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This little article contains a revelation: the German Central Bank did not do the “divorce” from the Treasury. When issuing debt securities, Germany does it at a pre-established interest; with “the markets” they want more interest, the Treasury gives the unsold goods to its central bank. E’ what Italy could also do until 1981: the Treasury issued BOTs; if i...
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Of Roberto Pecchioli
Source: Heretically
Stop Italy, I want to go down. One of the problems, getting older, it is no longer being able to understand what we see. The codes to decipher the new reality slip out of our hands, one feels like a stranger, inadequate and we end up withdrawing into ourselves. If "they" see it, we remain spectators of events that happen despite us and of which we are unable to identify the meaning or direction. How to watch a Bengali film in the original language. This is why so many of us want to come down.
Little Italy has become Italiaccia. For a couple of days we had three governments. The one in charge "for the handling of current affairs", as the bombastic and subtly humorous formula of the official protocol states, that of “the president” by Carlo Cottarelli, official of the International Monetary Fund, as well as the one unwelcome to all oligarchies, led by Professor Conte with the participation of the sinister Bolshevik, fascist and anti-European Paolo Savona. The Jesuit training of the head of state made it possible to resurrect a theological category that had fallen into oblivion, that of sins committed with thoughts, parole, works and omissions. The trial of the intentions of the diabolical octogenarian Savona, ready to exit the euro 48 net hours (?!) however, it allowed Italians to see more clearly.
The good Mattarella presented himself to the people to claim the stop in Savona in the name of the Markets, revealing – holy naivety – who is the guarantor and president. The European Commissioner with a German passport, HerrOettinger, he too was struck by an attack of sincerity, he growled that the Markets will take care of it (always with a capital letter!) to teach the Italians, small, neri, dirty and stinking to vote properly. Even Juncker, perhaps betrayed by the Belgian beer, he revealed opening words how annoyed the inhabitants of the country are, slackers, maintained, corrupt (very true, but in crowded company) and many other things. Read More