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Author Topic: What is going on in Italy?  (Read 751 times)

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Offline Confederate

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What is going on in Italy?
« on: May 28, 2018, 04:26:39 PM »
Italy is deeply in debt and wanted to go populist and possibly leave the EU but this has been delayed.

https://www.bbc.co.uk/news/amp/world-europe-44280046
To coexist with communism on the same planet is impossible. Either it will spread, cancer-like, to destroy mankind, or else mankind will have to rid itself of communism (and even then face lengthy treatment for secondary tumors).
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Re: What is going on in Italy?
« Reply #1 on: May 29, 2018, 03:18:41 AM »
Italy is deeply in debt and wanted to go populist and possibly leave the EU but this has been delayed.

https://www.bbc.co.uk/news/amp/world-europe-44280046
Italians basicly see the Euro as too strict for their economy.

Therefore, they all voted in parties that promised to get rid of the Euro.

Now, the new ruling parties selected a minister of Finance that is very Euro-sceptical and wants to re-instate the Italian Lira instead.

The president (current) of Italy however, thinks this is a bad idea and therefore blocked the appointment of the new minister of Finance.

In a nutshell.
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Offline Confederate

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Re: What is going on in Italy?
« Reply #2 on: May 29, 2018, 10:05:14 AM »
Italy is deeply in debt and wanted to go populist and possibly leave the EU but this has been delayed.

https://www.bbc.co.uk/news/amp/world-europe-44280046
Italians basicly see the Euro as too strict for their economy.

Therefore, they all voted in parties that promised to get rid of the Euro.

Now, the new ruling parties selected a minister of Finance that is very Euro-sceptical and wants to re-instate the Italian Lira instead.

The president (current) of Italy however, thinks this is a bad idea and therefore blocked the appointment of the new minister of Finance.

In a nutshell.

I gathered what you’re saying while watching a program on TV, thank you for confirming.
To coexist with communism on the same planet is impossible. Either it will spread, cancer-like, to destroy mankind, or else mankind will have to rid itself of communism (and even then face lengthy treatment for secondary tumors).
Aleksandr Solzhenitsyn


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Re: What is going on in Italy?
« Reply #3 on: May 29, 2018, 10:53:04 AM »
Some of the down-market countries in the EU - typically the ones with the best beaches - like to inflate away their debt be devaluing their currency.  That was a popular move in Spain and Portugal also. 

That and Italians have been subject to the same slow-motion invasion by street-shitters from the Dirt World and they're getting sick of it.  Simples.

B/B
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Re: What is going on in Italy?
« Reply #4 on: May 29, 2018, 01:08:17 PM »
Some of the down-market countries in the EU - typically the ones with the best beaches - like to inflate away their debt be devaluing their currency.  That was a popular move in Spain and Portugal also. 

That and Italians have been subject to the same slow-motion invasion by street-shitters from the Dirt World and they're getting sick of it.  Simples.

B/B

It's part of the same game, like the US Empire it's doing, printing "Fiat" money (toilet paper) and selling  it abroad to keep it's value up and thus has created a Debt of $ 21 + Trillion Dollars that has no intention ever paying it back.

At the same time, following the Mafia tactics, the US Empire promised protection to Saudi and other Middle East countries and obligate them to invest their Petro $$$ in the American banks.......to play in the Casino called Wall Street. Without the Petro $$$ the Empire would have gone bust many years ago.

Corrupt US banksters flooded the US housing market with subprime loans*  to everybody without checking their ability to pay or not, and then when they defaulted  they confiscated the houses, packaged the deals and sold them to Greedy European banks.

*"In finance, subprime lending (also referred to as near-prime, subpar, non-prime, and second-chance lending) means making loans to people who may have difficulty maintaining the repayment schedule, sometimes reflecting setbacks, such as unemployment, divorce, medical emergencies, etc"

In Europe the 4rth Reich, it's not a Sovereign nation but it's operating as the Private companies, it's a colony and a stooge of the US empire untill 2099, followed  the same tactics, imposed the Euro to the other EU members and has acquired control of their banking system and other assets too.  The 4rth Reich now controls most of the banking System of France, Spain, Portugal and the Baltic countries too. Netherlands and Luxembourg acting as clearing houses to the Large (mostly) American Corporations and help them NOT to pay any taxes. 

Soros and its "Open Society ", on behalf of the Hegemon,  has spent many Billions to flood the EU countries with immigrants and by doing so has destroyed the cohesion of the EU countries.

Meanwhile the Mafia representative Trump, is doing it's best to destroy it's arch rival and enemy Russia......but Putin has proved to be a very clever fox and has avoided head on confrontation.......and now has secured the protection of his country.

As predicted by some economists in the US the end of the Empire it's approaching very fast..... one of them said.... as early as 2030???

The Italians, finally wake up to the Hegemons intentions and voted for populist parties... see how long their President will last!

May I remind all the French revolution and why it's happened?
I suggest you read a bit of history and learn.

 tiphat
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Re: What is going on in Italy?
« Reply #5 on: May 29, 2018, 05:53:16 PM »
As I noted earlier

In that the origional PIGS were Portugal, Italy* and Greece and Spain. I can imagine the markets might become concerned with talk of default.

On the other side of the coin I wonder how long this Italian government will last. Italian governments are much like certain women I met regarding certain garments and the duration of there use.

* While it was Ireland that crashed and burned it was for different reasons than the national debt.

Wiz in fact started a thread regarding this topic, but some are to indolent too look before beginning a new topic. The link he posted is quite interesting and worth reading.

In the end of the day the Cliff note version of Markje sums it up nicely. It is business as usual on the Boot. But I will venture that the Lira will not return. One Italians will not be able to white wash Lira where ever & two foreign merchants do not like pricey designer toilet paper.
“If you aren't in over your head, how do you know how tall you are?” T.S. Eliot

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Re: What is going on in Italy?
« Reply #6 on: May 29, 2018, 05:57:53 PM »
Quote
May I remind all the French revolution and why it's happened?

European rulers have a habit of waging wars which ends up costing them the hold on power.  By all means read the history of the world compilation and the incessant wars in Europe, Asia, Africa, and everywhere in between. :GRRRR: :coffeeread:

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Re: What is going on in Italy?
« Reply #7 on: May 29, 2018, 06:55:10 PM »

Meanwhile the Mafia representative Trump, is doing it's best to destroy it's arch rival and enemy Russia......but Putin has proved to be a very clever fox and has avoided head on confrontation.......and now has secured the protection of his country.


Sorry I can not resist!

I guess Trump is no longer a Zionist but now part of the Mafia. OK lets run with this what as he done to "destroy it's arch rival and enemy Russia."?

Curious why do you think America is the arch rival of Russia?
“If you aren't in over your head, how do you know how tall you are?” T.S. Eliot

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Re: What is going on in Italy?
« Reply #8 on: May 29, 2018, 09:01:53 PM »

{Lots of words about the US.}

Wiz I don't generally bother to respond - or even read - your posts because I find them to be the type of thing one might expect to be the product of a diseased mind.  All your whining and petulance about the US has precious little to do with ITALY...you know, the SUBJECT of this thread.

I'd suggest you've lost the plot, but I'm pretty sure that happened long ago...

As predicted by some economists in the US the end of the Empire it's approaching very fast..... one of them said.... as early as 2030???

Yes, yes.  This sort of jackoffery is nice fodder for a good wank by our America-hating Leftist Failure Friends...and yet the Long-Promised Comeuppance for the US never seems to materialize.

May I remind all the French revolution and why it's happened?
I suggest you read a bit of history and learn.

I'm sometimes "warned" about this here by domestic Leftists....the kind that don't seem to realize that it's MY side that has the guns, while they have...what?  Hashtags and "hurtful words"....

 :coffeeread:

B/B
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If your religion insults my intelligence, don't be surprised when my intelligence insults your religion.

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Re: What is going on in Italy?
« Reply #9 on: May 29, 2018, 11:32:53 PM »

{Lots of words about the US.}

Wiz I don't generally bother to respond - or even read - your posts because I find them to be the type of thing one might expect to be the product of a diseased mind.  All your whining and petulance about the US has precious little to do with ITALY...you know, the SUBJECT of this thread.

I'd suggest you've lost the plot, but I'm pretty sure that happened long ago...

As predicted by some economists in the US the end of the Empire it's approaching very fast..... one of them said.... as early as 2030???

Yes, yes.  This sort of jackoffery is nice fodder for a good wank by our America-hating Leftist Failure Friends...and yet the Long-Promised Comeuppance for the US never seems to materialize.

May I remind all the French revolution and why it's happened?
I suggest you read a bit of history and learn.

I'm sometimes "warned" about this here by domestic Leftists....the kind that don't seem to realize that it's MY side that has the guns, while they have...what?  Hashtags and "hurtful words"....

 :coffeeread:

B/B

But but but.....Venezuela! It’ll work, just give it time!  :ROFL:     :ROFL:      :ROFL:
To coexist with communism on the same planet is impossible. Either it will spread, cancer-like, to destroy mankind, or else mankind will have to rid itself of communism (and even then face lengthy treatment for secondary tumors).
Aleksandr Solzhenitsyn

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Re: What is going on in Italy?
« Reply #10 on: May 30, 2018, 01:28:59 AM »
But but but.....Venezuela! It’ll work, just give it time!  :ROFL:     :ROFL:      :ROFL:

 :ROFL:    tiphat

Heads up, Wiz will soon consider the entire RUA posting population as Zionists (well maybe not Moby)
“If you aren't in over your head, how do you know how tall you are?” T.S. Eliot

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Re: What is going on in Italy?
« Reply #11 on: May 30, 2018, 02:00:14 AM »
As I noted earlier

In that the origional PIGS were Portugal, Italy* and Greece and Spain. I can imagine the markets might become concerned with talk of default.

On the other side of the coin I wonder how long this Italian government will last. Italian governments are much like certain women I met regarding certain garments and the duration of there use.

* While it was Ireland that crashed and burned it was for different reasons than the national debt.

Wiz in fact started a thread regarding this topic, but some are to indolent too look before beginning a new topic. The link he posted is quite interesting and worth reading.

In the end of the day the Cliff note version of Markje sums it up nicely. It is business as usual on the Boot. But I will venture that the Lira will not return. One Italians will not be able to white wash Lira where ever & two foreign merchants do not like pricey designer toilet paper.

Can you please remind me which one of my posts you are referring to and post a link to save time.

Thank you
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Re: What is going on in Italy?
« Reply #12 on: May 30, 2018, 03:25:20 AM »

Can you please remind me which one of my posts you are referring to and post a link to save time.

Thank you

Read More: New Italian government set to rattle euro consensus

Per you request.  tiphat

From the above noted article: "Also, remember that the euro zone itself is still an unfinished project in terms of developing into a fully fledged fiscal and banking union. In particular,the link between sovereign debt and the health of domestic banking systems has not been broken. And no banking system is more exposed to its sovereign debt than Italy’s." 

“If you aren't in over your head, how do you know how tall you are?” T.S. Eliot

Online Wiz

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Re: What is going on in Italy?
« Reply #13 on: May 30, 2018, 05:48:47 AM »

{Lots of words about the US.}

1) Wiz I don't generally bother to respond - or even read - your posts because I find them to be the type of thing one might expect to be the product of a diseased mind.  All your whining and petulance about the US has precious little to do with ITALY...you know, the SUBJECT of this thread.

I'd suggest you've lost the plot, but I'm pretty sure that happened long ago...

As predicted by some economists in the US the end of the Empire it's approaching very fast..... one of them said.... as early as 2030???

2). Yes, yes.  This sort of jackoffery is nice fodder for a good wank by our America-hating Leftist Failure Friends...and yet the Long-Promised Comeuppance for the US never seems to materialize.

May I remind all the French revolution and why it's happened?
I suggest you read a bit of history and learn.

3). I'm sometimes "warned" about this here by domestic Leftists....the kind that don't seem to realize that it's MY side that has the guns, while they have...what?  Hashtags and "hurtful words"....

 :coffeeread:

B/B


1) If you don't bother to read my posts and comprehend what I am talking about than you are not much different from Moby, in this case, who does exactly the same.

Your superiority inflated ego of knowledge does make you blind and incapable to follow the narrative that I have outlined in my post. If you were able to follow the narrative than you would have understood how the US policies and actions affect not only Italy but the whole Europe via its vassal colony, Germany!

I suggest you make time and read this article by "Petar Kocalev" and you may learn something!

Is the EU the US's vassal?

If you want to learn more..... check this book.....which I read....in a Greek translation.

Die deutsche Karte (German) Hardcover – 2007

The book is focused on contradictions between the United States and Germany, sometimes very strong but not supposed to be discussed in public. It was published in Austria. The very fact of its appearance indicates that the German intelligence community is increasingly dissatisfied with the role of a vassal of the United States (Definition applied to Europe by Zbigniew Brzezinski), imposed on Western Germany after World War II.

Gerd-Helmut Komossa reveals the uncomfortable truth about the post-war conditions, dictated by the US and its allies. The state treaty, dated 21 May 1949 and classified by BND as top secret, suggests restrictions of state sovereignty of the Federal Republic of Germany, introduced for a period until 2099.
 
All German political parties are supervised by a special Washington-based controlling body. Local US-licensed media serve as a more sophisticated means of brainwashing than the Nazi propagandist machine. Meanwhile, Germany's territory is still occupied by US troops.

https://www.amazon.com/Die-deutsche-Karte-Gerd-Helmut-Komossa/dp/390247534X

The Euro is a hard and defective currency

Back in the 1980s, the leaders of Germany and France conceived the idea of a single European currency. On the surface in their various speeches and rhetoric, told us, they would have a single European currency that will bring the European economy to become more efficient and productive. But in fact their motivation was political.

Under a single currency, all countries that will adopt the EURO should abandon their own national monetary sovereignty. In other words, countries like France and Germany should stop issuing French Francs and Deutsche Marks and therefore could no longer conduct independent monetary and fiscal policy. Thus from being publishers of their own currencies (a position that has huge benefits) were made simple users of the new currency.

Political leaders promoting their plan made everyone believe that it was a great idea. Eventually the day arrived, in 1999, when the euro became the official currency of 11 European nations. This was followed by other states but few remained outside the Euro, such as the UK.

The truth about the creation of the Euro

Our propaganda told us, that the Euro was born (invented) to unite economically, emotionally and politically; all the countries of Europe, to give in this united Europe the economic strength that soon will match and compete with the almighty US economy, which was a fallacy and tripe.

So, which were the real reasons, the parameters and scope that took into consideration the lecturer '' Robert Mandell '' of Columbia University (who is considered the father of the Euro) when invented and designed the new Currency?

The same professor had planned the economic policy “Supply side Economics”, the bright star and guide of the Reagan and Thatcher governments, that later George Bush senior has call it "Voodoo Economics ". Reagan, Thatcher, the Voodoo and the Euro are the two sides of the same coin.

Like the Iron Lady and president Gaga the euro is rigid and unbending. Simply put it, when a Member state joins the euro no longer can fight an economic recession by using fiscal and monetary policy. All that can do is to make pay cuts, tax abatement, eg reduction of public jobs and reduce benefits and allowances and pursuit  privatisations and the sell-off of state property.

So the only solution for a government to create jobs is to impose austerity measures (naturally with reduced-cost in wages) make large layoffs, cut allowances, salaries, pensions and other benefits and rights enjoyed by the people. Most importantly is to remove all working conditions and labour protective laws that create obstacles to the operation of large businesses.

That is exactly what we have seen happening every day in many EU countries, Portugal, Spain, Italy, Ireland and Greece, which leads to a complete dissolution and destruction of these societies and the people! The distraction of these societies and the memoranda imposed to them are terms and aim of the euro and not what the politicians and their parrots tell us on TV, which are fairy tales to keep their chairs.

In simple words what is taking place is the return to the middle Ages where there were only slaves and serfdom, without any rights to for the labour force.

The Euro was invented in the USA, most likely by CIA, with funding from the American bandit banks that took advantage of the EU, in cooperation with Germany and France.

The banksters, having attained full freedom in the New York casino of the  '' Wall Street '', as already explained in a previous post (which many read but ignored it!)  “END GAME”, that wet their appetite, felt it was time to grow to the rest of the planet and of course the EU group was and is one of the most developed and bigger blocks.     

Their objective was the complete removal of any laws and measures that stood on their way, obstructs and regulates the free uncontrolled movement of large speculative capital of the ''so called'' investment markets in blocks like the EU and naturally was accomplished through the euro.

EURO we were told by the supporters and devotees, is the straitjacket that would abolish at stroke of the pen all the restrictive laws on stock exchanges, banks, industrial relations and the general economy of the EU Members. Put simply all they wanted was to create an open field with no fences, where they will be entering and roam freely to achieve their objectives and they succeeded. Their purpose was/is the complete destruction of nation state and plundering of the Member. The results speak for themselves with the famous "utilization and improvement of public property" ie acquisition and selling off at rock bottom prices.

In test experiment of Greece, only the large multinational companies earn while the medium and small, suffer and closing down. The labour laws were abolished, the state provision of public health has been destroyed, as also education, banking, medium and light industry, agricultural production and now time has come to acquire the houses at rock bottom prices, making 1000’s people homeless driving them to commit suicide.

Germany and particularly the Deutsche Bank is controlled by the ECB which is under the thumb of Goldman Sachs, JP Morgan, City group with the Rothchild’s behind all of Central banks. What we see today was planned and implemented first in Russia during the 80s. Check in “YouTube” and see the film “Catastroika”.

We all know about the fraud swap that the Greek Government made with Goldman Sachs in an effort to hide and lower the budget deficit below the 3% that is imposed by the Euro, to all members as a maximum deficit of the budget compared to GDP. 

This 3% is the great fraud, because when a nation becomes a member of the euro and the eurozone immediately lose any tool that have at its disposal to defend itself against a recession and other problems. Simply put it the 3% restriction deny from the member state the right to have, budgetary and financial policy of its own, as explained above, so it is fraud.

Within the Eurozone member states are not allowed the right to give state financial assistance to save business and reopen the internal market. In actual fact, was Germany first that broke this limit and later returned within 3%. Now of course, as we hear, threatens to put and fines if a Member escape from the Euro terms. Moreover from 1 July 2013, all the economies and budgets are controlled by the EFSF and ECB.

I posted the above article on the 30 December 2013 on a Greek Site and was translated by Google, so sorry for any mistakes.... no time for corrections.

Italy now is in the middle of the typhoon but it is not a country, small as Greece to easily control.........so they used the President to make a coupe but as you can see.... the future of Italy affects drastically the whole EU and also the international markets.

The Italians are well locally organised and the parties of 5 Star and Lega control almost all local councils.

I will not be surprised for the developments in the next 3 months, which may lead to the distraction of the EU.

End of Educating B.B and other ignorant souls........ and

B.B I will not bother answering your bullshit comments in no 2 & 3 to satisfy your inflated ego. Your supposedly superior knowledge but ignorance in my book, about economic and political affairs it's a waste of my time.

I get more satisfaction talking to intelligent and well educated Greek posters than reading your bullshit posts here.

 tiphat





 
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Online Wiz

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Re: What is going on in Italy?
« Reply #14 on: May 30, 2018, 06:11:40 AM »

Can you please remind me which one of my posts you are referring to and post a link to save time.

Thank you

Read More: New Italian government set to rattle euro consensus

Per you request.  tiphat

From the above noted article: "Also, remember that the euro zone itself is still an unfinished project in terms of developing into a fully fledged fiscal and banking union. In particular,the link between sovereign debt and the health of domestic banking systems has not been broken. And no banking system is more exposed to its sovereign debt than Italy’s."

Thank you for reminding me... other matters took my attention of the black board.

The big difference of the other countries in trouble.... it's that Italy's debt is over 75 % internal one .....but Germany is shiting their pants because Deutsche bank is already bust with their exposure of 75 Trillion Euro in derivatives and insurance Bonds, check to see what is the German GDP and your mouth will open from here to NY. If Italy has referendum like the UK did ... to exit the Eurozone, that will be the end of the EU.

That is why the President appointed the IMF stooge.... "Scissors" who will not be supported by the 2 larger parts.

BY the Way according to the Constitution article 90, the President can only refuse new proposed plans for new laws by the Government to be discussed in parliament but can't refuse the appointment of any Minister. So his actions was a coup.

Can you imagine if the Queen in the UK took the same action......what would happen?



 tiphat
"If you enjoy eating healthy food, visit: www.greekcooking.uk