Overflight, 150

The Bank of England was horrified to learn that America did find out the secret of money. The Bank threw all its influence in to have a law passed, the "Currency act of 1764". That law precluded the colonies' issuance of money, outlawing it. The ghost of poverty overrun the colonies and revolution broke out. As to exceeding the fateful threshold of 50% of revenues to serve the public debt of pre−revolutionary France, one need only remember that Italy in 2008 alone paid a good 307 billions euro (53% of revenue). To give an exmple of what may happen in Italy today, one can refer to how Argentina solved the problem over the period 2001−2003: a widespread inception of local moneys issued by private bodies, districts and municipalities, occupations and self−management of factories. How can the unions try to protect the workers from the consequences of the current crisis and take advantage from the system? The mechanism of unions acquiring shareholdings of businesses alone – through pension funds – is not sufficient, and highlighted the risk of cannibalism among workers precisely for the high cost of subjugation of businesses to the interests of the banking system. A banking system that does not redistribute to society but only to its business partners (the monetary income is concealed in the balance sheets and turns out to be tax−exempt). The ultimate test lies in this simple observation: in the last 30−40 years the production capacity has increased tenfold, but the purchasing power of wages halved at the very least. Where did the difference of value end up?”
Marco Saba, Moneta Nostra (Our Money, author’s note)

“As I'm Catholic, and I always deal with Catholics, I say: go and read the encyclical of Pope Benedict XIV, it's called Vix Pervenit, and it tells you, again: any lending at interest is usurious in nature, even though it was a poor lending to a rich, even though the borrower draws substantial profits. The only way to draw anything from money is going into business with the borrower. In that case you can have more, but that more goes with the enterprise risk. If you bring up interest instead, then the world laughed; today, it doesn't laugh any more. Interest is devastating; mental zero rate must be our course of action.”
Giovanni Lazzaretti