sabato 30 luglio 2011

An email sent to Bloomberg about the European Central Bank practices - (Italiano - Français)

Dear Elisa Martinuzzi and Alan Katz at Bloomberg,

I just read your article

Bloomberg Sues ECB to Force Disclosure of Greece Swaps

I want to point out that there are more ECB secrets worth investigating and that

need to be exposed in open view.

1) They don't want to tell how much euros are floating around by refusing to tell

the aggregate value of CREDIT LINES in Euro.

See here:

2) They conduct strange Open Market Operations for hundred millions euros

by buying toxic assets from mostly unkown companies, here is an Italian list of them:

3) We still don't know how much is the credit line offered to ECB by the Federal Reserve

to do their (ECB) bailout and rescue operations in Europe to both firms and states:

4) The European Court of Auditors refuses to investigate the criminal practice of the ECB

that put the FACE VALUE of irredeemable banknotes in the liabilities side of the balance

thus hiding that value from the profit side, evading taxation and evading returning this value

(seigniorage) to the EU member states: Irregolarità in ambito BCE/SEBC

5) More still unanswered questions have been exposed in EU and Italian Parliament:

Question for written answer to the Italian parliament:

Question for written answer to the EU Commission:

If you feel so, you can contact us for further information and/or an interview.

Kind regards,

Marco Saba

Italian Center for Monetary Studies

This open letter can be published freely everywhere.

UNMASKED ECONOMIST