Thursday, August 27, 2009

Elliptical - Infiniti By Eurosport St950

Welcome to the world, Nokia N900 and Maemo5

The new Nokia N900, powered by the 5 Maemo software platform Was Announced today.
Enjoy!



Thursday, August 20, 2009

Milena Velba Nadine Jansen Sauna

Both ado about nothing!

The reaction of the Italian press Agreement Switzerland / US UBS

The Italian press reaction to the heat of the agreement between Switzerland and the USA on the UBS story is a demonstration of the need to distort the meaning of events to suit the needs of cash State.

The media campaign to "push" the Italian taxpayer to accede to the 2009 Tax Shield also involves the publication of information and terrorist unfounded.

Excellent analysis Paul Bernasconi
the contrary is a model for objective analysis of the US / Switzerland presented the "Sole 24 Ore" by Paolo Bernasconi (photo ), a former Swiss public prosecutor, a lawyer, a leading expert in the financial sector ( link).

Bernasconi says that the agreement is simply a confirmation of the application of procedures under the tax treaty signed in 1996 by two countries: (full post here ... ...)

Toddlers Thirsty All The Time

What is the secret Swiss bank


The current state

The Swiss banking secrecy is a tool to support the protection of privacy. Perceived by citizens as a legitimate means to balance the power of the state, bank secrecy is deeply rooted in the consciousness of svizzeri.

La democrazia svizzera concepisce il rapporto tra Stato e cittadino a gerarchia rovesciata: lo svizzero fa parte del “popolo sovrano” e non è suddito dello Stato. In Svizzera, i cittadini non vivono per lo Stato, ma è lo Stato ad essere a disposizione dei cittadini. Lo Stato deve fornire al cittadino i mezzi per poter difendere quella che in Svizzera è definita “la sfera privata”.

La principale differenza tra la Svizzera e le altre nazioni democratiche è che l’ambito della sfera privata è allargato anche ai dati patrimoniali e d’affari. Il diritto alla privacy non difende solo le informazioni in relazione alla religione, ai gusti sessuali, alla fede politica del cittadino, but protects against unauthorized interference by the state or other persons.

The Swiss are horrified at the description of the possibility of a mid-level official of an agency of the Provincial Revenue has to know the data sheet of the taxpayer.
The average Swiss is chilled by the lack of sensitivity that led to the publication in Italian newspapers of lists "of the rich."

Swiss banking secrecy is not a "loophole" law to attract foreign investors and their capital in Swiss banks. It is an internal tool, created by the Swiss for the Swiss and strongly desired by the people.

In recent months, the secret bancario ha subito fortissimi attacchi da parte di Stati notevolmente più potenti della piccola Svizzera. La reazione degli svizzeri a questi attacchi è stata decisa, molto vigorosa, la percezione è stata quella di un attacco all’indipendenza del paese, alle sue abitudini democratiche, al rispetto delle prerogative del cittadino svizzero. Gli ambienti di destra hanno immediatamente lanciato una iniziativa popolare per difendere il segreto bancario. L’argomentazione principale è la difesa della patria dalle ingordigie dei paesi confinanti: Italia, Francia e Germania. Esaminando la locandina utilizzata, dalla destra politica, per propagandare la difesa del segreto bancario è facile percepire l’ansia dei settori economici che sarebbero affected by the end of the secret.
an initiative launched by the left in 1984, aiming at the abolition of banking secrecy was rejected by 73% of voters.
These data provide evidence that banking secrecy is part of the Swiss DNA.

A publication of the Swiss Federal is instructive in this regard:
"What is freedom? What does independence mean? And what have to do these two concepts with the Swiss banking secrecy and tax law? For many it may seem at first glance hard to find a link between these concepts. Yet this link exists. It lies in the basic perception of direct democracy, in state building bottom-up and interpretation
Swiss citizens' rights. The Swiss historian Herbert Lüthy found that the wealth of nations lies an appeal to human rights, an appeal to "a clear and simple system of natural liberty that allows each to pursue their own interests, to dispose of their way her work and what belongs to him, and go where he wants to carry on trade and to free the state from the tyrannical and impossible to assign a time of their activities to all its citizens, to monitor and guide them to an alleged Wellness - without even knowing it or meaning to the individuals they serve much better in freedom market '. This description expresses the liberal view of the Swiss. "
( Banking secrecy and international tax issues )

How not to get drawn to a concept of freedom as that expressed in these few lines?

Wording For Memorial Plaques

limits of Swiss banking secrecy



The current limits of banking secrecy

Switzerland protects the privacy of bank customers with a strong banking secrecy. The Law provides that the owner of bank secrecy is the customer. The bank is the custodian of information about assets and affairs of the client, which is the only person who can authorize the bank to disclose information to third parties.


The AML Law
to this basic rule are applied to certain exceptions. The anti-money laundering compliance requires the bank, in the case of strong suspicion that the customer makes the transaction, to disclose the customer data and its transactions with a government agency.

MROS , this is the name of the Federal Office of Communication on money laundering, it produces every year a report activities. From this report shows that over the past 10 years, Swiss banks have reported an average of 350 to MROS data reports, in 2008 the number of reports has reached 572.

What are the motives for financial intermediaries, including banks, to submit the data to the business relationship? The answer to this question is important, since the communication MROS can lead the bank's customer to have to explain the meaning of its banking transactions to a Swiss public prosecutor.


The motivation for communicate with the authorities against money laundering
During 2008 the ground covered in 26% of cases information from third parties, aware of details in relation to the customer and its activities, in 23% of cases, the information of the mass media, in 15% of cases direct request of the Swiss Attorney General, in 13% of cases the lack of clarity in the financial operations of the customer.

alleged crimes for which communication is enabled are: scam or fraud, including tax (39%), corruption (9%), breach of trust (8%), the proceeds of criminal activities (6%) proceeds from the drug trade (4%), lack of plausibility of the transaction (3%).


Other limits to the protection of banking secrecy
Under the provisions of civil law there are other limits on bank secrecy. These limits are given by the enforcement provisions of the bankruptcy and criminal law. Consequently, the protection offered by banking secrecy may be removed by order of a judge or supervisory authorities, such as the supervisory authority of the grant to investigate possible insider trading.


The exchange of banking information between tax authorities
This type of exchange of information is governed by bilateral tax treaties between two countries. The model for these conventions and standards as defined by the OECD. This model shows how very extensive exchange of information:
The exchange takes place directly between the tax authorities of both countries and can cover a wide range of different information.


Switzerland does not apply the OECD model of information exchange
Switzerland has signed about 70 agreements with many of these states. Unlike the OECD Model provides for Switzerland has opted for a minimum of information exchange, which has been accepted by other countries (including Italy). In practice, these agreements do not provide the exchange of information between tax authorities, this exchange can not take place because the information is protected by bank secrecy.

For example, the Convention against double taxation that Italy and Switzerland committed, still in force, stipulates in its article 27: "They can not be exchanged which would disclose any trade secrets, banking, industrial or professional or business methods."


limits of banking secrecy
Objectively Swiss banking secrecy does not serve to hide the funds of criminal origin.
can serve to hide the proceeds of tax evasion. Of course, only if the taxpayer does not unfaithful is guilty of such crimes as tax evasion or tax fraud.

The non-declaration or tax evasion are not crimes for which the Swiss banking secrecy is lifted, so the money of Italian tax evaders can be safely deposited in Swiss banks, so far.

is possible that in future, the Convention against double taxation that links Italy and Switzerland can be changed. In this case it is possible that a further opening in the Italian banking secrecy may serve the Administration for exposing their infidel taxpayers. But this is music of a remote future, perhaps.


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Friday, August 14, 2009

What Tablet Does Terkoiz Use



The seigniorage explained by Beppe Grillo


Benetazzo Eugene says the seigniorage


Video of John Sandi on seigniorage


what it says Tremonti on seigniorage


L'onorevole Buontempo parla di "SIGNORAGGIO"


Di Pietro parla di "SIGNORAGGIO"


Controlla il debito e controllerai il mondo!!!!

Is There A No Suction Bath Mat

SIGNORAGGIO

beginning to understand well what it is. It all starts July 27, 1694, when Mason and London banker " William Paterson " with some of the brothers founded the first central bank in the world: the Old Lady of Threadneedle Street , better known as Bank of England. This is not the first bank ever, because already in 1163 in Venice, there was a fruitful private Monte created to facilitate trade, not to mention the Banco di San Giorgio in Genoa in 1407, the first real public bank in Europe. The Bank of England, however, is the first central bank in the world. Why is this important to the bank? Gladly answer, but I give the word to "Karl Marx", who in his book "The Capital", denounces in no uncertain terms that, since birth, major banks have not been other companies that private speculators who joins the government and, thanks to the privileges obtained were able to anticipate their money. The accumulation of public debt has no more infallible measure of the gradual rise of the shares in these banks. As early as 1867 (year of publication of 1000 copies of his book) was a clear link between public debt and banks. This is the first interesting fact. That's why 27 July 1694 will be a symbolic date for us is very important because, rightly or wrongly, begins the elusive "Monetary Seigniorage." Prima però di spiegare cos'è questo Signoraggio, ricordo che il modello della Bank of England fu esportato e copiato in ogni paese (in Francia il 18 gennaio 1800 grazie al fratello Bonaparte e in Germania il 10 marzo 1870, nel 1913 in America con la Federal Reserve Bank per opera dei massoni Warburg, Rockefeller e Rothschild). Come oggi un manipolo di persone esporta la democrazia per strategie geopolitiche, 315 anni fa un manipolo di banchieri massoni ha inventato ed esportato un sistema monetario basato sul debito, per strategie socio-politiche: tenere incatenate e soggiogate centinaia di milioni di persone.
Signoraggio monetario.
Cos'è il Signoraggio monetario? Ufficialmente non esiste. Nessuno ne parla. Eppure è un qualcosa che sta facendo sprofondare l'intero pianeta nel debito, giorno dopo giorno, inesorabilmente. Quante volte abbiamo sentito parlare di debito pubblico, commerciale, di debito dei paesi in via di sviluppo, ecc. Ma debito nei confronti di chi?
Cosa lo provoca? E soprattutto: cos'è questo Signoraggio? Il Signoraggio è la differenza tra il valore nominale della moneta e il suo costo di produzione. La moneta, come ogni bene tangibile, ha un suo costo di produzione: per le banconote pensate a carta e inchiostri; per le monete di metallo pensate alle leghe. Ma nonostante ciò, la stampa e quindi l'emissione di moneta costa pochissimo. "(A questo punto voglio ricordare, che fino al 1971, the bank issues money only and I say only if they had a reserve of gold. What does this mean? That for every $ 1000 issued by the bank, it had to have gold as a deposit for a value of $ 1000. So the banks without reserve of precious metal, they could not make money. Instead August 15, 1971, Richard Nixon eliminated the convertibility of currencies into gold, burying forever Bretton Woods agreements of 1944 . So the money issue for almost forty years no longer need an equivalent in precious metals - gold, silver or copper -).
Issue of money.
The central bank issues money from scratch, without reserve. Let us take a numerical example: print a ticket costs € 500, more or less, 5 euro cents (including paper and ink)! Nonsense, right? Well this bill, which costs only € 0.05, is "rented" to the States at face value, ie € 500! This difference is seigniorage! The private company that prints and issues the currency in circulation "gains" for each bill issued the beauty of € 499.05 (minus printing costs) and the State, again for each bill, s'indebita of 500 €! Do you know the name of this private company s'incamera seigniorage? Central Bank. To be precise, the rule that costs even more money because of the "discount rate" (ie the cost of money between central bank and local bank) which is currently 2%. So the € 500 note, the rule costs the beauty of 500 € + 2 € (at the rate of 2%) and then € 502! Are we or are not the madness? The state pays to the Central Bank (ECB and spa company, and private) the rent of this money with government bonds, and therefore s'indebita disproportionately and continued against him. This debt we pay our taxes. The State ultimately monetarised its debt and this debt will continue to grow day after day, year after year. No one with such a system can never just think of out of debt, imagine the countries in the developing world. Imagine for a moment, and if it were the state to print money and keep the seigniorage? There are fewer and lower taxes. A society where people work without killing to survive as it is today? Utopia? For some yes, for me is called monetary sovereignty, that they took a long time, that is, at least away from that July 27, 1694. Someone once tried to regain possession of the Sovereign, but it cost him a lot.
Executive Order 11110 of John F. Kennedy.
On June 4, 1963, U.S. President "John F. Kennedy " with Executive Order 11110 , ordered the issuance by the Treasury - thus the state - more than $ 4 billion of the time with notes that bore the inscription "United States Note" (State of tickets in circulation citizens) instead of "Federal Reserve " (business of the Fed, the Central Bank in private practice). Kennedy prevented the Federal Reserve to lend money on interest to the U.S. government, dangerously playing with fire, challenging the power of the Bank, in fact, November 22, ie after a few months, was assassinated in Dallas, symbol of "money" and "eleventh "seat of the twelve Fed! You know what was the first thing he did his successor, Lyndon Johnson? Immediately withdrew from the movement of those dollars, "people" and replacing them with those "private" Federal Reserve!
The famous stock market crash of 1929 was organized by an elite of bankers belonging to the Federal Reserve. Between 1921 and 1929, the Fed greatly increased the money supply in circulation and there was a growth of loans to businesses, individuals and other banks. In addition he introduced the "margin loan", which allows the investor to purchase a title to 10% of the original price, while the remaining 90% was covered by a broker, the broker. The scam was based on the fact that the loan could be withdrawn at any time and must be paid within 24 hours. The call for additional margin almost always forced to sell the securities purchased on credit. Shortly before 24 October 1929, made history as the "Black Thursday", and Bernhard JDRockefeller Barack coming off the market without notice, and so the bankers "outsiders" who had lent them retreated to the sidelines on a national scale. This triggered a chain reaction: the sale of securities to pay off debts, levies, collapse of 16,000 banks and the possibility for the conspirators of the Fed to buy at bargain prices rivals thousands of banks failed. What's more, the Fed increased the money supply but declined, causing more grande depressione americana.
I banchieri della Fed, dopo aver ridotto in ginocchio il popolo americano, decisero di abolire il Gold Standard , ma per farlo dovettero rastrellare tutto l’oro in circolazione. Così, nel 1933, con il pretesto della soluzione alla grande Depressione, diedero il via alla confisca dell’oro sotto minaccia di una pena di 10 anni di galera per chi si fosse rifiutato di cederlo al Tesoro dello Stato. Il Gold Standard fu liquidato nello stesso anno e il Dollaro Usa non fu più convertibile in oro, basta leggere la scritta sulle banconote pre-1933 “convertibile in oro” e la scritta di adesso “moneta a corso legale” per accorgersene anche senza studiarne i dettagli. Perciò the only thing that assigns a value to the dollar, euro and so on, is the amount of money issued by central banks, which control the purchasing power or inflation.
European Central Bank.
In our country, monetary sovereignty (the power of those who print and issue currency) and then the seigniorage, is in the hands of European Central Bank (ECB) in Frankfurt. The ECB, private, established by the Treaty of Maastricht, is a bank formed by the central banks of 15 countries including the founding members of our Bank of Italy (based in the Cayman Islands). But not everyone knows that the central banks are for the most part private banks. Bank of Italy, for example, is controlled by Intesa (proprietress of 27.2%), San Paolo IMI (17.23%), Capitalia (11.15%), Uni-credit (10.97%), General (6.33%), Monte dei Paschi (2.50%), RAS \u200b\u200b(1.33%) , INPS (5%), Carige (3.96%), BNL (2.83%), The Fondiaria (2%), Premafin (2%), Cassa di Risparmio di Firenze (1.85%), and 5.65% of remaining anonymous. Only the first three groups control more than 55% of the Italian Central Bank, and the absurd thing is that the central bank should monitor commercial banks, that their members. How is it possible? The controller that controls himself! It is now clear for it have been avoided, and not even be in the future, financial scandals and crack. So the ECB is a private bank, since it is made by private banks, but unlike the others is the only private by law may issue currency in Europe. According to Article 2 of Chapter 105A of the Policy monetary policy 'of the Maastricht Treaty: "The ECB has the exclusive right to authorize the issuance of banknotes within the Community." European seigniorage is therefore the responsibility of the ECB, which then distributes it to private shareholders in proportion to the percentage of responsibility.
The list of members of the ECB.
Mario Draghi & C. now take 14.57% of seigniorage European and 92% of the national seigniorage (8% remains at the ECB).
Here is the list of members with their percentages:
Bank of Belgium (2.83%);
Bank Denmark (1.72%);
Bank of Germany (23.40%);
Bank of Greece (2.16%);
Bank of Spain (8.78%);
Bank of France (16.52% )
Bank of Ireland (1.03%);
Bank of Italy (14.57%);
Bank Luxembourg (0.17%);
Bank of Netherlands ( 4.43%);
Bank of Austria (2.30%);
Bank of Portugal (2.01%);
Bank of Finland (1.43%);
Bank Sweden (2.66%);
Bank of England (15.98%)
I would not complicate the picture, but it is a must clarify that there are three different types of seigniorage, the same mechanism but different in that subject if the pockets.
seigniorage just seen on paper currency through the work of the ECB is the colossal theft by definition, then there is the seigniorage on coins, which is the only state that as it goes to the Treasury, and finally the-money scriptural, created the virtual banks, which remains in commercial banks. Apart from the seigniorage on the coinage, which is lower in value than, the fraud on the virtual currency of commercial banks is even more complex. In this Seigniorage is the case, the face value (although in this case is not real money) of all money paid by the banking system in the form of credit (bank account, etc..) net of the cost of production of (absolutely invalid: simple typing on a computer or writing to a register). Obviously I'm not joking when I talk about money created from nothing, and now I will explain with another example. When a person goes to a local bank with a deposit of 100 € in cash, a bank with € 100 these "real" is able to provide well € 5000 "virtual". This alchemy has a precise name: "fractional credit," and is multiplication operation permitted and authorized by the so-called "reserve bank, whose value is determined, as it happens, by the Central Bank. In practice, this "reserve" is a rate that indicates the minimum amount of money that banks must keep physically into the coffers, just as a reserve. Today, the 'rate of reserve "is 2%. The bank then immediately put in" reserve "the 100 € that are real, and automatically (in the coffers having these 100 €) the law allows her to 'create' 5000! 2% of 5000 is € just 100 €. If you do not believe, come to an agreement with the depositors of a bank and go back all the money the same day ... The banks have physically about one-fiftieth of the money that move. arises a question: € 100 deposit if the bank creates real and 5000, where they jump out of the € 4900? Alas this money, that does not and can not exist in reality, deprives wealth to the country in a vicious circle vicious and harmful. The vast majority of money in the form of book money, then of virtual currency, and therefore monetary debt. Understand what the mother of all evils? What you have just read is the biggest secret and hidden, perhaps the largest and most massive fraud perpetrated at our expense for three centuries.
What can we do?
That said, we ordinary citizens and consumers under the Pyramid of Power, What can we do? Meanwhile, aware of the functioning of a monetary system and a seigniorage through which the powerful banking cartel is deliberately plunging the planet into an economic abyss scary. Which is more effective control of the impoverished masses? This is an establishment so powerful that no one, and I mean nobody, goes against publicly denounced the whole world. Apart from exceptional people, unknown to most people, like Professor " Giacinto Auriti (promoter of alternative currency Simec ), where the champions of justice? Those who have made themselves champions of the TV rights of citizens? It's easy to criticize a company or a bank that behaves badly, because people care, etc.., much more difficult is to report a monetary system that is bankrupting the entire planet. Why no newspaper, no TV talking about it, we break the balls with the talk-show, with the reality of these things but nobody talks about it. Our country should be master of his own nonet, and the people that gives value to money, is not whether to borrow with interest from a private company that creates them from nothing, and inammssibile. Although it must be said that the country today (masters) of its currency, because they, ie the state of print and issue currency, are then sabotage the rest of the community. I'm almost 40 years with pressure and boycott Cuba because printing money for themselves. Therefore it is difficult for a country goes against the system manetario. It difficult for a politician to take forward such a speech in parliament. We must inform you that the people do not stop reading this blog, look for more on this topic on the Internet.
What is inflation!
There are many illuminari economy (at least that call themselves) who say that print their own currency would increase inflation! But what is inflation. The term "inflation" refers to the phenomenon of continuous and widespread of all prices. This occurs when the demand for goods and services is in excess of the resources of the economic system (supply). Global demand is therefore in excess of the capacity of the system. For example, if people get an increase in income, demanding a greater quantity of goods and services. If you can not increase supply in equal quantities, prices tend to rise. Consumers will compete with each other to grab the few goods in circulation and thus lead to higher prices. Let's take an example, imagine that George the gardener goes to the local market to sell his potatoes. The experience of the past weeks knows that fixing the price at € 2 per kg will be able to sell all the 15 kg of potatoes has brought with him. In the square there are Anna, Beatrice and Carla, who fell to shop: each has decided to allocate € 10 dall'ortolano purchase of potatoes. Skip first Anna and buys 5 kg, then Beatrice does the same and finally, late in the morning is the turn of Carla, who buys the last 5 kg. The following week the price of potatoes is always 2 € but in the meantime something happened. Anna has in fact married a talented forger, and now can devote to potatoes € 20, including 10 false. Opening of the market buys Anna just 10 pounds of potatoes and leaves. When Beatrice arrived shortly after and buy the last 5 pounds George is now with more merchandise. We are only halfway morning and the potatoes have already been sold out: there is nothing left for Carla, who returns home empty-handed. In the days following George thinks to himself: "Because I can not bring to the market more than 15 pounds of potatoes and since I have a 2 € sold all at once, I might try to raise the price!" Said and done . The next week the price of potatoes is 2 € and fifty pound. As usual Anna passes with its 20 euro, which now can only buy 8 kg of potatoes, followed by Beatrice and Carla, which are divided in half the last 7 pounds, paying 8 euro and 75 cents apiece. George the gardener if he goes home with € 37.5, half past seven in most of the previous week. What this tells us little anecdote example? - The first to receive new money to increase their income at the expense of the money does not get it: Anna is able initially to purchase the products at the "old money" and even after the 'A price adjustment may buy more potatoes than he could do at the start (+3 kg), all at the expense of Carl and Beatrice (-1.5 kg each) .- The price increases following an increase in demand , George does not increase the price of potatoes because it is a bad seller and speculators but does so in response to increased demand triggered by the ten potato € fake Anna. We are always in the market and this time we deal with Dario the butcher. Anna is a vegetarian, and Beatrice Carla spend € 10 every week to buy the thread and end of the day George the gardener spends one third of its revenue (10 €) to purchase meat. Imagine that the first week the price of meat is 10 € per kg and that Dario has in store 3 pounds of meat, which are all sold. For three weeks, everything continues as before until the evening of the fourth week, when George comes into the store with 13 €, three more (he received 37.5) and would like to buy meat but is not there. What will happen next week at the price of meat? Dario increase it to 11 € per kilogram! Over time, as that the new currency "circulating" in the economy, there are adjustments in the prices of all goods. This increase in prices and inflation.
we can do is cry!
So now we see two cases.
First hypothesis: in a country where everything works, everyone has a job satisfactorily, with a good income. There is no unemployment, taxes are few, low, and even retirees are doing well (what if it happened really nice). A country where there is uncertainty about the future. So happen that people spend, spins the money, rising inflation and behold! But as the mo things are fine salt inflation!
Second hypothesis: in a country where nothing works, with a continuing loss of jobs, increased taxes, loss of purchase power of salaries, with a lot of uncertainty about the future. In this case, people are afraid and do not spend more money does not circulate, and that is that inflation goes down (the demand for goods and services falls). But then we will not ever good! If to keep down the cost of living should not spend (money does not circulate), we realize that the global monetary system there is something wrong.

Bath Towels With Cats

THE FRAUD OF THE PUBLIC DEBT

We hear often of the so-called "debt", but what is the national debt! As reported in the supplement to the statistical bulletin of Bankitalia public financing, and debt needs' public debt rose to 1.8127 trillion. The government made it known that every Italian citizen has a debt with the state about € 30,000, but you can! Institutions, politicians, trade unions say that taxes can not be reduced that much, can not be tax-free salaries and overtime, because with a debt so the country can afford. Public debt and a real obstacle to any economic recovery. But it is real thing!
Since the early 90's the top priority of our country's fiscal policy has been to reduce the public debt accumulated in the past. For this purpose it is done over the years to counter-deep structure of all major areas of social spending, (from health, social security, from assistance to school) that have reduced strongly the level of social protection for citizens. Also, with a gigantic project of privatization and restructuring, the state has progressively dismantled its presence in the productive sectors. Finally, the programs have been drastically reduced public investment in construction of infrastructure, technology in the modernization of public administration, environmental regeneration of the area, in the development policies of the South. The staff employed by the public administration has undergone a dramatic weight loss. Today, even more than ever, the priority of economic policy remains that of reducing the public debt. But what is this debt!
What is debt?
begin to explain that if there is a debt, there is also a credit. Who are the debtors? And who the creditors? For public debt includes the debt of the state against other persons, individuals, enterprises, banks, or foreign persons, who have signed bonds (such as BOT and CCT) to cover the financial gap state. Year after year, always close the state budget with a deficit, or revenue (mainly tax) always pass the outputs (government spending), the fine is to be realized an untenable situation, the same as that of an individual who routinely spends more than they earn and is therefore forced to borrow a spiral mechanism. The presence of a deficit can be attributed usually to excess spending, which in turn caused by unexpected or extraordinary expenses, such as war or natural disaster, or from excessive spending exceeds income, dictated by specific economic policies in support of demand from policy choices aimed at creating and maintaining the political consensus, the inability or unwillingness to reduce unnecessary costs. For the same reasons, the deficit can then also be attributed to weak fiscal policies, leading to less money in state coffers to the extent necessary to cover the costs of public administration. Take an example. Take a family da padre, madre e due figli. Il capo famiglia ha un lavoro con un reddito di 1.500 euro al mese. L'intera famiglia dovrà vivere ogni mese con i 1.500 euro. Se c'è la fanno, hanno saputo amministrare bene quella somma di denaro, quindi non avranno debito con nessuno, non saranno costretti a chiedere un mutuo alla banca o ad altri soggetti. Se invece la famiglia spende più di 1.500 euro al mese, essi saranno costretti a cercare i soldi mancanti da un'altra parte. Se li dovranno far prestare da qualcuno, (la banca), quindi hanno fatto un debito. Loro saranno debitori della banca, mentre la banca sarà creditrice di quella famiglia. Lo stesso avviene con lo stato italiano. Ogni anno, negli ultimi 40 anni, lo stato ha speso molto più di quello he could earn (income tax), and here to get new money issued (still does) " Bonds . Citizens who make great sacrifices with some money, then deposit them sottoscivendo bonds (BOTs and CCTs). The state with the money covering the hole that you created, but that money of the people, sooner or later the end of the "Title", the state will have to return them, and with interest. Here you created the debt, that money with interest, came to about 1.7504 trillion euro.
considerations.
At this point I want to make some considerations. Who ruled in the past 40 years, has not been able to do, making bad choices. The most Italian political parties have been eaten in Italy, (see Tangentopoli ). Pultroppo and above all our fault, we were the Italians to put those people in government, with the vote. Even today the people are very ignorant about politics, does not understand anything about politics, not about politics, do not inform policy.
is also true that the state spends more than quadagni with taxes, but how much money should fall into the pockets of the state do not fall for tax evasion. How many Italians still do not pay taxes. The concept of tax avoidance include all those methods to reduce or eliminate the levy tax through the violation of specific tax rules. Typically occurs through sales transactions made without the issue of the invoice or receipt voucher (so-called sales "black"), with a resulting loss in tax declaration and payment of tax. There is also a much more serious variant of evasion, tax fraud, which occurs with sophisticated mechanisms that create an appearance of regularity, beneath which lurks, however, evasion, making it more difficult work of finding that 'financial administration. A typical instrument is the inclusion of tax fraud in the accounts of false invoices to reduce the tax base. There are many tasks in Italy, many professionals, who earn hundreds and thousands of euro per year, and then we say less than half. Pay for all to pay less / pay less to pay them all ricordiamocelo. If the pagassimo all taxes would be less, much less, but there are so many morons who think they are smarter than others, not paying them, putting everything back. There seems right!
money issuance.
return to government debt, but I'm thinking because the Italian state instead of issuing government bonds does not give money! Why instead of printing government bonds does not print money! Why borrow from individuals, companies, foreign countries, banks, when they know they will still have to repay that money with interest. Why not issue banknotes? Would not it be more convenient for the Italian state! No Title of State or no debt. For information
tell you that the Italian state, as all states of the European Communities issue their own currency (I mean money) that is not mettallo paper. The mint state coins coins 1-2-5-10-20-50 cents and € 1-2, while the paper lies with the European Central Bank, the ECB. Why does this happen? Who gains? Have you ever heard of seigniorage. Be very careful now that I explain the biggest fraud in history, the "Banking Seigniorage."

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by Anthony Liguori
"It 's good that the public does not understand the operation of our banking and monetary system, because if you happen to think that triggered a revolution before tomorrow morning." ( Henry Ford)