“If the American people ever allow private banks to control the issue
of their currency, first by inflation, then by deflation, the banks and
corporations that will grow up around them will deprive the people of all property
until their children wake up homeless on the continent their Fathers
conquered.” ~ Thomas Jefferson
What is happening in Italy is a direct result of the policies
of the Rothschild bankers who have enslaved the people of once sovereign
nations and devastated their economies.
The European Union is the globalist dream child whose purpose was to
strip people of their wealth, property and national identity. Factories have been shuttered and the only
jobs left barely pay a living wage. It
was in that climate that the people of Italy went to the voting booth to reject
the status quo. From Consortium News:
Excerpt:
This is the New Italy
Years of neoliberal economic policies imposed by Brussels and by Italian
politicians alike have devastated numerous industrial towns and the very fabric
of Italian society, reports Attilio Moro.
Sesto San Giovanni, a town on the outskirts of Milan, used to be one of
the industrial capitals of Italy.
With around 200,000 inhabitants
(45,000 blue collar workers, and a robust middle class), it was the headquarters
of some of the most dynamic Italian companies, including Magneti Marelli,
Falck, Breda and many more. Today Sesto is an industrial desert – the
factories are gone, the professional middle class has fled, many stores
have shut down, and the city is trying to reinvent itself as a medical research
center.
Twenty-three kilometers (14 miles)
to the north of Sesto, the town of Meda was the seat of various symbols of
Italian excellence: Salotti Cassina and Poltrona Frau, both of which exported high-quality furniture all over the world and
employed tens of thousands of workers and
designers. They fed a number of small family-based companies providing
parts and highly qualified seasonal labour. Today both companies are gone.
Montezemolo: Public enemy.
Luca Cordero di Montezemolo, a
former chairman of Ferrari, Fiat and Alitalia, and now a public enemy because
of his dismissal of the “Made in Italy”
label, acquired both companies and moved them to Turkey, choosing profit over
quality—and Italian jobs. Montezemolo, of aristocratic background, is a
champion of Italian neoliberalism, having founded the influential “free market”
think tank Italia Futura (Future Italy) in 2009.
Another victim is the town of Sora,
with a population of 25,000, 80 km. (50 miles) east of Rome. Until recently Sora was an affluent commercial city, with
medium-sized paper factories and hundreds of shops. Today, all of the
factories are gone and 50 percent of shops have closed.
All over Italy, the neoliberal policies that led to the
economic crisis and resulting social decadence have accelerated in the wake
of the financial collapse of 2007.
Once The Stalingrad of Italy
Sesto San Giovanni used to be known
as ‘the Italian Stalingrad’, due to the strength of its working class and the
Communist Party receiving over 50 percent of the vote. Now the strongest party
in town is the Lega (The League), a right wing, xenophobic party. This has been
accompanied by a demographic shift, as
Sesto has lost almost one third of its population, but acquired tens of
thousands of immigrants, which today constitute almost 20 percent of its
population.
The Italian Communist Party, once
the strongest in the capitalist world, has in the meantime disappeared,
together with the working class. There
is also the destitution of a dwindling middle class accompanying the breakdown
of the social fabric with rampant corruption. All the traditional political
parties have been wiped away.
They have been replaced by the
so-called ‘populists’: The Lega and the
5 Star Movement, undisputed winners of the latest elections in March, who
are now in the process of trying to form a new government… They also want a parallel national currency,
a reduction in circulation of the Euro (which slows down exports, especially to
Germany) and limits to immigration.
The 5 Star Movement, which is
partly considered to be the heir of the former Communist Party but with a
different social base consisting of an undifferentiated lower class replacing
the disappearing working class. It advocates a moralization of the political
parties and a universal basic income of 750 euros per month ($875) for the
poorest to reduce the effects of the social disaster which took place in the
south of the country in the last 10 years:
20 percent unemployment, affecting 40 percent of young people, making the mafia
and organized crime the biggest ‘employers’ in the most critical southern
regions.
This is the new Italy. The old one,
the Italy of Fiat, Cassina, small family-run businesses, the Italy of the
Christian Democrats, the Communist Party
and vibrant working-class culture is no more.
The collapse of the global banking system in 2008 was a
planned demolition that plunged member states of the EU as well as America into
a financial debt abyss with no way out. In
2008 the Rothschild’s Federal Reserve Bank in America printed up $43 trillion
dollars to bail out their banks in America and the European Union leaving the
American taxpayers stuck with the bill.
The wealth of America and the European Union member states has
been transferred into the coffers of the Rothschild bankers who now demand crushing
austerity on top of the misery they caused.
Elections that don’t turn out the way the Western elite want are simply
ignored and labeled as illegitimate.
Democracy is fighting to survive.
From Lew Rockwell.com:
Excerpt:
Democracy Is Fighting to Survive the Rise of Western Authoritarianism
The European peoples whose
governments were paid to sell out the sovereignty of their nations to the EU
are experiencing great difficulties in being permitted to govern themselves. As
the result of Italians’ frustration with the self-serving elite who have ruled
Italy for decades, the recent democratic
elections in Italy brought to power two anti-establishment political parties,
Five-Star and Lega (League), that have solid majorities in both houses.
However, the Italian president, an operative for the EU, attempted to appoint
the prime minister independently of the election results, tried to himself
appoint a “technocratic cabinet” that would ignore the democratic outcome, and
succeeded in blocking the anti-establishment winners of the election from
forming a government for three months.
EU official Gunther Oettinger said
that it was “not acceptable” for Italians to vote for anti-establishment
parties and threatened Italians with
financial destabilization that would “teach them how to vote.”
Previously, in the wake of the
international economic crisis brought on by the “banks too big to fail,” the Italians and the Greeks attempted to
govern themselves democratically, but it was not permitted. The European
Commission appointed Mario Monti, a banker, to be Italy’s prime minister.
Monti, a member of Goldman Sachs Board of International Advisers, European
Chairman of the Trilateral Commission, and a member of the Bilderberg Group,
was appointed by the elite, not elected by the people. His cabinet did not include a single elected politician.
Greece suffered the same fate of having an unelected banker appointed
prime minister of Greece. Later when the Greeks succeeded in electing an
anti-establishment government, the EU used economic threats and punishments to
prevent the Greek government from governing…
In the West and among Western
funded NGOs that operate in Russia and China, there is mindless talk about
Russian and Chinese authoritarianism.
Yet, democracy is far more alive in Russia and within the Chinese Communist
Party that it is in the West…
It remains to be seen if the
British vote to exit the EU will actually be implemented. The Western elites despise
democracy. They tolerate it only as a cover for their self-dealing when it
can be manipulated to serve their interests.
The Western elites not only despise democracy they are
terrified of democracy. Since the
inception of the Federal Reserve Bank by a group of elite bankers in 1913,
America has been in a constant state of war in order to keep the American
people enslaved in a debt driven hell.
If Italy’s election results are allowed to stand, the entire Rothschild
banking cartel could collapse. From Geopolitics:
Excerpt:
ECB Stages Coup Against Legitimate Government of Italy
In an intervention which violated
the most fundamental rules of democracy and international law, on May 27 the hierarchy of the European Union (EU)
vetoed the “government of change” which was being formed in Italy, and
which had just won a clear parliamentary majority from the voters.
Instead, the EU has imposed yet another technocratic government, which had been
ready for months, led by “Mr. Spending Review,” Carlo Cottarelli, whose only
plan is to cut the debt, and who has the support only of the Democratic Party,
which lost the legislative elections of March 4. This is the most recent example of that
“suspension of democracy,” demanded years ago by the EU, when it introduced the
balanced budget as the only aim of each and every European government, as in
the “market-conformed democracy” of Germany’s Angela Merkel.
The most paradoxical aspects, which
have no precedent in the history of the Italian Republic—a parliamentary
Republic and not a Presidential one—are the reasons given by the President of
the Republic, Sergio Mattarella, to explain why he vetoed Professor Paolo Savona, a renowned economist, former
minister, and former head of the employers’ federation, Confindustria, as
Finance Minister of the new government.
Mattarella said he did this in
order not to upset “foreign investors” who fear that Italy might leave the
Euro. This, despite the fact that in the government program agreed to between
the two victorious parties, the Lega and the Five-Star Party, and also in the
statement of Professor Savona of last Sunday, there was no mention of
leaving the Euro. Rather, they
demanded a change from the failed policy of austerity, which provoked “poverty,
reduced incomes and inequality” in Italy…
The “fake news” press which speaks
for the City of London and the financial lobbies, whose speculation was
responsible for the 2008 crisis, permitted itself to insult not only the Lega and the Five Star Party, who had
worked together to forge a government program aimed at promoting jobs and
fighting poverty, but all Italians as a people, calling them “barbarians”
(Financial Times) and “freeloaders” (Der Spiegel). “Europe” did not like the
immediate reaction to these insults, of the Lega’s Matteo Salvini (“Better
barbarians than slaves!”)…
Deutsche Bank is on the verge of bankruptcy; its exposure to
derivatives has reached such a level that even its chief economist, David
Folkerts-Landau, has had to admit that
it has become a hedge fund… Deutsche
Bank is ready to fire 7,000 employees, and all of these big banks have heavy
derivatives exposure. Let’s suppose that German private finance will blow up
instead of the Italian public debt. We have to be ready for such an event.”
Five-Star Party leader Alessandro
Di Battista, interviewed May 28 on prime-time national television by Lilli
Gruber, said “They blocked this
government because they are terrified of banking separation and a state investment bank.”
Thus, rather than the fear of an
Italexit, what freaked out the markets was the fact that the Salvini-Di Maio
government had two points in its program which are dear to the LaRouche
movement—reinstating Glass-Steagall, and national banking in order to issue
credit for the real economy.
The present financial system is so
rotten and so ready to explode, that it does not allow discussion of such
issues, let alone their inclusion in the government program of an important
country such as Italy, one of the founders of Europe. In order to keep this rotten system alive, previous Italian
governments, from Monti to Gentiloni, have imposed draconian austerity
measures.
“Europe,” the EU, the Troika, the
ECB, and the economic and press outlets of the establishment refuse to
understand that in recent years a New
Paradigm has been asserting itself, and has found its expression in the Brexit,
in Trump’s election victory in the United States, in the “No” vote in the
Italian constitutional referendum, and now in the Italian elections of
March 4.
The corrupt banking cartels will do anything to keep any
member state from wresting control over their banking system away from the
Rothschild cartel. Re-instating Glass-Steagall,
the Depression Era legislation that separated speculative Wall Street banks
from Community banks, is essential in restoring sanity to the financial
system. Italy can lead the world and
save Europe from the European Central Bank.
From LaRouche pub:
Excerpt:
Italy and Glass-Steagall Could Save Europe, The Threat Is from the City
of London
The latest terrible “Russian threat”
is now claimed to be coming from the two parties that have agreed to form a new
government in Italy. Stalwarts of
European stagnation and financial speculation are lining up to warn of the end
of their world if the Lega and M5S (Five Star) parties’ coalition is not
prevented. We are supposed to forget that these parties were just favored by
Italian voters for their policies, in elections held in March—just as we have
been told for two years to forget that American voters, not Russians, elected
Donald Trump.
But if allowed to be formed, the
proposed new Italian government can start the long overdue process of saving Europe from ten years’ stagnation
after the crash triggered by London and Wall Street banks, and from blows
to its productive industries by anti-Russia sanctions; and from another, worse
financial crash which is looming over America and Europe.
The key will be establishing the Glass-Steagall Act, which
both leading Italian parties want, to break up the big so-called “universal banks”—demanded
by the European Union—that absorb trillions of bailout money from the European
Central Bank and the U.S. Federal Reserve, and do not lend to anything
productive. The second critical element: A national bank with the ability to
issue credit for productive employment and new infrastructure, outside the EU
austerity limits on government productive credit. Those two, if the parties can
stick to them, can avert another financial blowout and start real economic
growth again.
Both U.S. major parties put
Glass-Steagall in their presidential platforms. President Trump called for it on the stump. Wall Street, however,
has won out so far, and the megabanks have become even bigger, and more
debt-leveraged, with bigger exposures to super-speculative derivatives
contracts. As experts such as former FDIC officials Sheila Bair and Thomas
Hoenig have been warning, that has made the financial system even more
dangerous as interest rates rise on an unprecedented ocean of corporate debt,
about to blow.
In Germany, the former chief
economist of Europe’s most dangerous huge bank, Deutsche Bank, gave an
explosive interview on what ruined Deutsche Bank: “Anglo-American banking.” A team of star speculators from Merrill
Lynch in London and New York took over Germany’s then-leading bank 20 years
ago and turned it into a giant hedge fund that made huge profits every
year—until it became clear the profits were faked and the bank was all but
bankrupt.
Wall Street and London have won out
so far, and the price has been economic stagnation with massive central bank
money-printing, and another crash coming on.
It (sic) Italy, there is a chance to
start the reversal of that before it is too late.
In the United States, those
Americans defending the presidency from a
relentless coup attempt against President Donald Trump, have learned the
hard way that London—British intelligence—started it, and is running it. Trump
supporters are realizing you can’t defend the presidency without attacking the
British and London’s anti-Russia, anti-China geopolitics.
That realization has even reached
Congress, in the statements of Sen. Rand Paul. To quote one author’s May 21
attack on the anti-Trump spying, “The
British . . . have never hesitated to interfere in our domestic politics. . . .
It happened in the run-up to both world wars, and it is happening today. If
we trace the origins of the Russiagate hoax, and the campaign to dethrone
Donald J. Trump, all roads lead to London…”
In the face of another crash worse
than 2008, Italy can be the start in saving Europe. Its leading parties are proposing what Americans wanted when they
elected Donald Trump President. The challenge is the same: Defeat the City
of London.
So far the Lega and M5S (Five Star) coalition is holding
their ground against the attempted coup.
They are rejecting the installation of an EU approved finance
minister. From Gold Goats and Guns:
Excerpt:
Gold Goats ‘n Guns Live – Next Stop, Italeave and Upending the EU
Italy has a new government. It looks a lot like the government that
President Mattarella vetoed the first time.
The long knives are already out on both sides and it looks like the Italians are taking the fight directly
to Brussels to reform or die.
You can’t win a war like this by
being passive and trying to work with the other side. Salvini
and the “New Guys” get this. And
this is their moment to drive open the hypocrisy of the EU and Germany’s role
in purposefully bankrupting the continent for its benefit.
This is why Trump is putting the screws to Merkel and Macron. He gets
this. Salvini does as well so the way
forward from here is going to be really good theatre…
Love Tom Luongo from Gold Goats and Guns. He further writes about Salvini in the next
article “Salvini is the Real Deal”:
Excerpt:
Salvini is the Real Deal in Italy’s Fight With Brussels
The latest moves by leader of The
League, Matteo Salvini, confirm for me that he is the real deal. By
nominating another hard-ass Euroskeptic as Finance Minister, Giovanni Tria,
Salvini proves he’s not some feckless (the word of the day apparently)
swamp-dweller. Rather, he’s a smooth and
dangerous political opponent for the powers-that-be in Brussels.
Over the past two days the
headlines and the markets have tried to
gaslight us into believing the coalition between the two populist parties in
Italy — The League and Five Star Movement — was fracturing after President
Sergio Mattarella’s rejection of their proposed government.
Stories of dissonance about when to hold new elections; withdrawing
Paolo Savona’s nomination as Finance Minister (Mattarella’s nominal reason for
rejecting the coalition); and even whispers that Salvini would ditch Five Star
abounded. And with it Italian bond
yields plunged, the euro rallied and markets tried to stabilize.
There’s only one problem with all
of that. Not a word of it was true… And in the middle Salvini can get both to
fight over Italy to get what he needs, a
way out of the nightmare that is the euro-zone.
Salvini is setting Italy up for an
incredible showdown with the EU. He knows he holds the right cards. He just has to firmly convince the people it’s
time to play them all.
Now it has become crystal clear why the Obama Justice Department
along with Britain’s MI6 spied on the Trump campaign and fabricated the “Russia
Collusion” scam. What is happening in
Italy is what is happening in the US and across the Rothschild’s EU Plantation,
revolt of the people. Italy can save us
all from the financial enslavement foisted upon us by the Globalists. God speed Italy!
By Patricia Baeten
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