Ci voleva ben altro

January 17, 2019 "...The banking system is a terrible risk. With leverage of 10 to 50 times, banks will be unable to meet their obligations to depositors and clients. Thus, money will first be bailed in and eventually lost as the bank defaults..." HERE & here

Ignorance often refuses or rather can't recognize itself.

"If you're incompetent, you can't know you're incompetent... the skills you need to produce a right answer are exactly the skills you need to recognize what a right answer is." Why ignorance fails to recognize itself

Banche? Tempesta perfetta

The Entendance Beach: senza mezzi termini e stolte tattiche, per l'uscita dall'EU lager e dall'€. 
Qui alla spiaggia non demordiamo: fuori dall'EU, fuori dall'€, reset.

Charles Hugh Smith: The Decline and Fall of the European Union

"This exhaustion of the neocolonial-neofeudal model was inevitable, and as a result, so too is the decline and fall of the European integration/exploitation project.

That a single currency, the euro, would fracture rather than unite Europe was understood long before the euro's introduction as legal tender on January 1, 2002. The euro, the currency of 19 of the 28 member states of the European Union, is only one of the various institutions tying the member nations of the European union together, but it is the linchpin of the financial integration touted as one of the primary benefits of EU membership.

Skepticism of the benefits of EU membership is rising, as citizens of the member nations are questioning the surrender of national sovereignty with renewed intensity.

The technocrat elite that holds power in the EU is attempting to marginalize critics as populists, nationalists or fascists, overlooking the untidy reality that the actual source of tyranny is arguably the unelected bureaucrats of the EU who have taken on extraordinary powers to strip the citizenry of member states of civil liberties (i.e. the right to dissent) and of meaningful political enfranchisement.

As I have patiently explained since 2012, the underlying structure of the EU is neocolonialism, specifically, neocolonial-financialization. Stripped of artifice, the financial institutions of the EU core have colonized the EU periphery via the euro and the EU and imposed a modernized system of extractive serfdom on the citizenry of the core and periphery alike.

To understand the neocolonial-financialization model, we must revisit the classic model of colonialism. In the old model of Colonialism, the colonizing power conquered or co-opted the Power Elites of the region, and proceeded to exploit the new colony's resources and labor to enrich the core or center, i.e. the Imperial nation and its ruling elites.

This traditional model of colonialism was forcibly dismantled in the 1940s-1960s. Former colonies established their political independence, a process that diminished the wealth and control of former colonial powers.

In response, global financial powers sought financial control rather than political control. This is the key dynamic of the Neocolonial-Financialization Model(May 24, 2012), which substitutes the economic power of financialization (debt, leverage and speculation) for the raw power of conquest and political control.

The main strategy of financialization is: extend cheap credit to those with limited access to capital.

Those with limited access to capital will swallow the bait and willingly agree to onerous conditions.

Then, when the credit expansion reaches levels that cannot be supported, the lenders demand collateral and/or favorable trade and financial concessions.

These tactics have been well-documented in books such as The Shock Doctrine: The Rise of Disaster Capitalism and Confessions of an Economic Hit Man.

But the economic pillaging of former colonies has limits, and as a consequence the global financial powers developed the Neocolonial Model, which turns these same techniques on one's home region.

Thus Greece and other capital-poor European nations were recognized as the periphery that could be exploited by the core, and the euro was the ideal tool to exploit the economies of nations which could never have generated credit/housing bubbles without the wide-open spigots of cheap credit flooding their economies.

In Neocolonialism, the forces of financialization are used to indenture the local Elites and populace to the financial core: the peripheral "colonials" borrow money to buy the finished goods manufactured in the core economies, enriching the Imperial Elites with A) the profits made selling goods to the debtors B) interest on credit extended to the peripheral colonies to buy the core economies' goods and "live large", and C) the transactional skim of financializing peripheral assets such as real estate and State debt.

In essence, the French and German banks colonized Europe's periphery nations via the financializing euro, which enabled a massive expansion of debt and consumption in the periphery. The banks and exporters of the core extracted enormous profits from the periphery via this expansion of debt and consumption.

The assets and income of the periphery are flowing to the core as interest on the private and sovereign debts that are owed to the core's money-center private banks.

Note how little of the Greek "bailout" actually went to the citizenry of Greece and how much was interest paid to the financial powers. The core has stripped Greece of collateral and political independence, just as the colonial powers of the 19th century stripped the African and Indo-Asian regions of income, assets and political independence.

This is not just the perfection of neocolonialism but of neofeudalism as well.The peripheral nations of the EU are effectively neocolonial debtors of the core, and the taxpayers of the core nations are now feudal serfs whose labor is devoted to making good on any financialization schemes that go bad.

Neocolonialism benefits both the core's financial Aristocracy and the periphery's oligarchies. This is ably demonstrated in the essay Misrule of the Few: How the Oligarchs Ruined Greece.

The EU has finally reached the endgame of the Neocolonial-Financialization Model. There are no more markets to exploit with financialization, no more assets to strip, and the serfs (a.k.a. yellow vests) of the core are tiring of being stripmined in service of the EU kleptocracy.

At this point, the financial Aristocracy has an unsolvable dilemma: writing off defaulted debt also writes off assets and income streams, for every debt is the core's asset and income stream. When all those phantom assets are recognized as worthless, the system implodes.

This exhaustion of the neocolonial-neofeudal model was inevitable and as a result, so too is the decline and fall of the European integration/exploitation project." The Decline and Fall of the European Union

15 gennaio 2019

Rapporto 2019 povertà a Roma

A Roma aumentano disuguaglianze e povertà: 100mila famiglie senza lavoro

Global Debt Surpasses 244 Trillion Dollars As Nearly Half The World Lives On Less Than $5.50 A Day

January 16, 2019 "If you appease bullies they always come back for more" -Nigel Farage

"...2012 saw the Italian Government on its knees.
Crippled by unmanageable debts which needed repaying, Italy was completely shut out of international credit markets. The long standing, extremely popular Silvio Berlusconi was primed to do what Italy had become so well known for. No no...not playing soccer, drinking coffee, or driving fast cars, but repudiating existing debt and devaluing their currency.
Berlusconi was weeks from yanking Italy out of the EU, opting out of the Euro, and bringing back the Lira, and then re-denominating its existing debts in Lira and going back to… well… being Italy. And Brits who are perpetually suffering from the miserable weather were eyeing up their favourite Italian getaways wondering just how cheap they would get this time around. The playbook was a typical one, and seeing it for what it was no sane investor was
about to throw a bone their way.
So enter Brussels who, sensing the risks to allowing the 3rd largest economy in the Eurozone to give them the finger, moved in swiftly removing Berlusconi from office and
appointing in his place a technocrat. With this move came liquidity injections into the
Italian banking sector. Ahhh...all was saved!

Not quite.
It’s hard to state how incredible this maneuver really was, and furthermore how little press it garnered. Consider for a moment that an unelected group of pointy shoes removed the democratically elected head of state of a sovereign nation , and not a single bullet was fired in the process.
And realise this: Berlusconi was no girls blouse. We’re not talking about a Theresa May pushover here. The only thing tougher than this guy is the residue of a Weetabix left in a cereal bowl for a week, which is the toughest substance ever encountered by mankind.
In all seriousness, this was arguably one of THE most dangerous events in the last decade . Why? Because it emboldened these thugs in Brussels. Now they knew that they could control member states and enforce their will.
Theory had been tested and proved correct.
If anyone doubted the true intent and dictatorial nature of the beast that was growing in Brussels then what happened in Italy in 2012 should have once and for all put to rest any doubts.
What this action was of course designed to do was to send a very clear warning message to all member states. Don’t screw with us because we’re the Fourth Reich, and this time we don’t need thugs in black boots to take you out back, we can and will take you down in our suits, ties and pointy shoes.
Times change, but human nature never changes. Never..."  Specific Focus: The European (dis)Union

Previously on the Beach:

Aug 10, 2018-Dec 22, 2018 Grasping For Salvation: Italia

Jun 28, 2017-Aug 8, 2018 Italiani -Ormai la salvezza è solo individuale
March 1, 2016-March 6, 2017: Italians Did It Better!
March 22, 2016-March 9, 2017: The stunning hypocrisy of the EU
2017: the Euro Area Breakup

Loukanikos

jesuit alumni

Inquiring Minds Only* Bonus links: "It's a process, not an event"  Collapse Is Already Here

&

21 febbraio 2019

Italian banksters: più diamanti vendi più ti premio

19 febbraio 2019 Il fatturato dell'industria italiana, a dicembre 2018, diminuisce del 3,5% rispetto a novembre, subendo il ribasso più forte sul mercato estero. Comunicato stampa qui

17 febbraio 2019

PER NUTRIRE IL DEBITO ITALIANO NEL 2019 SERVONO 400 MILIARDI DI EURO...La mappa delle banche europee esposte al rischio Italia

Bank of Italy's Gold 

 WIKILEAKS: PAOLO BAFFI, GOVERNOR OF BANK OF ITALY, DISCUSSES EMS AND ITALIAN ECONOMIC PROSPECTS   

February 13, 2019

Italy government won't sell 'a gram' of gold reserves: League lawmaker

The Italians Want To Sell Some Gold: Well Now, There Might Be A Problem With That

Facts: the Bank of Italy has the third-largest central bank holding of gold reserves in the world after the US and Germany, owning 2,452 tonnes according to the World Gold Council, which at today's prices would amount to just over $103 billion.

Meanwhile...

Italy's total debt load is more than €...click here

"...The Italian gold in New York could be long gone.

The last time there was proof that this gold was actually in the Fed vaults in New York was between 1974 and 1978 when about 542 tonnes of this gold was used as collateral in a series of US dollar loans provided by Germany’s Bundesbank. If Italian politicians want to harness the liquidity of the Italian gold, they could also push for a new international loan of some sort, with Italian gold again used as collateral. But that assumes that the Italians have the gold they claim to have, and there is no independent proof of this.
It is admittedly very odd that when many of the large gold holding countries were selling gold in the 1990s and 2000s such as the Netherlands, Belgium, the UK, France, Switzerland. Spain, Portugal, Canada, and Australia, that Italy sold “not one ounce” as Beppe Grillo highlighted. Perhaps the Bank of Italy did sell a lot of gold in the 1990s or 2000s but was too embarrassed to say so, and kept it a secret. Stranger things have happened, and in the world of scheming central bankers, anything is possible..." ****Italy’s Gold enters the Political Fray. But who really owns it?

Meanwhile...in Venezuela...

Maduro Warns Against 'Robbing Venezuela of Gold' Amid Bank of England Dispute

Since April, Italy’s quarter-on-quarter GDP has been sharply declining with the country recently entering a technical recession – defined as two consecutive quarters of contraction.

  Italy Debt Clock? here

Bank of Italy's Gold Saga Updated

“Bank of Italy’s golden reserves amount to between 80 and 90 billion euros ... less than 10 percent of its total assets,..Like the rest of its assets, it cannot be used for monetary financing by the Treasury" -Bank of Italy’s Governor Ignazio Visco 

(Italy's total debt load is more than € 2,518,000,000,000)

March 4, 2019 Italy public debt level climbed again in 2018: Highest Since Mussolini

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"...Salvini, coi suoi due economisti con 10kg di Vinavil fra culo e poltrona politica, e Di Maio con Casaleggio, vi hanno mentito su tutto. Hanno calato le braghe di fronte a Bruxelles in 5 minuti con una spesa pubblica che è un insulto alla storia italiana. I padani si sono rimangiati la Eurexit perché “eh, abbiamo beccato solo il 17% e quindi sticazzi le promesse elettorali, ma la poltrona ce la teniamo”, mentre Salvini ...Votare per un parlamento i cui legislatori non possono fare le leggi, e i cui legislatori devono lottare come assassini se vogliono opporsi a potentissime leggi fatte da gente che nessuno elegge – cioè votare alle elezioni per il Parlamento Europeo – è rendersi complici intenzionali di una dittatura. Se non lo sapevate, ora lo sapete perché avete letto queste righe. Quindi le scuse stanno a zero, italiani."

GUIDA ALLA VERGOGNA CHIAMATA ELEZIONI EUROPEE

"...if the recession leads to job shedding then falling tax revenue and higher social security spending can see fiscal numbers deteriorate quickly..."

The unfolding economic crisis in Italy as adult diapers enter the inflation basket

H/T our member theunderdog61

How Individuals Can Reset The Financial System

HERE

"...Forse stò fore, ie songo pazzo,
ma vuje m'avite rutte o' cazzo." -James Senese

 "...In a vicious bond bear market of the scale likely to accompany the next credit crisis, Italy alone could crash the whole Eurosystem.
That could happen by the end of this year, because when things go wrong the pace calamities usually accelerates..."

March 14, 2019 The start of EU disintegration

07/03/2019 Default Or Exit: A Battle Between Italy And The EU Is Inevitable

Grandi italiani alla ribalta

"...Instead of admitting that its radical experimental monetary policies were a colossal error as the economic growth is now dwindling despite or because of the stimulus, and instead of gradually raising its policy rates above the rate of inflation to end its brutal “financial repression,” and instead of shedding the bonds on its balance sheet to push up long-term interest rates and force a restructuring of the bogged-down European economy so that it would liquidate or restructure the debts of zombie companies and lighten the load of restructured companies to allow them to have a fresh start – all of it at investors expense – the ECB does the opposite..."

Mar 8, 2019

Old ECB Stimulus Fails to Stimulate

People like this?
If it were up to me I’d lock’em all way!

draghi: 3 pages

Mr. Bean-draghi: 2 pages 

mario draghi: 2 pages

Porn Economy Updated

"In the euro area, shaky banks survive because they are kept afloat with national tax injections or via opaque network of rescue institutions such as EFSF, ANFA, EFSM, and ESM. The ECB's asset purchases and the TARGET2 payment system have turned out to be a quasi unconditional credit system: around a trillion euros have been handed out via TARGET2 to ailing southern European banks, with gradually eased collateral requirements.

The unresolved financial and government debt crises, the extended low interest rate policy of the ECB, and EU pressure toward fiscal austerity have all contributed to the huge capital outflows from the euro area (around two trillion euros since 2012)." -Mises Institute

Elezioni EU? Qui professiamo Fuori dall'EU, fuori dall'€, reset, di conseguenza non andiamo a legittimare, votando, una bestia che noi consideriamo nefanda. Pensate piuttosto alle tasche vostre, così come i gentiluomini politici pensano bene alle loro: Gold will be the last man standing.

Those standing on a foundation of bullion gold, that is in or out of the ground, will not only survive but they will also thrive. End of story...

ma, per chi ancora dormisse...An Italian paper gets it: Central banks push gold futures down so they can get more metal here e in italiano qui.

Economists can forecast the next financial earthquake about as well as seismologists can predict a tsunami. They know it only after they see it, but then it’s too late to take cover. 188 Internet Shutdowns In 2018 Show Why Physical Gold Is Ultimate Protection

Stàteve buono guagliù! Entendance

04/04/2019 The Euro’s $2.7 Trillion Italy Problem

04/04/2019 Italy Is Said to Cut Economic Growth Forecast to Just 0.1%

04/01/2019: What suits Germany does not suit Italy. The euro could face a quicker destruction, simply by the Eurozone falling apart

It’s complacency that gets you killed 

Told ya.

"Il tuo oro è il nostro oro". Chiunque non capisca o si disinteressi, merita davvero ciò che gli accadrà. La noncuranza uccide.

Auguri.

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In February 2019, the number of employed people moderately declined compared with January (-0.1%, -14 thousand); the employment rate decreased to 58.6% (-0.1 percentage points). The fall of employment involved mainly people aged 35-49 years (-74 thousand), while people aged over 50 continued to go up (+51 thousand). ISTAT

Recessione. Diminuiscono gli occupati permanenti di 33mila unità e anche quelli a termine di 11mila. In un mese -44mila occupati dipendenti.

1 aprile 2019 ISTAT

 "The banking cartel, central banks and governments create debts – dollars, yen, pounds, and euros and inject them into economies. Those new currency units make existing units less valuable. They purchase less—called devaluation—and prices rise. The devaluation process accelerates every year and is unlikely to change (without a huge reset) because it benefits governments and the banking cartel.
Prognosis: More devaluation is inevitable, along with higher prices..."The Big Picture on Debt and Devaluations

Mr. Bean-draghi on the prowl: The European Central Bank needs to approve any operation in the foreign reserves of euro zone countries, including gold and large foreign currency holdings, the ECB’s President Mario Draghi said on Thursday.

L’oro degli italiani? Non più, è della BCE. Parola di Draghi

Controlling The Wire

"...The first problem with the EU is that, though it is called a union, it isn't really one. To be sure it has a flag, an anthem, a parliament, a council of ministers, and even pseudo-embassies in many countries, but despite such trappings of a state, the EU is essentially an economic club; not a state.

Even then, the EU is basically concerned with two branches of the economy: industry and agriculture, sectors that represent around 32 percent of the combined gross domestic product (GDP) of the 28 member states. In the case of Britain, which is primarily a service-based economy, industry and agriculture account for around 25 percent of GDP.
The EU's annual budget accounts for around one percent of the total GDP of its 28 members. However, on average, the state in the 28 member countries controls the expenditure of around 50 percent of GDP.
Key aspects of the economy, including taxation, interest rates and, apart from members of the Eurozone, national currencies are not within the EU's remit.
The EU's member states represent many different historical memories and experiences. The British are shaped by two centuries of colonial experience, followed by a brief flirtation with social-democracy morphing into the Thatcherite version of capitalism caricaturized in a single word: greed. The EU's Nordic members emerge from seven decades of social democracy with "welfare" as the key concept.
Germany and Austria pride themselves in their "social market" economic model, which is regarded with deep suspicion in other European countries. Italy, and to a lesser extent Greece, Spain and Portugal have a "black-and-white" model in which the unofficial or black economy is almost as big as the official one. The Benelux three, Belgium, Holland, and Luxembourg have lived with what they call "social capitalism" -- a system in which the principal role of the state is redistributing the wealth created.
France, depending on the party in power at any given time, has vacillated between the German-Austrian and the Benelux models.
The Central and Eastern European members were all parts of the Warsaw Pact and the Soviet-dominated Comecon and used to expecting the state and the party in control, to take all decisions and cater for all needs.
The 28 member states also have different political systems, ranging from traditional monarchies to republics with a revolutionary background and nations emerging from the debris of empires.
They also have long histories of enmities with one another. Leaving aside a long history of wars, some lasting over 100 years, little love is lost between the French and the Germans or the British for that matter. For the Hungarians, the number-one hated people in the world are the Romanians who still rule over four million "captive Hungarians" whose territory they annexed in 1919.
The Irish love the Brits as much as the Dutch love the Germans, that is to say not very much. Italians still remember oppression under the Austrians and the Spanish haven't forgotten their struggle against Napoleon.
It is a wonder that the EU has managed to bring together so many nations in a region that has the longest and most intense history of national rivalries and enmities compared to any other region in the world. Part of that success was due to fears fomented by the Cold War and hopes risen after the fall of the Soviet Empire.
The Western European nations felt they needed to set aside old enmities to face up to the Communist "beast from the East". In the post-Soviet era, the Central and Eastern European nations hurried to join the EU and NATO to put as much blue water as possible between themselves and their Russian former oppressors.
Needless to say, the United States encouraged the formation of the original Common Market and supported its morphing into the EU as part of a grand strategy to contain the USSR. In that context, the EU played a major role in ensuring peace and stability in a continent that has witnessed most of the wars that humanity has seen in its history.
The EU has also done a great job with the so-called mise à niveau (bringing up to standard) policy of helping new members achieve some measure of parity with the founding members in key fields of the rule of law, democratic values, economic regulations, and international behavior.
Brexit has highlighted the key challenges that the EU faces..."

Elezioni EU? Qui professiamo Fuori dall'EU, fuori dall'€, reset, di conseguenza non andiamo a legittimare, votando, una bestia che noi consideriamo nefanda.

24 maggio 2019 "L’ambulantato a Roma ha toccato vette mai viste prima. Bancarelle ovunque, sui marciapiedi, in curva, nei giardini, davanti ai monumenti. Un commercio ipertrofico e troppo spesso vicino all’illegalità come sta emergendo dall’inchiesta che ha visto protagonisti alcuni membri della famiglia Tredicine e altri esponenti delle associazioni di categoria..." Niente spostamento delle bancarelle. Il M5S fa macchina indietro

Vote for Nobody. capitale a 5 stelle

"Bureaucracy is a construction designed to maximize the distance between a decision-maker and the risks of the decision."

Ci vuol altro.

"In che senso?" Capitolo XI

Inghilterra Italia: trova la differenza!

***Debt is the Hidden Issue in The European Elections ***

Plan for the worst and hope for the best: here

Inghilterra Italia: trova la differenza!

L'attuale edizione di questa spiaggia virtuale nacque  prevalentemente in forma divulgativa proprio perchè mi resi conto, dalla fine del secolo scorso, come fosse difficile, per chi non avesse passato parte della sua vita dentro le stanze del sistema, coglierne le sue strategie e tecniche, atte unicamente a conseguire l'unica priorità: il continuo consolidamento dello status quo. Di conseguenza, come curatore di menti e portafogli, ho sempre evitato di emettere affermazioni di principio, mentre ho tentato di portare fatti e dati ed ho cercato di condividere le mie conoscenze specifiche, al fine di facilitare la lettura di ciò che è, contrapposto a quel che l'agenda del sistema vuol far apparire come reale.  

Anch'io sono membro inconsapevole del club Dunning-Kruger: spesso mi trovo a dare per scontate, data la mia esperienza/competenza, situazioni che invece per tanti altri sono ingarbugliate, confuse, e spesso incomprensibili, o all'opposto chiarissime (l'altra faccia di membri del club Dunning-Kruger...più sono incompetenti, meno realizzano la loro carenza ed anzi sono convinti di possedere la verità).  

Il sistema, con il suo Padre e Principe della Menzogna che governa la globale struttura di peccato di questo mondo, ostacola la visione intera del puzzle e ne offusca e nasconde le molteplici tessere, con lo scopo di creare assuefazione, rassegnazione, paura e sottomissione. L'ho visto all'opera in molteplici circostanze ed ho imparato a stanarlo, sempre con rispetto e prudenza, vista la sua principale arma, la morte del corpo e dell'anima. 

Vabbè, ma perché, di sabato, questo pippone/pistolotto di premessa?

Chi come me ha trascorso e trascorre molto tempo ai tropici, è consapevole del cambio delle maree e delle conseguenze: con la bassa marea si nota ciò che altrimenti non si vede, così come, se al cambio di marea da alta a bassa si nuota nel punto sbagliato, dove cioè c'è una apertura del reef, si rischia di essere portati fuori dalla corrente e il ritorno a terra è cosa solo per esperti (che peraltro non si azzarderebbero mai ad entrare in acqua lì e durante il cambio).

Il cambio di marea è in atto.

L'acqua bassa fa finalmente emergere i rifiuti sul fondale.

La corrente sta cambiando.

Il sistema resiste e pompa altra acqua, per rimanere a galla.

Si confronti la situazione politica in Inghilterra e in Italia e, al fine di una migliore assunzione di questo pistolotto, si usi il motore di ricerca della spiaggia in alto a sinistra per inserire qualunque termine/cognome/parola e verificare cosa ne esce fuori, visto che ci si è sfiancati a scrivere dal 2015 ad oggi (lol) e l'archivio, quindi, è sufficientemente esaustivo.

In Inghilterra, Farage col suo neo-costituito movimento-partito Brexit ha definito chiaramente la priorità: uscire dalla gabbia/prigione EU.

E vincerà.

In Italia, nel 2019, ancora si farnetica di questa EU da riformare dall'interno, da modificare, senza uscirne.

Con l'appoggio di Bergoglio e degli ex-alunni dei gesuiti sparsi ovunque nel sistema, grazie anche a tradimenti dell'ultima ora (peraltro finalmente esposti, oltre che da questa spiaggia, da tanti altri in rete, compresi Paolo Barnard e Marco Mori), il fronte del "rimaniamoci dentro per cambiarla" è preponderante, almeno sui media di regime e nei loro sondaggi.

Quali armi usa questo schieramento per vincere e finire così di spolpare l'osso Italia anche qualora diventasse cadavere putrido? L'appartenenza (ricercate questa parola nel motore della spiaggia!), la sollecitazione di bassi istinti e l'etichettatura dei "diversi" in varie forme simboliche, tutte tendenti ad evocare fantasmi del passato e a far scattare riflessi canini di pavloviana memoria.

Occorre far dimenticare la Grecia, Cipro, i tassi d'interesse negativi, i burocrati non eletti che impongono ciò che loro non subiscono, l'ambaradam di miliardi di euro delle loro strutture di costi ubicate dove sappiamo, che mantengono centinaia di migliaia di parassiti.

Occorre far dimenticare il piano di immigrazione forzata, esposto in questa spiaggia laddove ci si è interessati del papa gesuita, vòlto al definitivo conseguimento di Eurabia.

E nel frattempo, grazie all'obolo del reddito della gleba, alla confusione in casa degli ortotteri e all'assist di economisti neo eletti rivelatisi voltagabbana, le chiacchere narcotizzanti imperano.

Tutto pur di evitare che prevalga il buon senso di affrontare il taglio del nodo di Gordio e quindi il reset di questi venti anni passati a delocalizzare, massacrare salari, premendo solo su "lo vuole l'Europa" (che poi è voler far passare la falsa equivalenza fra EU e Europa, menzogna esposta qui da subito).

Io non voterò per alcuno, personale e discutibile ma sempre personale mia scelta, in quanto io non legittimerò col voto ciò che non accettai sin dalla sua forzata creazione. 

Certamente, però, inorridisco di fronte ai capitoni che si divincolano nel secchio, come ebbi modo di dire in un faccia a faccia col professore che mi pare non nasconda il suo narcisismo, col suo sentenziare che, a mia opinione, denota spocchia e arroganza (la bassa marea della poltrona?).

Certamente non solo l'unico a ricordare gli esempi dati, con la propria vita, da Enrico Toti e dai ragazzi della Folgore .

Mentre le sabbie mobili crescono inesorabilmente. E.  

Bonus links:

*The only way is Brexit 

**The EU has never been able to help the poor to free themselves.

"...But Roma collapsed...They did two disastrous things to solve their deficit: First, they kept raising taxes which became punitive...Second, they debased the currency which led to inflation..." How to Destroy a Civilization

Italia... what can possibly go wrong?

Source: Italian Government Data in € Italy Debt Clock

in US$ here

(Ha imparato da Kasparov: Cassandra ha colpito di nuovo)

Cognitive dissonance: An Italian disease

20 Brilliant Ways People Avoid Their Feelings (and the Havoc it Wreaks)

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Capitulation to irrelevance: Italia

"Speditemi urgentemente il doppio del campionario:***qua sono tutti scalzi!" 

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 Olimpiadi invernali 2026, l'ennesima sòla perpetrata a danno dei tifosi: QUI & QUI

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Capitulation to irrelevance: Italia

I think we are long past the time when illusions could be dismissed as wishful thinking or as acts of naive desperation. Men truly go mad in herds, and come to their senses slowly, one at a time. And some, in their stubborn pride, never will. -Jesse

 Italy has lost economic weight in the world. While in the 1990s, before the introduction of the euro, the country accounted for >5% of global GDP, it now accounts for less than half of this share, and the trend continues to fall.

 Italy has not really benefited from the euro. Italy's per capita GDP as % of EU’s has crashed from 122% of avg EU to 96%. If the trend continues, even Spain may soon have overtaken Italy.

"...I tifosi non guardano agli atti ufficiali ma ovviamente ***questi tifosi hanno una scusante, tutta gente in difficoltà, non ha tempo per informarsi, è molto sofferente, quindi io capisco tutto, però il tifo in questo momento condannerà la Repubblica ad un inesorabile fallimento..."  
  22 GIUGNO 2019, VIDEO: La risposta strategica di Conte a Bruxelles...direzione USE!

Dedicato ai "tifosi": Repetita iuvant

QUI QUI QUI QUI QUI

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Sven Henrich: "...For cutting rates again is making wealth inequality even greater, is again punishing savers, pushing wealth toward the asset class holders and encouraging ever more debt accumulation. In short: Make the bubble even bigger. Debt is higher than ever, growth is weak and 10 years of cheap money policies by central banks have failed to produce growth and/or meet artificial inflation targets.
Let’s do it all again, except it’s different this time. It’s worse. Much, much worse.
But no central banker will never admit it..."

***Fuori dal sistema dei banksters

"Europe has been warned. Any use of monetary levers to hold down the euro exchange rate will be deemed a provocation by the Trump administration.
Further cuts in interest rates to minus 0.5 percent or beyond will be scrutinized for currency manipulation. A revival of quantitative easing will be considered a devaluation policy in disguise, as indeed it is, since the money leaks out into global securities and depresses the euro.

The Bank for International Settlements says E300 billion of Europe's QE funding reached London alone between 2014 and 2017.
If the ECB copies the Swiss National Bank and starts to amass foreign assets directly to cap currency strength Europe will face certain retaliation.
Whether the Swiss can get away with their policy for much longer is an open question. The SNB has foreign holdings of $760 billion -- near 120 percent of GDP -- and owns slices of Apple, Microsoft, Amazon, Facebook, and Exxon.
As the global economy falters we are entering the next phase of currency warfare. There is going to be an ugly fight for scare global demand.
What is striking about Donald Trump's tweets against the ECB this week is how quick he was to see the significance of Mario Draghi's policy pirouette in Sintra -- already dubbed "whatever it takes II" by bond markets -- and how quickly he pounced:
Mario Draghi just announced more stimulus could come, which immediately dropped the euro against the dollar, making it unfairly easier for them to compete against the USA. They have been getting away with this for years, along with China and others. -Donald J. Trump June 18, 2019
This has the imprint of his trade guru Peter Navarro.
The dollar is of course overvalued. The Federal Reserve's broad dollar index reached a 17-year high in early June. The manufacturing trade deficit has ballooned to $900bn.
These imbalances have been made worse by Mr. Trump's own policies. His tax cuts at the top of the cycle have pushed the budget deficit to 4 percent of GDP. They forced the Fed to jam on the brakes last year.
This "loose fiscal/tight money" regime is the textbook formula for a strong currency. But the White House is not going to admit this. It is going to blame foreigners, and foreigners are not innocent either.
The eurozone is chief global parasite. It has been sucking demand out of the global economy with current account surpluses of E300 billion to E400 billion. China is a saint by comparison. This "free rider" behavior is the result of the euro structure and the austerity bias of the Stability Pact and German ideology amplified through currency union.
The rest of the world pays the price for euroland's half-built experiment and its failure to stimulate -- that is to say its failure to create a joint treasury with shared debt issuance that would make an investment revival possible in the depressed half of Europe.
Mr. Navarro has special twist on this: The warped mechanism of monetary union allows Germany to keep the implicit Deutsche Mark "grossly undervalued" and to lock in a beggar-thy-neighbor trade advantage over southern Europe. Hence Germany's chronic current account surplus of 8.5 percent of GDP.
Mr. Trump's White House has had enough of this and the battleground is over the currency. Democrats are singing from the same hymn sheet. Presidential candidate Elizabeth Warren has launched a campaign of "economic patriotism" with active currency management.
The Economic Policy Institute in Washington proposes buying the bonds of any country engaged in currency manipulation to neutralize the effect. The U.S. Treasury is in charge of currency policy and can effectively order the Fed to support U.S. foreign policy objectives.
It reminds me of the Reagan Doctrine during the Cold War: playing Moscow at its own game by sponsoring guerrilla insurgencies (Nicaragua, Afghanistan, etc). It bled the Soviet Union dry.
This is the new world order that Mario Draghi faces as he tries to stop the eurozone from sliding into a deflationary quagmire. The ECB's market measure of inflation expectations -- 5-year/5-year swaps -- have collapsed with all the nefast consequences this has for nominal GDP growth and Italy's debt trajectory.
Yields on 10-year Bunds have crashed to minus 0.30 percent. The bond markets are signalling an ice age. Clearly the decision to shut down the E2.6 trillion QE program in January and declare mission accomplished -- when Euroland was already in an industrial recession -- was a policy blunder. It was forced upon Mr. Draghi by hawks.
He is now taking revenge on the ECB's governing council with a fait accompli. Unless the eurozone starts to recover "additional stimulus will be required," and for good measure: "If the crisis has shown anything, it is that we will use all the flexibility within our mandate to fulfil our mandate," he said in Sintra.
This pledge was made without first securing the consent of the Teutonic bloc. Angela Merkel's Christian Democrats called it “an alarming signal for the ECB's integrity.” This time Mr. Draghi may have overreached in every sense.
The ECB can of course buy corporate bonds and bank debt (a shield for Italy). It can do some stealth monetization of public debt. But plain-vanilla QE at this stage is tinkering. Little more stimulus can be extracted by pulling down the long end of the yield curve. The curve is near inversion already.
"It is ceremonial. The ECB is powerless. It is scrounging about trying to create a sense of action, but none of this has any effect," says Ashoka Mody, a former bailout chief in Europe for the IMF and author of "Eurotragedy: a Drama in Nine Acts."
The deflationary cancer is now so deeply lodged in the eurozone that it would take helicopter money or People's QE -- monetary financing of public works -- to fight off any future global slump. Such action would violate the Lisbon Treaty and would test to destruction Germany's political acquiescence in the euro project.
In truth QE in Europe has always worked chiefly through devaluation. The euro's trade-weighted index fell 14 percent a year after Mr. Draghi first signalled in 2014 that bond purchases were coming. That was powerful stimulus. When the euro climbed back up the eurozone economy stalled.
It takes permanent suppression of the exchange rate to keep euroland going. As the Japanese have discovered, it is very hard for an economy with near zero inflation and a structural trade surplus to stop its exchange rate from rising unless it resorts to overt currency warfare. That is exactly what Mr. Trump is not going to allow.
Every avenue of monetary stimulus is cut off in the eurozone. Only fiscal stimulus a l'outrance -- 2 or 3 percent of GDP -- will be enough to weather a serious crisis. That too is blocked.
“The ECB has masked the fragility over the last seven years and nobody knows when the hour of truth will come,” said Jean Pisani-Ferry, economic adviser to France's Emmanuel Macron and a fellow at the Bruegel think tank.
“There is no common deposit scheme for banks. Cross-border investments are retreating. The vicious circle between banks and states could come return any moment,” he said.
Mario Draghi's rhetorical coup in July 2012 worked only because he secured a partial approval from Germany for the ECB to act as lender-of-last resort for Italy's debt (under strict conditions). That immediately halted an artificial crisis. The situation today is entirely different. The threat is a deflationary slump. The ECB has no answer to this.
Markets thought they heard a replay of "whatever it takes" in Mr. Draghi's speech and hit the buy button. But economists heard another note in Sintra: a plaintive appeal for EMU fiscal union before it is too late.
The exhausted monetary warrior was telling us that the ECB cannot alone save the European project a second time." -Ambrose Evans-Pritchard

•Chi si ferma di più alla spiaggia?

Down she goes. Italia

(Gravity is a bitch)

Questo thread è terminato. Consiglio di proseguire nella lettura qui, ma solo dopo aver eseguito l'esercizio di disidentificazione di Assagioli.

E.