Of Robert Dejan
A Great Nando Ioppolo “What is it spread... I think that if people knew, war would break out in the streets from today to tomorrow “ SPREAD, THE DEATH TRAP In a recent interview Professor Nando Ioppolo (lawyer and economist, recently passed away), claims that SPREAD is something if people knew what it was, violence would most likely break out in the streets because a shameful media campaign based on lies was launched on SPREAD.

Ioppolo explains that the game starts from the ECB ( European Central Bank) which lends to private banks 0,75% all the euros they ask for for whatever reason they ask for them. Then the bank (UNICREDIT in the Professor's example), with this 0,75 he buys us the BTPs which technically should be allo 0,76. Why then al 5 %? Because this way the Bank can speculate on it.
So the general bleeding of Italian citizens is done to enrich private individuals. The functioning of this index (SPREAD) it's quite complex. If a BTP has a functioning of 2 % and has a nominal value of 100, must be sold to 98. How to get it to 5 % ? It's very simple.
If Italy fails ? Today we see national TV talking about rating agencies like Standard & Poor's talking about downgrading, financial performance of a country. Ora, if these agencies say that Italy is failing, the investor or the bank will want to insure against the bankruptcy of the state and will therefore buy an insurance certificate on the BTPs asking for a discount that allows them to purchase the insurance certificate, il CDS ( Credit Default Swap). It's called Spread 300 (3 %), the BTP of nominal value 100 which should be sold to 98 is sold to 95. But a problem arises: Why banks and investors don't buy CDS?
They don't believe in Italy's failure ? But then all this is a lie to scare? To this last question, Nando Ioppolo replies that the SPREAD was used, as well as a tool for speculation, also for political purposes, that is, to be able to oust someone who resists and put in their place someone who doesn't resist. And we had an example of this with our President of the Republic, Giorgio Napolitano who made the SPREAD a bogeyman, something essential, perhaps out of naivety, perhaps because he doesn't know economics. CDSs need to be discussed separately. It is true that no BTP buyer buys CDS to insure against Italy's bankruptcy, but it is also true that many speculators and many BTP investors buy CDS without using BTPs, because they are not an insurance hedging derivative but a speculation tool used precisely to make the SPREAD be used to to be able to earn money and force the Italian people to make sacrifices, to tighten their belts to be able to speculate on CDS. This leads to disaster crazy both politically and economically, the unemployed continue to increase but the banks and speculators would continue to speculate on BTPs and CDS and ensure that the SPREAD rises in order to increase their earnings .
According to Istat data from 2009 ( before the SPREAD), we had a public expenditure of 500 billion, of Financial Charges ( money that the State gives to banks for services ) Of 130 billion and 80 billions of interest on BTPs. On the GDP of 1820 billions banking services and interests must be removed and in this case they are 210 billions that the State has given to the banks for who knows what reason. It makes sense ? It makes sense that Italian citizens are bleeding out, pay more taxes, they tighten their belts only to enrich the banks?
And because no one has ever talked about how the SPREAD can be contained or stemmed? According to Professor Ioppolo, they would be enough to contain the SPREAD 2 things: 1 carry out the Japanese-style placement or force banks in the state to act at a reduced rate. 2 Force the ECB to lend us to 0,75% and have the BTPs purchased 0,76%. There would be a saving of 70 billion a year. Unfortunately, people don't know these things or pretend not to know or it's the fault of the ongoing disinformation campaign, who is an accomplice, of complicit newspapers and televisions that do not tell the truth.
People like Nando Ioppolo have spent their lives trying to make people understand the fraudulent system of speculators and killer banks that continue their policy of bleeding and Austerity that will never lead anywhere, only to death and destruction, and we ask ourselves, how many lives still have to be broken so that someone can truly think about the good of Italy.
Source: https://www.maurizioblondet.it/se-la-gente-sapesse-che-cose-lo-spread-scoppierebbe-la-violenza-nelle-strade/