To: President of Consilium.europa.eu
Cc: Prof. Savona, CONSOB, Italy
Subject: Note on the text of “Council conclusions on Lebanon”, Re: ECB
Dear President of the Council of the European Union,
I wrote to you as a forensic accountant. In the text of the Council conclusions on Lebanon approved by the Council on 7 December 2020, we read at par. 5, sub-par. d.: “…adoption of… a swift and thorough forensic audit of the Banque du Liban (BDL) ...measures that ensure concrete changes are made and guarantee transparency and full accountability to the Lebanese people. “
Here:
https://www.consilium.europa.
I ask to the Council to adopt the same measure for Europe, i.e. “A swift and thorough forensic audit of the European Central Bank that ensure concrete changes are made to guarantee transparency and full accountability to the European people.”
The point is that - contrary to accepted accounting rules - the ECB don’t publish the Statement of Cash Flows. As money creation is a way of financing for the ECB activity – both with digital and paper money – the financing activities should be reported as inflows in the cash account of the same bank and thus in the Statement of cash flows. This will give the bank far more reach in the future because the profits coming from money creation are currently hidden by wrong accounting practices. When money is cashed while coming back from the lending reflux, it seems to disappear from the public bank balance…
I think it is a good time for the Council to show that the same recommendation given to foreign countries are followed by the same EU rulers, else it is like when a doctor ask to a patient to accept the COVID vaccine while, at the same time, the doctor refuses to take the vaccine himself.
I am sure you will examine the question with all the due diligence, and, awaiting your answer, I offer my best regards.
Marco Saba
Forensic Accountant
c/o Studio Legale Orlandi
Via Vittorio Alfieri, 28
50121 - FIRENZE - ITALY
Nessun commento:
Posta un commento