Saturday, March 6, 2010

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Simec A plaque for the "money of the people," coined by Giacinto Auriti.


"We .. is not that we should not lose. We must resign ourselves to win."

Today, near the town of Guardiagrele
the citizens of the late Giacinto Auriti
have recalled the figure of intellectual high-profile, with particular attention to the invention for its part of Simec, a sort of "SCEC" Replacement currency: it has allowed those who had, for a short period, to have a purchasing power twice that paid to buy it.
E 'was also discovered a plaque in honor of Simec, located on the outskirts of the city.

engraved in the memory of many, still broadcasts from the local network in which stubbornly Auriti explained his views on money borrowed from Ezra Pound. Speeches complex that only those with expertise in economics can confirm or deny the full.

claimed, in a nutshell, that central banks through a complex mechanism, shall ensure that the coin passes into the hands of individual citizens, not as a capital good in its full possession, but as something borrowed on which will serve interest. The method of national banks to lend money to other banks, according to the theory auritiana, it generates a series of events for which the currency is devalued, and the purchasing power of the citizen is reduced.

further argued that the value of money is not determined by the people and institutions that represent it. Our purchasing power would increase or decrease it by virtue of arrangements made by central banks. Methods that are beyond the people and that essentially the cheating.

The echo of the theories of Auriti has toured the world and have been in many other countries, to advocate ideas similar to those of the professor Guardiese, much to create that function as the SCEC Simec. The scientific community the business world, however, has never given for good those instances.
Tomorrow, Sunday, March 7 at 10 am at the Palace of the Province of Pescara will be a meeting that will explain in depth the theory of Simec. The event is organized by various associations active in the field.
Andrea Russo

A transmission Telemax Professor Giacinto Auriti

http://www.youtube.com/watch?v=x8cJw5OQd3U

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