News
Non pagare il pizzo del
signoraggio è una questione d'onore
e di dignità.
Attualità:
SCEC news - CSM
news - Altre news
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 giugno 2008:
Stretching resources via barter networks
- By Ashley Petry / Star correspondent, June 24, 2008
Member
businesses can fulfill needs without tapping cash, new loans
[Trade Dollars] Bartercard
solution to accommodation shortage - B.SAVVY, Autumn 2008
In
one of the largest barter trade deals in Australia, $2.1million is
being paid in Bartercard
Trade Dollars. This
represents half the $4.2 million of investors’ funds raised for the
$11.5 million Sands Motel project in Newman
Presentati a Milano i DANEE, a sostegno
dello sviluppo della comunità locale per un'economia equa, sostenibile,
e solidale - 26 giugno 2008
Resources for Community Currency Activists
http://www.communitycurrency.org/resources.html
COME
RIVITALIZZARE LE ECONOMIE LOCALI - Festa del Solstizio d'Estate,
Villa Annoni, Cuggiono, 22 giugno 2008, ORE 17.00
I
buoni locali di solidarietà, cosa sono, come funzionano, perché
utilizzarli. Il progressivo aumento del debito delle famiglie e delle
imprese, sta attivando all’estero come in Italia nuove proposte, per
rivitalizzare le economie delle comunità locali . Ne parliamo con
Gaetano Lalegname, Fausto Tomaselli e Marco Saba dell’associazione
ARCIPELAGO SCEC
Scec,
economia e solidarietà alla napoletana - da Marina, EcoBlog.it, 19
giugno 2008
Apre
per la serata la "Banca SCEC" - a piazza Maggiore San Domenico a
Napoli, ore 20.30, 19 giugno 2008

Resoconto
incontro di mercoledì 11 giugno 2008 con il Vicedirettore della Caritas - 13 giugno 2008
Progetto
SCEC: quarta puntata sul canale STUDIO 1 (Treviglio) - venerdì 13 giugno
2008,
dalle 18.30 alle 19.10, nel format
L'ESPRESSO condotto da Daniele Martinelli (rimandata!)

La Lira Siciliana - L'altra
Sicilia, 10 Giugno, 2008

Le
lire siciliane che tanto avevano terrorizzato l’economista Einaudi,
avrebbero, dunque, dato ai governi siciliani i mezzi per sviluppare
l’economia dell’Isola e sconfiggere così la sua centenaria
disoccupazione, ma soprattutto i mezzi per non dipendere economicamente
e politicamente dal governo italiano
La
nave dei folli - Pierluigi Paoletti, Centrofondi, 6 giugno 2008
Approvazione ordine del giorno circa
provvedimenti di sostegno economico relativo al "progetto SCEC"
- CITTA’ DI CASTROVILLARI (Cosenza), 14 maggio 2008
Finanza
Etica: Monete Locali - di Gabriele Bindi, Aam Terra Nuova · giugno
2008
Invece
di prendercela con l’euro, perché non creare una moneta nuova, più
vicina ad un tipo di economia che ci piace? Non si tratta di un’utopia:
è quello che hanno già fatto centinaia di comunità locali, sparse in
tutto il mondo
CSM NEWS giugno 2008:
IL NUOVO SITO DEL
CASO
"FORD CONNECTION"
Debito
pubblico e Signoraggio: il problema delle Banche Centrali - Da un
articolo di Marco Della Luna e Antonio Miclavez
Arthur
Kitson (1860-1937): The
Money Problem, A Fraudulent Standard, Unemployment
F.A.
Mann, Compound
Interest as an Item of Damage in International Law [pdf], Law
Review, Volume 21, Issue No. 3, 1987-1988
COMMUNITY CURRENCY: AN APPROACH TO ECONOMIC
SUSTAINABILITY IN OUR LOCAL BIOREGION - Natalie Terese
Soder, IJCCR vol 12, 2008
L’ATTUALE
GOVERNO ITALIANO AL BIVIO PRIMA DI COMINCIARE - di Nino Galloni,
NEXUS
n.74, giugno-luglio 2008
Dopo quasi 15 anni di
pazzie di destra e di sinistra il Governo Berlusconi si troverà,
entro pochi mesi, a dover
sciogliere alcuni nodi fondamentali di politica economica
finalmente venuti al pettine
Incontro
su banche e signoraggio - Ass.
Culturale Altrostile, via Caravaggio 7, Grassobbio (BG), 20 giugno
2008, h.21.30
Stato di emergenza 6 - di:
Alessio Manucci, 12 giugno 2008
GALLONI: FAME NEL MONDO, NESSO TRA
SOVRANITA’ ALIMENTARE E MONETARIA - Roma, AgenParl, 5 Giugno 2008
PM Luigi
Sandulli e Fabio De Cristoforo: inaccettabili
motivazioni di richieste di archiviazione in materia di usura bancaria
- Avv. Alfonso Luigi Marra, 26 maggio 2008
Altre News
giugno 2008:
(Nel 2007, il tasso
medio di occupazione Ue è stato meno del 66% - Fonte: Rinascita)

The Bank Implode-O-Meter - Your play-by-play for the end game of
modern banking
The
End of the Anglo-American Empire? - by Richard C. Cook, Global
Research, June 30, 2008
Richard C. Cook is a
former U.S. federal government analyst, whose career included service
with the U.S. Civil Service Commission, the Food and Drug
Administration, the Carter White House, NASA, and the U.S. Treasury
Department
Anatomy
of a bank failure: When the liquidators come calling - Damian
Paletta, Wall Street Journal, June 8, 2008
The depositor who thinks
he has $10,000 in a bank is misled; in a proportionate sense, there is
only, say, $1,000 or less there. And yet, both the checking depositor
and the savings depositor think that they can withdraw their money at
any time on demand. Obviously, such a system, which is considered
fraud when practiced by other businesses, rests on a confidence trick:
that is, it can only work so long as the bulk of depositors do not
catch on to the scare and try to get their money out. The confidence is
essential, and also misguided. That is why once the public catches on,
and bank runs begin, they are irresistible and cannot be stopped
Mortgage ruling could shock U.S. banking
industry - Reuters, Jun 30, 2008
The Truth in Lending Act,
a 1968 federal law designed to protect consumers against lending fraud
by requiring clear disclosure of loan terms and costs, lets consumers
seek rescission, or termination, of a loan and the return of all
interest and fees when a lender is found in violationv
HUGE CREDIT CARD CRISIS NEXT FOR AMERICA
- Salon.com, June 30, 2008
Just
as with mortgage debt, credit card debt is put into pools that are then
resold to investment houses, other banks and institutional investors.
About 45 percent of the
nation’s $900-plus billion in credit card debt has been packaged
into these pools, and so many companies, not just a few, are at risk of
being forced out of business by credit card debt write-offs

Polish president refuses to sign EU reform
treaty - AP, Jun 30, 2008
If The Banks Fail... -
By Dick Eastman, rense.com, 6-30-8
First, find a real
president and put him in office.
Amerikaanse 'meltdown' reden geldinjectie
Fortis - De Telegraf, 29 jun 2008
Fortis
Chairman Maurice Lippens expects the complete collapse of the U.S.
financial markets, with bankruptcies of 6000 U.S. banks without
bankassurance coverage, within the next few days or weeks. "We are
ready at the last minute. Things are going much worse in the in the
United States than thought. ... But with Citigroup, General Motors,
there begins a complete meltdown in the U.S."

Count Maurice Lippens
Chairman of the Board of Directors
Fortis Brussels
SA/NV
BIS warns of 'tipping point' -
Matt Turner, Financial News, June 30, 2008
The global economy could
be facing a deeper and longer lasting downturn than analysts have
predicted, the Bank for International Settlements has warned, as
complex structured products and regulatory failures combine to prolong
the problems first witnessed during the onset of credit crisis
06/30/08 - Funding
the Bacchanalian Excess - by The Mogambo Guru
"The bad news is that
today's feasters, gorging themselves at the government trough, are not
going to commit suicide. They are going to riot, and elect politicians
to continue the feast, regardless of the cost."
[too corrupt to fail] Fed Feared 'Contagion' If Bear Failed
- newser, Jun 27, 08
ENTI LOCALI: RAGIONERIA; 61, 8 MLD
MUTUI, 1. 045 EURO A CITTADINO - ANSA, 30 giugno 2008
Ogni cittadino italiano,
tramite le regioni e gli enti locali, ha sulle spalle un debito per
1.045 euro
MUTUI: DE BENEDETTI, NON VISTO ANCORA IL
PEGGIO DELLA CRISI - ANSA, 30 GIU 2008
Carlo de Benedetti si
dice ancora pessimista sulle conseguenze della crisi finanziaria e lo
stato dell'economia. "Al momento non vedo cielo sereno per i prossimi
mesi, non abbiamo visto il peggio" ha affermato a margine
dell'assemblea di Management & Capitali
American financial fiasco could take down
world economy - By BERT HIELEMA, The Intelligencer
Envisioning
a world of $200-a-barrel
oil - By Martin Zimmerman, LATimes, June 28, 2008
As forecasters take that
possibility more seriously, they describe fundamental shifts in the way
we work, where we live and how we spend our free time
The
Shrinking Influence of the US Federal Reserve - By Gabor Steingart,
SpiegelOnline, 06/26/2008
Humiliation for Mr.
Dollar: Ben Bernanke, the chairman of the United States Federal Reserve
Bank, faces a general investigation by the International Monetary Fund.
Just one more example of the Fed losing its power
Derivati
finanziari, Albano (PD): "il banco vince sempre" - Brindisi,
29/06/2008
Il comune di Brindisi ha
stipulato nel 2003 con la BNL un contratto avente per oggetto prodotti
finanziari derivati ( Interest rate swap) su un capitale ( nozionale)
di 25 milioni di euro, della durata 20 anni (fino a dicembre del
2022)... Essendo prodotti finanziari a così lunga scadenza, non ci sono
certezze, è difficile ipotizzare il risultato finale di questa
operazione i cui effetti, rimanendo inalterate le cose, li stiamo
scaricando sulle generazioni future. Il dato certo è che l’80% dei
contratti stipulati dai comuni italiani sono in perdita per un miliardo
e 55 milioni di euro...
The
Dow-Crash, The Dollar, Gold, and WAR! - Jun 28, 2008
Unsurprisingly, the US
war machinery is in full swing at this time. Troop and military asset
movements into the Iranian theater are nearly complete, and Congress
has again prostrated itself before its banking-guild rulers who want
total government (and therefore banking) of all economic activity
L'Adusbef attacca Draghi:
"corresponsabile della crisi dei mercati generata dai subprime" -
raiNews24, 27 giugno 2008
Il governatore di
Bankitalia, Mario Draghi, "si accorge finalmente ad un anno di distanza
della fragilita' dei mercati, inondati di liquidita' e di sostegni
economici per salvaguardare gli esclusivi interessi delle banche e dei
manager dalle bancarotte"
Credit
scores hit by card limits - By RACHEL BECK, AP, 2008-06-28
Just as Americans grow
more reliant on credit cards to help pay monthly bills, they're being
hit with a one-two punch: Card companies are reducing borrowing limits
for tens of thousands of consumers, which then can lead to lower credit
scores
Ex-weapons
inspector says Iran not pursuing
nukes, but U.S. will attack before '09 - By Jason Leopold,
Online Journal, Jun 27, 2008
He explained why he
believes the U.S. is gearing up toward launching a military strike in
Iran and how the media has misrepresented a recent report by the
International Atomic Energy Association (IAEA) regarding Iran
BILL GATES LASCIA LA MICROSOFT -
Ansa, 2008-06-27
Mentre leggerete l'articolo, i dipendenti passeranno da 100.000 a
80.000...
Reports:
Siemens to cut 17,200 jobs
- By MATT MOORE, AP Business Writer, June 28, 2008
Conglomerate Siemens AG,
wracked by a wide-ranging corruption scandal, will cut up to 4 percent
of its work force worldwide, or about 17,200 jobs, a pair of newspapers
reported Saturday
I sei mesi decisivi - Maurizio
Blondet, Effedieffe, 28 giugno 2008
Fra poche settimane
quanto l’economia USA affonderà sempre più a fondo nella recessione
allora il sistema finanziario globale esploderà in diversi
sotto-sistemi che tenteranno di sopravvivere alla meglio
Treasury's Paulson to Meet ECB's Trichet
- By Marc Jones, Reuters, June 27, 2008
Top market riggers to
huddle privately Tuesday in Frankfurt
Caso Unipol: «Ora auguri a De
Magistris» Il Csm assolve la Forleo. E lei: «La giustizia trionfa»
- Corriere.it, 27 Giugno 2008
La Forleo aveva definito
«consapevoli complici di un disegno criminoso» D'Alema e il senatore
Nicola La Torre, ipotizzando per loro il possibile concorso nel reato
di aggiotaggio. E li aveva descritti come «pronti e disponibili a
fornire i loro apporti istituzionali in totale spregio dello stato di
diritto»
[signoraggio] Mafia dappertutto! Ma quali sono le vere
radici di questa mala pianta? - Il Vespro, 27.06.2008
In quasi sessant'anni, la
questione Siciliana è stata oggetto di conferenze, incontri,
dibattimenti fini a se stessi, ovvero fini allo spreco di denaro
pubblico ove si consideri che ogni conferenza di questo tipo, di
livello ministeriale, non costa mai meno di quattrocentomila euro
06/27/08 - Gold
Bats a Thousand on Softball Questions - by The Mogambo Guru
What makes me laugh is
that Mr. Keesler got credit for such a real softball, slow-pitch
question, as there is NEVER any way out of ANYTHING inflationary except
to "adopt more stringent monetary policies"!
NUCLEAR
COST ESTIMATES - By Pam Radtke Russell, EnergyBiz Insider, June 23,
2008
The rising cost of
materials and labor has the potential to put an end to the nuclear
renaissance before it ever gets started. Company estimates that have
been released show costs for an individual unit could be as high as $12
billion, and one consultant expects those estimates could rise if
material prices continue to escalate
[understanding US foreign policy...] Iran’s Economy - Shayerah Ilias,
CRS Report for Congress, June 12, 2008
Following the 1979
revolution, all of Iran’s
banks were nationalized and foreign banks were banned.
Privatization have been thwarted frequently by the Guardian Council.
Iran’s financial sector continues to be heavily dominated by large
state-owned banks
"Resterete
senza olio d'oliva" - La Stampa, 28 Maggio 2008
DUECENTOMILA SUICIDI “I
CONTADINI INDIANI SONO STATI COSTRETTI A PASSARE ALLE COLTURE
INDUSTRIALI E UCCISI DAI DEBITI“ - Intervista di Marco Zatterin
[HANNIBAL THE CANNIBAL] Unicredit, 9mila esuberi nel piano
strategico. La Borsa delusa sui target - dall'inviato Alessandro
Graziani, IlSole24Ore, 27 Giugno 2008
La ristrutturazione
porterà nel triennio alla riduzione dell'organico di 9mila unità, di
cui 5.800 quelli già previsti dall'integrazione con Capitalia
Barclays warns of disaster as Fed loses all
credibility - By Ambrose Evans-Pritchard, The
Telegraph, June 27, 2008
Barclays Capital has
advised clients to batten down the hatches for a worldwide financial
storm, warning that the US Federal Reserve has allowed the inflation
genie out of the bottle and let its credibility fall "below zero."
Perquisizioni negli uffici di Ubs, Jp
Morgan, Deutsche Bank e Depfa: funzionari indagati per truffa al
Comune - Maurizio Giannattasio, CdS, 27 giugno 2008
Persi 300 milioni di
euro: «E adesso il sindaco Moratti venga in aula per dire quello che sa
sui derivati»
Massachusetts sues UBS over
auction-rate securities - The New York Times, 27 June 2008
William F. Galvin,
Massachusetts’ top securities regulator, has filed fraud charges
against UBS, accusing the Swiss bank of misleading clients on
auction-rate securities
OPEC Chief Sees Oil Going to
$150-$170 - From Reuters, June 26, 2008
Oil's rise is mainly
dollar's devaluation, OPEC chief says
06/26/08 - Love/Hate
Inflationship - by The Mogambo Guru
"We love inflation and we hate inflation! So, it's a love/hate
relationship! The most confusing kind! No wonder my head is spinning
all the time!"
Derivati, Gdf perquisisce 4 banche
- TGCOM, 26/6/2008
L'accusa è di truffa
aggravata ai danni del Comune di Milano per la stipula di contratti
derivati, i militari della Guardia di Finanza hanno perquisito le sedi
milanesi di Ubs, Deutsche Bank, JP Morgan e la sede romana di Depfabank
06/25/08 - Using
Modern Economics to
Scare Children - by The Mogambo Guru, The Daily Reckoning
"And don't get me started
on how increases in Social Security payments have lagged increases in
prices for years and years, because I hear plenty of that from people
who depend on Social Security checks."
Money being pulled out of New York City
banks - 2008-06-24
There has been no
explanation for the sudden wire transfer activity, although the rumor
mill suggests fears of a sudden economic collapse and/or a U.S. and
Israeli military attack on Iran, which could touch off a wider regional
conflict
Ted Butler: Silver is a tiger by the tail -
Gata.org, 2008-06-25
Silver market analyst Ted
Butler's new essay, "A Tiger by the Tail," elaborates on his disclosure
of the huge short position in the silver exchange-traded fund and its
likely purpose: concealing the shortage of the metal and suppressing
its price
Juncker, Asselborn et la démocratie
- L'Investigateur, 24/06/2008
Les Irlandais ne sont pas
contents et ils ont raison. Selon la presse de l’île verte, ce sont
notamment les réactions très peu démocratiques de deux personnages qui
les énervent : d’une part Jean Asselborn, le vice-président et ministre
des affaires du gouvernement luxembourgeois et d’autre part,
Jean-Claude Juncker, président de ce même gouvernemen
Valuta vera o falsa: fa differenza?
- di Marco Giacinto Pellifroni, 24/06/2008
I primi due aerei carichi
di AM lire partirono dagli USA nel luglio 1943 alla volta dell'Italia e
il generale Alexander, Comandante in capo della campagna militare
italiana, emise un proclama in cui imponeva la circolazione forzosa
delle AM lire ( Allied Military Currency ), che chiunque era tenuto ad
accettare per qualsiasi pagamento. Te capì?
L'INCREDIBILE
TRUFFA DELL'ORO NERO - di Tom Bosco, 24 Giu, 2008
Quarterly
Window Dressing- A Recurrent Wall
Street Scam- By: Steve Selengut, Portfolio/Market
Manipulation, Jun 23, 2008
IT'S
NOT AN OIL PROBLEM - By Paul Proctor, NewsWithViews.com, June 24,
2008
“Because thou sayest, I
am rich, and increased with goods, and have need of nothing; and
knowest not that thou art wretched, and miserable, and poor, and blind,
and naked.” – Revelation 3:17
06/24/08 - Economic Egomaniacs - by The
Mogambo Guru
"Now, total government
taxation consumes half of all incomes, all of which goes around and
around until my head is spinning and I wonder how it is possible that
any country with as many schools, colleges and universities as we have
can be so freakishly, perversely, brain-dead as to believe that such
idiocy was even freaking possible?"
Asian Clearing Union to give euro
equality with dollar - By Siddique Islam, All Headline News, June
22, 2008
Central bank chiefs of
the Asian Clearing Union (ACU) have agreed to introduce the euro
alongside the U.S. dollar for settlement of payments among the member
countries beginning January 2009
Consumer Pain Goes Beyond The Pump:
Gas Fees Added in Several Industries - By Ylan Q. Mui, Washington
Post, June 24, 2008
The rising cost of fuel
is rippling far beyond what consumers pay at the pump. Companies across
an array of industries are instituting fuel surcharges that are
nibbling away at consumers' pocketbooks. Like the airline industry with
its baggage fees, businesses say they are being squeezed by higher gas
prices and must pass on the costs to survive
Homeowner
Begs Bank To Foreclose - Mish, June 23, 2008
There you have it, a
$224,900 condo that is now worth less than zero. The bank refuses to
foreclose. No one wants it at any price. Is that what it's going to
take to get rid of condos? You have to pay someone to take it off your
hands?
Inflation: Enemy Number Two - By
Bill Bonner, The Daily Reckoning, June 23rd, 2008
So, imagine that you have
money invested in the fund that advertises itself as offering "enhanced
leverage" from "structured credit strategies." Now, imagine that you
read in the paper that houses are going down in price...and that
subprime mortgages are going belly up. Couldn't you put two and two
together? Well...duh... but that's just it, people who invest in hedge
funds can't do math. The managers didn't have to deceive them. They
just had to keep their mouths shut...which they did
Désaveu populaire pour le
gouvernement luxembourgeois et le traité de Lisbonne -
L'Investigateur, 23/06/2008
One Currency for South American Union
- Barbara L. Minton, Natural News, June 22, 2008
[IOR] Lettere
e memoriali di Vincenzo Calcara (parte 5) - di Salvatore
Borsellino, Antimafia2000, 16 Giugno 2008
Gli svariati miliardi e
miliardi che la Banca del Vaticano riciclava facendoli diventare poi
puliti venivano investiti “ANCHE” per comprare BENI IMMOBILI (TERRENI,
VILLE, TENUTE, PALAZZI etc. etc.) che venivano intestati non solo a
Cardinali o Vescovi ma anche a UOMINI di Cosa Nostra, a UOMINI della
Massoneria, a UOMINI POLITICI etc. e anche a PARENTI e AMICI che
facevano da Prestanome
[IOR] Lettere e
memoriali di Vincenzo Calcara - di Salvatore Borsellino,
Antimafia2000, 03 giugno 2008
Parlandomi di Papa
Luciani mi disse: Lui voleva fare una "RIVOLUZIONE" all'interno del
VATICANO! Voleva che la Chiesa fosse più povera, ridimensionando la
ricchezza del vaticano, e aveva studiato un piano per aiutare le
famiglie povere del mondo, innanzitutto da quelle ITALIANE ovviamente,
tutto ciò si doveva fare tramite e per mezzo la Banca del Vaticano, che
dopo avrebbe voluto dare in mano e farla gestire a persone LAICHE con
l'insegnamento di Gesù: DARE A CESARE quel che è di CESARE
Il nostro arretramento pianificato
- Maurizio Blondet, FDF, 23 giugno 2008
Appunto, non siamo più
sovrani della moneta. Viviamo sotto una moneta estera, l’euro, ed è la
Banca Centrale Europea a imporre il tasso d’inflazione a quel ridicolo
livello. Tremonti però avrebbe dovuto spiegare meglio il motivo
tecnico: si tratta del piano di impoverimento programmato, deciso dai
gestori monetari, della classe media e lavoratrice europea
06/23/08 - Inflation
in Spades - by The Mogambo Guru
"This terrifying news of
rising inflation and rising bond yields had the curious effect of
producing a sort of fight-or-flight reaction in the Mighty Manly
Mogambo (MMM), in that I start involuntarily crying like a baby…"
2008 Flying Monkeys of the FIRE Economy
Award - iTulip.com. 06-20-08
"The stock market is not
over-priced or risky," they said during the tech bubble. "Home prices
are not too high and, in any case, home prices are regional and never
fall across the entire nation at once," they said at the height of the
housing bubble. "The credit crisis is contained, limited to a small and
insignificant corner of the bond market," they said after sub-prime
mortgages blew up but before Alt-A, Auction Rate Securities, and other
debt products followed. "Inflation expectations are moderate, confined
to volatile energy prices," they said before milk and wheat prices
doubled. "Oil is a speculative bubble about to pop," they said in 2004,
in 2005, in 2006, in 2007, and now again in 2008. You've heard it all.
FIRE Economy economists play a critical role to misinform the public
about the true nature and condition of the US economy. They do for the
FIRE sector industries what doctors did for the tobacco industry for
decades

Is anything Paulson says
true or make any sense?
NGOs protest against European Commission’s
interventions on behalf of Telecom Italia - Spectrezine, June 23rd,
2008
The Italian-based
telecommunications multinational is attempting, via the International
Center for the Settlement of Investment Disputes (ICSID) and the New
York State Court, to extract excessive and unwarranted compensation for
the renationalisation of the Bolivian telecommunications company ENTEL,
much to the detriment of the Bolivian people
Governo
ricattato dalla spectre della BCE - 22/06/2008
Il
ministro Tremonti dice: telefonate alla BCE al numero 0049 6913440
Treasury Department has at least
contemplated gold swaps - Gata.org, June 20, 2008
The Fed's answer
confirmed that the Fed does have secrets about the U.S. gold reserve,
apparently involving private businesses, possibly investment houses
that have borrowed and sold U.S. government or Western central bank gold
Soros, the Man Who Cries Wolf, Now Is
Warning of a 'Superbubble' - Forbes, June 21, 2008

Brokers threatened by run on shadow bank
system: Regulators eye $10 trillion market that boomed outside
traditional banking - By Alistair Barr, MarketWatch, June 20, 2008
A network of lenders,
brokers and opaque financing vehicles outside traditional banking that
ballooned during the bull market now is under siege as regulators
threaten a crackdown on the so-called shadow banking system
CENTRAL BANKS: Damned if They Do;
Damned if They Don't - by John Hoefle, Executive Intelligence
Review, June 20, 2008
Without this
extraordinary bailout operation, the financial system would cease to
exist. The banks would have to close their doors, and quadrillions of
dollars of fictitious assets and derivatives bets would have to be
written off, wiping out all the so-called profits of the past four
decades, revealing the post-industrial financial boom for what it was:
a fraud. As true as it is, it is not a conclusion the bankers are
willing to accept voluntarily
Claudio Celani: Una nuova Bretton
Woods per il rilancio dell’economia - Luca Bilotta,
BergamoEconomia, maggio 2008
Paying
off a debt with a daughter - BBC News, 21 June 2008
He has already exchanged
two daughters for debt and now the youngest has wiped off a further
£1,000 ($2,000) worth, a huge amount of money in rural Afghanistan
Il comune di Roma è tecnicamente fallito
- Beppe grillo, 20 giugno 2008
Gli ispettori hanno
rilevato che: “L’andamento delle entrate e delle spese non garantisce
la sostenibilità finanziaria nemmeno nel breve periodo”
06/20/08 - Asking
Too Much of a Fiat Currency - by The Mogambo Guru
"Trying to preserve
buying power with advanced purchases of oil! Sort of like buying gold
and silver, but messier. Stick with silver and gold. You'll be glad you
did, as your motives are the same as everybody else's…"
HousingPANIC
calls for a Special Prosecutor investigation of all Congressional real
estate transactions, and for the resignation of Sen. Chris Dodd - June 13, 2008
WHY
THE DEMISE OF CIVILISATION MAY BE INEVITABLE - New Scientist, April
2, 2008
A few researchers have
been making such claims for years. Disturbingly, recent insights from
fields such as complexity theory suggest that they are right. It
appears that once a society develops beyond a certain level of
complexity it becomes increasingly fragile. Eventually, it reaches a
point at which even a relatively minor disturbance can bring everything
crashing down
Gold May Rise to $5,000 on
Inflation, Schroder Says - By Bei Hu, Bloomberg, June 19, 2008
July-December
2008: The world plunges into the
heart of the global systemic crisis - GEAB N°26,
LEAP/E2020 Summer 2008 Alert
Government
Is Sued Over Seizure of Liberty Dollars - By JOSEPH GOLDSTEIN, The
Sun, June 20, 2008
Crittenden
warns of further Citigroup writedowns
- The Wall Street
Journal, 20 Jun 2008
Gary
Crittenden, Citigroup’s chief financial officer, on Thursday warned
investors that the US bank will unveil a fresh round of "substantial"
mortgage-related writedowns during its second-quarter results
Ex-UBS private banker pleads guilty to
tax evasion charge - The New York Times, 20 Jun 2008
Bradley C. Birkenfeld, the former UBS
private banker, on Thursday pleaded guilty to a charge of helping a US
billionaire, Igor Olenicoff, dodge millions of dollars in federal
income taxes
Credit Suisse plans more layoffs
- New York Post, 20 Jun 2008
Credit Suisse is likely
to declare more job cuts in its 19,000-strong investment banking
division due to slumping activity, it has emerged
TREMONTI: CARTA PREPAGATA DEL VALORE
DI 400 EURO PER LE FASCE PIU' DEBOLI - 20/06/2008
Un inizio molto timido...

Crisi
mutui negli Usa, 300 arresti: in manette i manager della frode -
Repubblica, 19 giugno 2008
Tra gli arrestati i due
leader di Bear Stearns, Ralph Cioffi e Matthew Tannin. Sono accusati di
frode, complotto e insider trading. A tradirli le email scambiate
Rogue trader Matthew Piper lost
Morgan Stanley £60m suspended - By Helen Power, Richard Edwards and
Andy Bloxham, The Telegraph, 20/06/2008
Things will get worse, warns Bank of England
governor Mervyn King - By Edmund Conway and Robert Winnett, The
Telegraph, 19/06/2008
On Wednesday it was
disclosed that the Shell tankers' driver strike
was called off following a 14 per cent pay rise offer
06/19/08 - Nothing to Be Done - by The
Mogambo Guru
"Perhaps the fact that
nothing can be done explains their inaction, because if something could
be done, somebody would have thought of it in the last 3,000 years of
idiotic governments destroying themselves with creating too much money
and credit."
Bear
Stearns ex-managers charged
- BBC news, 19 June 2008
Ralph Cioffi and Matthew
Tannin have been charged with fraud related to two hedge funds which
collapsed in June last year
FBI holds 406 for mortgage fraud
- BBC News, 19 June 2008
The FBI says it has
arrested 406 property market players as part of a crackdown on alleged
mortgage frauds worth an estimated $1bn (£500m)
Bank's No 2 to stand down early
- By Robert Peston, BBC News, 18 June 2008
Sir John Gieve is to
stand down early as Deputy Governor of the Bank of England, as revealed
by the BBC

Will
you out live your money? - by Devvy Kidd, NewsWithViews.com, June
19, 2008
The American people
continue to suffer the failed policies of Congress and sitting
presidents. There can be no clinging to the illusion any longer that
the economy is merely "soft." The financial picture for most Americans
continues to be bleak with no end in sight. As Dominic Frisby said in a
recent column, "Central bankers can't talk down inflation." Eighteen
years ago, I fell into the issue of the privately owned Federal Reserve
Banking System and my journey began. I educated myself about...
Bear bailout shows Fed doesn't follow normal rules for
its own books - By Jonathan Weil, Bloomberg, June 18, 2008
If you ever wanted to
design an accounting regime to help a bank cook its books, the Fed's
would be perfect. This doesn't exactly inspire faith in the U.S.
financial system, at a time when a good example might help a lot
Italcementi. Agli atti anche nuove
dichiarazioni di Siino: Incontrai Pesenti - di Silvia
Cordella, ANTIMAFIA2000, 18 giugno 2008
06/19/08 - Raising
the Roof on the Debt Ceiling - by The Mogambo Guru
"The debt ceiling was
raised less than a year ago from $8.965 trillion, which means that the
despicable Congress (except Ron Paul) authorized themselves to spend
about $500 billion…"
BUSH,
CHENEY AT CENTRE OF HUGE CORRUPTION
STORM - Christopher Story, 18 June 2008
In the course of this
recent sequence, several Bank of America bankers were arrested. This
appears to be what the eavesdroppers didn’t want us to publish, which
is curious given that 7,000 bankers
were arrested last autumn, and there have been spasmodic waves
of such arrests ever since...
RBS stock market alert: Fund managers react
- The Telegraph, 19/06/2008
Buxton points out that
many UK shares closely connected to the slowing economy are down
between 50 and 80 per cent over the year already and it is too late for
investors who have yet to protect their portfolios. They will merely
crystallise losses, he says
Come ci rapinano, truffano e spogliano
- Maurizio Blondet, FDF, 18 giugno 2008
E’ chiaro: questi sparano
a raffica bollette con gli stessi consumi «presunti». Non fanno nemmeno
finta di aver calcolato il consumo ipotetico: cifra fissa, 117
metri cubi a tutti. A centinaia di migliaia di utenti. D’accordo, poi -
così dicono al telefono - ti scaleranno quanto hai pagato di più. Ma
intanto si sono fatti anticipare una quantità enorme di liquidità.
Miliardi
Un
terrorista s’aggira per l’Europa - Maurizio Blondet, FDF, 18 giugno
2008
Loss of credibility by Fed, ECB will spark
crash, bank's analyst warns - By Ambrose Evans-Pritchard,
The Telegraph, June 17, 2008
The Royal Bank of
Scotland has advised clients to brace for a full-fledged crash in
global stock and credit markets over the next three months as inflation
paralyses the major central banks
Morgan Stanley disbands ETF team
- Financial news, 18 June 2008
Midyear
roundtable: Part 2 - Barron's, June 17, 2008
Corporate
investors to shift focus away from US - Financial news, 17 Jun 2008
Companies will in the
next five years move away from investments in the US, while at the same
time increasing their investments in Brazil, Russia, China and India,
marking a fundamental shift in global economic power, according to
research published by accounting firm KPMG International
Goldman sheds hundreds but expects
headcount to increase - Financial news, 17 Jun 2008
Goldman Sachs reportedly
let go of hundreds of investment bankers last week but the bank expects
to have increased headcount by the end of the year
THE
EUROPE EFFECT - U.N. Dispatch, June 12, 2008
European Policy is bound
at its foundation to comply with the "precautionary principle," the
idea that perhaps it is not best to wait until a product is harming the
population before investigating its properties
[Profiteering from Iraq war] US: Army Overseer Tells of Ouster Over KBR
Stir - by James Risen, New York Times, June 17th, 2008
GLADIO:
ANCHE LADRI DI MATERIALE? - LA NEWSLETTER DI MISTERI D'ITALIA, Anno
9 - Numero 122-123 - maggio-giugno 2008
Rimane il mistero sulla
lista completa dei "veri" gladiatori fornita da Aldo Moro alle BR e che
pare fosse pervenuta anche al generale Dalla Chiesa e al giornalista
Mino Pecorelli...
NEVADA RANCHER AWARDED MILLIONS IN
DECADES OLD PROPERTY RIGHTS DISPUTE - By Sarah Foster,
NewsWithViews.com, June 17, 2008
“When a taking has
occurred, a plaintiff is entitled to just compensation. The fundamental
principle of just compensation is reimbursement to the owner, so that
he is put in as good a position pecuniarily as if his property had not
been taken.” The total is expected to be about $12.4 million
06/17/08 - Many
Thanks to the Damn Greedy Banks - by The Mogambo Guru
Unbelievably, this looks
like they are taking your money and buying silver for you, and then
loaning the silver to people who sell it, dumping it on the market,
driving the price of silver down, which is the opposite of what you
wanted when you bought the Perth Mint certificates! Hahahaha! What a
scam! Ugh.
MASSA
CARRARA: La protesta dei giovani de “La Destra” contro il caro benzina - di Luca Lorenzi,
L'Opinione, 17 giugno 2008
In Italia soltanto i
cittadini sono martoriati dalle tasse, mentre altre categorie come
quella bancaria e finanziaria ne sono quasi esenti ed hanno la
possibilità, anche grazie a strumenti quali il signoraggio, di
arricchirsi a dismisura alle spalle della nazione
Pannelli solari sul comune di Como. Un
risparmio energetico di 150000 euro l’ anno - 17 Giugno 2008
Parmalat shareholders seek damages
from auditors and banks - The Wall Street Journal, June 17, 2008
A group of 4,000
bondholders and shareholders who lost money when Parmalat collapsed in
2003 said they will file a lawsuit against the Italy-based dairy
company's former auditors and some banks
Citigroup settles Argentina bond
accounting probe - The Wall Street Journal, June 17, 2008
Citigroup agreed to
settle a lengthy federal investigation into its accounting of Argentine
bonds during the debt crisis earlier this decade, a move that will
resolve another of the bank's outstanding legal issues
Buffalo
lender accuses Deutsche Bank
of fraud - The Wall Street Journal, June 17, 2008
M&T Bank Corp on
Monday filed a lawsuit against Deutsche Bank and money manager HBK
Investments over a soured $82m (€53m) investment in collateralised debt
obligations
Alliance Data settles class-action
claims over failed buyout - The New York Times, June 17, 2008
Alliance Data Systems,
the credit card processor, on Friday said it agreed to settle
class-action claims filed against the company and its directors
regarding its failed buyout by Blackstone
Finanziaria:
tasse su banche, assicurazioni e petrolieri per 2,5 miliardi di euro
- Corriere della Sera, 17 giugno 2008
Debbono però rimanere
segrete le vittime del pizzo del signoraggio: chi pubblica redditi
attraverso qualsiasi mezzo (anche online) rischia una sanzione che
potrà arrivare fino a un massimo di 90 mila euro
Gli
eurocrati ci
impediscono di fare l’Europa - Maurizio Blondet, FDF, 15 giugno 2008
Con questo programma da
usurai - ciechi e sordi ai bisogni dei popoli - non si può creare una
sovranità. La sovranità politica nasce nel modo esattamente contrario,
come risposta ai bisogni. Altrimenti è dominio oligarchico:
radicalmente illegittimo, e perciò con piedi d’argilla nelle crisi
mondiali. Non si può chiedere ai popoli di combattere e sacrificarsi
uniti per poteri ciechi e sordi. Persino gli oligarchi dovrebbero
capire che c’è qui un errore ideologico, oltretutto sorpassato,
inautentico
'Catastrophic' event feared as ECB
fights FED on rates - By Ambrose Evans-Pritchard, The Telegraph,
London, June 16,2008
The point of maximum
stress could occur in coming months if the ECB carries out the threat
this month by Jean-Claude Trichet to raise rates. It will be worse yet
-- for Europe -- if the Fed backs away from expected tightening. "This
could trigger another 'catastrophic' event," warned Morgan Stanley
Iran reported to withdraw $75 billion
from Europe - By Parisa Hafezi, Reuters, June 16, 2008
Iran has withdrawn around
$75 billion from Europe to prevent the assets from being blocked under
threatened new sanctions over Tehran's disputed nuclear ambitions, an
Iranian weekly said
Secrecy for NY Fed's derivatives bailout
scheme challenged - By Joanne Morrison, Reuters, June 15,
2008
The New York Federal
Reserve's closed-door rule making with top players in the massive $60
trillion credit default swaps market came under legal fire on Sunday,
as a fair finance activist filed a complaint questioning why it was
done in the dark
06/16/08 - Silver Saves Investors Big and Small
- by The Mogambo Guru
"And why is everybody,
big and small investors alike, suddenly buying all of this silver?
Could it be because silver…has always (for the last 4,000 years in a
row, anyway) gone up in price when the value of the money went down?
Hahaha! You bet it is!"
Senior
JPMorgan official
detained over Dubai banking probe
- The Wall Street Journal, 16 June 2008
A senior Mideast
executive at JPMorgan, Omair Mooraj, is being detained in Dubai as part
of a widening fraud investigation at Dubai Islamic Bank, a police
official said on Sunday
US seeks legal assistance from
Switzerland in UBS tax probe - The Wall Street Journal, 16 June 2008
US authorities have asked
Switzerland to help in their investigation of UBS, a spokesman for
Swiss federal prosecutors said on Sunday
MF
Global earmarks $10m for possible
civil penalties - The Wall Street Journal, 16 June 2008
MF Global has set aside
$10m (€6m) to cover potential civil monetary penalties from the
Commodity Futures Trading Commission after receiving notice that the
futures-and-options broker likely faces enforcement action related to a
probe of natural-gas-pricing information. (The Wall Street Journal)
Bear
Stearns hedge fund managers may face
indictments - The Wall Street Journal, 16 June 2008
Federal prosecutors,
capping a yearlong investigation, are preparing to file criminal
charges against managers of two Bear Stearns hedge funds whose collapse
helped mark the start of the credit crisis
OUR
TROUBLED COUNTRY: IMPORTING POVERTY
- By Frosty Wooldridge, NewsWithViews.com, June 16, 2008
Detroit, Michigan high
schools suffer a 76 percent drop-out/flunk-out rate for high school
seniors. All totaled, 1.2 million eighteen year olds hit the streets
functionally illiterate annually. In Denver, Colorado, 73 percent of
children live in poverty
GOVERNMENT AND PRESS/MEDIA COVER-UPS
- By Dennis L. Cuddy, NewsWithViews.com, June 16, 2008
With a weaker dollar,
more and more foreign firms will be buying American companies. For
example, on June 12, 2008 a Belgian firm made a takeover bid for
American beer company Anheuser-Busch which began about 150 years ago in
St. Louis
E se la Sicilia facesse un referendum
sull'Unione Europea? - L'Altra Sicilia, 16 giugno 2008
Il referendum
dell'Irlanda, l'unico democratico, non conta niente per l'Europa dei
banchieri e dei loro mantenuti, la casta dei politici asserviti e dei
giornalisti ruffiani

Leo Zagami Discusses US Economy
(YouTube video)
Movie: CONCURSANTE
(Rodrigo Cortés) (YouTube video) Complete movie on
Veoh TV
One of the most
incredible movies of this year!! Superb!! A half way between a Scorsese
made in Spain and Paul Thomas Anderson with a little taste of Billy
Wilder and even Tony Scott. You can rarely see a so talented young
director. It has a great script, which explains the lies of the banks
and the financial system. But it's not boring at all, as if a young
Orson Welles decided to guide the daring formal structure. The best
editing I've ever seen in Spain, I can tell you, magic, genius. And
Leonardo Sbaraglia does his best performance until now, two thumbs up
for him. Difficult to believe you're seeing this in Spain. It's an
spectacle!! Intelligent, funny, terrible, fast, crazy, intelligent
again... Much more than a movie!! It may not be perfect, but it
certainly is a great great film!!
Cosa
sono i Pronti contro Termine
(video) - Eugenio Benetazzo
OKLAHOMA DECLARES SOVEREIGNTY---TELLS
FED GOV TO CEASE & DESIST
Caro-benzina,
camionisti protestano in Francia - Reuters, 16 giugno 2008
Le azioni di oggi
giungono dopo una serie di proteste che hanno dato grattacapi a diversi
governi nelle ultime settimane, dalla Spagna alla Corea del Sud, e
hanno portato il problema del caro-benzina in cima all'agenda politica
The
Formula For Hyperstagflation
- Bob Chapman, June 14 2008
Contrary to what the fane-stream media, pusillanimous pundits and Wall
Street shills might tell you, inflation is caused by too much
debt-money and debt-credit chasing after too few goods, and today's oil
and food crisis is now providing everyone with a textbook example of
how profligate expansion of debt-money and debt-credit can ruin an
economy in a frighteningly short period of time
In
arrivo raffica di scioperi estivi nei trasporti - ANSA, 15-06-2008
Da lunedi' 30 giugno
ferme per 5 giorni le aziende del trasporto merci
Casa:
aumentano pignoramenti e esecuzioni - ANSA, 15-06-2008
Americans
watching their wealth slip away
- BY RICH MILLER and MATTHEW BENJAMIN, BLOOMBERG NEWS, June 15, 2008
High gas prices having
ripple effects. Nationwide, home prices in neighborhoods with long
commutes and no public transportation are falling faster than prices in
communities closer to cities
Some
owners plot walking away from
foreclosed home - By Nick Timiraos, The Wall Street Journal,
June 15, 2008
Food
prices force groups that offer square meals to cut corners -
LATimes, June 15 2008
[How to avoid to file W-2
income tax forms or withhold taxes or pay workman’s comp] SILVER,
GOLD AND THE IRS - By Derry Brownfield, NewsWithViews.com, June 15,
2008
I began a recent
presentation before a large group of cattle producers (R-CALFUSA) by
showing a paper dollar bill and a silver coin. The words “one dollar”
is inscribed on both the coin and the paper, yet the paper dollar will
only pay for about one quart of gasoline at today’s prices, while the
silver dollar will pay for well over five gallons...
MONETARY REFORM: THE ONLY CURE FOR
THE HIDDEN TAX - by Phillip D. Collins, NewsWithViews.com, June 15,
2008
If returning to the gold
standard is completely out of the question, what about legalizing
competing forms of currency, including gold and silver? Certainly,
competing currencies would weaken the Fed’s grip on America’s monetary
system
Citing
Iraq War, Renowned Attorney Vincent Bugliosi Seeks “The Prosecution of George W. Bush for Murder”
- DemocracyNow!, June 13, 2008
Vincent Bugliosi is one
of the most successful prosecutors in this country, with a record
including twenty-one murder convictions without a single loss. With a
new book, he outlines his case for the prosecution of George W. Bush
for murder. [includes rush transcript]
PACKER
TWP, PENNSYLVNIA, PASSES LAW CONTROLLING CORPORATIONS - Community
Environmental Legal Defense Fund, Jun. 12, 2008
Municipal government bans
corporate sewage sludge dumping; becomes third community in nation to
ban chemical bodily trespass; strips corporations of claim to
constitutional "rights." Ordinance recognizes the rights of nature;
asserts civil rights of residents to sue corporations as state actors
Slot,
colpo di spugna sui novanta miliardi - Marco Menduni e Ferruccio
Sansa, Il Secolo XIX, 14 maggio 2008
Who
Benefits from Disasters? - By Naomi Klein, January 27th, 2008
"Only a crisis -- actual
or perceived -- produces real change. When that crisis occurs, the
actions that are taken depend on the ideas that are lying around. That,
I believe, is our basic function: to develop alternatives to existing
policies, to keep them alive and available until the politically
impossible becomes politically inevitable."
The
Search for a Missing Trader Goes Global - By NELSON D. SCHWARTZ and
ABHA BHATTARAI, NYTimes, June 14, 2008

Votate e Fate Votare Online sul
Trattato di Lisbona
APPALTOPOLI
PERUGIA: DOMANI CONSIGLIO STRAORDINARIO. CARLO COLAIACOVO PRONTO A QUERELARE
UNA TESTATA GIORNALISTICA - Tuttoggi.info, 13/06/2008
Domani alle 10 si terrà un Consiglio Provinciale Straordinario. Giunta
sul'orlo delle dimissioni
Pesenti indagato in Sicilia "Ha
favorito la mafia" - La Repubblica, 13 giugno 2008
L'amministratore delegato
di Italcementi, Carlo Pesenti, è indagato dai pm della Direzione
distrettuale antimafia di Caltanissetta

EU Dictators May Ram Through Lisbon
Treaty Despite Irish Rejection - Paul Joseph Watson, Prison Planet,
June 13, 2008
EU risks losing all
legitimacy by circumventing its own laws in pursuit of federal
superstate
Mélenchon:
«Les eurocrates deviennent peu à peu
fanatiques» - François Meurisse, Libération, 13 juin 2008
Il y a une méthode
tellement simple que l’on pourrait suivre: en juin prochain, on élit le
Parlement européen. On lui donne un mandat constituant et on lui laisse
le soin de mettre au point la formule pour écrire un nouveau texte.
Dans toutes les démocraties on fait comme ça
06/13/08 - A
Phantom Increase in Income - by The Mogambo Guru
"If you are like me, you
are suddenly realizing that your income did not go up by 0.2%, or any
percent, because if it did, it seems like you would have remembered it.
And anyway, if my income DID go up, then where in the hell is all of
this money?"
«
Ich bin ein… Dubliner » - 13/06/2008
Félicitations aux
Irlandais !
BBC
uncovers lost Iraq billions
- By Jane Corbin, BBC News, 10 June 2008
A US gagging order is
preventing discussion of the allegations. The order applies to 70 court
cases against some of the top US companies (free market?)
L'Ue nel caos: L'Irlanda ha detto no
al Trattato di Lisbona. Governo italiano spaccato - Affari
Italiani, 13.06.2008
EU
referendum: Ireland votes against
Lisbon Treaty - By Tom Peterkin, Telegraph, 13/06/2008
Irish voters have left
Brussels' plans for EU integration in tatters by rejecting the Lisbon
Treaty. The decision is likely to lead to infighting across Europe
Support
for euro in doubt as Germans reject Latin bloc notes - By Ambrose
Evans-Pritchard, Telegraph, 13/06/2008
Notes printed in Berlin
have more currency for bank customers who fear a 'value crisis', A
recent IPOS poll showed that 59pc of Germany now had serious doubts about the euro

Emerging
markets face inflation meltdown - By Ambrose Evans-Pritchard,
Telegraph, 13/06/2008
A quarter of the 800 shoe
factories in the Guangdong region have shut down in recent months, and
several thousand textile workshops are battling to stay afloat. Hong
Kong's industry federation has warned that 10,000 firms operating in
the South of China may soon go out of business
Integrazione
Ue, le crisi più gravi - La Repubblica, 13 giugno 2008
Trattato di Lisbona, in Irlanda vince il no
- L'Unione Sarda, 13 giugno 2008
E' ormai certa la
vittoria del no nel referendum sul Trattato di Lisbona. Lo annunciano
esponenti del governo e dei partiti sentiti dalla televisione pubblica
irlandese Rte. I contrari alla riforma sono in vantaggio anche a
Dublino, dove era attesa l'affermazione del si. I risultati definitivi
nel pomeriggio. In Italia il trattato sarà votato in Parlamento a
Luglio. E la Lega dirà no
Investors
accuse US fund manager of ‘siphoning off’ money - Financial Times,
13 June, 2008
Windmill Management, a US
hedge fund manager facing a lawsuit for blocking withdrawals, is now
being accused by one of its long-standing investors of “siphoning off”
money
Consulenti
pubblici: l'elenco dei compensi - Sergio Rizzo, Corriere della
Sera, 13 giugno 2008
Il ministero mette in
Rete la lista: 251 mila contratti. Spesi 1,3 miliardi. Ci sono
professionisti e politici
Federal
Reserve and ECB are in no mood to save us from the consequences of our
debt - By Ambrose Evans-Pritchard, The Telegraph, 10/06/2008
06/12/08 - Investing
Made Simple - by The Mogambo Guru
"Suddenly I think, 'Ahhh!
I see! Demand is more than supply, meaning price will go up until
demand equals supply!', at which point I think, 'Whee! Investing is
easy when you know to avoid stocks and bonds and buy gold, silver and
oil…'"
06/11/08 - Jabba
the Gold - by The Mogambo Guru
"To get a hot chick to
say, 'Take me and ravish me, you Hot Mogambo Stud (HMS)!', you can't
use force like old Jabba there. And that means willful cooperation, and
that means you are going to need some serious, serious money."
Indagine
appalti pubblici: oltre trenta ordinanze custodia - LEGGOonline,
12-06-2008

Tra gli arrestati, Carlo
Colaiacovo. Dal 1993 il Colaiacovo è Presidente della Fondazione Cassa
di Risparmio di Perugia e dal 2002 Presidente dell’Associazione
degli Industriali della Provincia di Perugia. E inoltre membro del Consiglio di
Amministrazione di Capitalia S.p.A. e del Comitato di Indirizzo della Cassa
Depositi e Prestiti S.p.A. Nel giugno 1997 il Presidente della
Repubblica gli ha conferito l’onorificenza di Cavaliere del Lavoro. Nel
giugno del 2005 ha ricevuto la Laurea Honoris causa in Economia
all’Università di Perugia

WHISTLEBLOWER FROM THE ILLUMINATI
THAT TRIED TO FIGHT SATANISM IN NORWAY WAS ARRESTED BY THE POLICE AND
LOCKED DOWN AT A MENTAL INSTITUTION - Hans Gaarder, 12 June
2008

Leo Zagami e l'ammiraglio Falco Accame a Roma durante la presentazione
del film: "Aldo Moro, la verità negata"
I
GUAI GIUDIZIARI DEL
SIG. TRICHET - di
redazione, Finanza in Chiaro, 11/06/2008

Fidelity sued over losses in bond
fund - The Wall Street Journal, 11 Jun 2008
Fidelity Investments is
being sued over losses in the Fidelity Ultra-Short bond fund, which
invested in risky mortgage-backed securities
Caccia al pieno "low cost" ecco la
mappa - di Franco Vanni, La Repubblica, 11.06.200
I forzati del weekend in
coda per risparmiare 8 centesimi al litro
40
TECHNIQUES OF THE ILLUMINATI - By Gianni DeVincent Hayes,
NewsWithViews.com, June 10, 2008
In order for the Elite to
completely take over the world, they have to capture the economic
sector to create a one-world economy, as seen in the collapse of the
American dollar, along with merging the U.S., Canada and America into
one of the ten regions
Caro-gasolio:
tremila pescatori in corteo
a Roma - Il Messaggero, 11 giugno 2008
Zaia: «Condivido la
protesta, soluzioni non facili»
An
ominous warning that the rapid rise
in oil prices has only just begun - By Danny Fortson, The
Independent, 11 June 2008
The chief executive of
the world's largest energy company has issued the most dire warning yet
about the soaring the price of oil, predicting that it will hit $250
per barrel "in the foreseeable future"
Police
probe possible suicide of Bayou ex-CEO
- The Wall Street Journal, 10 Jun 2008
New York State Police are investigating the possible suicide of Samuel
Israel III, the former chief executive of defunct hedge-fund firm Bayou
Management who was supposed to begin serving a 20-year prison term on
Monday, an investigator said Tuesday
Tagliamo le accise sui prezzi dei
carburanti - di Luca Lorenzi, L'Opinione, 10-06-2008
Su 100 euro di pieno 56,4
euro vanno allo Stato. La proposta dei giovani de La Destra, in
pratica, riguarda l’eliminazione immediata delle accise ormai decadute
e della tassazione ad esse associate, facendo così, si diminuirebbe
drasticamente il prezzo dei carburanti di circa 40 centesimi al litro (dove
è finita l'accisa per il Vajont?)
Caro gasolio, due camionisti muoiono ai
blocchi in Spagna e Portogallo - Il Resto del Carlino, 10
giugno 2008
Bloccato dai picchetti il
passo frontaliero con la Francia di La Jonquera. Problemi per mercati e
benzinai, enormi blocchi del traffico. Anche i pescatori sono fermi.
Il Pp accusa Zapatero e chiede tagli fiscali
New York Fed
Hastens Effort to Bolster Vast, Opaque Credit Derivatives Market -
By Serena Ng and Emily Barrett, The Wall Street Journal, June 10, 2008
Federal regulators are
zeroing in on the vast but lightly regulated credit-default-swap market
in their efforts to repair the financial system as the credit crisis
unfolds
06/10/08 - Crude Up
and Kills Created Money - by The Mogambo Guru
"This is the Big, Big
Reason (BBR) that I am now looking for a cushy job as an oil company
CEO, because I would make a lot of money for doing practically nothing
and apparently knowing even less. It's perfect for me!"
THE WIZARDS OF MONEY Part 1: "How Money is Created"
What is often overlooked
about the monetary system, particularly by advocates of the "trickle
down" hypothesis, is that it is a ZERO SUM GAME, because our money is
entirely debt based. The more of a positive net money balance I have,
the more of a negative balance someone else has
IRELAND HAS BEEN 'ENRONISED', MAY
THEREFORE VOTE 'NO': COUNTRY HOLLOWED OUT WITHOUT THE PEOPLE REALISING
WHAT'S HAPPENED - Christopher Story, 10 June 2008
If overt malfeasance is
'suspected', the self-serving OLAF Directorate (the so-called
Anti-Fraud Directorate within the EC), which exists not to investigate
and expose fraud inside these collective institutions but to cover it
up, is mobilised to start an investigation. This is then widely
publicised, to make sure that the whole world knows that OLAF is
watching out for corruption. Some months later, another entity within
the structures 'calls for' an investigation, which is then launched.
The first corruption investigation is subsequently suspended, pending
the outcome of the second investigation. There have been instances
where this procedure has been replicated by a third and even a fourth
internal investigation. The object of this obfuscation mechanism is to
ensure that no definitive outcome can be achieved before the term of
the prevailing European Commission expires...
China,
India To Be Invited Into Trilateral
Commission - By Benjamin Fulford, rense.com, 6-9-8
The move to invite China
and India to their club is probably too little, too late, given the
rise of a world-wide anti-Rothschild alliance
Why It’s Worse Than You Think -
Newsweek, Jun 16, 2008
For months, economic
Pollyannas have looked beyond the dismal headlines and promised a quick
recovery in the second half. They're dead wrong
The Banking Crisis Is Back - by
John Hoefle, Executive Intelligence Review, June 13, 2008
Far from having been
stabilized, the global banking system is on life support, kept alive by
extensive government funding while it is being restructured; capital
injections are being arranged for failing institutions, steps are being
taken to keep the book values of worthless securities from plunging to
zero, while the banks are being forced to write down the values of
their assets
Ron Paul plans his own convention
- By David Brown, TRIBUNE-REVIEW, June 10, 2008
Mortgage Delinquencies Rise Nearly 62
Percent in First Quarter - By AMY MCALISTER, HousingWire,
6/10/2008
Potential Future Hyperinflation
- By Stephen Lendman, rense.com, 6-10-8
The real value of all
goods and services produced is lower than official GDP numbers when
adjusted for higher inflation. More of it means higher prices, not
increased output
Denis Robert publie Une affaire
personnelle - Comité de soutien à Denis Robert
Le Financial Times
expliquait que les banques et plus largement, les marchés, refusaient
la régulation par les textes, se faisaient les chantres du libéralisme,
mais appelaient à l'aide l'Etat, dès qu'elles avaient merdé. Le procédé
est connu de longue date et revient sur le devant de la scène à chaque
crise, à chaque faillite de banque. Les banques et les marchés
brandissent le spectre du « risque systémique ». De « l'effet domino ».
En clair : nous nous devons tous de l'argent entre nous. Si un gros
poisson s'écroule, tout s'écroule. C'est la crise la plus noire que
l'on puisse imaginer pour le système capitaliste. Et par rebond, on
aurait des révolutions. L'Etat n'aime pas les révolutions. Alors il met
la main à la poche. Au final, ce sont
les citoyens qui payent les conneries d'un tout petit nombre.
Mais ce tout petit nombre a une « qualité » particulière. Quand il fait
des conneries, elles coûtent très cher...
[Clearstream] Jet
de l’éponge au seizième round - Denis Robert, 10.6.08
J’ai démontré qu'une
banque russe -la MENATEP- dont le dirigeant est en prison et contre qui
nous avons gagné tous nos procès (24 au total) avait un compte non
publié et non rattaché à un compte principal publié dans Clearstream...

Bergamo,
assalto al portavalori
sull'A4: caccia al commando - RomagnaOggi, 10 giugno 2008
Scene da ‘Far West' sull'autostrada
A4 Milano-Venezia nel comune di Calcinate
Fiumi di denaro verso San Marino, il
caso diventa diplomatico - RomagnaOggi, 10 giugno 2008
Shortages bite in Spanish strike
- BCC News, 10 June 2008
A Spanish petrol station
is shut after running out of fuel. Panic-buying has begun to set in,
cleaning out petrol stations. A growing number of petrol stations in
Spain are running out of fuel, as lorry drivers continue to blockade
major cities in a protest over diesel prices

Rep.
Kucinich introduces Bush
impeachment resolution - THE ASSOCIATED PRESS, June 9, 2008
Axa-Banque Luxembourg inculpée -
L'Investigateur, 09/06/2008
Les préventions vont du
faux et usage de faux au blanchiment en passant par la fraude fiscale
et sociale et l’abus de confiance

Maxi
operazione anti riciclaggio:
coinvolti 2 istituti di credito - marco.cobianchi, Panorama,
6 Giugno 2008
Ma Bankitalia non sa
niente...
European fuel protests widen along
Spanish-French border - By Dale Fuchs and Alan Cowell,
Herald Tribune, June 9, 2008
Pity poor Europe, where
the price of oil and taxes levied at the pump combine to push prices to
about double the U.S. level
06/09/08 - The
Declining Quality of Dollar Menus - by The Mogambo Guru
"To show you how things
really work in the real world, Mr. Pento says that nobody is
sacrificing profits, as 'In the case of McDonald's, it may be necessary
to reduce the quantity or quality of items on the dollar menu in order
to maintain the price.'"
Nine
meals from anarchy - how Britain is facing a very real food crisis
- By Rosie Boycott, Daily Mail, 07th June 2008
Julius
Baer: Rudolf Elmer files against
Swiss banking secrecy at ECHR - WikiLeaks,
May 13, 2008

Fox
Asks For More Authority Over Hen House - Mish's Global Economic
Trend Analysis, June 09, 2008
Had enough
of high prices? - CSM, June 9, 2008
Of all the bad economic
data, the cost of food and oil need the Fed's urgent attention
Minyan
Mailbag: How Safe Is My Gold? - Mish's Global Economic Trend
Analysis, June 06, 2008
Spanish hauliers on fuel strike
- BBC News, 9 June 2008
Tens of thousands of
Spanish lorry drivers have begun an indefinite strike over the soaring
price of diesel, which has risen by 20% this year
NY
Fed chief urges global bank framework - By James Politi in
Washington and Gillian Tett, FT.com, June 8 2008
Mr Geithner called the
system “a confusing mix of diffused accountability, regulatory
competition and a complex web of rules that create perverse incentives
and leave huge opportunities for arbitrage and evasion”
Thousands
clash with police in Egyptian bread
riot - SALAH NASRAWI, AP News, Jun 08, 2008
Like much of the rest of
the world, Egypt has been wracked by rising food prices and stagnant
wages, resulting in protests and demonstration
Lista
ufficiale dei partecipanti al Bilderberg 2008 - Maurizio Blondet,
Effedieffe, 8 giugno 2008
Chi comanda a porte
chiuse:
Tomaso Padoa Schioppa, Franco Bernabè(Telecom), Mario Draghi
(Bankitalia), John Elkann (Fiat) e Mario Monti (Bocconi)
The
Great Carbon Bazaar - BBC News, June 5, 2008
The carbon trading scheme
built into the Kyoto Treaty -- put there at the insistence of "leading
environmentalists" in the U.S. -- has led to major scams by polluters,
which are exceedingly profitable but don't reduce global warming
Open Lawyer's Letter to Bart Chilton,
CFTC Commissioner - By: Avery B. Goodman, 6 June, 2008
The Comex/Nymex silver
futures market is a giant
manipulation and fraud that violates commodity trading law
One killed in
Tunisian price riot - BBC News, 6 June 2008
A protester has died in
Tunisia in clashes with police over unemployment and inflation on a day
which also saw unrest in Asia over living costs
Police
hope to lift lid on crime proceeds in
safe deposit raids - David Pallister, The Guardian, June 7
2008
Three vaults sealed off
and boxes examined. Directors arrested on suspicion of laundering
Art,
jewels and £14m cash seized in deposit
box centre raids - David Pallister, The Guardian, June 5,
2008
Officers have also
uncovered several works of Renaissance art, a haul of valuable
jewellery, a gun and counterfeit passports, chequebooks and credit cards
Crisi
finanza contagia economia, Italia senza strategia-rapporto -
Reuters, 4 giugno 2008
Deaglio, professore di
Economia internazionale a Torino, ha sottolineato che la crisi in atto
è "di sistema" e "la cosa più onesta che le banche d'affari possono
dire è che non sanno" perché "le risposte non sono nei manuali
d'economia"
TESORO/
NEL 2007 PERSI 600 MILIONI SU SWAP DEBITO PUBBLICO - Apcom, 7
giugno 2008
Forlì-San
Marino: evasione fiscale e riciclaggio, bloccati 2,6 mln di euro -
Tele1, 7 giugno 2008
* * * RAPPORT
PAR LA MISSION D'INFORMATION COMMUNE SUR LES OBSTACLES AU CONTRÔLE ET À LA RÉPRESSION DE
LA DÉLINQUANCE FINANCIÈRE ET DU BLANCHIMENT DES CAPITAUX EN
EUROPE - ASSEMBLÉE NATIONALE, ONZIÈME LÉGISLATURE, 30 mars 2000
SEC and Justice scrutinize AIG on
swaps accounting - The Wall Street Journal, June 6, 2008
The US Securities and
Exchange Commission is investigating whether insurer American
International Group overstated the value of contracts linked to
sub-prime mortgages, according to people familiar with the matter
A Roma, presso la sede nazionale del Movimento Valori e Futuro, fondato
da Emanuele Filiberto, si e' tenuta la riunione dei gruppi aderenti al movimento 'FermiamoLeBanche' - 5 giugno
2008, h 15.30
ING,
Dexia, Fortis et KBC vendraient sciemment de mauvais placements à leurs
clients - L'Investigateur, 02/06/2008
Dollar
crisis looms, China ponders reform: Mundell - Reuters, Jun 3, 2008
Putin's Purge
Of The Rothschild Money Changers - RJN, June 2, 2008
Pressure
Points in the Bank Bust - Jim Willie CB, Hat Trick Letter", Jun 6,
2008
IndyMac Bancorp, Sterling
Financial, Corus Bankshares, Imperial Capital Bancorp, and GMAC Bank
are all on the verge of busts. Look for these banks to possibly lead
the list of failures, each with unique vulnerabilities
Wall
Street Says -2 + -2 = 4 as
Liabilities Get New Bond Math - By Bradley Keoun, Bloomberg, June
2, 2008
06/06/08 - Economic
Lessons from Alexander Pope - by The Mogambo Guru
"Luckily, I had been
transferring lots of money from the operating account at the bank into
cash in the office safe in case of some kind of emergency. And sure
enough, here's an emergency! Who says I don't know how to plan ahead?
Hahaha!"
Curatore
fallimentare ucciso per uno sfratto a Foggia - Repubblica.it, 6
giugno 2008
Sta
per scoppiare la bolla derivati - Maurizio Blondet, Effedieffe, 6
giugno 2008
06/05/08 - How
to Remain Calm During a Price Explosion - by The Mogambo Guru
"I'm barricaded in my
house; there are a zillion 'Trespassers will be shot!' signs all over
the yard; and I am buying gold and silver with every dime I can steal
from my wife's purse or the kids' piggy banks."
06/04/08 - Sounding
the Government Debt Alarm - by The Mogambo Guru
"But that was not the
only thing that was causing mayhem with the Mogambo Economic Alarm
System (MEAS), as the Federal Reserve itself sold off another $11
billion of its government debt last week! Yikes!"
06/03/08 - Howling
at the Moon - by The Mogambo Guru
"You invested $100 in
2002 buying power to get back, after five years, $76 in 2002 buying
power! Hahaha! Your 'fabulous' investment made a paper gain, but
produced a real, inflation-adjusted loss of 25% of your money! Hahaha!"
06/02/08 - A
Paralyzing Rise in Money Supply - by The Mogambo Guru
"Apparently, he mistook
the look of sheer, paralyzing horror on my face at this revelation of
such a massive expansion of the money supply (because it will lead
directly to inflation in consumer prices), to be mere confusion on my
part."
The
great rice crisis: Rationing at UK
supermarkets as world prices soar 70 per cent - By
Christopher Leake, Daily Mail, 1st June 2008
Negative
equity hits 250,000 - and there is worse to come - Heather Stewart
and Lisa Bachelor, The Observer, June 1 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)
ARCHIVIO
NEWS
2008
MAGGIO 2008
APRILE 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
Qual'è il confine tra
il disimpegno e la
complicità? Tra l'inettitudine e la collusione?

DENNIS
KUCINICH ON MONETARY REFORM (AUDIO)
I
flussi
internazionali del denaro - capitolo del
libro "O LA BANCA O LA
VITA", di Marco Saba, Arianna Editrice, 2008
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 should 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."

|