– Italy Youth Unemployment Hits Record High 44.2%, Concerns Rising “Recession Exit May Be Unsustainable” (ZeroHedge, July 31, 2015):
While the overall unemployment rate for the Eurozone also unchanged at 11.1%, it was renewed concern about what is going on in Italy, where unemployment rose from 12.5% to 12.7%, while Italy’s youth unemployment rate, which surprisingly jumped by nearly 2% to 44.2%, a record level. As Bloomberg put it, “Italy’s jobless rate unexpectedly rose in June as businesses continue to dismiss workers amid concerns that the country’s exit from recession may not be sustainable.”
– Why Greece Matters A Lot: The Case Of Europe’s Falling Dominoes (ZeroHedge, July 6, 2015):
Over the weekend, we showed why contrary to unfounded speculation that Greece is entirely contained, there are still extensive linkages when it comes to the fallout a Grexit would reap if not directly on private commercial banks which over the years managed to offload their Greek exposure to the Europe’s taxpayers….
… but on the sovereign economies of the Eurozone as well as the ECB, at first via the EFSF, then also via the SMP, the MRO, Target 2 and so on.
Overnight, Barclays took this analysis and also showed the absolute national euro exposure to Greece broken down by bailout program and also as a % of respective host nation’s GDP. What it found is the following: Continue reading »
… at this very moment, politicians from Spain’s Podemos to Italy Five Star movement are drafting memos demanding that the IMF evaluate their own debt sustainability. Or rather unsustainability.
– Did The IMF Just Open Pandora’s Box? (ZeroHedge, July 3, 2015):
By now it should be clear to all that the only reason why Germany has been so steadfast in its negotiating stance with Greece is because it knows very well that if it concedes to a public debt reduction (as opposed to haircut on debt held mostly by private entities such as hedge funds which already happened in 2012), then the rest of the PIIGS will come pouring in: first Italy, then Spain, then Portugal, then Ireland. Continue reading »
What do you think of this?
In summary (more down below):
All the world’s a stage, and our leaders are all Illuminati (= Rothschild and the other 12 elite families) puppets.
And TPTB have the greatest financial/economic collapse and WW3 planned for us!
– Vladimir Putin vanishes again.. but this time on Siberian holiday with Silvio Berlusconi (Express, June 29, 2015):
VLADIMIR Putin has vanished again – but this time the Russian leader is on holiday with his old friend and disgraced former Italian prime minister Silvio Berlusconi.
The autocratic leader spent the weekend with his guest at a vacation home amid the peaks of southern Siberia, according to local reports.
Although a spokesman for Putin confirmed the reports – so far no pictures have been released.
However the leader of a dance troop claimed she performed for Putin and Berlusconi at the remote retreat in the Altai Mountains.
Berlusconi, known to be a close friend of Putin’s, has previously hosted the Russian leader’s family at his villa on the Italian island of Sardinia.
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Well, I guess with the ‘KGB’ under his command Putin should know who his friends are, don’t you think?
Nice friend …
Satanic hand sign …
And NO, the following is not the “Go Horns” sign!
Pope Benedict is also not flashing the sign for ‘LOVE’ in sign language.
Horned Hand or The Mano Cornuto: this gesture is the Satanic salute, a sign of recognition between and allegiance of members of Satanism or other unholy groups.
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Masonic handshake …
(The Illuminati have infiltrated and taken over the Freemasons a long time ago and the ‘lower’ ranks know NOTHING about this! NOTHING!!!)
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I want to tell you a story that probably you haven’t heard before. Never mind: the majority of Italians didn’t hear it either. It’s about our Prime Minister Silvio Berlusconi, a very important person, you might say.
You probably know of his inappropriate behavior at international meetings or his sex scandals. Maybe you already know about his corruption allegations or his trials for financial crimes.
But there’s more, much more, and you are not going to believe it.
Current investigations are uncovering a dreadful picture: there are witnesses, written documents and even phone tapings that show tight and long-lasting ties between Mr. Berlusconi and the sicilian Mafia.
The story begins in the seventies, when Mr. B started as an house-builder. The source of the conspicuous financial support needed to run his company is still a mystery: Berlusconi formally refuses to disclose where he took the money. Massimo Ciancimino, son of Vito Ciancimino, an influential politician and a member of the mafia deceased in 2002, reveals that his father invested lots of money in Berlusconi’s companies. There are documents recapitulating the details of the investments and there is the testimony of Ciancimino’s widow saying that Mr B and Vito Ciancimino met several times in Milan.
In the seventies, Berlusconi hosted in his house a mafia killer, Vittorio Mangano, probably to protect his family from threats of kidnapping. Mangano was later judged guilty of man slaughter and drug smuggling.
Moreover, Berlusconi’s right-hand man, Marcello Dell’Utri, has been recently found guilty of connection with mafia by the court of appeal of Palermo. Dell’Utri is considered to be the link between Berlusconi and the mafia bosses.
There are many evidences of money going from Berlusconi to the sicilian mafia: one cheque of 25 million lire (in 1980); a letter written by Ciancimino to the boss Bernardo Provenzano, talking about how to allocate Berlusconi’s money; a ledger accounting of a “gift” of 5 million lire to a clan of mafia by “Canale 5”, one of Berlusconi’s television stations.
There is such a wealth of evidences linking Berlusconi to the mafia that listing all of them becomes a boring exercise…
In order to increase his business and his power, Berlusconi joined the secret masonic lodge “P2”, an organization who’s goal was to take control of all the institutions of the Italian Republic, making a silent coup. When this scheme was discovered, Mr. B. returned to the good old methods: funding political parties and bribing politicians. He was a great friend of Bettino Craxi, former prime minister of the socialist party, whom he bribed with 24 billion lire in order to keep his television companies in business. Berlusconi was busy in many other great activities, such as: false accounting, bribing tax police officers, bribing judges, bribing witnesses.
But the most important part of this story starts in 1992, when the mafia was seriously hit by the confirmation of the verdicts of the Maxi Trial: several bosses were sent to serve life sentences. The mafia reacted killing the politician Salvo Lima in march, as punishment for not being able to “adjust” the Maxi Trial and as a warning for Giulio Andreotti (in 2003 Andreotti was found guilty of mafia, but the crime ceased to be valid as a result of the statute of limitations). The mafia later understood that in order to achieve their goals and to get the politicians to do what they wanted, a terroristic campaign was needed.
So they gave up killing people with guns and they started using bombs, causing numerous victims, remarkable damages and, above all, a huge impact in the public opinion. The first target was Giovanni Falcone, one of the magistrates that prepared the Maxi Trial. The second target was Paolo Borsellino, colleague and friend of Falcone, another implacable enemy of the mafia.
At that point, a negotiation started between the mafia and the State: the mafia would cease it’s terroristic attacks in exchange for the State’s indulgence.
But in 1992 another remarkable transition was going on: the old political system started collapsing under the weight of the corruption scandals. This meant that the old politicians couldn’t guarantee any agreement.
The mafia lost the connection with political leaders and had to establish new connections. But the situation was not clear yet: they even thought to make their own separatist party. But regadless of their next political interlocutor, in order to make a better deal they continued their terroristic strategy: in 1993 they put bombs in Florence, Milan and Rome and they planned a massacre of carabinieri at the Olympic stadium of Rome, but luckily this plan was called off.
It was in this scenery that Marcello Dell’Utri convinced Berlusconi to found a new party and to run for elections. The mafia promptly decided to entrust Berlusconi as the new political reference. Indeed, it is believed that the mafia interrupted it’s terroristic strategy because it reached an agreement with Berlusconi and Dell’Utri. In the summer of 2009 the witness Salvatore Spatuzza, confirmed this hypothesis by declaring that his boss, Filippo Graviano, the organizer of the slaughterings of Florence, Milan and Rome, said that those slaughterings convinced Berlusconi to: “[…] put the Country in their hands“.
Since then, Berlusconi and Dell’Utri are under investigation for slaughtering and recently the prosecutors had an extension of one year for further investigations: this means that they found something worth delving into.
Of course, nobody* writes about that in Italy.
And probably, sadly enough, nobody would care…
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It is the Rothschilds who play and control all sides and are behind the French revolution, the Russian revolution, WWI, WWII (And yes, they have funded Hitler and Stalin!) and NOW WWIII:
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– Greek Contagion Spreads As Several Italian Bank Stocks Failed To Open (ZeroHedge, June 29, 2015):
While things have normalized since the open thanks entirely to the SNB’s aggressive EUR-buying, CHF-selling intervention (good to see that central banks have read the BIS’ report and have learned from their prior intervention mistakes), earlier this morning we got a snapshot of what happens if and when the SNB, and then the ECB itself, finally lose control when as a result of the Greek crisis the contagion promptly spread a few hundred kilometers west to Italy where as the WSJ reported, “several Italian banks failed to start trading on Monday as fears over a Greek debt default induced many investors to shed peripheral stocks, including Italian, with banks suffering the most.”
As the paper reported sales orders on Italian stocks, in particular financial stocks, piled up before the market opening. At the start, the sales orders were so numerous that the system couldn’t manage to process them, something that often happens when specific news causes a sell-off on a stock. Continue reading »
– Italy threatens EU: ‘Sort out migrant mess you caused or get hurt’ (RT, June 15, 2015):
Rome has warned of retaliatory measures unless the EU changes its asylum policies to make them more in “solidarity” with Italy, which continues to struggle with an enormous inflow of mostly North African migrants.
“If the European Council chooses solidarity, then good. If it doesn’t, we have a Plan B ready but that would be a wound inflicted on Europe,” Prime Minister Matteo Renzi said, without elaborating on the details. Continue reading »
– Snowing in Italy in late May (Ice Age Now, May 21, 2015):
20 May 2015 – While the center and south of the peninsula is very sunny and warm, in the north it snows. Even for our latitude snow in late May is not common.
– Demographic Devastation: Italy’s Birth Rate Drops To 150 Year Low (ZeroHedge, May 12, 2015):
Italian women would “like to have more [children], but the conditions just aren’t good enough,” laments one new mother as CBS News reports, official figures show that in 2014 there were fewer babies born in Italy than at any time since 1861. “Nowadays people don’t want to raise their child in poverty,” but Pope Francis had a different opinion, as The Guardian reported, “a society with a greedy generation, that doesn’t want to surround itself with children, that considers them above all worrisome, a weight, a risk, is a depressed society.”
The citizens of Italy have now set the standard for organized protests against the climate engineering nightmare in our skies. This April 18th demonstration in Bologna, Italy sets the stage for the upcoming March Against Geoengineering planned for April 25 in various locations around the world. Those who do not have organized anti-geoengineering protests in your area should try to attend one of the countless Earth Day events that have also been organized for April 25th. The human race faces countless challenges that are converging from every direction, but of all the threats currently descending on us the most dire and immediate of all is climate engineering. We have the power to expose and stop the ongoing geoengineering insanity if we work together in this all important battle, make your voice heard. We extend our most sincere gratitude to “Reclaim The Planet” (http://riprendiamociilpianeta.it) for organizing this outstanding event. Our gratitude also goes to all the citizens who helped with the demonstration in Bologna that is featured in this 4 minute video.
Dane Wigington Continue reading »
– Beppe Grillo Disarms The 7 Unfounded Fears Of A Euro Exit (ZeroHedge, April 6, 2015):
Having previously warned that “the eurozone chess game is entering its final stage,” and exclaimed that “we are not at war with Russia or ISIS, we are at war with the Troika,” Italy’s erstwhile populist leader, Italy’s Five Star Movement’s Beppe Grillo unveils his Plan B by destroying seven unfounded myths with regard an exit from the euro…
7 unfounded fears about an exit from the Euro Continue reading »
– ‘EU has already collapsed’– Beppe Grillo to RT (Rt, April 2, 2015):
The EU is an absolutely useless grouping; if it really was a community, European nations could have easily saved Greece and prevented it from being in the situation it is now, Beppe Grillo, an Italian comedian and the leader of Five Star Movement told RT.
In an exclusive interview with RT, Grillo, a comedian turned political activist shared his views on current events in Europe and what might be expected in the future, adding that the sooner Italy leaves the eurozone the better. Continue reading »
– In Italy, They’re Now Taxing Shadows (ZeroHedge, March 20, 2015):
As Greece struggles to convince the world it’s serious about adopting a series of reforms designed to bolster its economy including cracking down on rampant tax evasion, the Syriza government may want to look to Italy for creative ideas on how to boost government revenue. As Italian newspaper Leggo reports, store owners in Conegliano are now faced with the unfortunate (albeit comically absurd) proposition of paying taxes on shadows.
The rationale appears to go something like this: an awning casts a shadow on public property and therefore you must pay to use that property. Here’s more: Continue reading »
– It’s Happening – More US Allies Join The Anti-Dollar Alliance (Sovereign Man, March 18, 2015):
The United States government just went from “Please, baby, don’t leave me,” to frustrated threats and whining.
After the UK announced it will join new China-led Asian Infrastructure Investment Bank (AIIB) as a founding member late last week, Germany, France and Italy decided yesterday to follow Britain’s lead and join as well.
Welcome to the beginning of the end of the US dollar’s domination. It’s happening.
For the past few decades America was the undisputed global economic and political superpower.
The entire world happily used the US dollar, and hence, the US banking system. More importantly, the world happily placed its trust in the US government.
But there’s a limit to how irresponsible, reckless, and threatening you can be. Eventually such behavior catches up to you.
That time has now come. Continue reading »
– America’s European “Allies” Desert Obama, Join China-led Infrastructure Bank (ZeroHedge, March 17, 2015):
It appears the sea of de-dollarization has reached the shores of Europe. With Australia and UK having already moved in the direction of joining the China-led AIIB, The FT reports that France, Germany, and Italy have now all agreed to join the development bank as ‘pivot to Asia’ appears to be Plan B for Europe. As Greg Sheridan previously noted, “the saga of the China Bank is almost a textbook case of the failure of Obama’s foreign policy,” but as The FT concludes, the European decisions represent a significant setback for the Obama administration, which has argued that western countries could have more influence over the workings of the new bank if they stayed together on the outside. As Forbes notes, this leaves Obama with 3 uncomfortable options…
As The FT reports,
France, Germany and Italy have all agreed to follow Britain’s lead and join a China-led international development bank, according to European officials, delivering a blow to US efforts to keep leading western countries out of the new institution. Continue reading »
– Italian Bad Debt Hits Record $197 Billion As Bank Lending Contracts For Unprecedented 33 Consecutive Months (ZeroHedge, March 16, 2015):
Repeat after us: the biggest threat facing Europe’s banking system is not a Grexit, is not the Austrian “bad bank” black swan (although it is pretty bad), it is the trillions in non-performing loans on the balance sheets of European banks, which Europe has no idea how to and which continue to multiply in the process threatening to impair depositors with bail-ins (see Cyprus). It is also why, after years of debate, the ECB finally agreed to flood European banks with what it hopes will be over €1 trillion in excess reserves a la the US (of course, if Zero Hedge, and now JPM, is correct, the ECB will break the bond market long before it achieves its goal) in order to mitigate the relentless cash demands of a constantly rising NPLs.
And unfortunately for the third largest issuer of sovereign bonds in the world, Italy – the country all eyes will focus on once Greece and/or Spain exit the Eurozone – when it comes to NPLs things are going from bad to worse because as Reuters reported earlier, citing ABI, gross bad loans at Italian lenders continued to rise, totaling 185.5 billion euros ($196.5 billion) in January from 183.7 billion euros a month earlier.
As the chart below shows, Italy now has over 10% of its GDP in the form of bad debt.
– Greek Contagion? Spanish/Italian Bond Risk Surge Most In 4 Months (ZeroHedge, Feb 9, 2015):
With Spanish and Italian leaders desperately running around to any and every media outlet to proclaim themselves economically fit and deny deny deny what Greek FinMin Varoufakis said yesterday, it appears the market has a different perspective. Portuguese bond spreads are 16bps wider and Spanish and Italian bond spreads are 12bps wider – their worst day in almost 4 months – as it appears Grexit fears are starting to creep into the rest of the periphery.
– 7 Quick Points on Europe (Salient Partners, Jan 26, 2015):
#1) Here are the most relevant recent notes for an Epsilon Theory perspective on the underlying political and market risks in Europe: “The Red King” (July 14, 2014) and “Now There’s Something You Don’t See Every Day, Chauncey” (Dec. 16, 2014).
#2) Markets reacted positively to last Thursday’s announcement because Draghi doubled the amount of QE that he leaked to the press on Wednesday. Financial media pegged QE at 600 billion euros on Wednesday and 1.2 trillion euros on Thursday. Once again, Draghi played the Narrative game like a maestro. Continue reading »
– Italy’s credit rating lowered by S&P (The Local, Dec 6, 2014):
Standard & Poor’s on Friday lowered Italy’s credit rating by one notch on concerns about weak growth and increasing debt while maintaining a stable outlook.
S&P dropped Italy’s long and short-term sovereign credit rating to ‘BBB-/A-3’ from ‘BBB/A-2’, the ratings agency said in a statement. Continue reading »