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?
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?
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