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> Banknotes
> Obviously an industrialized state could not survive only with gold coins,
• and why "of course"? where does' is pearl analysis?
> so that the Reichsbank, the imperial administration of the debts and other private banks also notes they issued. •
as saying: "I can not do this lap using the energy that a healthy diet difornisce THEN do drugs to give better performance." If a system based on gold shows the limits (which is to be seen whether they are true or whether the limits are not doing the longer wheelbase of the leg) will ensure another system but that is ethical, legal, honest (l 'athlete's sample is clear, no?)
> Also all the mass of gold available was not sufficient to produce all legal means of payment only with gold. •
then we resort to lawlessness? where comes the boom comes the stick? or maybe the gun, why not?
> Reichsbank notes were printed in denominations of 20, 50, 100 and 1000 marks the certificates of cash from the Department of the Imperial debt (Reichsschuldenverwaltung) had denominations of 5, 10, 20 and 50 brands with a number of relatively low emissions. •
we take note.
> The Reichsbank was formally a private bank of issue, but it was a de facto "State Bank" which, unlike other private banks "normal," he a series of preferential rights and the Imperial Chancellor will often directly controlled the activity.
• "de facto"? are we kidding? WAS PRIVATE. POINT! the "de facto" where do you live? the "fact" that the Chancellor (capirai!) "I often directly controlled the activity"? are we kidding? a private firm that receives a character in "public" (note the strategic Democracy is in force at that time, no?) becomes the de facto public? and what is anointed by the Lord? "Preferential rights" were nothing but rumors FAVOURITISM and GUESTS! as saying that the Italian state has a special focus on Bank of Italy SpA! BALLE! There are contracts (which are renewed under the deafening silence of politicians, journalists and comedians) and TIES MAFIOSI between banks and the state (because of political sold)
> up to 1914 banknotes were issued not only by the Reichsbank, but, in various states, initially from 32 private banks (eg. Dresden, the Sächsische Bank, Monaco of Bavaria, Bayerische Bank) and also the form of certificates Reichsschuldenverwaltung imperial cash (Reichskassenscheine) and, with the beginning of the war, under the so-called Darlehnskassen form of certificates that are not convertible.
• that there are more emissions is not bad, indeed. the most honest, the most reasonable of the "Printers" will prevail on others. Obviously it is preferable to issue currency is the sovereign people through a bank of the sovereign people. Sorry for the repetition, but the sovereign people has a special charm, no?
> The banknotes issued by the Imperial or by private banks were required to have a gold backing of at least one third of their value. •
already is something, right? kingdom in pre-unification with the much-maligned Bourbon guaranteed a 1:1 ratio of the pound paper with the pound of gold! Cavour (the slave trader, murderess, mercenary) with his Nordic feast was already 1:3 (three pounds of paper in exchange for a pound of gold). After 1861, ie the unit that he, aihmee (?) Not seen, the relationship deteriorated to steal tons of gold by banks in the ex-TWO SICILY!
> It was then possible to use among the property coverage, certificates of imperial coffers. This meant that, at least in part, the bills were covered by the certificates and that the paper was provided by another paper.
• HOW IT!?? But if Wikipedia is the fact that the ECB HOSANNA covers his notes [of waste paper] with "foreign currency"!
NOW you denigrate the fact that paper is covering other card?!? decide boys (and pimply 23 year old wankers)!
A bill must be covered by something physical, metaphysical, from work, dal POPOLO SOVRANO, dall'oro, da altra carta, dall'aria fritta, dai BOT... DECIDETEVI!
