RE: Banca Italia chiarisce la natura della “moneta elettronica”: è carta igienica!
of the type of loan provided. Basically with a modest collection of your savings or through the ECB liquidity offers, to be set as a mandatory reserve, the Bank can literally flood the real economy with "I will pay" (technically electronic money), which we then accept as money real, with this operation these private subjects literally expand the circulating monetary base. I want the increase in the monetary base to be useful, especially at a time of great scarcity of money in the real economy, but I think that at this point in the article understand for yourself that here the problem is not economic but strictly political. A private person, with a similar power in hand, is able before influencing democracy and then completely overthrowing it. On the other hand, the Bank "creates from nothing" the capital and not the interests that therefore do not exist in the economy. So if no new loans are made to pay the interest on the previous ones, or these missing interests are not created by the Central Bank with new money (the state is now prohibited by law by the EU), we will be mathematically obliged to fail by delivering real assets to private individuals who, in exchange, do not have any, as you have read, given anything. Forget then to improve things in Italy and in the world by continuing to allow individuals to issue something that is in all respects analogous to money. The matrix of the crisis is all here, the credit must be under the total control of democracy, as its maximum expression.Today like yesterday who has control of the currency has control of the entire world.! [Auriti.webp] (https: / /cdn.steemitimages.com/DQmVWXRbS2TzvEYtnRsKHPrDGN2r5jVKDYu8q3dgwdbfYqH/auriti.webp)