Seigniorage is the difference between the nominal value of money, or what is written on it, and its actual cost of production. To understand what is behind the seigniorage, we make an example: print a 100-euro ticket costs about 30 euro cents (including paper and ink), well, this bill is then "leased" by the Central Bank to the State its nominal value, ie € 100 plus interest, this difference is the Seignorage to the Bank, which prints and issues the currency to 100 Euro, in practice, "gains" for each bill issued the beauty of € 99.70 while the State, again for each bill, s'indebita of € 100 plus interest.
This shows that the real crime was the double-breasted and tie and is called the Bank!
This shows that the real crime was the double-breasted and tie and is called the Bank!
And in addition to injury, insult: The state pays to the Central Bank "rent" of money with government bonds, and their interests further insult, in fact, Obviously, there are only circulating the money to pay the debt per se, but the money to pay the interest not yet been printed ... .. So the state will ask the Central Bank to print new banknotes ( that produce new debt and new interests) to pay the interest on previous debt, so borrowing disproportionately and continued against him.
And if the state to print money and keep the seigniorage? It's called monetary sovereignty, the right wing is ready to do battle so that all Italians are aware of the power criminal banks and put pressure on our cowardly rulers for the state regained their rights and an end is put permanently on the deception of the Banks.
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