The sacred cows
(5:47)
Everywhere you turn in Italy you come face to face with a
sacred cow. Should you dare to want to turn it into steaks, try to move it from your path or you simply state that this is a sacred cow, perhaps even a skinny one, then the
custodians of the sacred cow will immediately step in. The cow, because it is indeed a cow that we are dealing with, is often unaware of all the fuss and continues to do precisely what cows do, namely browse on the grass and parade around the media that invite it to express its hard lowing.
Still renowned is the cult of the
Veltroni cow at Lingotto in Turin. For many months this cow was adored by the newspapers, just like the
golden calf was adored by the Jewish people (who then proceeded to get rid of it). Topo Gigio, instead, continues to infest the management of the has-been little pdwithoutanel party with his daily gems. The cow that was to succeed Agnelli,
the Attorney’s ruminant heir, was protected for years by the entire constitutional spectrum, from Fassino through to Bertinotti and from “La Repubblica” through to the “Corriere della Sera”. This was a voracious cow,
hungry for dividends: the
tronchetto of unhappiness, the quadriped (or quadrumane?) who has for some time now been spending his days in the Milan Courts claiming that he was a President of the company but was unaware of what his people were getting up to. A cow that was not of sound mind.
Sacred cows can be identified by the number of front-page quotes, presences on talk shows and their moral superiority. As regards the fallen sacred cows, as happens to almost all of them sooner or later, are never butchered, but recycled in moderation. They are approached for an opinion, to sit on the board of some or other bank, or for a Sunday interview. Sacred cows are always "
politically correct": humanitarian, anti-racist, progressive and non-violent.
One sacred cow leads to another, writers, journalists, politicians, their media consumption is endless. Sacred cows are free to
plunder the henhouses and eat all of the chickens. Since they are sacred and since they are cows (if they were foxes it would be entirely another matter) no one can shoot them. Sacred cows have their own personal protectors, like the god
Krishna in India. In Italia, instead of protectors in the true sense of the word, the sacred cows have wretched pimps that
create myths in order to distract the citizens while they run off with the loot. Who are the current sacred cows? I can’t say, but I can
only think who they may be. Let he who is not afraid of the sacred cows cast the first stone (against them).
Posted by Beppe Grillo at 07:41 AM in Wailing Wall
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AUDIT the European Central Bank
While the euro monetary rent - hundreds of billion euros each year - is being masked in the ECB balance sheet (in the liabilities side instead of the assets side), we ask for a long due independent AUDIT of the European Central Bank.
Please, do sign the petition here:
http://www.petitiononline.com/auditecb/petition.html
A better way to account for fiat money at the Central Bank
Thomas (Cool) Colignatus, December 31 2005
http://leconomistamascherato.blogspot.com/2009/11/better-way-to-account-for-fiat-money-at.html
The EU seigniorage ticking time BOMB:
OLAF POLICE CAN'T INVESTIGATE THE ECB EURO-SEIGNIORAGE SCANDAL http://riflessioni-backbone.blogspot.com/2009/11/eu-seigniorage-ticking-time-bomb-eu-la.html
The case for auditing the ECB: seigniorage fraud on banknotes
http://leconomistamascherato.blogspot.com/2010/03/case-for-auditing-ecb-seigniorage-fraud.html
THE 'FAKE LIABILITIES' SCANDAL
"The solvency constraint of the Central Bank only requires that the present discounted value of its net non-monetary liabilities be non-positive in the long run. Its monetary liabilities are liabilities only in name, as they are irredeemable: the holder of base money cannot insist at any time on the redemption of a given amount of base money into anything else other than the same amount of itself (base money)."
From Willem H. Buiter (London School of Economics) at page 20:
"Seigniorage", economics - The Open-Access, Open-Assessment E-Journal, 2007-10
http://www.economics-ejournal.org/economics/journalarticles/2007-10
AUDIT THE ECB ON FACEBOOK:
http://www.causes.com/causes/366875?recruiter_id=88643505
Posted by: Marco Saba | April 19, 2010 12:33 AM