Italian crash, make a stash

They are blaming the stock market plunge of 2% today on the Italian crisis.  But, we know that the Euro is about to blow.... We're sitting on a powder keg. In Europe, destabilizations are mounting. In Italy, the latest phase of blocking sovereignty and the will of the electorate, occurred last night, when President Sergio Mattarella denied the ministerial roster submitted by the coalition of M5S and Lega parties—objecting to senior economist Paolo Savona for Economics Minister—and instead declared an ex-IMF austerity hitman, Carlo Cottarelli, as Prime Minister-designate, mandated to form a cabinet. When sent to Parliament, Cottarelli's list will be rejected, prompting more chaos, and new elections. This is a coup, but the London-centered "financial community," expressed by Handelsblatt, applauds Mattarella for blocking "populism."

In Spain, a crisis is looming, as a no-confidence measure will be debated later this week, on the Rajoy government—which has de-merits; but the danger comes from the lack of any positive program from anyone at all. The potential instability here, particularly threatens those parts of the Iberian Peninsula which have been moving strongly with the Belt and Road Initiative.

In the United States, the Mueller/Russia-Gate Coup—though discredited by the hour—is still in operation and causing havoc in policy-making across the board. And all the while, the Wall Street/City of London monetarist system is cracking up, as shown by the recent emergency palliatives administered to Deutsche Bank, and the worsening situations of several national economies which are being slammed, as hot-money games blow out in Argentina, Brazil, and elsewhere.

The situation is very dangerous. But the blatancy of the "British" element throughout, creates a not-to-be missed opportunity, for action to strike the fatal blow. The London-centered financial and geopolitical power network is resorting to ever-more obvious dirty means to oppose the advance of the new world paradigm seen in the "New Silk Road."

Our latest heavy ammunition is the May 26 LaRouchePAC "Memo to President Trump: Time to End the Special Relationship; Declassify All British Spawned Documents Concerning Your 2016 Campaign." This Memorandum puts it all together. As it states,"The actual story...is that the British and their friends in the Obama Administration ran a full counterintelligence and information warfare operation against the American presidential campaign of Donald Trump, because they knew that Trump could win the election against Hillary Clinton, an uninspiring robot candidate, who had completely lost touch with any Americans not associated with the bi-coastal elites."

President Trump himself reiterated in six tweets over the weekend, how Russia-Gate has turned into Spygate. For example, May 26,"This whole Russia Probe is Rigged. Just an excuse as to why the Dems and Crooked Hillary lost the Election and States that haven't been lost in decades...SPYGATE & CONFLICTS OF INTEREST."Though he omits citing the British factor, Trump did make reference to it historically, in his May 25 speech at the Annapolis Naval Academy, saying that, "Our ancestors trounced the Empire..."

Now is the time for trouncing the Empire worldwide. The indications of what positive steps could look like, for the advent of a worldwide shared future of peace and development, come from Asia. Previews were given Monday from Beijing, of the June 9-10 Shanghai Cooperation Organization summit in Qingdao, where President Xi Jinping will chair the sessions, host a state visit with Russian President Vladimir Putin, and welcome guest observer nations, including Iran. Two days later, there is the prospective meeting of President Trump and North Korean Chairman Kim Jong-un.

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Euro is DOA

Hey Harlem dudes,

 And then you had to spoil it all, but saying something stupid- Save the Euro!
(Frank Sinatra or spoof, Something Stupid)


The Euro is not going to make it, and you could call the Euro and the Euro financial system, DOA, that  is dead on arrival.

The Italian government and the European Commission have activated crisis units to face an expected panic sale on Monday, July 23.
Yesterday, Italian and Spanish bond and stock markets plunged, and the spread went back at record height. Spanish 10-year bond yields rose to 7.284% yesterday, and Italian yields climbed above the 6% mark. The stock markets plunged 4.7% in Spain and 4.4% in Italy.
The Italian government has cancelled a bond auction scheduled for Aug. 14, but at the end of the month about EU31 billion must be somehow refinanced. Projections say that at current rates, Italy shall pay an additional EU15 billions on debt service by 2015 (almost EU100 billions in total).
Government sources speak of "those damned 50 days" from now to the expected ruling of the German Constitutional Court on Sept. 12, according to La Repubblica.
The fact is, that even if the Court rules in favor of the ESM, the euro is doomed anyway. Life for the ESM is now complicated by the fact that the left arm of the EU is sabotaging the right arm.
Eurostat is now demanding that the ESM clarify uncertainties as to who pays the final bill. Should Spanish banks bailed out by the ESM go bankrupt, Eurostat says that it must be clear whether the EU100 billion shall be paid by Spain or by ESM shareholders (the ESM member countries). Since it is clear that a bailed-out country cannot pay the bill, this is going to create more opposition among the public, such as in Germany.
Nevertheless, it is feared that puppet Italian Prime Minister Mario-netta Monti will use the pretext of the speculative attack to carry out another ambush against Italian taxpayers. Rumors circulate that the government might impose a tax on personal property which might reach EU250 billion. Monti gave a press conference yesterday and attacked a newspaper which had indirectly compared him with Mussolini. The ESM will condemn us to a "Ventennio"—20 years, usually a reference to Mussolini's Fascist dictatorship—the newspaper had written