Finally comes the reply to the parliamentary inquiry submitted by MEP Marco Scurria on the legal nature of ‘€ uro, and finally comes the confirmation: we are cheating. There have always cheated. First things first.
Marco Scurria asked for clarification on the answer given by the European Commission to the first parliamentary inquiry on the legal ownership of the euro presented by MP. Mario Borghezio, which said that during the issuing bank notes belong to the Eurosystem, while in the phase of the movement belong to the owner of the account on which they are charged.
Be careful because the words in official acts and in the techno-eurocratic language must be well weighed. So the commissioner Olli Rehn answered Borghezio that the ownership of paper notes (which are well imprinted in every language of EU the initials of the European Central Bank) is the Eurosystem.
But what is this Eurosystem?
“The Eurosystem comprises the ECB and the NCBs of those countries that have adopted the single currency. The Eurosystem and the ESCB will co-exist as long as there are EU Member States outside the euro area.” This is the definition that you read on the official website of the ECB.
So the national central banks print notes and take possession of their nominal value (eg whether to print a business card 100 has a physical cost for who coined by 0.20 cents – intrinsic value – NCBs are also appropriating of the value printed on the ticket).
Scurria asked what were the legal grounds on which it rested the statement of the Commissioner Olli Rehn:
Inquiry with written answer E-000302/2012
Marco Scurria (EPP)
Subject: Legal status of ownership of the euro
In response to a written question on the same subject submitted by Mr. Borghezio provided June 16, 2011, the Commission informs his colleague that “on issue euro banknotes belongs to the Eurosystem and, once issued, both banknotes and euro coins belongs to the owner of the account on which are charged as a result. ”
Can the Commission clarify the legal basis upon which is based this statement?
Comes the answer:
Answer by Olli Rehn
on behalf of the Commission
Article 128 of the Treaty on the Functioning of the European Union provides the legal basis for regulating the issue of banknotes and coins by the Eurosystem (consisting of the European Central Bank and national central banks). The properties of euro banknotes and coins after the issuance by the Eurosystem is governed by existing national legislation on transfer of banknotes and coins to the new owner, ie at the time of the charge of the bank or the exchange of banknotes or coins.
Olli Rehn reiterated that after the emission, ie after the physical creation of the notes or, more likely, the appearance of the figures in Eurosystem video terminals (totally at no cost, excluding the electricity that keeps the computers turned on … ) the ownership of the nominal value belongs to the new owner, or who has accepted the charge, who has agreed to borrow.
Not only. Olli Rehn, to justify the statement that responded to Borghezio that the Euro belongs in the phase of the issue to the Eurosystem, refers to Article 128 of the Treaty on the Functioning of the European Union, where in paragraph 1 we can read:
“The European Central Bank has the exclusive right to authorize the issuance of euro banknotes within the Union. The European Central Bank and national central banks may issue such banknotes. The banknotes issued by the European Central Bank and national central banks shall be the only legal tender banknotes in the EU.”
It ‘s clear. It does not say anywhere that the legal ownership of the euro issued belongs to the ECB or NCBs. There is only written that the ECB may authorize the issuance of euro itself and the NCBs, having to control inflation in the euro area, as established by the Treaty of Maastricht. It reiterates that the Eurosystem can only print the notes, or create the ratings electronically. But no legal reference, no treaty, no law, no resolution, nothing tells us that the Eurosystem has the right to charge money. It ‘obvious that appropriates this large and exclusive privilege.
What the professor Giacinto Auriti said, is finally confirmed by an official act of the European Commission: Central Banks in appropriating the value of money because they emit only charging, paying, and the pay is a unique quality of the owner. Auriti called this mechanism the “scam of seigniorage“.
No coincidence that the indomitable teacher at the University of Teramo had denounced the Bank of Italy (private institute in hand for 94% to commercial banks and banking foundations) for fraud, criminal association, usury, false accounting and incitement to suicide (severe plague of our times). In fact the coin, being the medium of exchange with which citizens are able to interact with each other giving rise to the market, or being able to exchange goods and services produced each other through their work, must belong only to those who work, or to the people. Whoever embezzles the value of money does nothing but exploit the labor of the people profiting from others’ labor and production asking that he be paid the interest on the loan. This is a huge distortion of our time, this is the Great Usury. And under the yoke of this evil plague, did all the peoples of Europe who now pay on their skin an induced systemic crisis, the daughter of a paradigm that from 1694 ( year of establishment of the first Central Bank, the Bank of England) has imposed on human life.
The mechanism of indebtedness of the states by private institutes such as the National Central Banks are present almost everywhere. The Federal Reserve coined in the U.S. dollar, the Bank of England coins in United Kingdom Pound, the Euro coins, the ECB. But as we’re concerned, there is an abysmal difference, which makes the system even more perverse: EU Member States can not receive credit directly from the ECB (which is the case in a direct and subordinated to other countries, and Ex United States where the Congress and the Fed orders them to print run), but must borrow in the market, the magic word with which we take the piss. In a nutshell it works like this: the ECB is creating money at will, to borrow from the commercial banks (Draghi has recently created an estimated 1000 billion dollars by lending to 1%), which can decide whether or not to buy so-called BOND, the debt titles (with rates ranging from 5 to 7%). It is not possible, then, for the countries of the EU to implement its own monetary policy, while not willing to accept the mechanism of government debt.
Everything is in the hands of the Great Usury. The lords of Goldman Sachs, the U.S. investment bank, sit on top of the big banks, Mario Draghi is the emblem. Now they have decided to run it even political institutions, Mario Monti and Papademos are the first bearers at the service of Goldman.
The policy is increasingly being called on the corner, a hostage of the financial system that monitors political parties, unions and media world.
The only solution we have is to inform as much as possible. These perverse mechanisms must be known by all, despite the boycott of the information system of the regime usurocratico. The effort has to be titanic, the will and determination not to bow to anything.
Good luck to us all