
Coperti quintuplicati
negli ultimi 5 anni alla mensa per poveri dei
frati Cappuccini (pdf) - DNEWS, pag.11, 17 aprile 2008
Secondo la Caritas, sono
13.000 le famiglie povere nella bergamasca
FALLISCONO
LE BANCHE - 16.04.08
Dal settembre 2007 a metà
marzo 2008, l’indice di insolvenza è raddoppiato, le azioni delle
banche hanno perso mediamente un 50%, i fondi di investimento sovrani
il 30%, l’indice di volatilità azionaria Vix è ai livelli del 1938 – la
vigilia della II Guerra Mondiale. Ma nessun parlamento e nessun governo
discute pubblicamente questa emergenza.
04/16/08 - The
Monetarist School of Economic Assassins - by The Mogambo Guru
"On a stand-still basis
for foreign exporters, we would have to pay prices that are 20% higher
for our imports, just for them to break even when converting dollars
back into their native currencies! Hahaha! We pay more for things!
Welcome to the hell of a falling currency!"
Financial Meltdown: U.S. Treasury
Regulatory Reform Proposals: Hapless, Helpless, Hopeless - by
Richard C. Cook, Global Research, March 31, 2008
Genova,
tre donne decidono di donare un organo in cambio di un aiuto per
sopravvivere - Il Messaggero, 16 aprile 2008
Salute:
Dental trips, il dentista è low cost oltre confine! - La Stampa,
9/4/2008
Pena di morte per disordini: Chiediamo il
referendum sul Trattato Europeo di Lisbona -
Larouchepub.com, 16 aprile 2008
Asse Parigi-Roma contro l’euro forte
- Maurizio Blondet, Effedieffe, 16 aprile 2008
Ma Jurgen Stark ràntola:
«Raccomando ai leader politici europei, i neo-eletti e i rieletti, di
leggere le leggi europee sulla Banca Centrale». (...) In questo vuoto
d’alternative, i banchieri - ossia i responsabili del disastro -
vengono invocati (in Europa da Gordon Brown) perchè trovino le
soluzioni al disastro, mentre dovrebbero essere fucilati sulla pubblica
piazza. (...) E a proposito di banche: il Telegraph avvisa che il Credito Valtellinese (performance:
- 27,61% in un anno) «è diventata giusto ora la prima banca europea
a memoria d’uomo a saltare la redenzione di una sua obbligazione
redimibile, sollevando allarme su possibili più gravi problemi nel
sistena finanziario italiano».
U.S.
housing collapse spreads overseas - IHT.com, 16 aprile 2008
Chinese
GDP grows at 10.6% in first quarter - The New York Times, 16 Apr
2008
JP
Morgan predicts credit pressure to last a decade - Renée Schultes,
Financial News, 16 Apr 2008
Citigroup
Wins Dismissal Of Many Parmalat
Claims - REUTERS, April 15, 2008
Activists
win victory at Washington Mutual - Shanny Basar, Financial News, 16
Apr 2008
A board director at
Washington Mutual, the US regional bank, has resigned following a
campaign led by CtW Investment Group, an umbrella body that represents
union pension funds, against banks that have written down billions of
dollar related to the credit crisis
Inflation
uptick highlights ECB policy dilemma - By William L. Watts,
MarketWatch, April 16, 2008
- April 15th 2008 Global Strike: join with the millions of Americans who now
know about the IRS fraud
- unMoney Convergence Conference
- Seattle, WA, April 14th-16th, 2008
British
Destabilize Africa: Food Riots Spread
as Hunger Deepens - EIRNS, April 9, 2008
The London Guardian
newspaper listed the worst food unrest, most recently, as threatening
the stability of Egypt, Haiti, and Ivory Coast, but also the riots in
Cameroon in February; in Mauritania, Mozambique, and Senegal; and
protests in Uzbekistan, Yemen, Bolivia, and Indonesia. UN staff in
Jordan also went on strike for a day this week to demand a pay raise in
the face of a 50% hike in food prices
Bear Stearns Buy-Out... 100% Fraud:
Bank robbed by insiders, loss covered by taxpayers - by John
Olagues, 16 April 2008
Liars,
Wall Street & Your Gold - Jim Willie CB, 321gold, Apr 16, 2008
Zimbabwe
inflation hits 165,000% -
BBC News, 16 April 2008
Fresh
jump in eurozone inflation: Goods are getting more expensive across
Europe - BBC News, 16 April 2008
Surging food and fuel
prices pushed up annual inflation in the eurozone to a record 3.6% last
month, official figures
have shown
Government
plans to help UK banks - BBC News, 16 April 2008
Vince Cable, deputy
leader of the Liberal Democrats: "I am very concerned that in addition
to all the costs associated with Northern Rock, the government is going
down the disastrous road of bailing out the banks and leaving the
taxpayer with the liabilities."
Steep
rise in Chinese food prices - BBC News, 16 April 2008
COPS
AND FORMER SECRET SERVICE AGENTS RAN BLACK OPS ON GREEN GROUPS - By
James Ridgeway, MotherJones.com, April 2, 2008
A private security firm
has been spying on Greenpeace and other environmental groups for
corporate clients
Remarks
by Under Secretary David H. McCormick
to the CFA Society of Chicago: The International Response to Financial
Market Turmoil - US Treasury, April 16, 2008
Assistant
Secretary David G. Nason
Testimony before the House Committee on Financial Service Subcommittee
on Capital Markets, Insurance and Government Sponsored Enterprises
- US Treasury, April 16, 2008
Testimony
of U.S. Treasurer Anna Escobedo Cabral
before the House Committee on Financial Services - US Treasury,
April 15, 2008
Credit
Default Swaps: Derivative Disaster Du Jour - by Ellen Brown, OEN,
April 10, 2008
Prices soaring as biggest grain
exporters halt foreign sales - By Javier Blas, Isabel Gorst, and
Lindsay Whipp, Financial Times, April 16, 2008
PRODI
LASCIA PD E POLITICA - Di Giulio d'Andrea, julianews, 16/04/2008

[naked short on silver] Super
Concentration - By: Theodore Butler, 15 April, 2008
There is only one fail-safe method to insure real metal
exists - the serial numbers. We are fortunate that all 1000 oz silver
bars have a unique serial number and hallmark and specific weight. Use
your common sense and get those serial numbers on every bar stored for
you. No exceptions, or excuses or alternative explanations of any kind
for any type of storage program. To not insist those unique
characteristics be provided to you is simple personal negligence on
your part. If you can’t get the serial numbers, I assure you that the
silver does not exist...
IN
JUSTICE SHIFT, CORPORATE DEALS REPLACE TRIALS - By Eric Lichtblau,
New York Times, Apr. 9, 2008
In 2005, federal
authorities concluded that a Monsanto consultant had visited the home
of an Indonesian official and, with the approval of a senior company
executive, handed over an envelope stuffed with hundred-dollar bills.
The money was meant as a bribe to win looser environmental regulations
for Monsanto's cotton crops, according to a court document. Monsanto
was also caught concealing the bribe with fake invoices...
Reforging
Adam Smith: Currencies Beyond the Gates of Self-Interest - John
Bloom, April 03, 2008
04/15/08
- Melting
a Grammy for the Gold - by The Mogambo Guru
"I hope you have a good
grip on your hat because it is going to fly up off of your freaking
head when I tell you that right now the S&P500 is sporting a P/E of
21, and the freaking Dow is so overly-valued that it is selling at a
P/E of 53!"
THE CASE
FOR NEUTRON EMISSION FROM DEPLETED URANIUM - by Elaine Hunter, Apr
15, 2008
The Madness of Ben Bernanke - By
Gabor Steingart, Der Spiegel, April 14, 2008

Venezuela
sends 364 tons of food to Haiti - www.chinaview.cn, 2008-04-14
Londra
consiglia: ricette di guerra - Maurizio Blondet, Effedieffe, 15
aprile 2008
04/14/08
- Cursing
the Loss of Purchasing Power - by The Mogambo Guru
"This amazing phenomenon
proves either that the government's Plunge Protection Team exists and
is massively operating to intervene in the markets, or that people are
truly idiots. Or maybe delightful little fairies guard our dreams and
protect us in life!"
Carla
Del Ponte dénonce un trafic d'organes qui implique l’actuel Premier
ministre albanais - L'investigateur, 14/04/2008
Analysts
predict credit crunch fallout will hit Europe hirings - David Bain,
Financial News, 14 Apr 2008
Wealth managers say they
are hiring at record levels but headhunters and analysts believe there
are indicators that show the boom may be drawing to a close as the
credit crunch begins to affect wealth creation
Is
An International Financial Conspiracy Driving World Events? - By
Richard C. Cook, rense.com, 4-11-8
Average family income in the U.S. has steadily eroded while the share
of the nation's wealth held by the richest income brackets has soared.
Some Wall Street hedge fund managers are making $1 billion a year while
the number of homeless, including war veterans, pushes a million

Avatars,
Virtual Reality Technology, and the U.S. Military: Emerging Policy
Issues - Clay Wilson, CRS Report for Congress, April 9, 2008
(clearing & Accounting) An open
money Tutorial for the unMoney Convergence - Eric Harris-Braun, Apr
13 2008
PM and
bank bosses discuss crisis - BBC NEWS, 15 April 2008
Brown
says economy is sole focus - BBC NEWS, 14 April 2008
G-7 may have to do
more than talk
to stop dollar's slide - By Simon Kennedy, Bloomberg News Service,
April 14,2008
Defaulting
Californians leave Wachovia with $8bn headache - Miranda McLachlan,
Times Online, April 14, 2008
The Tibet
Human Rights PsyOp - By Michel Chossudovsky, 4-14-8
E’
la finanza
che ci vuole alla fame - Maurizio Blondet, Effedieffe, 14 aprile
2008
Save
the US Economy and Rekindle Democracy by Giving the Workers a Raise
- By: Mike Whitney, Economics/Credit Crisis, Apr 13, 2008

CARTELLE
ESATTORIALI PAZZE: UNA ESTORSIONE SISTEMATICA DELLO STATO IN DANNO DEI
CITTADINI? - Di Solange Manfredi, 13 aprile 2008
Brother
Can You Spare 10 Grand? - Peter Schiff, 321gold, Apr 14, 2008
The
British Empire's Economic Suicide Club - by John Hoefle,
Executive Intelligence Review, April 11, 2008
Voto:
aborto, famiglia, precariato, il sociale nei programmi - Reuters,
12 Apr 2008
Credit
crunch hits home - Jill Insley, The Observer, April 13 2008
BUON
APPETITO! - di Michele Buono, Piero Riccardi, Report RaiTre, In
onda domenica 13 aprile alle 21.30
[siamo migrati su Linux Ubuntu 8.04,
scusate il disagio]
G-7
FINANCE MINISTERS AND CENTRAL BANK GOVERNORS FINALLY ACKNOWLEDGE THAT
THE GLOBAL FINANCIAL CRISIS IS ASSOCIATED WITH FRAUD AT THE BIG BANKS
- Christopher Story, Worldreports, 12 April 2008
04/11/08 - Government
Spending Burns the Toast - by The Mogambo Guru
"This same bankrupt
America is getting ready to send out $160 billion in 'economic
stimulus' checks, where the government is literally giving people free
money even though the government is borrowing like crazy just to keep
afloat, which means that we that are truly, truly toast."
04/10/08 - Not-So-Quiet
Food Riots - by The Mogambo Guru
"And worse yet for us
alcohol-besotted worthless lushes out here, heroically keeping
bartenders and comely barmaids gainfully employed year around, the
price of hops, an integral ingredient in beer making, has soared from
$4 a pound to $40."
POLITICHE
2008: ED ADESSO POVERI ELETTORI? - Viaroma100.net, 12 Aprile 2008
[se
la menano e se la cantano] Bnl,
Bankitalia assolve le operazioni sui derivati - di Laura Serafini,
Il SOle24Ore, 11 Aprile 2008
Crisi
finanziaria: Lo Stato al capezzale delle banche - Alfonso Tuor,
Corriere del Ticino, 08/04/2008
"Je suis un criminel" ( page
1 ) ( page
2 ) - Denis Robert, XXI, april/mai/juin 2008
Soros
Says Credit Crisis Will Worsen Before Improving - By Patricia Kuo
and Bei Hu, Bloomberg, April 10, 2008
Food riots could spread, UN chief
warns - By Gary Cleland, The Telegraph, 09/04/2008
Government
is the Largest Employer: The Fading American Economy - By PAUL
CRAIG ROBERTS, Counterpunch, Apri1 9, 2008
Winston
Smith and the Bailouts in Oceania: Lessons from the Great Depression
Part VII - 10th, 2008
Now financial magnates
who still cried out for “less government in business” and inveighed
against “the dole” could go, hat in hand, to Washington and get the
government to put itself into business by giving a dole of credit to
their banks or railroads. The apostle of rugged individualism had taken
the longest step in American history toward state socialism - though it
was state socialism of a very special sort.”
-
AMI, FREE MONETARY SEMINAR:
Why is Our Money System Broken Again?
- Place: Busboys and Poets Restaurant (Langston Room) 2021 14th St. NW,
Washington DC
20009, April 10th, 2008, 6PM
to 8 PM
Recessione:
il delitto dei banchieri
centrali - Maurizio Blondet, Effedieffe, 09 aprile 2008
Quanti ministri risiedono
in consigli d’amministrazione per grazia ricevuta e favori fatti? O
quante mazzette estero-su-estero finiscono nelle tasse di coloro che
chiamiamo «governanti» quando vanno a Mosca a firmare un contrarro
Eni-Gazprom, o - nel caso di semplici assessori regionali - come
compenso per aver dato l’appalto delle lavanderie ospedaliere ad una
certa azienda? Su quei redditi, il modulo 740 non può nulla. La Casta
è, per definizione, esente
SWISS CONNECTION (introduzione)
- di Gian Trepp, traduzione
di Maritsì Levi Dal Monte MeHar,
9 aprile 2008
La lotta contro il
riciclaggio di denaro è
considerata in tutto il mondo un compito primario. Altrettanto grande è
l'interesse generale alla pubblicazione di informazioni e analisi sui
percorsi del denaro sporco. Far luce è il motto di questo libro. Non si
vuol tanto portare l'attenzione su singoli casi, avvenimenti, scandali
quanto render visibili quelle strutture e intrecci finanziari in cui il
flusso del denaro sporco si mescola con quello legale. Fare i nomi di società e persone
diventa perciò inevitabile. (NB: il libro è inedito in Italia...)
04/09/08 - Perched
on an Economic Fault Line - by The Mogambo Guru
"If Saudi Arabia and the
other Gulf states end up cutting their ties to the dollar, secure in
the knowledge their petro-economies would emerge stronger from the
upheaval, the process might well have begun in the summer of last year
- when Dick Cheney tried to line up Arab support for an attack on Iran."
04/08/08 - Trillions
Embarrass a Billion-Dollar Bulwark - by The Mogambo Guru
"Half of the Fed's stash
of government debt has been used up already! Yikes! And how big is the
entire rest of the Fed's stash of government securities? A piddly $629
billion! Hahaha!"
Oh
Keynesian, Where Art Thou? -
by Mateusz Machaj, Mises.org, Daily Article Posted on 4/8/2008
Abolish the Fed and move
toward a free-market monetary system
The
EU Empire - by Brian Denny, Spectrezine, April 8, 2008
The people of Ireland
have a chance to decide their country's future when the Lisbon Treaty
comes up for a referendum. But Brian Denny warns that the EU is
preparing to ignore them
- SPECULANDO S'IMPARA - di Stefania
Rimini, Report RAITRE in onda
martedì 8 aprile 2008 alle 21.00
Mafia dei colletti bianchi: lettera
aperta di due
imprenditori lombardi + documenti
- 8 aprile 2008
Considerazioni
sul fenomeno economico-monetario del SIGNORAGGIO
da parte del presidente e fondatore del Partito Comunista del
Lavoratori (PCL) Marco Ferrando (video) - Spezzone di una
trasmissione andata in onda il 10/10/2006 su Canale Italia
2015,
pioggia di miliardi:
chi guadagnerà con l'Expo - Luca Pagni, La Repubblica, 08 aprile
2008
04/07/08 - The
Government Genie Flips a Coin - by The Mogambo Guru
"If you think that a
negative lease rate for gold is weird… You are a winner! You have won
the chance to choose between the two Mogambo Doors Of Mystery (MDOM)
and claim the fabulous prize that is waiting there for you!"
Railcars idle as economy falters - By
SUSAN GALLAGHER, Associated Press, 04/04/08
Analysts say
transportation usually is among the first sectors to show signs of a
downturn in the economy and with Americans feeling pinched — employers
eliminated 63,000 jobs last month amid declining consumer confidence —
it could be a while before the idle cars move
Iranian
President Urges OPEC to Form Joint Bank, Stop Pricing Oil Trades in US
Dollars - AP, April 6, 2008
King
of the Financial Thieves - Bob Chapman, April 2 2008
ITV - Metro - Par François Bourboulon,
la domination du monde, 8.4.08
The Never
Ending Saga Of The Banking Cartel (2) - Marco Saba, OFT, Gata,
April 8, 2008
Renzo Rabellino del Movimento No
Euro: incentivi per l’ambiente, federalismo fiscale e aumento delle
pensioni - di Enza Beltrone, Agorà, 8 aprile 2008
Even Kitco market analyst Jon Nadler
starts to suspect market manipulation - Gata.org, 2008-04-08
[FITD] ASPETTANDO
IL BANCO DELLE GIOVANI MARMOTTE - di Eugenio Benetazzo, 7 aprile
2008
CHANGE
WE MUST - By Peter Montague, Rachel's Democracy & Health News
#953, April 3, 2008
Two people have sued in
federal district court in Honolulu, trying to stop a group of
scientists in Europe from conducting a particle physics experiment
that, they say, might create a black hole that could destroy the
Earth and perhaps the entire universe

Good thing there's no inflation -- just
maybe starvation - By Marianne Stigset and Tony Dreibus,
Bloomberg News Service, April 7, 2008
Is gold going east to keep oil
principalities in line? - Gata.org, April 7, 2008
ROMA: GLI IMPUTATI DENUNCIANO IL TESTE
DELL'ACCUSA - Marco Saba, 7 Aprile 2008
Interazioni
future - di Anna Teresa Damiano, Nea Polis 07/04/08
[banking] THE QUESTIONS NOT ASKED THAT HAVE RUINED A
NATION - By Greg Evensen, NewsWithViews.com, April 6, 2008
A Global House of Cards: Interview
with Josh Rosner - The Institutional Risk Analyst, April 7, 2008
Bernanke seems completely
co-opted by Paulson and the Goldman Sachs mafia that runs the Treasury
Egypt's Workers Battle Police Amid
Rising Economic Discontent - PAUL SCHEMM, AP News, Apr 06, 2008
Protesters stormed city
hall, burned tires in the streets, smashed chairs through shop windows
and ran off with computers. At least two schools were set ablaze and
facades of banks were vandalized, police said
US jobless figures: The specter of a
new depression - by David Walsh, Global Research, April 6, 2008
US
financial system faced collapse, bank regulators tell Senate hearing on
Bear Stearns bailout - by Barry Grey, Global Research, April 6, 2008
Got Gold
Report - Gold, Silver ‘Bubbles’ Pricked? Rubbish - By Gene
Arensberg, 06 Apr 2008
Ministri
sviluppo G8 chiedono intervento su prezzi alimenti - Reuters, 6 Apr
2008
Short silver - Gata.org,
2008-04-04
David Morgan, proprietor
of Silver-Investor.com and editor of The Morgan Report, reports that
his survey of silver dealers found that for most of them February was
the best sales month in a long time. Morgan adds that one of these days
a big silver buyer is going to call the bluff of the silver shorts on
the Comex and stand for delivery, sending the market into a new
dimension
Soros calls financial crisis worst
since Great Depression, sees more market declines - by Joseph
Lazzaro, BloggingStocks, Apr 3rd 2008
Voici
l’intégrale, en trois parties, de l’émission “Sous les pavés, Denis Robert” -
La TéléLibre.fr, 5 avril 2008
Bear
Stearns had one-day liquidity loss of
more than $10bn - Shanny Basar, Financial News, 03 Apr 2008
Denis Robert: "Une seule envie,
retourner à l'écriture" - Par Hubert Artus, Rue89, 05/04/2008
Fanno
meglio di noi: copiamoli - Maurizio Blondet, Effedieffe, 05 aprile
2008
Valuation Without Calculation - by
Ludwig von Mises, Daily Article Posted on 4/5/2008
04/04/08 - A
Crude Source of Welfare - by The Mogambo Guru
"In short, apparently these countries need the price of oil to stay
high to pay for their welfare expenses…which means that they will
necessarily be raising oil prices again pretty soon…"
04/03/08 - Another
Bar of Golden Idiots - by The Mogambo Guru
"Well, then, you're an idiot, Frank! A big, stupid moron! In fact, all
you stupid people in this bar are stupid, because you all think that
you are not going to be destroyed by the fires of an inflationary hell…"
The Never Ending Saga Of The Banking Cartel
(1) - Marco Saba, OFT, GATA, April 4, 2008
Dear GATA: Can you help
me to answer the UK OFT anti-cartel police about gold fixing and
banking cartel in UK?
Ora è globale anche la fame - di
Maurizio Blondet, 03/04/2008
The Kidnapping and Killing of Aldo Moro
- Leo Lyon Zagami, 4th of April 2008

Giovanni Galloni and Maria Fida Moro
Marco Saba and Cristiano Lovatelli Ravarino
Veltroni: "Buoni spesa per le famiglie"
- estense.com, 2/4/2008
[TELECOMio] Un "top manager" della Telecom cerca di
motivare i dipendenti incitandoli a vincere "come fece Napoleone nella
battaglia di Waterloo" (video) - 3 aprile 2008
Gianfranco CARMINUCCI, TEORIA
GENERALE DEI SISTEMI ECONOMICI, Autorinediti, 2007
[signoraggio] Che fare e perchè dobbiamo farlo
- Giulietto Chiesa, 3-4-08
"Io voglio però sapere
questo: che senso ha la politica oggi, se essa non può appropriarsi
della sovranità monetaria? Ponendo il caso che la sinistra arcobaleno
riesca ad avere la maggioranza (caso scolastico), cosa potrebbe mai
fare, quali interventi potrebbe mai fare, essa o qualunque altra forza
politica anche se teoricamente progressista, se non ha in mano le
redini di una banca centrale?"
- Signoraggio:
Zeitgeist con sottotitoli in italiano (video) a Rebus - Odeon
TV, Venerdì 28 marzo 2008 e venerdì 4 aprile alle ore 21:30 (video della versione originale)
Rebus dedica ancora una
puntata a "Zeitgeist" di Peter Joseph, trasmettendo i capitoli relativi
all'11 settembre 2001 e al signoraggio. Il documentario è in lingua
inglese con i sottotitoli in italiano curati da Luogocomune.net di
Massimo Mazzucco
PRECARI,
SISTEMA BANCARIO, SIGNORAGGIO,
FEDERALISMO (video) - ANTONIO DI PIETRO, Asti, 29 marzo 2008
EU
advisers back dilution of fair value
accounting norms - Financial Times, 03 Apr 2008
INTERVENTO DELL'ECONOMISTA GALLONI
[banche e bilanci] - AgenParl, 2 Aprile 2008
Nicola Bombacci, il socialista
intransigente - Davide D'Amario, Rinascita, 3 Aprile 2008

Nicola Bombacci: Passione e
rivoluzione - Beppe Niccolai, 14 maggio 1988
U.S.
Senators Agree on Foreclosure-Prevention
Bill - By Alison Vekshin, Bloomberg, April 2, 2008
Congressman
Ron Paul Statement
before the Joint Economic Committee Hearing on “The Economic Outlook”
- April 2, 2008
Giving more power to the Fed is no reform
- Gata.org, April 2, 2008
La
stella a sei punte del capitalismo - Lorenzo Chialastri, Rinascita,
2 Aprile 2008
Fed Uncertainty Principle -
Michael "Mish" Shedlock, April 03, 2008
Another
two banks join mortgage
market exodus - Rupert Jones The Guardian, April 3 2008
NY FED President Geithner Says
Markets Still `Impaired,' Urges Action - By Craig Torres,
Bloomberg, April 3, 2008

BIG
CLUB WALL STREET AS A REMAKE OF THE
PLANET OF THE APES - By: economica, 3 April 2008
THERE
IS A WAY THAT THE GOV. COULD BE
INSTANTLY DEBT FREE - US TOO! - By: RMNMailbag, 3 April 2008
DIRGE
FOR THE AMERICAN STOCK MARKET - By: Rayelan, 3 April 2008
MANY
AMERICANS ARE NOW LOCKED INTO AN INVISIBLE MATRIX OR 'HOLDING PATTERN'
- By: Ladyhawke, 3 April 2008
Will
your tax dollars go to mortgage cheats? - Ernest Istook,
WorldNetDaily, April 03, 2008
Banking industry to lose 200,000 jobs
- CNNMoney.com, April 1, 2008
Financial research firm
says cuts will appear over 12 to 18 months as subprime crisis hits
other areas of the banking industry
Time
To Reject the Big Lie - by John Hoefle, Executive Intelligence
Review, April 4, 2008
The British are pushing
the U.S. to bail out its financial institutions, protecting the
parasite at the expense of the host. The result will not be stability,
but hyperinflation, with the value of the dollar completely collapsing
and taking the rest of the world economy with it
Who's
Controlling Congress; When Will We Oust the Traitors? - by Nancy
Spannaus, Executive Intelligence Review, April 4, 2008
The Congressional
Research Service's memorandum purporting to analyze Lyndon LaRouche's
Homeowners and Bank Protection Act, reveals that those advising
Congress on this matter are ignorant, or lying, about the fundamental
realities of the economy, the nation's history, and the Constitutional
principles upon which the United States and its laws are based
The
British Empire Is Up To Its Old Evil Tricks - by Helga
Zepp-LaRouche, Executive Intelligence Review, April 4, 2008
Confidential
Doc Warns Of Conflict Or Revolution
For US - Wayne Madsen Report, 4-3-8
Market Tumbles on News That Bush Is Still
President - The Borowitz Report, April 3, 2008
“Over the last few weeks,
the markets have absorbed the news of the subprime crisis, the housing
meltdown, and the Bear Stearns failure,” said Logan Teasdale of
Citigroup. “But the news that President Bush is still president was too
much for the markets to shrug off.”
JOBS:
PROGRAM DIRECTOR –
TRANSPARENCY AND INTEGRITY FUND, OPEN SOCIETY INSTITUTE –
U.S. PROGRAMS Apply before before April 15, 2008
Une
apparente incohérence - par Denis Robert, AgoraVox, 1er avril 2008
"The North Korean Economy: Leverage and
Policy Analysis," CRS Report, updated March 4, 2008
Economia e commercio a Bari,
compravendita di esami all'università: in manette anche due docenti
- Adnkronos/Ign, 3 apr. 2008
La tassa sui più poveri - Alfredo
Recanatesi, L'Unità, 03 aprile 2008
[black hole] ECB pumps extra €35bn into banking
system - The Wall Street Journal, 02 Apr 2008
Call of
La Via Campesina for April 17th,
International Day of Peasant Struggle -
Spectrezine, April 2nd, 2008
Summit
conclusions illustrate widening gap
between EU policies and real people’s lives - Spectrezine,
April 2nd, 2008
Retired US general joins the ranks of a
private equity firm - Cardiff de Alejo Garcia, Financial
News, 02 Apr 2008
Private equity firm
Behrman Capital has hired retired general Peter Pace as an operating
partner after his term as chairman of the US joint chiefs of staff
ended last year, according to a statement
The True
Face Of The Dalai Lama -
by Kalovski, rense.com, 4-2-8
04/02/08
- Insane
Economic News of the Day - by The Mogambo Guru
"And as more Insane
Economic News Of The Day (IENOTD), the Fed's personal stash of U.S.
government debt is down another gigantic $48 billion last week! $48
billion! In one week! One freaking week!"
IN
RESPONSE TO SHELBY COUNTY WOMEN &
ASSOCIATES' REQUEST FOR INVESTIGATION INTO $29 BILLION HUD ALLOCATION
- By John Eddie 'J. J.' Jones, April 1, 2008
04/01/08 - Financial
Humor isn't Funny - by The Mogambo Guru
"Mr. Dunkelberg is more
direct, and says that people who depend on their little bits of
interest that they make on their saved money (like the elderly) 'are
being screwed by the Fed'"
ALDO MORO: MARIA FIDA MORO,
“RICORDARLO COM’ERA” È “UN DOVERE DI COSCIENZA” - SIR, 01 Aprile
2008
Petizioni
Shut Down The
Federal Reserve System (sign the petition)
Costituzione
italiana - Art. 1 [in lettere, per le banche: "articolouno"]
La sovranità appartiene al popolo.
Petition: Transatlantic
Seigniorage Dialogue - Petizione: per un
dialogo Transatlantico sul Signoraggio
Appuntamenti
- AMI 2008 Monetary
Reform Conference at Roosevelt University in Chicago, Sept. 25-28, 2008
- 314° anniversario del signoraggio il 27 -
7
- 2008 (anno sabbatico) - 314th seigniorage
anniversary (anno
Templare 890)
- Third
International Conference on Islamic Banking and Finance: Risk
Management, Regulation and Supervision, April 2008, Karachi Pakistan- CALL FOR
PAPERS
ARCHIVIO
NEWS
2008
MARZO 2008
FEBBRAIO 2008
GENNAIO 16-31 2008
GENNAIO 1-15 2008
2007
DICEMBRE 2007
NOVEMBRE 2007
OTTOBRE 16-31 2007
OTTOBRE 1-15 2007
STTEMBRE 16-30 2007
SETTEMBRE 1-15 2007
AGOSTO 2007
LUGLIO 2007
GIUGNO 2007
MAGGIO 2007
APRILE
2007
MARZO
2007
FEBBRAIO
2007
GENNAIO
2007
2006
DICEMBRE
2006
NOVEMBRE
2006
OTTOBRE
2006
SETTEMBRE
2006
AGOSTO
2006
LUGLIO
2006
GIUGNO
2006
APRILE-MAGGIO
2006
FEBBRAIO
- MARZO 2006
DICEMBRE
2005 - GENNAIO 2006
2005
OTTOBRE-NOVEMBRE
2005
AGOSTO-SETTEMBRE
2005
APRILE-LUGLIO
2005
11 settembre,
Torre 1 (Torre Nord): perché non è indicato il numero del piano degli
uffici della CEDEL BANK poi diventata CLEARSTREAM BANK ?

La posizione della Mobil Oil
Corporation in merito alla supervisione sulla Federal Reserve:

"E
si osserva anche ciò che meglio di ogni altra cosa può dare la misura
della situazione attuale: il dilagare del "metodo mafioso" a tutta la
società, la penetrazione progressiva del modello del ricatto, della
minaccia, dell'avvertimento. La scomparsa progressiva della
"giustificazione", che lascia il posto alla pura forza. Al fondo di
ogni trauma,
di ogni episodio di terrorismo organizzato, di ogni manovra di potere o
di corruzione politica, scavando, si trova uno sportello bancario."
- Lombard, "Soldi
Truccati", ed. Feltrinelli, 1980, pag. 11
U.S. Congressional Record
- House, September 29, 1941:
THE NATIONAL DEBT
SPEAKER. Under previous order of the
House, the gentleman from Texas [Mr. Patman] is recognized for 15
minutes.
WILL COST GOVERNMENT
$100,000,000,000 TO PAY DEBT OF $50,000,000,000
Mr.PATMAN. Mr. Speaker, our
Government debt at this time is approximately $50,000,000,000. By the
time that is paid it will aggregate $100,000,000,000. When we talk
about a debt of a certain size we should double the amount if we want
to keep in mind what will actually have to be paid before the debt is
liquidates. This amount of 100 percent is due to the interest charges.
I am not opposed to individuals and corporations paying interest. They
should pay interest for the use of money that they hire from other
people, but when our Federal Government, that has the eexclusive power
to create money, creates that money and then goes into the open market
and borrows it and pay interest for the use of its own money, it occurs
to me that that is going too far. I have never yet had anyone who
could, though the use of logic and reason, justify the Federal
government borrowing the use of its own money. For the first 125 years
of our country's existence the national debt was small. It was only
about $3,000,000 a year - very small. The interest charges amounted to
a very insignificant sum, excepting during the War between the States,
when the national debt ran up to twenty-five or thirty million dollars.
But that was only for 2 or 3 years, and it was small in comparison.
However, since the World War in 1917-18, our natinal debt has been
large, and today we are paying at the rate of $1,300,000,000 a year
interest on our Government obligations.
GOVERNMENT SHOULD NOT ISSUE
INTEREST-BEARING BONDS
It is true that if we
contract a debt we should pay it. If the Government sells bonds, the
Government should pay those bonds. If the Government promise to pay
interest at a certain rate on those bonds, the Government should carry
out its obligations. It is not only wrong: it is extravagant. It is not
only extravagant, it is wasteful. It is absolutely unnecessary. Two
days ago Mr. Morgenthau, Secretary of the Treasury, was on the witness
stand before the Committee on Banking and Currency on the price control
bill. I asked him questions about this. It is in the hearings,
commencing at page 1005. Mr. Morgenthau admitted in this testimony that
if the Government were to issue $1,000,000 in bonds and sell those
bonds which are non-interest-bearing and delivered those bonds to the
12 Federal reserve banks and received credit for them, that he, as
Secretary of the Treasury, could then issue the same kind of checks
against that money, and the people receiving the checks would receive
the same kind of money as if he had issued a million dollars in bonds
and sold them to the commercial banks of the country and agreed to pay
the commercial banks a certain rate of interest. It would not increase
the money supply one penny. Anyone who argues that it is inflationary
does not know what he is talking about. It is not inflationary. It is
not nearly as inflationary as our present system of selling bonds and
paying interest as much as you pay principal.
I have in my possession a
letter from the Secretary of the Treasury, Mr. Morgenthau, in reply to
a letter I had written to him, I asked him how much the Government
would pay in interest charges on the $758,900,000 4 1/4-percent
treasury bonds that are payable in 1947 to 1952. His reply was that the
amount would be about $967,700.000. Now, mind you, that is where we
issued those bonds during the World War, amounting to $758,000,000, and
we are paying in interest on those bonds, in addition to the principal,
$967,700,000.
Now, take the Panama
Canal bonds. They amounted to a little less than $50,000,000 -
$49,800,000. By the time they are paid the Government will have paid
$75,000,000 in interest on bonds of less than $50,000,000. So the
Government is paying out $125,000,000 to obtain the use of $49,800,000.
That is the way it has worked all along. That is our policy. That is
our system. The question is, Should that policy be continued? Is it
sane? Is it reasonable? Is it right or is it wrong? If it is wrong, it
should be changed.
Mr. VOORHIS of California. Mr.
Speaker, will the gentleman yeld?
Mr. PATMAN. I would rather the
gentleman wait until I have finished. Now. I believe the system should
be changed. The Constitution
of the United States does not give the banks the power to create money.
The Constitution says that Congress shall have the power to create
money, but now under our system we will sell bonds to commercial banks
and obtain credit from those banks. We do not receive money form the
bonds. The banks create credit, and, as Mr. morgenthau said in reply to
my question, they create the money in that way, and they have already
created $20,000,000,000 and bought $20,000,000,000 of Government bonds.
Therefore, if we do not
change that system we are, in effect, farming out the credit of this
Nation and paying a bonus or tribute to people who do not have anything
in the world to offer us. They have nothing to give us that we
do not already have, and yet here we are paying over a billion dollars
a year for the use of it.
IDIOTIC SYSTEM
I
believe the time will come when people will demand that this be
changed. I believe the time will come in this country when they will
actually blame you and me and everyone else connected with this
Congress for sitting idly by and permitting such an idiotic system to
continue. I make that
statement after years of study. I have talked to the Secretary of the
Treasury and members of the federal reserve Board and other people who
are supposed to know about the money system of our country. They know
this can be done easily and conveniently, and it will save money; but
their one reply is, "It will have a bad psychological effect." Well, I
do not think it would have a bad psychological effect to save the
people over a billio dollars a year of interest. I do not think it
would. It would certainly have a bad effect on the people who are
collecting interest on the Government's money.
FEDERAL RESERVE PRIVATELY OWNED
We have what is known as
the Federal Reserve Bank System. That system is not owned by the
Government. Many people think that it is, because it says "Federal
Reserve."
It belongs to the private
banks, private corporations. So we have farmed out to the Federal
Reserve Banking System that is owned exclusively, wholly, 100 percent
by the private banks - we have farmed out to them the privilege of
issuing the Governemt's money. If we were to take this privilege
back from them we could save the amount of money that I have indicated
in enormous interest charges. We have today about $23,000,000,000 in
gold. This gold is, of course, owned by the Government - title to it is
in the Government. Many people say the Federal Reserve banks own it,
but they do not own it. Congress passed a law saying that the right,
title, and interest in and to that gold is in the Government, but for
convenience and in order to carry out this present monetary policy, the
Treasury has issued what is known as gold certificates and has turned
over to the Federal Reserve banks these gold certificates. So today we
hold about $23,000,000,000 in gold. Under the old system of issuing
$2.50 in currency to every $1 of gold on the theory that a 40-percent
gold base would always be safe, you could take that $23,000,000,000 of
gold and issue two and one-half times that much money under our present
system. This would amount to fifty-seven or fifty-eight billions of
dollars that could be issued on that gold; and then the banks receiving
the money could issue all the way from 7 to 10 to 1. You can thus see
what a great potential threat of inflation is there if it were
exercised, but it will not be exercised, because the people who have
charge of the monetary system will not permit it to be exercised. The
point I want to try to make is that the 12 Federal Reserve banks have
in their custody these gold certificates which are used the same as
gold, which are sufficient to more than pay off the entire national
debt. I am not advocating that this be done quickly or suddendly. I am
not advocating that any change like this be made quickly, for it would
probably be disturbing to the country; but if the Government owned these 12
Federal Reserve banks, as it should - they shold be just as much
a part of this Government as the Treasury itself - then eventually the national
debt could be absorbed by them and this interest burden could be taken
off our shoulders.
JESÚS HUERTA DE SOTO (in: MONEY, BANK CREDIT, AND
ECONOMIC CYCLES, Ludwig von Mises Institute, 2006):
Until specialists and
society in general fully grasp the essential theoretical and legal
principles associated with money, bank credit, and economic cycles, we may realistically
expect further suffering in the world due to damaging economic
recessions which will inevitably and perpetually reappear until central
banks lose their power to issue paper money with legal tender and
bankers lose their government-granted privilege of operating with a
fractional reserve.

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