THE ECONOMICS OF EXTORTION: THE CASE OF THE ITALIAN BANKING SYSTEM

Welcome to our exploration of Italy's banking history, where we delve into the profound impact financial systems have on society. Our research reveals that banks have manipulated money creation, costing the public over €5 trillion. This work uncovers hidden forces that threaten democracy and human rights, urging a reevaluation of our financial institutions.

Our paper uncovers the systemic extortion embedded in the Italian banking system since 1861, where financial institutions have monopolized money creation to manipulate public finance for their own gain. This has led to over €3 trillion in public debt and €2.2 trillion in lost revenue, undermining democratic governance and violating citizens' rights. We aim to develop a formal model to understand these coercive practices and examine how financial elites have distorted democratic principles over time. For more details, please refer to:
https://www.academia.edu/130031935/THE_ECONOMICS_OF_EXTORTION_THEORY_AND_THE_CASE_OF_THE_ITALIAN_BANKING_SYSTEM