The episode features a letter addressed to ECB President Christine Lagarde, written by Marco Saba, a forensic accountant. Saba highlights an inconsistency in the way banks and the ECB record the creation of new money on their balance sheets. According to Saba, this faulty accounting practice creates the illusion of a continuous need for new funds and puts stress on the economy, paving the way for possible legal claims against the ECB. Saba argues that the ECB should publish a cash flow statement that accurately reflects the creation of new money and that it should take action to correct the faulty accounting practices of member banks. https://centralerischibanche.blogspot.com/2019/11/a-letter-to-ecb-new-president-mrs.html