Seigniorage is a monetary and psychological scam to which we are all individuals. He hides behind a curtain and is strengthened by silence and death and went through the last 300 years without letting anything leak out of their lives. they say that "the greatest trick the devil was to mankind to believe that he does not exist" and it is thanks to this diabolical technique that seigniorage is the master of the world but in a transparent manner to all of us.
You never hear talk of seigniorage in his books or TV, the politicians never quarreled for seigniorage and you'll never see the financial police to arrest someone this subject.
Seigniorage is the maximum power of the planet and all of us are slaves.
Technically, the seigniorage is the profit that is generated by money creation.
The legislature is currently require international central banks to create money, cash that is scriptural.
An example will help clarify the mechanism:
create a coin (be it paper, metal or as a virtual c / c) has costs due to raw material, labor and services necessary to outline, as the distribution, anti-counterfeiting techniques, etc. ..
The biggest cost is the material making up the money, the set of all the various costs to be shown to determine its intrinsic value.
The coin shows the front but a number that indicates another value: the nominal value (or, precisely, face or even legal). The two values \u200b\u200b(intrinsic and nominal) are different and their difference determines what is called seigniorage, ie the gain that the person who created that currency.
Obviously those who create money tends to mark a value as high as possible with respect to intrinsic value, otherwise we call (seigniorage negative), as happens in the minting of coins of 1, 2, 5 or 10 euro cents, since for them must spend 15 cents. Watch the minting of coins, metal case is reserved to the State and not the ECB ..
Now let's see what happens in the creation of money-and gold-paper currency. In ancient times the coins were made of gold and then with a rather high intrinsic value. The "ladies" who used to mint these coins stamped them with a higher value to be able to earn and so afford a "premium" economically significant. In fact, this powerful
received the gold (by rich merchants, or directly from mines) with a request to convert it into hard cash and just put his effigy to guarantee the goodness of the piece he created (coined). It was a sort of guarantee and we had his money.
n practice, a coin was declared as containing 10 grams of gold when in fact they were used in the process of minting only 9 grams (with the addition of 1 gram of non-precious metal). The difference between the nominal value stated (10 grams) and the actual intrinsic value (9 grams) was the seigniorage (one gram gold coin).
When gold has been replaced by the paper, the discourse is worse (for us) and the seigniorage has come to almost 100%. Indeed
to print a bill or a 5 € 500 euro takes only 30 euro cents and we also consider that this bill is no longer tied to gold (no more 'cover' and is no longer 'convertible'). This means that the modern Lord, that those who now creates money (for as the ECB in Europe or the U.S. Federal Reserve) has enormous power. Indeed, these private bodies (central banks are all private) can blackmail or otherwise influence entire nations.
Suffice it to say that the World Bank (owned by the Federal Reserve and the Bank of England, in turn, both private and master even the International Monetary Fund) denying loans to those nations who refuse to privatize the sector ' drinking water! And this is just an example.
who understand the mechanism of seigniorage will now have also understood that the bill is an action ELIMINATE worse as it disappears, for the Lord Banks, the 'cost' and increases 100% electronic money on seigniorage. Moreover, the currency is subject to an interest (eg. 3%) raises the debt of the citizens of a sovereign country than the face value of the currency itself! In practice a currency (bill) from € 100 € 103 costs the city and the bank with only 30 cents. This is the seigniorage.
could overcome everything in a very simple way: It is sufficient that the State finally sovereign, without money to issue debt, as it does, for example, coins (of course those with a face value greater than the intrinsic value, such as pieces from 50 cents, 1 euro and 2). The savvy will understand now the joke of the late Mr Duisenberg against TREMONTI when it asked to replace coins of 1 and 2 euro banknotes of equal value and the former governor (who died in mysterious circumstances) responded by saying: "But Mr. Tremonti knows that in doing so his country loses seigniorage on the amount of money be replaced? ".
Since the bill does not have a fee in gold (the notes are convertible into U.S. dollars but since 1971 the U.S. dollar no longer convertible into gold) there is no reason to provide both a private entity nor that this entity has a monopoly on this issue. In addition, the costs to serve this loan (interest) would be avoided and the state, or all of us, would the real autonomy of management of the country.
who fears that the state can somehow begin to print money out of size and out of control is a person who has no confidence in Stato.Sappiamo well that our politicians are in collusion with every imaginable interest (banks, oil, weapons, drugs, prostitution, etc. ..) but the question we must ask ourselves is very simple: Why
a politician should refuse the responsibility to create money for the people?
If he is honest there should be no problem since it will operate and the second ETHICS RULES fair and democratic. Only a dishonest politician, with a last glimmer of sincerity say, "No, look .. do not give me this printer in hand because I know myself and I print mountains of money for me and my friends! ".
Fortunately in this case the solution is simple: you thanked and sent home before the individual can do, by his own admission, terrible damage.
The last case is that the politician is actually dishonest .. But if it is dishonest because it should refuse such a wonderful opportunity?
Not for moral qualms in what we have said is that it is not already disonesto.Se (dishonest) would accept the printer immediately and would act as the much-vaunted and very private Governors of any central bank, which is recognized out of respect and wisdom from 'ordinary and known operate on the good of the community. Einaudi said: "The scarcity of gold has been replaced by the wisdom of the governor [of the Central Bank, author's note]" (sic).
So why not a thief steals? Perhaps because there is a big shot much more powerful than him? Perhaps there is an entity that does not want to give him the printer and ensure that money is created for the people (even at the risk of theft policies)? And this entity is more honest? If so must immediately give him any power, would know as well governed, certainly better than the above policy, or not? And if it was dishonest but because he has his hand in the printer and starving people doing living in a system of financial anemia? And this higher amount as dishonest, even more, if the politician who is not Fat Bankie ©?
It 'obvious that the politician does not want and CAN NOT' take the printer in the name of the people because the international private bankers will not allow it EVER.
elect people who are sponsored by the bankers and then never work with a view popular but always to the benefit of their real employer.
It 'true that only political will can reverse things to do this but need to be aware of a large portion of the population that is informed, aware and motivated to make a radical change THE POLITICAL SCENE.
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