Italian central bank finds: redistribution leads to corruption.


https://www.austriancenter.com/italy...on-corruption/

Quelle surprise!

https://news.sky.com/story/next-fina...-warn-11497433


WOOHOO WE'RE IN THE MONEY WE'RE IN THE MONEY.....

Yes the bankers are singing as they never loose.

I will say this yes it will be worst than the last one and the one to come after this predicted one will be even more worst and so on until the whole system collapses.

Its no new crisis, its the same old crisis that never had paused anyway. Only the symptoms of the next outbreak will be different ones, will be even tougher ones than last time. A new bubble has formed, and it is not specified to just one or two item categories, but seems to include it all, its the "all inclusive" bubble.

Debts, both state-wise and households-wise, are higher than ever before. Interest rates were perverted into something that lies and tells not the truth about risks and state of economies anymore. The gap between GDPs and private household savings, since long serving as an alarm indicator, has never been as huge as it is now and has never increased as steeply as in the past years.

Secure all stations, tighten all loose things - another symptom push is incoming, and it will be far worse than ten years ago. And yes, it could be big enough to break the system, maybe, due to the inner dynamic of such events unfolding being unpredictable, chaotic. And the Socialists and Keynesians still fight the fire by spilling more fuel into it. :/\\!!

About the brutality and unscrupelousness by which the German states has repeatedl plundered German citizens and owebers of some wealth in case of "currency reforms". If you think you are safe when owning property, think again. Property makes you a preferred victim (beside owners of gold). Not to mention that property that you use for your own living-in, is no in vetsm,ent, but costs you more in running maiteance and fees, than a real ivestement where oyu expect to be rewarded for your money-lenidng with a regular interest or one-time-profit.



https://translate.google.de/translat...tml&edit-text=


Nightmarish. I know why not to trust states and condemn all politicians. Never.



Who believes in "stable" paper money currencies, has not understood that the paper money was enforced by unscrupolous polit gangsters right to prevent stability and to provoke instability, and the ability to inflate money by states. Which is why they created central banks. Central banks should be called "ministries of fraud and betrayal". And "currency reforms" compare to the looting of a fallen city after it was defeated in battle with its walls brought down, and left its citizens as defenceless prey.

What...? Growing resistance to completely cashless society models even in - Sweden...?


https://translate.google.de/translat...tml&edit-text=

Former head of FED Paul Volcke fires a full broadside against the FED.

https://mises.org/power-market/paul-...H6Q6JkBXp2z18M


And he is not even an "Austrian".

The Italian crisis is about to blow up and righ tinto our face



https://translate.google.de/translat...tml&edit-text=


I'm getting nthe shivers when seeing the German Target-2 Saldi - almost one trillion. Money that is lost to germany if the Euro madness collapses.



That Merkel allowed over one decade that this immense sum accumulates, building an irresistable potential for blackmailing Germany: for this sin alone already Merkel should be lined up against a wall and shot. The germans should have threatened world war 3, so to speak, to prevent the ECB policies of the past ten years. Instead the yhelped Draghi into office, and now have given up ambitions to have the German head of the Bundesbank as Draghis successor.



Stupid, stupid, stupid Germans. I often feel ashamed to admit I was born as a German. Not because the Nazi past, but because of the German servility and stupidity of the present.



What happened to achieving, what happened to self-responsiblity, what happened to accountability? It all was given up and thrown over board for sentimental babbling, blackmailed "solidarity", and "social conscience". Uuuaaaaah! Pfui Deibel! This masochistic determination to be servile and weak and vulnerable makes me sick. So foul and rotten it all smells.

Well I wouldn't consider moving to the UK because after that almost treasonable act we witnessed yesterday it would appear the UK is headed in the same direction.

Pizza Hut? :hmmm:


Mmmm...pizza. :DL

More likely SPAM

Trouble is there are plenty of black holes making these things vanish.


Sky you should watch the Keiser Report.


Yea I know it's on shifty RT. :shifty:


https://www.youtube.com/watch?v=RlveZE_kr80

A moment of intellectual shortcut by me. The correct version of this sentence of course must be:

Money that is lost to Germany if the Euro madness collapses or not. In either case, it will never come back.

Its all about just keeping the illusion alive - and avoid getting caught in the act.

Euro socialists now want a European unemplyoment and social wellfare insurrance. Its the collectivisation of national mismanagement and debts without calling these crimes by this name. The powers trying to manage better get punished, their citizens expropriated, their future and older age plundered - for the sake of keeping alive more and more uncompetitive zombie companies, and mismanaging states that live beyond their means.

And Germans even applaud for this! :o

Hitler and Keynes are not that different, and they both get embraced in their socialist economic views by present Western "democracies" - planned economies would be the more correct term. I have prwached since years that the Third Reich was a socialist tyranny,a dnthat it is one of the greast prpaganda coups in history ever that the Sovjets managed and the left today still manages to maintain the illusion that they as "left" politicians are the oppositeand the curing antidot to the right-ness of the Nazis. Socialists and Nazis are in principle chuldren of the same spirit, one and the same thing, the Nazis only focussed on racism against Jews where socialists focus on envy and defamation of those who have more than others to make it easiert to expropriate them. Plundeirng and exproprzating they both did, just their alibis were and are different: Jews here, and generally rich people (Jewish or not) there.


https://mises.org/library/hitlers-economics


People should fight without remorse and tear down any such state. Bot they just don't do it, accept to obvey in obedient servility and once again prefer to be led once again into the next incarnation of always one and the same basic pattern of disaster once again. We have career politicians not because they are so clever - we have them because the plebs is so dumb.

Thats maybe the best diagnosis explaining both the the hybris and the doom of the West, but many other nations in the world as well: its always about "once again".

The Washington Institute of International Finance published its yearly global debt monitor. Global debt has grown by over 12% (=27 trillion US$) compared to 2016. The total now is 244 trillion US$ - which means it is more than three times as big as the global gross domestic product (318% of global GDP, to be precisely).

Nobody can seriously argue that our fincial management and economic handling fo thigns really is self-sustaining. Its all big show on the nod.

If you wonder who will get the bill smacked into his face sooner or later: if you are older, your children. If you are young, you. In the end we're all dead. Praise Keynes. Praise deep state corruption. Believe in the gosple of the inflatable paper money.

https://www.zerohedge.com/news/2019-...al-debt-levels


Bee scared indeed. You have reason to be.


Didn't I predict the FED will end QE again after much shorter time than anyone expected? I did. Its all too much off balance. We are in the clinch of the vortex, and there is no more an escape option. We let all chances pass by when there was time left for any course altertaiton to grow sufficnetly in pace so to b reak thoprugh the inner dynamics.


Its like a spaceship getting too close to a black hole. Once the distance has shrunk so much that the engines cannot compensate for the growing gravitation anymore, all things are lost. Your only chance was never to get too close in the first. But we have, and we laughed, and now we are doomed.



The writing already is on all walls, and the signs materialise more and more clearly for everyone with eyes to see.



The only thing I find to be unclear now is how China will getr through the storm ahead. By econiomic treends it is set to overtrake the US as the totally biggest economic prizucer by around the year 2030. It is unclear to me how soft or how hard it will be hit by the implosion of the dollar.



Russia probably is set up best. The bear spend the past years to dug his winter cave especially deep and plaster it with all gold he could find. They have almost no dollar bonds and reserves left, just a tiny and in itself irrelevant fraction of what they once held.



Ironically I think that especially Germany will be hit especially hard this time. When the drama unfolds and crumbles the economy, all the high maintenance costs politicians have established in the past twenty years will come to bera in fukll, and the social structure of the civil society will collapse. What Germany has build in the past fifteen years or so - is just a glorious illusion. A castle build on quick sand. The German business depends to a hilarious ammount on the low wage sector, more than in any other Western country. It is here were people will suffer first, and it is this were the riots and unrest there will be will start at.