Cash & Credit – Avv. Marco della Luna, Italian lawyer

At any rate, I find that your observations and perplexity are logical and with good grounds.

Definitions and redefinitions ever play a key-role in the (psychological and juridicial) bank policy, like the discontinuation of data supply – see the recent case with the Fed and the M3 aggregate, if I well remember.

Access to real quantitative data comes to be more and more restricted – a necessary countermeasure to forestall terrorism and sedition, I suppose.

What is the aggregate € M0, after all? Who can ascertain the real amount of € notes printed and in/ ready for circulation, especially given that the printing is (at least in part) done in Malaysia and that the banknotes have no progressive numeration? How will the demand and supply mechanism work once the aggregate supply (of Euros) is uncertain or secret?

Democratically compliant citizens are supposed to contend themselves with the respective disclosable data and mediatically credited truths, in order for the world economy to be manageable in spite of all its unbalances.

Blatantly, in large parts of the world, the system is averse to the people having real money of their propriety (i.e. notes and coins) in their pockets and safes. The system growingly pushes people to avail themselves more and more of credits like credit cards, debit cards, bank accounts – please note the dramatic importance of being aware of the difference between money/property and credit.

If you have cash in your pocket, you have a degree of freedom, of independence: you find someone who takes your cash for his food or accommodation or fuel, and you can eat or sleep or travel – you can exert your human rights.

But if you only have a credit card, the bank can at any time without notice deprive you of all the services and commodities of life – can starve, freeze, isolate and stop you.

And because the banking system owns the state, government, by that I mean this corporate society, will easily tame dissent – especially when recession or unpopular reforms will create discontent.

More and more, the real power concentrates in the hands of those companies or trusts who acquire the monopoly of the supply of necessary good and services.

The archetype of this sort of monopolistic power is, of course, the central bank of emission, which had and has the monopoly of the money supply. Oil, raw materials, heating, transportation, communications, waste collection, electricity etc. follow this pattern. Formerly state-owned or town-owned monopolistic multi-utility companies are being privatised and of course are inclined to demand a monopolistic over-price for their services, thus exploiting the people.

Latterly, under the pretext of fighting fiscal evasion and money laundering, the left-wing, bank-manned Italian government has begun to introduce norms restricting cash payments and forcing people to pay via bank.

Once the people will be stripped of their cash, once cash is banished (by legal restrictions of its use and possession as well as by the practice of printing it without any possible control), there will be no more money but mere credits towards the banking systems, and seigniorage will have to be forcibly… re-defined.

Money will no more be created once for all, but its creation will have to be viewed as continuous – the banks will have to maintain its existence, just like some theologians state that the Creation of the universe is not to be understood as something that was done in the beginning (bereshit) only, but as God’s permanent activity. Amen.


About Sabine Kurjo McNeill

I'm a mathematician and system analyst formerly at CERN in Geneva and became an event organiser, software designer, independent web publisher and online promoter of Open Justice. My most significant scientific contribution is
This entry was posted in Money. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s