The Guest Blog

Marco Saba:

AUDIT the European Central Bank

While the euro monetary rent – hundreds of billion euros each year – is being masked in the ECB balance sheet (in the liabilities side instead of the assets side), we ask for a long due independent AUDIT of the European Central Bank.

Please, do sign the petition here:
http://www.petitiononline.com/auditecb/petition.html

A better way to account for fiat money at the Central Bank
Thomas (Cool) Colignatus, December 31 2005
http://leconomistamascherato.blogspot.com/2009/11/better-way-to-account-for-fiat-money-at.html

The EU seigniorage ticking time BOMB:
OLAF POLICE CAN’T INVESTIGATE THE ECB EURO-SEIGNIORAGE SCANDAL http://riflessioni-backbone.blogspot.com/2009/11/eu-seigniorage-ticking-time-bomb-eu-la.html

The case for auditing the ECB: seigniorage fraud on banknotes
http://leconomistamascherato.blogspot.com/2010/03/case-for-auditing-ecb-seigniorage-fraud.html

THE ‘FAKE LIABILITIES’ SCANDAL

“The solvency constraint of the Central Bank only requires that the present discounted value of its net non-monetary liabilities be non-positive in the long run. Its monetary liabilities are liabilities only in name, as they are irredeemable: the holder of base money cannot insist at any time on the redemption of a given amount of base money into anything else other than the same amount of itself (base money).”
From Willem H. Buiter (London School of Economics) at page 20:
“Seigniorage”, economics – The Open-Access, Open-Assessment E-Journal, 2007-10
http://www.economics-ejournal.org/economics/journalarticles/2007-10

AUDIT THE ECB ON FACEBOOK:
http://www.causes.com/causes/366875?recruiter_id=88643505

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