Tag Archives: Italy

How Mario Draghi Broke Italy, by Thomas Fazi

Mario Draghi is a basket case of a human, he was leading a basket case of a country, on a basket case of a continent. From Thomas Fazi at unherd.com:

A crisis is brewing on the streets of Europe

Mario Draghi’s defenestration has left the Italian — and indeed international — establishment reeling in horror. This is not surprising. When he was nominated as Italy’s prime minister at the beginning of last year, Europe’s political and economic elites welcomed his arrival as a miracle. Virtually every party in the Italian parliament — including the two formerly “populist” parties that won the elections in 2018, the Five Star Movement and the League — offered their support. The tone of the discussion was captured well by the powerful governor of the Campania region, Vincenzo De Luca (PD), who compared Draghi to “Christ” himself.

Everyone agreed: a Draghi government would be a blessing for the country, a final opportunity to redeem its sins and “make Italy great again”. Draghi, they said, simply by virtue of his “charisma”, “competence”, “intelligence” and “international clout”, would keep bond markets at bay, enact much-needed reforms, and relaunch Italy’s stagnant economy.

Alas, reality hasn’t exactly lived up to expectations: Draghi leaves behind a country in tatters. The latest European Commission macroeconomic forecast predicted that Italy will experience the slowest economic growth in the bloc next year, at just 0.9%, owing to a decline in consumer spending due to rising prices and lower business investment — a result of rising borrowing and energy costs, as well as disruptions in the supply of Russian gas.

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Is Mario Draghi No Longer Davos’ Superman? by Tom Luongo

Mario Draghi is a bought and paid for Davos operative, but he’s not doing too well in his home country. From Tom Luongo at tomluongo.me:

ecb-draghi-failure

Draghi hasn’t even begun to fight Bitcoin, but he’s thinking about it.

Italian politics is nothing if not entertaining. Unfortunately, given current circumstances that entertainment value is more akin to watching a slowly unfolding horror show rather than a good time at the circus.

Last week was dominated by the machinations for the election of a new president, which ended after eight rounds with incumbent Sergio Mattarella elected to another seven-year term at the spry age of 81.

Mattarella was supposed to retire.

It was supposed to be the ascendance to godhood for Prime Minister Mario Draghi who would replace Mattarella controlling the fate of Italian politics for the rest of the decade.

That did not materialize, because Draghi, despite the endless platitudes thrown around in the Western press, is hated inside Italy, and not just by the people he’s turned into second-class citizens, but by his fellow politicians.

Reports of Draghi pulling a Justin Trudeau (You need to translate this from Italian) and ducking out out of Parliament for the vote because of an illness is the height of Davosian bullshit. (click here for the final results)

Draghi had no real support within the parliament if it meant them having to deal with him for the next seven years.

Davos finally lost a big move in Italian politics from within the government for the first time in the last decade. They’ve proven adept at external manipulation and betraying the Italian people regardless of how they voted previously, but it looks like their typical top-down head-chopping approach to politics has finally backfired on them.

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The euro’s death wish, by Alasdair Macleod

When the inevitable financial crash arrives, Europe is going to be in a world of hurt. From Alasdair Macleod at goldmoney.com:

Last week’s Goldmoney article explained the Fed’s increasing commitment to dollar hyperinflation. This week’s article examines the additional issues facing the euro and the Eurozone.

More nakedly than is evidenced by other major central banks, the ECB through its system of satellite national central banks is now almost solely committed to financing national government debts and smothering over the consequences. The result is a commercial banking system both highly leveraged and burdened with overvalued government debt secured only by an implied ECB guarantee.

The failings of this statist control system have been covered up by a pass-the-parcel any collateral goes €10 trillion plus repo market, which with the TARGET2 settlement system has concealed the progressive accumulation of private sector bad debts ever since the first Eurozone crisis hit Spain in 2012.

These distortions can only continue so long as interest rates are suppressed beneath the zero bound. But rising interest rates globally are now a certainty — only officially unrecognised by central bankers — so there can only be two major consequences. First, the inevitable Eurozone economic recession (now being given an extra push through renewed covid restrictions) will send debt-burdened government deficits which are already high soaring, requiring an accelerated pace of inflationary financing by the ECB. And second, the collapse of the bloated repo market, which is to be avoided at all costs, will almost certainly be triggered.

This article attempts to clarify these issues. It is hardly surprising that for the ECB raising interest rates is not an option. Therefore, the recent weakness of the euro on the foreign exchanges marks only the start of a threat to the euro system, the outcome of which will be decided by the markets, not the ECB.

Introduction

The euro, as it is said of the camel, was designed by a committee. Unlike the ship of the desert the euro and its institutions will not survive — we can say that with increasing certainty considering current developments. Instead of evolving as demanded by its users, the euro has become even more of a state control mechanism than the other major currencies, with the exception, perhaps, of China’s renminbi. But for all its faults, the Chinese state at least pays attention to the economic demands of its citizens to guide it in its management of the currency. The commissars in Brussels along with national politicians seem to be blind to the social and economic consequences of drifting into totalitarianism, where people are forced into new lockdowns and in some cases are being forced into mandatory covid vaccinations.

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Clash Between People and Deep State in Italy, by Vicit Leo

Italians are fighting in the streets and the courts against vaccine passports. From Vicit Leo at lewrockwell.com::

Some years ago Italy was chosen by the global powers-that-be to become a social laboratory where the Great Reset would be tested and fine-tuned before being fully unleashed upon the world.

In the words of Monsignor Carlo Maria Viganò“Italy is a testing ground for the experiments of social engineering that the globalist agenda intends to extend to all governments over the span of the next ten years.”

On 30th August the Italian Health Dictatorship Regime intends to make what it thinks is a check-mate move and impose its COVID-19 vaccination passport, called the Green Pass, upon the entire population of Italy.
This discriminatory and coercive ‘Green Pass’ is without doubt contrary to both international law and the laws of most domestic legal jurisdictions.
It is creating a world where the majority of people are tricked or bullied, and generally compelled, into receiving a series of experimental gene modification jabs or vaccines still under clinical trial.
It is creating a world where a rebelling minority will be cast out and refused access to social amenities and social recreation.

A movement which started on Good Friday in 2020 when just a dozen or so people tried to break the lockdown cordons and get to Mass at the Church of St Maria Maggiore in Rome, gradually built and expanded to the point that in July 2021 up to twenty-thousand fed-up and rebellious Romans gathered together at the Piazza del Popolo to really make and continue to build a heavyweight challenge against the Health Dictatorship and the Great Reset.

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Bill Gates, HR6666, Remdesivir, Deaths in Italy, by Jon Rappoport

The intent behind the coronavirus hoax is now quite clear. From Jon Rappoport at nomorefakenews.com:

Each of these subjects deserves its own article. Bill Gates would require a library of thick volumes. I don’t have the time to write separate pieces, since I’m also busy with other research on the fake pandemic.

So I’ll hit the highlights.

BILL GATES: Here, from FAIR, the long-standing media-watch group, is a September 4, 2016, article, “This Guardian piece touting Bill Gates’ education investment brought to you by Bill Gates.” It adds a layer of explanation about Gates’ Death Star:

“The Gates Foundation gives grants in the hundreds of thousands and often millions to such media organizations as NBCUniversal, Al Jazeera, BBC, Viacom (CBS) and Participant Media (the producer of pro-charter school documentary Waiting for Superman). Both Gates and the Gates Foundation are sizable shareholders in Comcast, which is the primary investor in Buzzfeed and Vox, as well the parent corporation of MSNBC and NBC News—the latter of which teamed up with Gates and other noted education experts like Exxon and University of Phoenix Online for the week-long charter school commercial ‘Education Week’.”

“In 2009, the New York Times reported that the Gates Foundation was partnering with media companies to write and shape stories to ‘embed’ messages in primetime dramas:”

“’It [the Gates Foundation] is less well known as a behind-the-scenes influencer of public attitudes toward these issues by helping to shape story lines and insert messages into popular entertainment like the television shows ER, Law & Order: SVU and Private Practice. The foundation’s messages on HIV prevention, surgical safety AND THE SPREAD OF INFECTIOUS DISEASES have found their way into these shows.” [CAPS are mine]

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The European Union is Dead but Does Not Yet Know It, by Giulio Meotti

If unity was supposed the hallmark of the EU, then it most certainly is dead. From Giulio Meotti at gatestoneinstitute.org:

  • The truth is that there is no “Union”.
  • The coronavirus now has put the European Union and its comfort zone face-to-face with all its weaknesses, decadence and cowardice.
  • Another merciless battle Italy fought with the EU was for protective face-masks. France adopted a policy of requisitioning them; Germany banned their export. Those unilateral decisions undermined a much-touted EU principle: the free movement of goods in the single market.
  • As L’Express exposed, France seized four million masks belonging to a Swedish company and that had been intended, in part, for Italy and Spain.
  • When Italy and Greece were overwhelmed by migrants from the Middle East and Africa, the EU countries refused to take their “share” of migrants. Lacking a policy to stop the flow of mass immigration, Europe decided to leave the southern countries to their fate.
(Image source: iStock)

The new coronavirus appears to be tearing apart the fragile framework of the European Union.

“Europe” said the former Commission chief and a EU godfather, Jacques Delors, “is in “mortal danger“.

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German Infectologist Decimates COVID Doomsday Cult in Open Letter to Merkel, by Dr. Sucharit Bhakdi

Never underestimate the power of five questions. From

A medical expert with integrity asks the German Chancellor five devastating questions about her mindless coronavirus lockdown

Editor’s note: Dr. Bhakdi released a now-viral video in which he calmly explained why nationwide lockdowns are “collective suicide”. Now he has written an open letter to Chancellor Angela Merkel and it is fantastic

An Open Letter from Dr. Sucharit Bhakdi, Professor Emeritus of Medical Microbiology at the Johannes Gutenberg University Mainz, to the German Chancellor Dr. Angela Merkel. Professor Bhakdi calls for an urgent reassessment of the response to Covid-19 and asks the Chancellor five crucial questions. The let­ter is dated March 26. This is an inofficial translation; see the original letter in German as a PDF.

Open Letter

Dear Chancellor,

As Emeritus of the Johannes-Gutenberg-University in Mainz and longtime director of the Institute for Medical Microbiology, I feel obliged to critically question the far-reaching restrictions on public life that we are currently taking on ourselves in order to reduce the spread of the COVID-19 virus.

It is expressly not my intention to play down the dangers of the virus or to spread a political message. However, I feel it is my duty to make a scientific contribution to putting the current data and facts into perspective – and, in addition, to ask questions that are in danger of being lost in the heated debate.

The reason for my concern lies above all in the truly unforeseeable socio-economic consequences of the drastic containment measures which are currently being applied in large parts of Europe and which are also already being practiced on a large scale in Germany.

My wish is to discuss critically – and with the necessary foresight – the advantages and disadvantages of restricting public life and the resulting long-term effects.

To this end, I am confronted with five questions which have not been answered sufficiently so far, but which are indispensable for a balanced analysis.

I would like to ask you to comment quickly and, at the same time, appeal to the Federal Government to develop strategies that effectively protect risk groups without restricting public life across the board and sow the seeds for an even more intensive polarization of society than is already taking place.

With the utmost respect,

Prof. em. Dr. med. Sucharit Bhakdi

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European Union: The End? by Judith Bergman

So-called solidarity is great when you’re trying to ram a mandate down a member country, but what happens when that member country asks for your help in the name of solidarity? From Judith Bergman at gatestoneinstitute.org:

  • When an entire continent is in the midst of a highly contagious virus epidemic, solidarity becomes a more complex issue. Every state inevitably considers whether it can afford to send facemasks and protective equipment that might be needed for its own citizens. In other words, every state considers its own national interest first. In the case of Italy’s appeal for help, EU member states made their own interests their highest priority. This is classic state behavior and would not have caused any outrage prior to the establishment of the European Union.
  • While such revelations may not spell the immediate end of the European Union, they certainly raise questions about the point of an organization that pledges solidarity as a founding principle, but abandons that principle the moment it is most called for.
  • The current crisis on the Greek-Turkish border has shown the EU not only as unhelpful, but an actual liability: The EU has left an already overwhelmed Greece to deal with the migrant crisis — manufactured by Turkish President Erdogan for political gain — on its own… On top of Europe’s attempts to deal with the coronavirus outbreak, the EU Commissioner for Home Affairs, Ylva Johansson, ordered that Greece must allow the migrants that Erdogan transported to the border to apply for asylum.
  • If the EU were to approve visa-free travel for Turks – or anyone who had the means to buy a Turkish passport – millions of Turks would be able to enter the EU legally and potentially “disappear” there. Already at breaking point, the EU would arguably become a very different kind of “European” Union with Turkey, a country of 80 million people, literally invited to enter Europe.
  • All Erdogan needs to do now it sit back and wait for the EU, with Merkel at the helm, to meet his demands.

When Italy appealed to the EU for supplies of medical equipment at the beginning of its coronavirus crisis, it received exactly nothing. In addition, Germany and France even imposed bans or limitations on the export of facemasks and protective equipment. Pictured: Cleaning personnel in protective gear work in a tent of a new field hospital in Cremona, Italy on March 20, 2020. The field hospital is financed by the American evangelical Christian NGO Samaritan’s Purse. (Photo by Miguel Medina/AFP via Getty Images)

Since the outbreak of coronavirus in Italy, Italians have learned that other European Union member states do not always practice the beautiful words that they like to preach — especially solidarity.

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The Sport of Speculation, by VF

Is the coronavirus panic a replay of the 9/11 panic, and for the same purpose? From VF at thechicagoeconomist.com:

I’m beginning to believe the current “pandemic” is perhaps just the latest contrived “enemy of the state”. An opportunity taken by western governments that have, over the past 20 or 30 years, gotten bolder in their willingness to fabricate fear to secure a political end. Political ends are always about greater control, corruption, and ultimately, cover ups.

In the age where air has become second to digital noise in terms of ubiquity, and hyperbole has replaced truth as the journalistic objective, governments’ ability to leverage misinformation (i.e. propaganda) has become a precision tool. Like it or not, society has become confused by the amount of information thrown at us and that makes us susceptible.

But if this is contrived political hysteria, what is the objective?

I’ve heard people on either side of the aisle suggest it is to help or hurt Trump. And perhaps, it is that simple. However, given equally good points on both sides of that argument I am skeptical. So then what? Well, I think back to 9/11 and whether you believe it was an act of terrorism by our own government or some other group, the end result was the same – The Patriot Act, and a truckload of knock-on legislation that quietly edged out our individual rights and freedoms. All in the name of keeping us safe from harm.

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Italy: Salvini Facing Show Trial for “Kidnapping” Migrants, by Soeren Kern

You might see some similarities between what’s happening to Matteo Salvini in Italy and what has happened to Donald Trump in the US. From Soeren Kern at gatestoneinstitute.org:

  • In September, Sicilian prosecutor Carmelo Zuccaro said that the kidnapping accusations against Salvini were “groundless” and recommended that he be acquitted of all charges. The Court of Ministers, however, overruled Zuccaro, who is now, paradoxically, required to proceed with prosecuting Salvini, even though he has already found him to be innocent.
  • The charges against Salvini appear to be part of a political vendetta against him as well as his opposition to mass migration. Case in point: Although the decision to prevent those onboard the Gregoretti from disembarking in July 2019 was made by Salvini in close coordination with senior members of the Italian government, only Salvini is facing prosecution.
  • “No contrary position was taken by the Prime Minister Conte…. This makes the hypothesis of individual action by Minister Salvini completely improbable.” — Senator Erika Stefani, Lega Party, presenting documents showing that other ministers were deeply involved in discussions over the Gregoretti.
  • “If I have to go to court, I will explain to the judges that defending the borders of my country and protecting citizens was my duty and, serenely, I will go to that courtroom to represent millions of Italians, because I simply did what they asked me to do: to control who enters and who leaves Italy.” — Former Interior Minister Matteo Salvini in a tweet, February 12, 2020.
  • Like Trump, Salvini’s legal troubles are fuelling his approval ratings…. Surveys indicate that if Italy held elections now, Lega would win a majority together with its conservative allies.
The Italian Senate has voted to strip former Interior Minister Matteo Salvini of parliamentary immunity so that he can face kidnapping charges for refusing to allow migrants to disembark from a ship at a port in Sicily. This is in spite of Sicilian prosecutor Carmelo Zuccaro saying in September that the kidnapping accusations against Salvini were “groundless” and recommended that he be acquitted of all charges. Pictured: Salvini (center) at a rally in Policoro, on August 10, 2019. (Photo by Alberto Pizzoli/AFP via Getty Images)

The Italian Senate has voted to strip former Interior Minister Matteo Salvini of parliamentary immunity so that he can face kidnapping charges for refusing to allow migrants to disembark from a ship at a port in Sicily.

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