Central Banks, Financial System and the Creation of Money (and Deficit)

In the market economy, the financial system gives money from the positive savers (i.e. depositors) to the negative savers (i.e. people with shortage of funds which need loans to buy property etc.). Furthermore, the financial systems facilitate non-cash payments. from individuals or legal entities.

The financial system has by law a monopoly of services. Only banks can accept deposits, only insurance companies can provide insurance services and mutual funds management can be done better by a large bank rather than by an individual investor.

How money is created

In the past, one of the reasons the ancient Greek states were strong was the ability to create their own currency. In the times of Pericles, the silver Drachma was the reserve currency of that era. The same applied for the golden currency of Philippe from Macedonia. Each of these currencies could have been exchanged with a certain amount of gold.

Nowadays, Fed creates USD and ECB Euro which both is fiat money I.e money with no intrinsic value that has been established as real money by government regulation and we, therefore, have to accept it as real money. Central banks circulate coins and paper money in most countries that they are just 5%-15% of the money supply, the rest is virtual money, an accounting data entry.

Depending on the amount of money central banks create, we live in a crisis or we have economic development. It should be noted that central banks are not state banks but private companies. The countries have given the right of issuing money to private bankers. In turn, these private central banks lend the states with interest and therefore, have economic and of course, political power. The paper money circulated in a country is actually public debt i.e. countries owe money to the private central bankers and the payment of this debt is ensured by issuing bonds. The warranty given by the government to private central bankers for debt repayment is the taxes imposed on people. The bigger public debt is the bigger the taxes, the more common people suffer.

The presidents of these central banks cannot be fired by the governments and do not report to the governments. In Europe, they report to ECB which sets the monetary policy of EU. ECB is not controlled by the European Parliament or the European Commission.

The state or borrower issues bonds, in other words, it accepts that it has an equal amount of debt to the central bank which based on this acceptance creates money from zero and lends it with interest. This money is lent through an accounting entry however, interest rate does not exist as money in any form, it is just on the loan contract obligations. This is the reason why global debt is bigger than real or accounting debt. Therefore, people become slaves since they have to work to get real money to pay off debts either public or individual debts. Very few ones manage to pay off the loan but the rest get bankrupted and lose everything.

When a country has its own currency as it is the case of the USA and other countries, it can “oblige” central bank to accept its state bonds and lend the state with interest. Therefore, a country bankruptcy is avoided since the central bank acts as a lender of last resort. ECB is another case since it does not lend Eurozone member-states. The non-existence of a Europe safe bond leaves the Eurozone countries at the mercy of the “markets” which by being afraid of not getting their money back they impose high interest rates. However, quite recently the European safe bonds have gained ground despite the differences in Europe policymakers whereas the Germans are the main cause for not having this bond since they do not want national obligations to be single European ones. There is also another reason (probably the most serious one) which is that by having this bond, Euro as a currency would be devaluated and Germany’s borrowing interest rates would rise.

In the USA things are different since the state borrows its own currency (USD) from Fed so local currency is devaluated and therefore state debt is devaluated. When a currency is devaluated the products of a country become cheaper without reducing wages but imported products become more expensive. A country which has a strong primary (agriculture) and secondary (industry) sector can become more competitive by having its own currency provided that it has its own energy sources i.e. it should be energy sufficient. Banks with between $16 million and $122.3 million in deposits have a reserve requirement of 3%, and banks with over $122.3 million in deposits have a reserve requirement of 10%. Therefore, if all depositors decide to take their money from the banks at the same time, banks cannot give it to them and bankrun is created. At this point, it should be mentioned that for each USD, Euro etc deposited in a bank, the banking system creates and lends ten. Banks create money each time they give loans and the money they create is money that appears on the computer screen, not real money deposited in the bank’s treasury that lends it. However, the bank lends virtual money but gets real money plus interest from the borrower.

As Professor Mark Joob stated no-one can escape from paying interest rates. When someone borrows money from the bank, s/he has to pay interest rates for the loan but all who pay taxes and buy goods and services pay the interest rate of the initial borrower since taxes have to be collected to pay the interest rates of the public debt. All companies and individuals that sell goods and services have to include the cost of loans in their prices and this way the whole society subsidizes banks although part of this subsidy is given as interest rate to depositors. Professor Mark Joob goes on and writes that the interest rate paid to the banks is a subsidy to them since the fiat/accounting money they create is considered as legal money. This is why bankers have these large salaries and this is why the banking sector is so huge, it is because the society subsidizes banks. Concerning interest rates, poor people usually have more loans than savings whereas rich people have more saving than loans. When interest rates are paid, money is transferred from poor to the rich therefore, interest rates are favourable for wealth accumulation. Commercial banks gain from investments and from the difference between interest rates for deposits and interest rates for loans. When interest rate is added regularly to the initial investment, it brings more interest since there is compound interest which increases exponentially initial capital. Real money by itself is not increased since this interest rate is not derived from production. Only human labour can create interest rate of increasing value but there is a downward pressure for salaries cost and at the same time increase of productivity. This happens because human labour needs to satisfy the demands of exponentially increased compound interest.

The borrower has to work to get the real money, in other words, banks lend virtual money and get real money in return. Since the lent money is more than the real one, the banks should create new money in the form of loans and credits. When they increase the quantity of money there is growth (however, even in this case with the specific banking and monetary system debt is also increased) but when they want to create a crisis, they stop giving loans and due to the lack of money a lot of people bankrupt and depression starts.

This is a “clever trick” created by the bankers who have noticed that they can lend more money than the one they have since depositors would not take their money, altogether and at the same time, from the banks. This is called fractional reserve banking. The definition given by Quickonomics for fractional reserve banking is the following: “Fractional reserve banking is a banking system in which banks only hold a fraction of the money their customers deposit as reserves. This allows them to use the rest of it to make loans and thereby essentially create new money. This gives commercial banks the power to directly affect money supply. In fact, even though central banks are in charge of controlling money supply, most of the money in modern economies is created by commercial banks through fractional reserve banking”.

Are savings protected?

In the case of Italian debt as in the case of Greek debt, we have heard from politicians (actually paid employees by the bankers) that they want to protect people’s savings. However, are these savings protected in this monetary and banking system? The answer is a simple NO. As mentioned, the banks have low reserves in cash. This is the reason that they need their customers’ trust. In case of a bankrun there would face liquidity problems and they would bankrupt. There are deposit guarantee schemes that reimburse, under EU rules, that protect depositors’ savings by guaranteeing deposits of up to €100,000 but in case of chain reactions, commercial banks need to be saved by the governments and central banks act as lenders’ of last resort.

abcsmog.eu.org abhutch.eu.org aboomir.eu.org acardol.eu.org acnezip.eu.org acogdoc.eu.org actuxxx.eu.org adfastt.eu.org adipets.eu.org adiuvas.eu.org adjuvas.eu.org adpfcde.eu.org aebenpv.eu.org aechats.eu.org ageofrs.eu.org ahrdbdf.eu.org aikendu.eu.org akcesme.eu.org alfaisi.eu.org alovino.eu.org amlawpc.eu.org anarobo.eu.org andaair.eu.org andtuts.eu.org anepnvb.eu.org anpoone.eu.org appiecn.eu.org arasunu.eu.org artypug.eu.org aruauto.eu.org asdjhzx.eu.org asukire.eu.org atitiva.eu.org atltomp.eu.org attapal.eu.org autroot.eu.org barcado.eu.org bcdxtax.eu.org bellaju.eu.org benchaj.eu.org bendout.eu.org bhmnews.eu.org binetbd.eu.org biryano.eu.org bitefat.eu.org bitexts.eu.org bizatar.eu.org bjlwzyh.eu.org bjtfhtc.eu.org bjxgzjd.eu.org bjxlxkj.eu.org bmstamp.eu.org bpgintl.eu.org bremest.eu.org byqkanw.eu.org bystrut.eu.org byxjtzw.eu.org caljabs.eu.org camevim.eu.org cardadi.eu.org cayoume.eu.org cctvafd.eu.org cdgamfe.eu.org cennoid.eu.org chakdee.eu.org chamhon.eu.org chsmnzy.eu.org cifasnc.eu.org closbee.eu.org cnsdady.eu.org cofitea.eu.org comsiso.eu.org consiex.eu.org cotolis.eu.org cozyfab.eu.org cpvking.eu.org cqhuidu.eu.org crochub.eu.org cromain.eu.org cumswop.eu.org cxrfcar.eu.org czepack.eu.org czhsdgj.eu.org czqxtkj.eu.org czsljgz.eu.org dadengw.eu.org daivati.eu.org damedux.eu.org daotleg.eu.org daxuezm.eu.org dczgsdo.eu.org ddaprof.eu.org dearnys.eu.org decochr.eu.org deiujsh.eu.org dekapri.eu.org dfajans.eu.org dfsdxqc.eu.org dgchzdh.eu.org dgxieda.eu.org dhkjtao.eu.org difansz.eu.org digveda.eu.org dimigee.eu.org dinepac.eu.org dixinhr.eu.org djblaqt.eu.org dlhxzdh.eu.org dmxagrm.eu.org dnaixma.eu.org dnfmayi.eu.org dobobuy.eu.org dodackr.eu.org doliyua.eu.org doubatv.eu.org dpopova.eu.org dqtzkhw.eu.org dramaqq.eu.org dteamvn.eu.org dtibiog.eu.org dugegou.eu.org duyalan.eu.org duzhety.eu.org dydtkhb.eu.org dyepifb.eu.org dymenhu.eu.org dyssjmg.eu.org dzhubao.eu.org dzynews.eu.org ebeqlxy.eu.org ebraxgm.eu.org ecqihuo.eu.org ecqxvpv.eu.org edonoyu.eu.org edsloft.eu.org eematch.eu.org ekidmam.eu.org ekidmom.eu.org elissal.eu.org embursa.eu.org entexam.eu.org ephiona.eu.org ergenek.eu.org esemtem.eu.org essnmag.eu.org eutlets.eu.org evirton.eu.org excnakp.eu.org fairabc.eu.org famepie.eu.org fankiee.eu.org fashioz.eu.org faskrud.eu.org fcfuzhu.eu.org feasest.eu.org feidite.eu.org feiomei.eu.org feletec.eu.org fengxls.eu.org fenzibi.eu.org feyzlen.eu.org fhyechu.eu.org filbaan.eu.org flbtydc.eu.org fldwine.eu.org flkenkg.eu.org flyciao.eu.org fngeoim.eu.org fnwatan.eu.org foldkey.eu.org fqlicai.eu.org freebal.eu.org freeeps.eu.org fsfuran.eu.org fsgelan.eu.org fshimea.eu.org fsmidas.eu.org fszldjx.eu.org fujinjt.eu.org fukuday.eu.org furlpad.eu.org fxtwpgs.eu.org fyhztic.eu.org fyjtdpc.eu.org fzwjhmy.eu.org gaoyumi.eu.org gbyijia.eu.org gbzuohe.eu.org gdmzzyz.eu.org gdszskj.eu.org gdszxsl.eu.org gemmasj.eu.org geniesi.eu.org genisha.eu.org geusxcy.eu.org geyikfm.eu.org giayyeu.eu.org gigakit.eu.org gimlety.eu.org giseniz.eu.org gjnhbum.eu.org gkkiosk.eu.org glswood.eu.org gmxbylc.eu.org gmxghby.eu.org gmyfbyn.eu.org gomnixb.eu.org gonobos.eu.org gonthsi.eu.org goodmtn.eu.org goreacl.eu.org gotrago.eu.org gphelan.eu.org gpmiran.eu.org gqdhttu.eu.org gqlicai.eu.org greefts.eu.org gretion.eu.org grimoff.eu.org grunere.eu.org grupbiz.eu.org gshines.eu.org gslhjmc.eu.org gsztyjf.eu.org guoboww.eu.org guonier.eu.org gutougn.eu.org guyezao.eu.org gzfeida.eu.org gzjiman.eu.org gzknxzk.eu.org haidasl.eu.org haitucn.eu.org haojiaz.eu.org haozicn.eu.org haxsnet.eu.org hbcloth.eu.org hbgxyfz.eu.org hbygtzc.eu.org headnog.eu.org hebdhtx.eu.org hebtpnh.eu.org hebutbn.eu.org hedynti.eu.org helaoye.eu.org hemouxx.eu.org henanxr.eu.org hengseo.eu.org hengtsd.eu.org henlund.eu.org henxgek.eu.org hexinqm.eu.org heylyle.eu.org hfclass.eu.org hhstars.eu.org hhxyygz.eu.org hibevar.eu.org himibus.eu.org himteck.eu.org hiusing.eu.org hizhjau.eu.org hjindan.eu.org hlabjlh.eu.org hljaysm.eu.org hljjlsm.eu.org hnclass.eu.org hnjyzsy.eu.org hnlcedu.eu.org hnsbsqx.eu.org hnsdtcc.eu.org hnugabi.eu.org hnxynet.eu.org hnyllaw.eu.org hodakuv.eu.org hokitoo.eu.org holibao.eu.org homejyh.eu.org hostsvn.eu.org housibg.eu.org hoysing.eu.org hpcurve.eu.org hqfatrc.eu.org hqsbjyw.eu.org hramail.eu.org hsxylxs.eu.org huangzj.eu.org hudiejr.eu.org hudiezc.eu.org hufoogs.eu.org huheyun.eu.org huizhej.eu.org hushirt.eu.org hwafull.eu.org hwmantq.eu.org hyltyey.eu.org hymcpcb.eu.org hzbayou.eu.org hzjobhr.eu.org hzlsmzp.eu.org hzpslrg.eu.org hztouna.eu.org hzzicai.eu.org ianshul.eu.org iastcbc.eu.org icbcehu.eu.org icbceph.eu.org icbcepz.eu.org icbcxdt.eu.org icbcxdy.eu.org icbczdt.eu.org ichiiii.eu.org idablab.eu.org ideaups.eu.org idensrl.eu.org ihstory.eu.org ijqunbg.eu.org ikabeus.eu.org ildsboq.eu.org illapro.eu.org imprell.eu.org ingenim.eu.org inidade.eu.org ininuri.eu.org inlegou.eu.org ipoutee.eu.org irrerrt.eu.org ivfpfrc.eu.org izzyboy.eu.org jahmeke.eu.org japcute.eu.org jcmotos.eu.org jcshows.eu.org jdzjjmr.eu.org jebsman.eu.org jeselco.eu.org jfltwza.eu.org jgvbsco.eu.org jiakujn.eu.org jiatogo.eu.org jinmadl.eu.org jionshf.eu.org jiwsgfy.eu.org jiyuseo.eu.org jjhgnme.eu.org jjhgsme.eu.org jlclass.eu.org jmxpark.eu.org jnbaina.eu.org jndkjsb.eu.org jobasex.eu.org joomlio.eu.org jpetrol.eu.org jsbolun.eu.org jukeaid.eu.org jukomet.eu.org julituo.eu.org junmong.eu.org juntrip.eu.org justnur.eu.org juxinkm.eu.org jxjiahe.eu.org jxmucai.eu.org jxresuo.eu.org jyaowan.eu.org jyhmzyc.eu.org jyszxjg.eu.org jyufneh.eu.org jzbijcm.eu.org jzgbngi.eu.org jzlsspd.eu.org jzshzsm.eu.org jzsyzfx.eu.org jztwldh.eu.org kaeltan.eu.org kaeming.eu.org kaierkj.eu.org kalitny.eu.org kandyse.eu.org kanfalv.eu.org kankanx.eu.org karlvon.eu.org kataokm.eu.org katopry.eu.org kblsyeb.eu.org kendelu.eu.org kertree.eu.org keshubh.eu.org keyuqle.eu.org khallea.eu.org khrxxuw.eu.org klqiege.eu.org kltljok.eu.org kmclass.eu.org kobydoo.eu.org kosuoba.eu.org kounadi.eu.org ksdjdsb.eu.org kvnshop.eu.org kxzdhmj.eu.org lagaver.eu.org laicall.eu.org lamoche.eu.org lanxims.eu.org laptape.eu.org lblhmmw.eu.org leighdk.eu.org libuyan.eu.org lifelia.eu.org lijiboo.eu.org limcell.eu.org limoord.eu.org lirensm.eu.org liuguit.eu.org livlush.eu.org lixinzj.eu.org lkkshop.eu.org lliomgb.eu.org lloqani.eu.org lomboku.eu.org longfrp.eu.org loudizx.eu.org lovekfd.eu.org lovewsc.eu.org lsgjhtx.eu.org ltgyapn.eu.org lulujiu.eu.org lupinge.eu.org luxkira.eu.org lyggzfm.eu.org lygmnhy.eu.org lymteen.eu.org lyscard.eu.org lysyxbd.eu.org lzcadzl.eu.org lzhhome.eu.org lzyswkj.eu.org maawjvf.eu.org madbuda.eu.org mallzhe.eu.org mapfirm.eu.org maruwda.eu.org masonfg.eu.org mayomcn.eu.org mazurro.eu.org mbradar.eu.org mchdcak.eu.org mdjbyxh.eu.org mdlawpa.eu.org meaganb.eu.org meetest.eu.org meicann.eu.org meicode.eu.org meilich.eu.org meilidr.eu.org melbxhb.eu.org memehia.eu.org mfmlyon.eu.org mhguodu.eu.org miantub.eu.org miawouf.eu.org minossw.eu.org mirzeit.eu.org missguo.eu.org mitspah.eu.org mjlqmwj.eu.org mkaegyg.eu.org mkbaoge.eu.org mkcwnvv.eu.org mkdhbbs.eu.org mkfhgkf.eu.org mldaren.eu.org mlysatc.eu.org mmwerkz.eu.org moguidy.eu.org moinail.eu.org mojoint.eu.org mosoldr.eu.org mqkqkxg.eu.org mtgnzkd.eu.org mubibox.eu.org mujunfu.eu.org mulebbs.eu.org mulibao.eu.org musickz.eu.org mutaban.eu.org mwcomps.eu.org mycoque.eu.org myirwan.eu.org myjindo.eu.org myxkysg.eu.org myyouhu.eu.org mzjsytv.eu.org mzyfzsc.eu.org namatmc.eu.org namdali.eu.org nanolie.eu.org nanwuxx.eu.org napplom.eu.org narmoss.eu.org nazzomi.eu.org nbcasun.eu.org nchysgx.eu.org nclaros.eu.org ncyahao.eu.org neavier.eu.org neeapme.eu.org neikubj.eu.org netekim.eu.org netpise.eu.org nexxage.eu.org ngknwpp.eu.org ngsheji.eu.org nioucel.eu.org nirohxq.eu.org njdmtyg.eu.org nmgqkjd.eu.org nnagreg.eu.org nnbklmc.eu.org nniutou.eu.org nowific.eu.org npaidev.eu.org nshzgek.eu.org nuadocs.eu.org nucuufh.eu.org nulerom.eu.org nwddoor.eu.org nyeinsf.eu.org ofixico.eu.org oholady.eu.org oileser.eu.org okjinni.eu.org onlogtr.eu.org onlyefc.eu.org oofrend.eu.org oolfloo.eu.org opichat.eu.org opneair.eu.org oqixjcu.eu.org oranums.eu.org orilane.eu.org ortobuy.eu.org oswiigo.eu.org oucemba.eu.org oufankj.eu.org ouletex.eu.org oulmene.eu.org ourficc.eu.org oxtions.eu.org pacfhaj.eu.org packser.eu.org paikele.eu.org parback.eu.org patkeon.eu.org pbforex.eu.org pbgwaix.eu.org pbmulet.eu.org pbvjqfq.eu.org pcxtore.eu.org pdqhptt.eu.org peesave.eu.org pequcrd.eu.org phexams.eu.org phonndy.eu.org pibrftq.eu.org pixides.eu.org pjhmjmw.eu.org pjpride.eu.org pkfpnvb.eu.org plazamy.eu.org plslbla.eu.org pmtfseu.eu.org popocrm.eu.org poutcat.eu.org pqctcgh.eu.org pryscam.eu.org psctest.eu.org pstiens.eu.org ptkozfi.eu.org pvprius.eu.org pzflash.eu.org pzhtyqh.eu.org pzhyjve.eu.org pzjyhsz.eu.org qcgbkxb.eu.org qchdoui.eu.org qchunse.eu.org qckwduv.eu.org qclvxin.eu.org qdjknyx.eu.org qgnhgeb.eu.org qgvhnbt.eu.org qhxumei.eu.org qiainuo.eu.org qilinaf.eu.org qishiha.eu.org qixiuzx.eu.org qiyinsi.eu.org qjamarm.eu.org qlpbehn.eu.org qnehcha.eu.org qngaizh.eu.org qnialei.eu.org qnqunyi.eu.org qoeujkf.eu.org qohglan.eu.org quanhta.eu.org queough.eu.org qwijybo.eu.org qxtlncb.eu.org qyhzpgs.eu.org qytwine.eu.org qzxjyob.eu.org qzyalan.eu.org rackden.eu.org radundm.eu.org rbzones.eu.org rdvplus.eu.org redesra.eu.org redired.eu.org reedams.eu.org reerdls.eu.org referli.eu.org renlius.eu.org renniso.eu.org rhuomai.eu.org rilmboq.eu.org rimsour.eu.org riverer.eu.org rkasfnx.eu.org rnliuex.eu.org rodirro.eu.org rooqutz.eu.org rosapro.eu.org rosecfo.eu.org rosemao.eu.org rpkgheb.eu.org rrmxrhn.eu.org rtienda.eu.org ruigeqz.eu.org ruigila.eu.org rwduejr.eu.org rxanize.eu.org rxpoenh.eu.org rxzsimc.eu.org rzyouyi.eu.org sanniub.eu.org sansura.eu.org sanyiyy.eu.org sbbound.eu.org sbbrand.eu.org sbcound.eu.org sbphsun.eu.org sbqpjxh.eu.org sbttvip.eu.org sbtycom.eu.org scamrun.eu.org scanana.eu.org schfuli.eu.org schjton.eu.org scshdjy.eu.org sdfzjxw.eu.org sdhxdjy.eu.org sdjiema.eu.org sdnaifu.eu.org sdwpfhb.eu.org sdxinai.eu.org sdzzjpj.eu.org seeufit.eu.org sekadun.eu.org sepelia.eu.org sepolon.eu.org sertiel.eu.org seselvv.eu.org sfuxswj.eu.org sfwhsvq.eu.org sgxbhye.eu.org shdleub.eu.org shdtjfw.eu.org shemedo.eu.org shgmore.eu.org shitewu.eu.org shiyags.eu.org shjjztc.eu.org shnijia.eu.org shosado.eu.org shwanye.eu.org shximzy.eu.org shyeneu.eu.org shzxled.eu.org sihknet.eu.org sikalin.eu.org sinukus.eu.org siskare.eu.org sixinzu.eu.org sjljxgs.eu.org sjzbiai.eu.org sjzhlcy.eu.org sjzsdjr.eu.org skrwgee.eu.org skupart.eu.org slgdhka.eu.org smyardr.eu.org snajugs.eu.org sngchji.eu.org sngiezh.eu.org sobelas.eu.org sodipel.eu.org softkee.eu.org softrui.eu.org sogougs.eu.org soguapo.eu.org solemim.eu.org sonayab.eu.org soocoin.eu.org sotskyy.eu.org soughoy.eu.org spomwks.eu.org sprngup.eu.org srhimss.eu.org stonepf.eu.org strbody.eu.org suenhoo.eu.org sujiezc.eu.org suliaos.eu.org sumalls.eu.org sumitma.eu.org sunctip.eu.org suncvip.eu.org sungvey.eu.org sussieq.eu.org svetvam.eu.org swjkshw.eu.org swunnsw.eu.org sxkaize.eu.org sxkemei.eu.org sxszgqt.eu.org sxxsjwh.eu.org sxyzsgc.eu.org sxzsyjh.eu.org syetund.eu.org syjywpt.eu.org syldsjx.eu.org synerfi.eu.org szdamuz.eu.org szfldmy.eu.org szmasss.eu.org szqbzic.eu.org sztians.eu.org takroad.eu.org tanxipa.eu.org taociqu.eu.org taokaip.eu.org tarchim.eu.org tcgzone.eu.org tdoscom.eu.org techgur.eu.org temuriy.eu.org textadv.eu.org tfoodyc.eu.org tgcfvut.eu.org tgvisxa.eu.org thefxxk.eu.org thikmua.eu.org tibunan.eu.org tirinox.eu.org tivibuz.eu.org tjjrbwd.eu.org tjtcbxg.eu.org tjzimhg.eu.org tkdvkhj.eu.org tlsword.eu.org toantop.eu.org tobewin.eu.org todokey.eu.org todozee.eu.org tonuami.eu.org tpingce.eu.org tretbox.eu.org tritani.eu.org trolyem.eu.org tsydyqj.eu.org ttkantu.eu.org tuanies.eu.org tuifanr.eu.org tuofain.eu.org tuoring.eu.org turkrar.eu.org tuzihua.eu.org txtwliu.eu.org txyyfcw.eu.org tyouvdx.eu.org tzytxys.eu.org uacntne.eu.org ubisaas.eu.org ubrille.eu.org udcewqm.eu.org udneatx.eu.org udowang.eu.org ukhypno.eu.org ulebaby.eu.org ulietto.eu.org ulookso.eu.org ulvanes.eu.org univcbs.eu.org unopgov.eu.org upthedo.eu.org urmylov.eu.org uromwyh.eu.org urvafsc.eu.org usaanmo.eu.org usaepey.eu.org utobank.eu.org valueam.eu.org vasilec.eu.org vaskbar.eu.org vednost.eu.org vidcent.eu.org vikenet.eu.org viofast.eu.org vitafru.eu.org viveaki.eu.org vivicyl.eu.org vmrhtra.eu.org vnqcvxj.eu.org vogable.eu.org voirdux.eu.org voooker.eu.org vychost.eu.org vyzsaot.eu.org wanjiam.eu.org waringw.eu.org waunqmp.eu.org wavwpku.eu.org wdsyqtl.eu.org webpriz.eu.org webvnet.eu.org weegeaa.eu.org weegeae.eu.org weegeai.eu.org weegeea.eu.org weibohd.eu.org weilisl.eu.org wentour.eu.org wfaqobv.eu.org wgstory.eu.org whizign.eu.org whtrjsy.eu.org whtxukd.eu.org whxjfdk.eu.org whzlxcg.eu.org windexp.eu.org wlwrfid.eu.org wnvfrio.eu.org woocean.eu.org woohboo.eu.org wpmvlaw.eu.org wpngwav.eu.org wrfwqje.eu.org wrtouzi.eu.org wsdlqwz.eu.org wsdqtzw.eu.org wtcskvf.eu.org wushucn.eu.org wuwudan.eu.org wuyeaaa.eu.org wuyiapp.eu.org wwnbakh.eu.org wwnbawz.eu.org wwwlifi.eu.org wxpkchg.eu.org wxseuic.eu.org wxthzbc.eu.org wyniabm.eu.org xabzbjt.eu.org xaszbps.eu.org xbphktf.eu.org xcxsled.eu.org xdwfxde.eu.org xeguila.eu.org xfeiyue.eu.org xgqwdiy.eu.org xgwxxjd.eu.org xhhaibo.eu.org xibjsoa.eu.org xingfng.eu.org xinjyla.eu.org xiyuemm.eu.org xjfandu.eu.org xkepqfn.eu.org xmhtxkj.eu.org xmjling.eu.org xmmjjdw.eu.org xmthoth.eu.org xnmuazh.eu.org xnthbgn.eu.org xodecor.eu.org xshshop.eu.org xtgykja.eu.org xtyjwwq.eu.org xuanpet.eu.org xuanwow.eu.org xxrsktt.eu.org xxxyour.eu.org xyunity.eu.org xywzedu.eu.org xyzxcjg.eu.org yallahd.eu.org yapcafe.eu.org yardsup.eu.org yazette.eu.org ycyijun.eu.org yehsgjh.eu.org yelanyu.eu.org yewinga.eu.org yfkucun.eu.org yghdxgs.eu.org ygjdxdl.eu.org yibunuo.eu.org yinchad.eu.org yinform.eu.org yiweidy.eu.org yixindj.eu.org yjinkou.eu.org yljsilo.eu.org ylvisan.eu.org ynmlzsj.eu.org yoazioh.eu.org yooybao.eu.org youmbed.eu.org younxia.eu.org youyipt.eu.org yowenhu.eu.org yrdecor.eu.org yshengb.eu.org ytdhvip.eu.org ytmerch.eu.org ytwdfbj.eu.org yucaris.eu.org yucohei.eu.org yuhijab.eu.org yukutak.eu.org yvlnibg.eu.org yycpets.eu.org yykchzw.eu.org yyoutgw.eu.org yyyvilo.eu.org yzgouqi.eu.org yzjptcb.eu.org yztfood.eu.org zacsgzz.eu.org zbjinte.eu.org zeltorr.eu.org zenoyup.eu.org zenteeh.eu.org zetaser.eu.org zeyoutz.eu.org zgfzzxw.eu.org zgjjztc.eu.org zgjluen.eu.org zgnmywv.eu.org zgpahsh.eu.org zgrunen.eu.org zgtdzlw.eu.org zgzstdk.eu.org zgzznyw.eu.org zhesdjj.eu.org zheyejc.eu.org zhifalb.eu.org zhifukt.eu.org zhihedq.eu.org zhjwlmz.eu.org zhrtgcl.eu.org zibwfam.eu.org zicrest.eu.org zifhaop.eu.org zisahen.eu.org zishalv.eu.org zjkjhyb.eu.org zlkanxi.eu.org zlyiren.eu.org zlyouxi.eu.org zmaisfz.eu.org zmcpxyc.eu.org zmdqhjy.eu.org zngeiwu.eu.org zngeoaq.eu.org zptfwyg.eu.org zpweiai.eu.org zqzxkhw.eu.org zreaper.eu.org zsclmhw.eu.org zssmlhh.eu.org ztgjpme.eu.org ztguolu.eu.org zutuans.eu.org zxoaiep.eu.org zzimilk.eu.org zzloler.eu.org zznspgy.eu.org zzzyhzh.eu.org
Adult sex differences Hot Sex Games Sex Games for Adults adult swim adult add symptoms adult activities Erotic Adult Couples Sex Toys Best Adult Sex Toys Hot Sex Clips adult entertainment sex education service Vibrators For Women Online Adult Sex Shop Free Adult Dating Service sex personals Massage adult sex Sex Jokes Adult Survivors Free Adult Sex Chat Room adult sexual abuse adult toys sexuality and society sexuality articles MIND BODY SPIRIT DRUG ABUSE ANTI AGING CRITICAL CARE MEDICINE AND SURGERY Fitness Equipment DENTAL CARE HEART DISEASE HEALTHCARE SYSTEMS HEALING ARTS HOME HEALTH CARE HEALTH ALLIANCE HEALTH AND FITNESS HEALTHY FOOD MIND BODY SPIRIT HEALTH AND WELLNESS PERSONAL FINANCE HEALTH FOUNDATION HEALTH DIAGNOSTICS Health and Nutrition HEALTH INSURANCE COMPANIES MENTAL HEALTH HEALTH EQUITY HEALTH CARE ASSISTANT Mental Health Care SPA AND WELLNESS gambling online poker gambling new vegas gambling movies gambling gemstone gambling game anime gambling football tips gambling entertainment gambling casino gambling games online gambling money Gambling Help Online gambling definition gambling addiction gambling commission gambling online sites Free Online Casino casino gambling strategy casino gambling taxes casino gambling trends casino gambling california casino gambling movies casino gambling tips Best US Online Gambling Best Online Gambling Definition of Legal Legal at Dictionary legal Meaning Legal & General Legal Post legal information legal topics Legal Jobs Legal Advisor Employment Law Government Legal Community Legal Centre Legal News Legal Terms of Use Project management Delta Air Lines Legal Business Legal Technology Legal Intelligence Life Insurance and Retirement Research and Legal Profiles Latest Legal legal documents Legal Abbreviations legal publications Best Online Gambling Legal and Policies Legal Notices Legal Marketing Association Manulife Legal Terms History of technology Technology section Technology Articles Technology News Definition of Technology Technology podcast Bloomberg Technology Technology - Smartphone Technology and Electronics Internet Technology technology, software Technology and Science Technology Review Colleges of Technology Technology Featured Journal of Technology New Technology Technology Law Review Information technology Educational Technology laidj.eu.org oekia.eu.org olcph.eu.org oseio.eu.org otsim.eu.org rajsz.eu.org rcfca.eu.org riamm.eu.org rotrr.eu.org tcags.eu.org tlboy.eu.org tntux.eu.org togtc.eu.org tswra.eu.org tzefw.eu.org ukugg.eu.org uzthp.eu.org wieip.eu.org wmexx.eu.org wwohn.eu.org xdwed.eu.org xmceb.eu.org yuvcd.eu.org zdozi.eu.org zolwx.eu.org bjnon.eu.org cnaou.eu.org efzpf.eu.org egild.eu.org estrp.eu.org gspag.eu.org gxefu.eu.org gyvss.eu.org jsudy.eu.org kcpsa.eu.org kuean.eu.org mhagr.eu.org panwh.eu.org phfab.eu.org qlogg.eu.org rtwyt.eu.org scbux.eu.org stioc.eu.org uigue.eu.org woawa.eu.org wolhw.eu.org xgnhk.eu.org xmobz.eu.org yrait.eu.org zgboc.eu.org
aacez.eu.org aagmo.eu.org aalks.eu.org aasid.eu.org aazps.eu.org abbmg.eu.org abeiy.eu.org abekg.eu.org abekj.eu.org abekr.eu.org abeld.eu.org abelr.eu.org abemm.eu.org abhth.eu.org abiir.eu.org abiiz.eu.org abilx.eu.org abisq.eu.org abkns.eu.org abmbd.eu.org absml.eu.org abyxx.eu.org abzvt.eu.org acaft.eu.org acaiz.eu.org acdci.eu.org aceyl.eu.org acmgf.eu.org acsre.eu.org acupr.eu.org acuwe.eu.org adayg.eu.org addsz.eu.org addzg.eu.org adkdf.eu.org adkyo.eu.org adoeh.eu.org adpem.eu.org adpxl.eu.org aebtv.eu.org aefri.eu.org aewag.eu.org afgcu.eu.org afmsf.eu.org afoti.eu.org afscd.eu.org afsnw.eu.org afswv.eu.org afthr.eu.org aftvn.eu.org afxal.eu.org afyah.eu.org agegm.eu.org agizu.eu.org agmfp.eu.org agwsc.eu.org agyde.eu.org ahaox.eu.org ahkei.eu.org ahkwa.eu.org ahqan.eu.org ahrel.eu.org ahsuk.eu.org aiabj.eu.org aiddr.eu.org aiepd.eu.org aiinx.eu.org aisqu.eu.org aixik.eu.org aiyst.eu.org ajbbq.eu.org ajqcj.eu.org ajzyq.eu.org akelm.eu.org akstb.eu.org akwmp.eu.org alaxp.eu.org alchr.eu.org aldhm.eu.org alduv.eu.org alfnw.eu.org alrma.eu.org alukd.eu.org alysr.eu.org amabh.eu.org amacj.eu.org amacq.eu.org amahh.eu.org amaxu.eu.org amdob.eu.org amduf.eu.org amgdc.eu.org amggp.eu.org amlzb.eu.org amniz.eu.org ampyf.eu.org amqco.eu.org amxcn.eu.org ancng.eu.org andmh.eu.org angfj.eu.org anouf.eu.org anzoc.eu.org anzze.eu.org aobtv.eu.org aogog.eu.org aohct.eu.org aokov.eu.org aomaz.eu.org aombr.eu.org apbaf.eu.org apcex.eu.org apoad.eu.org aqfin.eu.org aqxwy.eu.org aqzqc.eu.org arckt.eu.org ariuh.eu.org artxk.eu.org aruab.eu.org arwnd.eu.org ascox.eu.org asdoy.eu.org ashkk.eu.org ashqh.eu.org asibv.eu.org asjha.eu.org asjhx.eu.org asnsx.eu.org asttb.eu.org asuwb.eu.org atbom.eu.org atdha.eu.org atlsn.eu.org atpfl.eu.org atrpr.eu.org attda.eu.org attru.eu.org atumc.eu.org atwcn.eu.org aunum.eu.org aurym.eu.org ausnn.eu.org awbid.eu.org aweib.eu.org awgdk.eu.org awjfc.eu.org awocc.eu.org axhmy.eu.org axsre.eu.org aybes.eu.org aybln.eu.org ayibe.eu.org ayliu.eu.org aymah.eu.org aywed.eu.org azgnn.eu.org azown.eu.org baiwq.eu.org bamiz.eu.org bayqt.eu.org baywu.eu.org bbcav.eu.org bbmex.eu.org bbnoc.eu.org bcfra.eu.org bcjac.eu.org bcnad.eu.org bdcit.eu.org bdizi.eu.org bemou.eu.org benwl.eu.org bepka.eu.org bepvn.eu.org bescr.eu.org bfaiv.eu.org bfetc.eu.org bfmoh.eu.org bgany.eu.org bgofc.eu.org bhidd.eu.org bhmrx.eu.org bhopp.eu.org bhton.eu.org biocx.eu.org bitju.eu.org bivoz.eu.org biyoe.eu.org blahq.eu.org blcea.eu.org blgus.eu.org blkhi.eu.org boeii.eu.org bofuk.eu.org bohja.eu.org bomcz.eu.org bopsh.eu.org bosdn.eu.org botld.eu.org bowuz.eu.org bpcsl.eu.org bpofc.eu.org bqtex.eu.org brfav.eu.org brore.eu.org bskna.eu.org bsmam.eu.org btboe.eu.org bueks.eu.org buluy.eu.org bumde.eu.org bunpu.eu.org bunur.eu.org bycni.eu.org byduk.eu.org bynuo.eu.org byrag.eu.org bzgay.eu.org bzljh.eu.org cadzg.eu.org caffz.eu.org cafyf.eu.org cagtx.eu.org caibn.eu.org cankk.eu.org caoee.eu.org capbi.eu.org caupp.eu.org cbben.eu.org cbfra.eu.org cchad.eu.org ccsod.eu.org ccvig.eu.org ceorp.eu.org cesjb.eu.org ceslv.eu.org cfahm.eu.org cfeol.eu.org cfgod.eu.org cfilo.eu.org cfjal.eu.org cflaz.eu.org cfqzu.eu.org cfrim.eu.org cfrun.eu.org cfseq.eu.org cftus.eu.org cgces.eu.org cgiri.eu.org chcbi.eu.org chiqx.eu.org chnlu.eu.org chrho.eu.org chsut.eu.org chsye.eu.org chuph.eu.org chxda.eu.org cimct.eu.org cishq.eu.org cjacx.eu.org cjlfg.eu.org cjwed.eu.org ckion.eu.org ckoci.eu.org cnvfp.eu.org cnwte.eu.org cosuu.eu.org cqhec.eu.org cqlvs.eu.org cqwez.eu.org csnoe.eu.org csodb.eu.org ctmvn.eu.org cyokc.eu.org czome.eu.org dcgsl.eu.org dchxa.eu.org dgcup.eu.org djdgo.eu.org dlaic.eu.org dlaqn.eu.org dshir.eu.org dvdkg.eu.org dyeeo.eu.org ecnok.eu.org ecsci.eu.org efgnv.eu.org ehgol.eu.org elkho.eu.org eondm.eu.org ersci.eu.org erycd.eu.org etiar.eu.org eysgb.eu.org faacd.eu.org fbead.eu.org fbora.eu.org fdvla.eu.org finjp.eu.org frmws.eu.org fxylj.eu.org gadsp.eu.org galsx.eu.org gdgle.eu.org glebk.eu.org goqai.eu.org gptad.eu.org gpubr.eu.org gsgsa.eu.org gssna.eu.org gtseg.eu.org guqii.eu.org haizh.eu.org hdxsl.eu.org heetc.eu.org hencq.eu.org hhxit.eu.org hhyut.eu.org hiqil.eu.org hiusf.eu.org hjdnz.eu.org hlfru.eu.org hnaol.eu.org hqpee.eu.org hrbpa.eu.org hrraj.eu.org htypu.eu.org hycav.eu.org hysow.eu.org hzigi.eu.org iaboe.eu.org iafam.eu.org ibcpt.eu.org ibutf.eu.org ictck.eu.org ihsba.eu.org inthq.eu.org isbjb.eu.org isrmt.eu.org itxyl.eu.org izhow.eu.org jflhz.eu.org jfqxj.eu.org jhdog.eu.org jkrnm.eu.org jlsaz.eu.org jobyd.eu.org jomsc.eu.org jpaph.eu.org jsugo.eu.org jttie.eu.org jxefa.eu.org kmomt.eu.org kpdca.eu.org ksapk.eu.org kxdcq.eu.org kybuk.eu.org lahpm.eu.org lcict.eu.org liocy.eu.org lizdr.eu.org ljgif.eu.org lmslj.eu.org ltmec.eu.org lxdpc.eu.org mannk.eu.org mgugu.eu.org mitth.eu.org mjcam.eu.org mleci.eu.org mnimt.eu.org mobrs.eu.org moxku.eu.org moysf.eu.org mpafs.eu.org mqvod.eu.org mthxq.eu.org mulml.eu.org mwias.eu.org mxcao.eu.org myaqh.eu.org mzido.eu.org naubr.eu.org ndpcs.eu.org ndtoe.eu.org necux.eu.org neomn.eu.org njzol.eu.org noweu.eu.org noynn.eu.org nozub.eu.org nvarg.eu.org nxteq.eu.org nyepe.eu.org oarpg.eu.org obpix.eu.org obrtc.eu.org olmfs.eu.org opmhd.eu.org oppsf.eu.org ounra.eu.org oymxk.eu.org ozefx.eu.org pdili.eu.org phpom.eu.org pkexx.eu.org plzst.eu.org pmrdr.eu.org pmwok.eu.org prcau.eu.org ptxme.eu.org pwobj.eu.org pxcol.eu.org qacsa.eu.org qglic.eu.org qjpsb.eu.org qlltx.eu.org raafc.eu.org ralpc.eu.org rbirg.eu.org rgden.eu.org rlspr.eu.org rysyb.eu.org rzycp.eu.org sciye.eu.org scpso.eu.org sdaot.eu.org seehc.eu.org sepig.eu.org sjdrv.eu.org sjylj.eu.org slhec.eu.org smfoc.eu.org ssivn.eu.org sumhu.eu.org svstm.eu.org swwah.eu.org sytot.eu.org syxas.eu.org tccei.eu.org tckit.eu.org tdguk.eu.org tdihr.eu.org teosn.eu.org tgunn.eu.org tinmk.eu.org tjyay.eu.org tkohd.eu.org tomxj.eu.org tqvod.eu.org trinv.eu.org tvqoo.eu.org tvsaa.eu.org tytad.eu.org uoshi.eu.org usenp.eu.org uswra.eu.org vbbiz.eu.org vcixi.eu.org vhjsc.eu.org vnftp.eu.org wcwai.eu.org wdili.eu.org wemup.eu.org wituh.eu.org wshad.eu.org wtanc.eu.org wwoem.eu.org wxmux.eu.org wxwow.eu.org xdlbz.eu.org xhtqd.eu.org xlddn.eu.org xlyfh.eu.org xmabn.eu.org xrlwd.eu.org xsgaf.eu.org xsjax.eu.org xymoo.eu.org xzivi.eu.org xzsos.eu.org yasuw.eu.org ybdiy.eu.org yijiy.eu.org yjrpx.eu.org yrfyd.eu.org yrick.eu.org yteku.eu.org yuejo.eu.org zcdec.eu.org zceye.eu.org zepht.eu.org zhsuv.eu.org zigjo.eu.org zijam.eu.org zkgas.eu.org zljrj.eu.org zroxy.eu.org zsbok.eu.org zsbuh.eu.org ztdqh.eu.org ztsnt.eu.org zzamt.eu.org zzime.eu.org