The European Financial Dictatorship in panic again, warms its machine for a second coup against Italy

How many more financial coups the European Financial Dictatorship is willing to orchestrate in order to maintain austerity and sado-monetarism inside the member-states?

globinfo freexchange

The Brussels/Berlin axis in the European Financial Dictatorship (eurozone) has put itself in alarm mode again, this time due to what appears to be a bigger threat for its iron, authoritarian model of austerity and sado-monetarism. The threat comes from the new eurosceptic coalition government in Italy, formed by the anti-establishment Five Star Movement and the anti-immigrant Northern League.

The European Vice President, Valdis Dombrovskis, rushed to launch an indirect threat against the new coalition in Italy, saying that "We view it as important that the Italian government remains on course in pursuing a responsible budget policy," and "We can only advise it to stay on course in terms of economic and fiscal policies, to stimulate growth through structural reforms and to keep the budget deficit under control,". Warning shots also fired by the French Economy Minister Bruno Le Maire.

Yet, there are signs that even bigger threats came from the top destructive weapon of the European Financial Dictatorship, the European Central Bank: “Rumors are rife that the European Central Bank may use its regular bond buying to sway the program of the new Italian government, but past data provides little evidence it uses these purchases to intervene in times of political turmoil. Italian bond yields have risen sharply on fears that a populist government will clash with Brussels over spending plans, and some have suggested the ECB may have reduced purchases recently to send the new government a signal about discipline. Traders see little evidence of this for now, and Italian spreads over Germany actually narrowed on Tuesday, suggesting that investors’ nervousness may be calming as the new government provides clarity over its plans.”

Sounds familiar?

Recall that, the Greek political establishment collapsed with the rise of SYRIZA in power, and the ECB was forced to proceed in an open financial coup against Greece when the current PM, Alexis Tsipras, decided to conduct a referendum on the catastrophic measures imposed by the ECB, IMF and the European Commission, through which the Greek people clearly rejected these measures, despite the propaganda of terror inside and outside Greece. Due to the direct threat from Mario Draghi and the ECB, who actually threatened to cut liquidity sinking Greece into a financial chaos, Tsipras finally forced to retreat, signing another catastrophic memorandum.

Yet, this was not the first financial coup. While Greece was the major victim of an economic war, Germany used its economic power and control of the European Central Bank to impose unprecedented austerity, sado-monetarism and neoliberal destruction through silent financial coups in Ireland, Italy and Cyprus.

It has been revealed that back in 2011, a certain mechanism of the political and economic elite within and out of Italy, forced Berlusconi to resign in order to be replaced by the technocratic puppet Mario Monti to impose harsh austerity, as a key element of the neoliberal agenda.

As described, the former Prime Minister, Romano Prodi, gave blessing to Monti and a prophecy: "When Italian spreads reach 300 units, you will be asked to govern." Italian spreads finally surpassed the 300 units that Prodi predicted, to reach 500. Italy was in face to face with the ghost of bankruptcy. Either by populism, or by free choice, Berlusconi did not abide by the orders of Germany. He became unpopular, as he challenged austerity policies, so he had to be removed.

No surprise that the head of the Bank of Italy at that time was (guess who) ... Mario Draghi.

One year later, Draghi, as the head of the ECB this time, will announce the decision for unlimited purchase of government bonds in eurozone. As described back then “the ECB becomes a corresponding Fed in the European area, “serving” the problematic economies that are excluded from the bond markets, through the print of new money. Therefore, the problematic economies will be loaded with more and more debt which the ECB, i.e. the largest private European banks will hold. Someone could argue that is not something new, since nations were facing huge debts in previous years, because they were indebted to banks through the excessive borrowing from the markets. But in this case, there is an important difference that makes things much worse: it is the cruel conditions imposed by the ECB to states that need to buy money. States that are excluded from markets, are now trapped within the neoliberal economic empire of the eurozone and will be forced to follow new austerity measures every time they need ECB to buy their bonds.”, which is exactly what happened to Greece.

The trap mechanism was completed. Anyone who dared to refuse austerity and sado-monetarism, imposed by the Brussels/Berlin axis, through 'undesired' political parties in power, would be delivered to the hands of the ECB regime and would be forced to take all the painful measures, through economic suffocation.

The new coalition in Italy will certainly have to face this sinister mechanism (perhaps another silent or open financial coup), in case that it will remain committed to its promise to relief the Italian people from brutal austerity.

So, the next big question is: how many more financial coups the European Financial Dictatorship is willing to orchestrate in order to maintain austerity and sado-monetarism inside the member-states?