News Commentary from Europe

The text analyzes the role of financial power in history, in particular its influence on political power from ancient Greece and Rome to the modern period. The author argues that banking power, through the creation and manipulation of money, has always played a fundamental role in the management and control of states, influencing the course of history and leading to the fall of empires and civiliz...

Lucy Komisar’s article in In These Times focuses on Clearstream, a Luxembourg-based clearing house that handles financial transactions for banks and multinational corporations. Komisar claims that Clearstream has a secret accounting system that allows its clients to hide money and evade taxes, while also facilitating money laundering and criminal activity. Ernest Backes, a former Clearstream offic...

WARNING: This is the apologetic version of the bankers who try to justify government bailouts of troubled banks... forgetting that seigniorage is not properly recorded in bank accounts. Paolo Zannoni's book "Money and Promises" tells the story of bank money from 12th-century Pisa to Bolshevik Russia. The author, "a financial expert," explores the evolution of the relationship between banks and sta...

Paper Summary: Transparency and Bank Profits This paper explores the issue of lack of transparency in bank balance sheets, particularly with regard to profits from money creation. The key issue is that bank money creation, through the issuance of loans, is not recorded as cash inflows on balance sheets. As a result, seigniorage, or the profit banks make from creating money, remains invisible. Key...

This article examines three competing theories of how banks work and whether they create money. The currently prevalent financial intermediation theory holds that banks collect deposits and lend them out, just like other nonbank financial intermediaries. The older fractional reserve theory holds that each individual bank is a financial intermediary without the power to create money, but the bankin...

This paper is a doctoral thesis that examines why bank cash flow balance sheets are not used, despite being required by international accounting standards. The study uses multiple methods, including analysis of accounting regulations, comment letters from bank practitioners, historical balance sheets of Scandinavian banks, and interviews with bank officials. The study concludes that bank cash flow...

THE TALLIES, A TANGLED TALE and THE BEGINNING AND THE ENDING The text is an essay in two parts, written by David Astle in 1997. The first part explores the history of the notch stick as a tool of state finance and accounting in England, from medieval times until its abolition in 1834. Astle argues that the notch stick was a debt-independent system of money creation that allowed the king to finance...

This book, The Babylonian Woe , explores how international monetary power, originating in the ancient cities of Mesopotamia, has influenced history, from Ancient Greece to the rise of the Roman Empire and up to the Russian Revolution. The author argues that private control of money creation, through the issuance of loans and the introduction of abstract forms of credit, has corrupted kingdoms and...

The book presents an extensive analysis of the secret group called the “Babylonian Brotherhood,” which David Icke believes controls the world. Icke claims that the Brotherhood is composed of descendants of a reptilian race, and that they manipulate society through mind control, satanic rituals, and the creation of institutions such as religions and political parties. The book provides a detailed a...

This article by Biagio Bossone analyzes the role of commercial banks as money creators in a money-producing economy. In particular, it focuses on the power of banks to extract rent in the form of "seigniorage." The article examines how the relative size of banks in the payment system combines with their ability to determine quantities and prices in the demand deposit market, giving them the power...

The episode is an excerpt from the book "Dissolving Illusions" by Suzanne Humphries and Roman Bystrianyk, which challenges the dominant narrative about the safety, necessity, and effectiveness of vaccinations. The book examines the history of infectious diseases and shows that public health advances, such as improved sanitation, nutrition, and living conditions, have contributed significantly to t...

Stuart Ritchie's book, "Science Fictions," analyzes the crisis of replicability in scientific research by exploring the problems that plague contemporary scientific literature. Ritchie addresses a range of issues, including scientific fraud, publication bias, study malpractice, and exaggeration of results. The book, filled with specific examples, highlights the need to reform scientific practices...

The book “The Wuhan Cover-Up” by Robert F. Kennedy Jr. claims that the COVID-19 virus was created in a laboratory at the Wuhan Institute of Virology (WIV) in China, and that the U.S. government, through the NIH and NIAID, was involved in gain-of-function (GOF) research to make viruses more transmissible and lethal. Kennedy Jr. also accuses the CIA of playing a major role in the development of biol...

According to Francis Boyle, several actors are involved in the development and spread of COVID-19. Most of these actors fall into two categories: the institutions that funded research on the virus and the scientists who conducted the research. Institutions ● National Institutes of Health (NIH): The NIH, under the direction of Francis Collins, funded the research that led to the development of COVI...

The text is an excerpt from the book "Tragedy and Hope" by Carroll Quigley, a work that traces a world history of civilizations with a unique perspective. The excerpt focuses on the cycles of growth and decline of civilizations, analyzing the causes that lead to their collapse, with particular attention to imperialist wars and class struggles. Quigley also explores the role of technology, industri...

This book by David Rogers Webb is an account of his experiences in the financial sector and an analysis of the maneuvers that, according to the author, the powers that be have been guilty of in order to take control of the global financial system. Webb argues that the process of dematerialization of securities, the invention of entitlement law and the expansion of collateral management operations...

The podcast explores an initiative of Italian citizens who oppose the clandestine creation of money by banks, arguing that banks should act as intermediaries instead of creating money. They propose an alternative payment method through the creation of scriptural euros via certified electronic mail (PEC) to avoid the use of bank money. The article analyzes the legal and historical motivations suppo...

The podcast discusses an in-depth critique of the mRNA COVID-19 vaccines, specifically those produced by Pfizer and Moderna. The text, composed of excerpts from "The Pfizer Papers" and related articles, presents scientific evidence suggesting that these vaccines may have serious and potentially fatal adverse effects, including myocarditis, thrombosis, infertility, and autoimmunity. The text argues...

The podcast features the story of Alessandro Maiorano, a former employee of the Municipality of Florence who became an informant and an "enemy" of the Florentine political system, especially Matteo Renzi. Maiorano's story is told as the subject of a potential film or TV series titled "The Bandit from Florence": the story is characterized by a series of accusations of corruption and embezzlement ag...

The podcast features a chat about an essay by Giacinto Auriti, a peasant jurist, who provides answers to five questions posed by Ezra Pound, the American poet, regarding the nature of money, credit, interest, usury and circulation. Auriti elaborates a new philosophical theory on the judgment of value "as a relationship between phases of time" that leads him to the discovery of the "induced value"...

The podcast discusses two documents: the first document is the protocol of a clinical study conducted by Pfizer and BioNTech to evaluate the safety, tolerability, immunogenicity and potential efficacy of RNA vaccines against COVID-19. The second document is a Supply Agreement between the European Commission and Pfizer for the supply of doses of the BNT162b2 vaccine to the member states of the Euro...

The podcast is about a referendum in Italy to repeal the Lorenzin law, which introduced mandatory vaccination for children. The promoters of the referendum argue that the law is based on insufficient scientific evidence and that there is no data to show that vaccines are actually more effective than an unvaccinated population. The lack of adequate studies and an informed public debate on the safet...