The directors of the Milan Club Ortona is the best for a 2009 full of success for you and your loved ones ... and that is a year in red and black colors! ... Win the tricolor!

Granbassi Mario died in Spain in 1939 while fighting alongside the fascist troops of Francisco Franco and against the democratic republicHe enlisted in the troops then the CTV (Corps volunteer troops), an acronym invented by Mussolini at the diplomatic level to protect . In fact, Fascist Italy joined the Pact of Non-Intervention (built on the proposal of Great Britain and France) that would prevent the participation of other States in the civil war in Spain.
"In principle, the creation of base money in a monopoly situation gives the possibility the central bank to obtain income (called seigniorage) as the difference between the revenues derived from the investment in financial and real assets and the (negligible) cost of production. Since these revenues are derived from the condition of privilege granted by the State, the profits are generally forfeited principally on the latter, in the form of taxes. One limitation to production, potentially unlimited monetary base is set by the objective of maintaining a relatively stable price level, given the direct relationship that historically was observed between inflation and money supply. "Ultimately it false claim that the seigniorage is the difference between the nominal value of the note and the costs of production, as suggested by the seigniorage as shown in the picture and description of this post to post (top right).
Bagliano and Marotta, Economics Monetary
Il Mulino, p.. 18
"The Ministry of Finance pays the Royal Canadian Mint that produces and distributes all the coins (metal) in Canada. The cost to produce a Canadian dollar is about 12 cents. Consequently, it produces a seigniorage income of about 88 cents to the Canadian government, for every dollar given to financial institutions at face value. "and paper money (printed by the Bank of Canada itself):
" Seigniorage is the difference between the interest derived from the portfolio of government securities and the cost to produce and distribute notes. Unlike the seigniorage on coins, banknotes generate seignorage for some years.Bank invests the money printed in the state's debt and does exactly what we do all of us when we buy BOT : as long as the money used to purchase food remains in the hands of the state, generates interest, then there will be credited when we collect the money.
Take, for example, a $ 20 bill, which is the most widespread. At an average interest rate of 5%, a 20 bill in circulation generates revenue for about $ 1 a year. The cost of production amounts to 6 cents for a period of about three years, which means a cost of 2 cents a year.
If you add the average cost of distribution of about 2 cents, the result is an average annual cost of about 4 cents to put in circulation and replace the worn bill.
The Bank of Canada will therefore receive a net income of about 96 cents for every $ 20 bill in circulation. "That is the
"Berlusconi has of course an ongoing process in Naples, on the preliminary hearing for corruption along with his friend Sacca, Director of Rai Fiction suspended, why? Why promised on the phone, bag, helps to his private business in exchange for the intake of girls that interested [...] in part to Berlusconi and partly to a mysterious senator Union a year ago, in exchange for the placement of the girls at RAI Fiction, at our expense , would have brought down the Prodi government.
It seems like yesterday wrote Republic (8.6 ed.), There are other calls on this even more delicious real criminal use of television paid for with public money. So what? We must ensure that they are out with a law that will save thousands of criminals to save one or two suspects. "
comment Alessandra BS - left at 16:1 27/5/2008
@ TO-Matrix As I commented a few months ago tifavo Berlusconi, did not understand why so many of his critics. Then I heard the story of Mangano and I started to inquire. The myth has collapsed. I feel cheated. It was worse than what I thought!
"electoral appeal. E 'with the vote necessary to beat the so-called Pole of Liberty.'s Not about left and right: democracy is at stake. Berlusconi said he wanted to reform the first part of the Constitution, which contains the values which underpin our society and that it would also be a law that would give Parliament the right to decide each year the priorities of the crimes to be pursued. Such laws make the judiciary to political power, thus reducing one of the pillars of the rule of law . Beyond that Berlusconi, who remains under investigation in Italy and abroad for various offenses, including one on the mafia, insults and try to delegitimize the courts in all ways, a fact not found in the world. But we really are a civilized country? Who thinks about their own economic affairs and its tax advantages governs badly: in the seven months of 1994 the Berlusconi government gave a disastrous test. The numerous conflicts of interest would create tremendous obstacles to his rule in Italy, and even more in Europe. The grand public works promised by the Polo should be at least partially financed with public debt, which would lead us out of Europe. To those who are disillusioned by the center, they think of not voting, we say: who abstains vote Berlusconi. A victory would undermine the very foundations of the Pole of democracy. "( Norberto Bobbio , Alessandro Galante Garrone , Pizzorusso Alessandro, Paolo Sylos Labini , March 2001)
"Italy Berlusconi of Italy is the worst I have ever seen. And to think that's bad in my Italie I've seen a lot of long life. Italy's march on Rome, vulgar and violent, but perhaps also inspired by high hopes. Italy, 25 July, Italy September 8, and also Italy Loreto animated by the desire for revenge. But the vulgarity, the baseness of this Italy here I had never seen nor heard. Berlusconism is truly the scum that goes up the shaft. (...) I'm not frightened rather I'm impressed again, as they had never been. Okay, I said, this also happens: a lot of pegs that are afloat, then go to the bottom. But now I'm really impressed, although my concern is mitigated by my registrar. They want, at my age to worry about the risks of the future is almost laughing. (...) It's strange: I had never taken part in the campaign of demonization: at best, described him as a clown, a puppet. But all these stories about Berlusconi mafia man left me very uncertain. Now, however, anything is possible. "( Indro Montanelli, interview with the Republic, March 26, 2001)