thx, hier in englisch

verfasst von Citrus, 11.11.2000, 13:14

Danke werde mal lesen.
Habe jetzt schon rausgesucht, was ich dazu hatte und stell es trotzdem mal rein:-))

WSJ October 6, 2000

Conspiracy Theory Gains Currency,
Thanks to Town's Professor Auriti

By YAROSLAV TROFIMOV
Staff Reporter of THE WALL STREET JOURNAL

                   GUARDIAGRELE, Italy -- From her perch below a poster
that depicts a miracle of Christian faith, Sandra Iannamico is
performing a little wonder of her own. She is doubling  people's money.

                   One by one, each of the half-dozen clients lined up
at her table in the courtyard of a 15th-century palazzo steps up and
surrenders a handful of Italian lire. In return, Ms. Iannamico gives
them a multicolored sheaf of a new currency called the simec, at an
exchange rate of 1-to-1.

                   In most places, the simec wouldn't be worth the paper
it's printed on. But in the bustling shoe store next door, and at about
40 other merchants in this mountaintop town of 12,000 overlooking
Italy's Adriatic coast, one simec can buy two lire's  worth of goods.

                   The simec, whose name is the Italian acronym for
"econometric symbol of inducted value," is the brainchild of Giacinto
Auriti, a wealthy local academic.   This past summer, the 76-year-old
retired law professor spent much of his fortune to finance the simec in
an effort to prove his eccentric theory about money and a vast banking
conspiracy. So far, his experiment has produced a frenzy of consumption
in Guardiagrele, a rupture in the local business community, a rebuke
from the Bank of Italy and a legal victory for Prof. Auriti, who hopes
to convince the world that central bankers are the biggest con artists
in modern history.

                   His main thesis: For centuries, central banks have
been robbing the common man by the way they put new money in
circulation. Rather than divide the new cash among the people, they lend
it through the banking system, at interest.  This practice, he argues,
makes the central banks the money's owners and makes everyone else their
debtors. He goes on to conclude that this debt-based money has roughly
half the purchasing power it would have if it were issued directly to
the populace, free.

                   Initially, Prof. Auriti tried to challenge his own
nation's monetary policy through the courts. But Italian judges have
thwarted his efforts to sue both Bank of Italy Gov. Antonio Fazio and
former Gov. Carlo Azeglio Ciampi for alleged fraud and a slew of other
offenses, including incitement to suicide.
                   So, Prof. Auriti conceived another way to make his
case.

                   First, he hired a printer to produce several boxes
full of simecs, each emblazoned with a hologram and the image of an
eagle. Each bill -- violet, green or mocha, depending on the
denomination -- carries a statement that identifies it as the property
of the bearer.

                   Then, Prof. Auriti, who often sports a bulging money
belt, made the rounds of Guardiagrele's 400 shop owners. Most refused to
accept his simec. But he persuaded about 40 to participate in his
experiment, assuring them he would redeem each simec for two lire.

                   On a sunny July morning, Prof. Auriti, the scion of
one of Guardiagrele's oldest and richest families, and a few volunteers,
like Ms. Iannamico, threw open the heavy gates of the professor's
palazzo and put the first simecs into circulation.

                   Soon, Guardiagrelians were lined up across the street
at a Banco di Napoli cash machine to withdraw lire and trade them in for
simecs. By 11 a.m. the first day, about $1,000 worth of  lire had
changed hands. The daily volume eventually reached $40,000 or more,
volunteers say.

                   Armed with their simecs, the townsfolk -- and later
their neighbors elsewhere in central Italy's Abruzzo region -- stormed
participating stores to snap up smoked prosciutto, designer shoes and
other goods at just half the lire price."At first, people thought this
can't be true, there must be a rip-off hidden somewhere," says Antonella
Di Cocco, a guide at a local museum."But once people realized that the
shopkeepers were the only ones taking the risk, they just ran to buy all
these extravagant things they never really needed." Often, they raided
their savings accounts in the process.

                   The participating shopkeepers, some of whom barely
eked out a living before the simec bonanza, couldn't have been happier. 
"Every day was Christmas," Pietro Ricci recalls from behind the counter
of his cavernous haberdashery.

                   Neither Mr. Ricci nor his fellow merchants were stuck
with their simecs for long. Once a week, they turned them in to Prof.
Auriti, recouping the full price of their goods.

                  "We doubled the money in people's pockets, injecting
blood into a lifeless body," says Prof. Auriti."People were so happy,
they thought they were dreaming."

                   Nonparticipating stores, meanwhile, remained empty
week after week."I have to pay my suppliers once every 10 days --  and,
I'm afraid, they don't take the professor's paper," explains Febo Di
Crescenzo, as reggae music blares from his clothing store.

                   The competing interests split the town's merchants'
association in two, prompting its pro-simec chairman to resign. As
tensions peaked in early August, the nonparticipating merchants and the
town's mayor, Franco Caramanico, asked local magistrates to intervene
with a ruling on whether Prof. Auriti's currency issue was legal.

                   Meanwhile, the professor was beginning to have
financial troubles of his own as he redeemed mounting numbers of  simecs
for twice the sum in lire at which he had sold them, though Prof. Auriti
won't disclose exactly how much money he lost.

                   The pro-simec store owners, too, were feeling a
pinch. Instead of accepting 1,000 simecs for an item that cost 2,000
lire (90 cents), participating merchants began charging 1,000 lire plus
500 simecs, to keep enough lire on hand to pay their creditors.   That
cut shoppers' simec discount to 25% from 50%.  Merchants who weren't
participating were still upset, and some loudly demanded damages from
the professor.

                   By mid-August, says the professor, a total of about
2.5 billion  simecs had circulated. That's when local magistrates called
in Italy's Finance Guard, a militarized police force that deals with
such crimes as smuggling and tax fraud. More than a hundred guardsmen
invaded the town, carting off boxloads of simecs  and prompting protests
from an angered citizenry.

                   For a time, the saga appeared to be over. But after a
brief investigation, a local court in Chieti found that Prof. Auriti had
done nothing illegal and ordered the simecs returned. Although local
prosecutors are preparing to appeal the decision to a higher court,
Prof. Auriti and his supporters rushed to relaunch the simec last
weekend.

                   This time around, however, the currency will be
managed by a committee made up mostly of local merchants. Although the
professor heads the committee, he is no longer putting his own money
into the venture."Now, we'll only use the lire already in the simec
till to redeem the simecs we receive from customers," says Giovanni Di
Canio, a jeweler.

                   He is sure there will be enough lire, if only because
numismatists from all over Italy have descended on Guardiagrele to buy
simecs for their collections. Mr. Di Canio says one collector just
bought two thousand 1,000-simec bills, none of which are likely to be
spent.

                   Maria Teresa Sciubba, a dishwasher in a local
restaurant, bought her simecs for more prosaic reasons. The"simec 
makes me feel rich," she says as she shops in an upscale boutique on
Guardiagrele's main street."Before this, I could only afford
low-quality clothes -- nothing like the designer stuff I'm buying now."

                   But the Bank of Italy isn't amused. In a stern
statement released last month, the central bank reminded Italians that
the"collection of funds among the public, emission and management of
means of payment are, in the best interests of the public, reserved to
subjects authorized by law" -- and those don't include Prof. Auriti.

                   Even so, his simec crusade has attracted vocal
support from some unexpected quarters. In coming months, a Franciscan
Catholic college in Abruzzo's capital city, L'Aquila, plans to open the
School of Monetary Values, an institution dedicated to Prof. Auriti's
theory. And the Northern League, a sometimes-xenophobic political party
that wants to wrest power from Rome, has invited Prof. Auriti to address
its mayors on how to spread"local money" nationwide.

                   Prof. Auriti is looking ahead to February 2002, when
many European countries are scheduled to replace their national
currencies with new euro bills."A storm is coming," says Prof. Auriti,
who thinks global central bankers, for reasons that aren't entirely
clear, will use the occasion to provoke an artificial cash crunch,
turning Europeans into monetary slaves."The simec," he says,"will help
European peoples to survive."
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More on Simec


From the periodical"l'Informazione del Collezionista" - n.16
-Giugno-Agosto
- 2000

Augusto Ferrara

The truth that burns

In the silent heat of the after Ferragosto festivities of this Jubilee
year, the title may give way to various interpretations: the heat
consequently the summer dog-days, pyromaniacs in the woods, the daily
dramas of young adults on the roads that ruin the most intense and long
holiday period of the year.

Nothing of the such it regards a monetary revolution which begins in mid
July 2000 from the town of Guardiagrele in the province of Chieti, one
of the must interesting cities of the Abruzzi region, with its 10,000
inhabitants, rich of history, art and craftsmanship, which extends at
the
feet of a hill of the Maiella mountains site of the famous National
Park.
The central square is dominated by the most important city monument the
Dome of St. Maria Maggiore, and delimited by the ancient building of the
famous Auriti family, represented today by the 70 year old professor
Giacinto, who, defines himself as a"farmer" who has taught as many as
four university
courses in Jurisprudence and author of many scientific publications of
social and law matter.
President of the local Antitrust Committee, Prof. Auriti has been in
1993 promotor of the law proposal"In order to subdivide among the
citizens the monetary income of the capital administered by the state,
in effect according to the second paragraph of the law article 42 of the
Constitution.

As Secretary of the Laboor Union Antiusury Committee Auriti, on March
8th 1993 denounces for swindle, false balance, criminal gangs and usury
the then General Governor of the Bank of Italy, Carlo Azeglio Ciampi
and, later Fazio.
Today, Friday August 18th, 11:00 A.M., we are enjoying the hospitality
of Prof. Auriti, on the first floor of the omonimous building, so rich
of memories and testimonial of many generations. He reminds us of a
historical episode when, in 1857, his grandfather gave up his seat in
Parliament during the Reign of Italy to the then famous Poet Gabriele
D'Annunzio of Pescara. Prof. Auriti inventor of the"bank-note of the
people" shows pages of newspapers of various languages on the meaning of
"induced value" and on the
recent monetary experience of the Simec at the moment suspended for the
blitz on behalf of the Magistracy in front of which he is"sub iudice"
(August 28th 2000).
The interest on behalf of the English, American, Swiss and Japanese
press was demostrated by the correspondents of the most important news
agencies who were on the waiting list, and since it took various hours
of laborious interviews the professor is seriously taking in
consideration the idea to
quantify each appointment in lire and not in Simec.
With the purpose to spread the truth on the ultimate possibility of
defense of Italy and the other countries involved with the imminent
sentenced circulation of the Euro, Don Giacinto (lovingly called by his
fellow-citizens), has already opened a web site in Internet; everyone
will understand the basic difference between a banknote and a Simec: the
first is charged to the bearer, while the Simec is credited to the
citizen. Before leaving our authoritative interlocutor we asked him two
questions:

1 - What is your opinion regarding the Euro?
No rule of the Treaty of Maastricht establishes who is the proprietor of
the Euro; this regulation gap must be filled in the sense of property
attributed to the single European populations. Differently, each citizen
of the Euro, including our generation, will find itself indebted with
the dollar, to the extreme consequences of committing suicide.

2 - What should be the solution?
Each nation and European country must be responsabilized with precise
financial laws which defend the citizen; the Simec may become the
temporary monetary measure in order to block the emergency.

Brief history of the modern bank-notes suggested by Prof. Giacinto
Auriti

1694 - The Bank of  England was established in London and becomes owner
of about three-fourths of the planet Earth.
1795 - The French Revolution gives the population political power but
not the financial one.
1865 - The American Civil War. Abraham Lincoln, first President of the
U.S. to abolish slavery. A dollar of the Civil War is created and hence
the Federal Reserve of Fort Knox.
1995 - With the Treaty of Maastricht the Euro is created. The Bank of
England does not give its support since it is involved with the dollar.
2001 - September 1st, the banknotes and Euro coins will begin
distribution in Banks, Currency Exchange Agencies and automatic
distributors.

Brief history of Simec
Guardiagrele Anno 2000

April/May - Preparation, scientific experientation and the founding of
the Labour Union Antiusury Committee for the creation of the"bank-note
of the people", sole administrator the General Secretary Giacinto
Auriti.
June/July - Banknotes are produced in thousands of copies of seven
different values (the same number of Euro) two colours with relative
issue number  beginning with the letter A: 500 - 1.000 - 2.000 - 5.000 -
10.000 - 50.000 - 100.000 for the total amount of 168.500.
On the face of the bill, on the left there is a mark represented by
Econometric Symbol of induced value with the clause"registered trade
made - reproduction prohibited". On the right, above the numbers; the
relative Roman number except for the 500 bill which reproduces the whole
number in the hexagon in the centre, written in black, the propriety of
the bill with the precise emission signed by the General Secretary of
Labour Union Antiusury Committee Giacinto Auriti. On the back, identical
for all the denominations, the image of a flame surmounted by a cross,
the value in letters and in a rectangle the symbol accepted by the
various municipalities with the three articles of the Italian
Constitution.
For the second time (after the English pound) an ulterior element of
guarantee in a bank-note; in addition to the watermark, against eventual
counterfeiters, represented by an overprint, in silver of the symbol
armorial-bearing with the latest hologram system. Lastly the lower
coloured border, the latin writing NON BENE PRO TOTO LIBERTAS VENDITUR
AURO (it is not right to sell liberty for all the gold in the world).

Tuesday July 11th - A first quantity of Simec is withdrawn from the
printing Institute and shown to all the members of the Syndicate.
Agreements are set regarding the distribution of the decalcomanias who
adhere to the sale.
The end of July - The popular password and the local press take control
of the commercial operation, the purchasing power, compared to the lira
doubles. Unexpected success surprises the authors and Guardiagrele
becomes animated in an unbelievable way. The Magistrature takes note of
the phenomenon, but does not intervene. The Excise Officer effects a
control from which no irregularities result.
Sunday August 6th - The Patron Saint festival and the Handcraft Fair.
From the entire Abruzzi region and from abroad, the presence of people
multiply.
The 39 commercial activities in the month of July become over 70 with
the involvement of the two provinces of Chieti and L'Aquila. Some of the
issues of the"money of the people" are sold out. The emergency begins
and in St Maria Maggiore Square, at the"Auriti House" cash register,
young volunteers
alternate themselves, accepting bookings of bank-notes at the moment
lacking. The Excise Officer makes other controls. Everything is regular.

Thursday August 10th - The sun sets at 7:19 p.m. and the Professor
surrounded by his fellow citizens grants interviews on the financial
operation. His recurrent words are: finally money belongs to the citizen
and not to the printer, its value is given by those who use it e not by
those who put it in circulation - and to conclude with Art Italy can
sell Beauty.
The numismatic demand on behalf of collectors, from various parts of
Italy and abroad, grows under everyone's eyes.

Afert the festivities of August 15 of Guardiagrele - Some municipal
representatives and commercial categories from some Italian regions
interested in the monetary experience reach the town. A public letter of
prof. Auriti with the signatures of over 1,000 citizens to not
confiscute the"Auriti bank-notes". Political contacts begin for
parliamentary interpellation. A public letter to the Clergy (directed to
the Bishops and
Cardinals) in defence of the"Money of the Poor" so it may become"money
of the Jubilee" so concludes:
When money was gold, at the moment of its issue it was not possible to
give it out free because of the high cost of gold. Today, with symbols
that cost nothing, it is not only possible but it is dutiful, to raise
humanity dominated by usury. We are certain that the money issued by the
Church would be conformed to the great event of the Jubilee. All the
religions notoriously against usury will be favorable in a vision
substantially ecumenical.

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Der Ehrlichkeit halber muss man sagen, dass Prof. Auriti pleite gegangen ist.

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gesamter Thread:

• umgekehrte Silbermine - Citrus, 11.11.2000, 10:57
  • @ Citrus: Auriti-Thread - Toni, 11.11.2000, 12:39
    • thx, hier in englisch - Citrus, 11.11.2000, 13:14
      • Re: thx, hier in englisch - Danke Citrus - R.Deutsch, 11.11.2000, 15:49
  • Re: umgekehrte Silbermine - R.Deutsch, 11.11.2000, 13:10