From the University of Hamburg tinyurl/ptzphl9 (in German) "The federal government establishes a monetary and Federal Reserve Bank as a bank..In the context of the European Union, its tasks and powers can be transferred to the European Central Bank that is independent... " (Basic Law, Article 88). From the above conceptual analysis, it clearly results that the legal position of The Deutsche Bundesbank is not: partly, the Bundesbank appears in the guise of a monopoly enterprise producing bank notes, sometimes in the guise of a dealer in bank businesses and partly in the guise of an authority or in the guise of an Ltd. After 1998, the responsibility for the German currency matters has been assigned to the European Central Bank (ECB)." So, the Problem is: Who own and who run the ECB? . Although the ECB is governed by European law directly and thus not by corporate law applying to private law companies, its set-up resembles that of a corporation in the sense that the ECB has shareholders and stock capital. Shares in the ECB are not transferable and cannot be used as collateral. The owners and shareholders of the European Central Bank are the central banks of the 27 member states of the EU (in all probability Rothschild Banks) . tinyurl/ozcyxm3 The governing Council of the ECB consists of the central bank directors of all EU countries + Mario Draghi tinyurl/p2osljp The Board of the ECB acc. to Bloomberg Business Week has 5 directors tinyurl/qc4wfcb Mario Draghi tinyurl/q79v74s : President of the Executive Board of the European Central Bank. Mr. Draghi serves as the Chief Executive Officer of The Brookings Institution. He served as Managing Director of Goldman Sachs Group, Inc. - Rothschild´s main investment bank tinyurl/pzaek8h Jens Weidemann tinyurl/obndtdv has been the Chairman of Executive Board and President for The Deutsche Bundesbank since April 30, 2011. Mr. Weidmann has been a Director of Bank For International Settlements (Rothschild´s central bank for his central banks) since May 1, 2011. Peter Praet tinyurl/o4g9rt3 was chief economist for the Fortis Bank (taken over by Rothschild-Partner BNP Paribas tinyurl/plpu92w) He was executive director of the National Bank of Belgium from 2000 to 2011.
Posted on: Thu, 29 Aug 2013 06:00:34 +0000
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