Spread
The price of Italian bonds spiking up, the increasing of spread, is the old escamotage they use to scare and condition the population as they did in 2011, an excuse to destitute a democratically elected government, replacing it with a bunch of burocrats headed by Mr. mario monti (yes, the lowercase is intentional), a Goldman Sachs henchman, member of the Trilateral Commission...We actually never had an elected goverment since then.
http://www.repubblica.it/economia/2018/05/29/news/chi_detiene_il_debito_pubblico_italiano_30_anni_di_cambiamenti-197562983/
In this article is shown how the Italian debt is distributed, the newspaper is parsecs away from my politcal beliefs but it clearly explains how the public debt is mainly owned by banks and not by Italians...How weird.
Spread is the differential on ROI between Italian's BTPs and German's Bunds, and guess what happens to spead when those banks who own our "debt" decide to put our BTPs on the market? It ramps up.
And this in my opinion is a great example about how the financial system influences and dictates, with the help of mainsteam media, the course of our flawed democracies.
The Plot
What happened last Sunday is something unbelievable and without precedents in the history of our republican phase.
The President of Republic denied the formation of a government after months of consultations between the two major forces who won the elections in the 4th of March:
The 5 Stars Movement and Lega Nord, the two major so called "populistic parties".
He opposed the fact that an euroskeptic professor like Mr. Paolo Savona would've been appointed Minister of Economy, and the President is technically not allowed to do so, according to our Constitution.
He's now trying to impose an ex IMF burocrat, Mr. cottarelli (voted by none), in order to "protect the savings of the Italians", who most likely won't be approved by the Parliament...
I read a comment by in which he stated that Italy and Greece should follow the example of Iceland and say a big fuck you to banks, capitalists ecc...
The point in my opinion is that, if an island of 300 thousand people decides to go MGTOW is not that big of a deal, with all the respect I have for Iceland.
But if other European countries follow that route, nationalizing and directly controlling their central banks, things would get really bad.
World War II started for this reason, thankfully a lot of folks worldwide are waking up about this.
Plus, that process wouldn't be that easy this time, there's a little variable that adds up:
Red dots representing the US bases in our territory, thanks for reading.