Italy is broke, banksters play pretend and extend

Banksters, too often, refuse to take any responsibility, face reality, or tell the truth. Not only are they corrupt, they are also stupid. This dreary pattern is playing out in Italy. It can’t pay its bills so rules will be changed so bankster’s deranged delusions can continue.

Hence, a eurocratic deus ex machina: Jos̩ Manuel Barroso, president of the European Commission, told the European Parliament on Wednesday that the budget rules would be reinterpreted for 2014 so that some public spending on infrastructure projects could be excluded from the deficit figures Рsomething Italy has long pushed for in its valiant efforts to keep its deficit under 3%. If all else fails, monkey with the rules. Abracadabra.

Italy election to banksters – drop dead. Mainstream media horrified

Comedian turned blogger Beppe Grillo won 25% of the Italian vote
Comedian turned blogger Beppe Grillo won 25% of the Italian vote

Voters in the Italy election convincingly rejected austerity on Sunday. Appointed prime minister Mario Monti, member of the Bildeberger Group and advisor to Goldman Sachs, got clobbered, with a mere 9%. Comedian Beppe Grillo running as a protest candidate got 24%. The center left won, but only slightly.

All of big winners oppose the austerity bankers are trying to force on Italy. Predictably, this gets mainstream media upset, as witness highly biased “reporting” from BBC which pretends to be factual.

It was, after all, only the reformist policies being pursued by Mr Monti’s outgoing technocratic government which were standing between Rome and unaffordable borrowing costs.

Ah yes, an unelected technocrat beholden to and in league with the bankers is of course exactly what Italy needed. “Reformist” means force Italians who were not responsible for the implosion of international finance to clean up the mess bankers made so  bankers can continue to profit. Apparently BBC thinks this is the only “solution” to the crisis. However, other solutions exist. The banksters take writedowns on the garbage bonds they bought and junk loans they made and / or Italy simply defaults like Finland did.

So the outcome of Italy’s election is a strong signal that the eurozone debt crisis is far from over. It could also be damaging for Ireland and Portugal – the two somewhat better-behaved members of the bailout programme.

If you protest looting by banksters then you are by BBC definition, badly behaved. Shut up slave, and do what the banksters tell you to do.

This election result also illustrates that the longer the hardship lasts, the more voters may be drawn to populist policies.

Recent history suggests people are more likely to support austerity measures, if they can start to see tangible results in return for their sacrifice.

Imagine that, if people see results from money they spend, they might be more inclined to continue doing so. But the Italian austerity is solely meant to bail out insolvent and corrupt big banks and does little if anything for the populace. Italian voters have now rightfully rejected the machinations of the bankster parasite class.

The vampire squid is in Italy too

Goldman Sachs looking for more "investment opportunities." (Ok, it's actually a vampire squid. Photo from Tripbase)
Goldman Sachs looking for more "investment opportunities." (Ok, it's actually a vampire squid. Photo from Tripbase)

Ex-Goldman Sachs employees hold high governmental positions in Italy. And brace yourself for this shocker, Goldman is embroiled in a corruption scandal there too.

What, was taking control of America not good enough for The World’s Most Evil Investment Bank? Guess not, because now they’ve been accused of spreading their tentacles across the pond (vampire squid style) and taking control of Italy, which is amusing because usually the Mafia gets credit for running that joint.