iTALY
The Masters GRIP
The Italy government proposed budget is under siege, in the line of fire. The Erozone ( yes, it is a porn site?) TROIKA (threesome? WD english sucks) is riding again, and they do not want any sign of rebellion, even if it is a futile peanuts one.The Troika is keeping firm the feeding Eurozone value chain as they think it should be. On the wobbling German France axis..(kamasutra?)
Mind, it is a very modest planned budget deficit, so modest it will not help at all. Some 2,4% the first year and then regressing to 1,8% and down again… In fact in WD opinion it should have been around 5% to make a difference, as Germany once made it with 6% and others too…
2,4 % first year is just above water and any global downturn will sink the effects to nothing.
5% for over a decade was and is the only solution, but as we know, Italy, with the current surplus – taxing more than it gives back- and relatively good trade balance in spite of all IS NOT A SOVEREGN STATE as are not all others in the Eurozone. Being only the Debt Milking Cow without controlling its (foreign) currency -the Euro.The 5% a year, minus 1% for optimizing the cost effectiveness of the Italian State with special aimed optimizing public management programs which are bloody needed to lift Italy from its current public sector government 60% effectiveness compared to its Eu competition benchmark States, will, in a 5 % a year/decade of investments, like,for ex,fiber optics, logistics and overall state public and other infrastructure for the 4.0 economy and the whole current messy infrastructure again put Italy back on the map.
Of the 5% deficit, which, without Italy having its own central bank, will double the overall debt in something like 14 years (over 240%) if we do not count the debt /gdp ratio, which is relative and with 5% deficit Italy could and would achieve with the real GDP rise push as the effect of the investment “deficit” and even start to close the debt gap and scale down the today 135%, but no, The Masters are building the debt outcome as a current default scenario and are unable to figure the real economic salvation strategy of the 14 years absolute doubling of debt,or on any debt rise. They are or stupid or know something we do not know, i.e, that soon the house of cards will blow, and they think there is some level of debt which can be controlled, but regardless, the world debt is is just on the rise in absolute figures and that is a food bank for the financial sector of the global sharks. Are they (the sharks) too many and the Masters want to control the sharks demographics-proliferation? Nahh, just Austerian obsessive bollocks..
When the state without its own controlled currency and already this concept is mind blowing, or something so dumb one can not think possible, but that is the situation, the no currency State is operating on a MORTGAGE BASIS, covering expenses by mortgaging the inner wealth, or just selling off any asset to cover the debt.One may ask why the Financial sharks and the Masters are not cashing in the Italy Mortgage in whole, because Italy debt is 135% of the GDP and they could cash almost half of Italy?
Well, nobody is so stupid to cash in Italy because it is a Debt Milking Cow.The plan is just more hard milking. The Mortgage is partly cashed only to prop up the debt pyramid and that is why there is a Debt/GDP Ratio – a relative equation on which the cow is able to be milked.
That Italian government is poorly bluffing shows the number of the deficit-2.4% for one year. And the manipulative bluffing use of the word Citizen Income, when it is only an unemployment benefit and much in line with the German Mini Job Ideology, ha, sounds like Karl Marx and his german ideology!?, for fun…The same goes for minor tax cuts on one side and lost tax relief on the other, some say the overall taxation will rise and that is another austerity measure in disguise under the tons of bluffing terms and enunciations..
THE ONLY WAY OUT FROM THE LINE OF FIRE
First, lets see why the current Eurozone situation is a dark alley. The latest Erostat polls (another porn site?) show that vast majority of the Eu peasant and sheeple are in favor of the EU as it is and of the Euro as a money.Regardless that even Witchdoctors cat was a hard skeptic about it years ago. The Italian situation is even more funny! The Majority is For the Euro but they are less in favor for the European union, which is not completely an Euro area! So, they want to keep the Euro, even if they voted in this type of government and they do not want to stay in the European union?
This Anal-phabet, illiterate, mindset will provoke in any major crisis the terrible outcome.Since the peasants have no clue whatsoever what is going on,how the system works in basic terms, they will take and support only completely stupid, demagogic, and heavily damaging moves and solutions, like always in Eufope (this is a toothless pronunciation).
The only way out in such a mess for Italy, keeping in mind the local peasants urge for the euro, even if they already have lost 25% macro value on it and lost even more in jobs and standard of living, not to mention they do not laugh any more and look very gloomy seen day by day, was and is a parallel – alongside currency .
The experts on the matter are even Italian Experts.For ex, Enrico Grazzini.
We are talking the Fiscal credit certificates, and the last (new) one, the Fiscal Credit Discount certificates.
Hmm, the Fiscal Credit Discount Certificates was and is the same concept that Witchdoctor proposed in the ”Blockchain of coffees” post…never mind, knowledge and ideas are open…
BUT the Italian Government is Bluffing. They Did Not propose anything of the sort.
So?
being Mortgaged for eternity?
How does it feel
To be on your own
With no direction home
Like a complete unknown….
As you stare into the vacuum of his eyes
And say do you want to make a deal?
How many roads must a man walk down
Before you call him a man?
Yes, ‘n’ how many deaths will it take till he knows
That too many people have died?
Witchdoctor Answers section for the 3 readers; how does it feel? it Feels Good, when you know who You are and act accordingly.
By the way, some astounding coincidence; The current Italian economy minister being put there by the Italian president who vetoed another guy which the government coalition proposed – this current one somewhat “rreasonably””pro Austerity”- Tria (back to number 3, what fun!)) was put there to control the punks who won the elections,as a young guy was a member of some Maoist outfit- Maoist Red Star Movement! Remember “Manual Barroso”, the chief Erozone commissioner, now working for Goldmine? same outfit.