Babylon's Bankers

BANK BAILOUT IN ITALY, AND A PROBLEM LOOMING IN BETWEEN THE ...

Mr J.K. sent this article about the bailout of Banco Monte dei Paschi di Sienna in Italy and some other banks, to the tune of a mere twenty-five and a half billion dollars, mere pocket change. But there's something else looming in this article and it provokes some high octane speculation of the day. Here's the article:

Italy swoops in to save another bank leaving taxpayers on the hook for over $25 billion

In my opinion, the central story here is not the bailout of troubled Venetian banks (some stories never change, do they?) but Italy's, and Europe's, and one of the world's oldest, banks in continual operation since the Renaissance, the Banco Monte dei Paschi di Sienna, and one statement in particular caught my interest, and I suspect behind its careful "un-detailed" words lies a huge story which one might summarize with the word "cover-up":

Finance Minister Pier Carlo Padoan announced late Tuesday that the government had received approval from the European Commission to pump 5.4 billion euros into Banca Monte dei Paschi di Siena (BMPS) in exchange for the lender undertaking a major restructuring overhaul. (Emphasis added)

And, one paragraph away, there's this:

Toxic assets are at the heart of the bank's demise and its plan includes the intention to sell down 28.6 billion euros of gross non-performing loans (NPLs), of which 26.1 billion euros will be securitized (converted into marketable securities).

Toxic assets, non-performing loans, in a major western bank!?!?

So it isn't so!

Then, later, we read this:

Indeed, there could also be an opportunity for brave investors, suggests Surry, if Italy follows the path trodden by Spain which has seen its banking sector shrink from around 70 lenders to closer to a dozen since the financial crisis.

"Potentially BMPS is a consolidation play because ultimately the bank will be clean and definitely there is consolidation to take place in Italy from the 400-plus institutions down to probably 150," he offered.

So we have:

1) The bailout of Banco dei Paschi di Sienna;

2) Which received approval for a bailout in exchange for "restructuring" from the European Commission, which is now, apparently, in charge of what banks the Italian government gets to bail out, and the conditions under which it can do so;

3) Which restructuring presages a consolidation of lenders throughout the Italian banking system, resulting in fewer "lenders/banks".

I don't know about you, but gee, this pattern looks a little familiar.

There's a great big huge elephant in the room, however, that the article is not talking about. In fact, one might say there's not only an elephant, but a rhinoceros in the room. The elephant? Deutsche Bank and its relation to the Banco dei Paschi di Sienna, as covered in previous blogs on this site. And the rhinoceros? Italian prosecutions of the elephant.  Noteworthy here is the entire absence of any mention of either one throughout the entire article, and that raises my suspicion meter into the red zone, and with it, some unusual and very high octane speculations.

What disturbs me here is that any action by the European Commission in this matter should be viewed as a conflict of interest, since the EU is largely a Franco-German union, with everyone else along for the ride as Frau Merkel gets to play Charlemagne (or perhaps, Karlamagne, or Karlin or Kaiserin, or something), a role she clearly appears to be enjoying. But why would the European Commission have reason to step in? I suspect, strongly, that the real bank being protected here, and being bailed out, is Deutsche Bank and its own high exposure to "toxic assets", some of them via its entanglement with the Banco dei Paschi, and that the "restructing" of the Banco dei Paschi di Sienna might, in reality, be an attempt to disguise things and prevent them from emerging into public light as Italy is openly debating leaving the European Union (Charlemagne, Inc., or perhaps better put, Charlemagne A.G.). If so, then a disturbing pattern is emerging here: using national banking crises, the European Commission is establishing the conditions to "restructure" national banking systems according to its own whims, and to make them subject to the European Central Bank in Frankfurt. In the process, more will be swept under the rug.

And that means the can is simply being kicked down the road, for they have no genuine solutions.

Let's hope the Italians look at this whole thing much more closely.

See you on the flip side...

 

19 thoughts on “ BANK BAILOUT IN ITALY, AND A PROBLEM LOOMING IN BETWEEN THE ...”

  1. On the EU AS the banksters, Miles Mathis says:

    “Nine Eyes [cited in the James Bond movie ‘Spectre’] obviously refers to the G8 countries, which are really G9 (with Russia supposedly suspended). They are: Canada, Italy, Japan, Germany, France, Russia, US, UK, and EU. That’s nine, just like Nine Eyes. … Also curious is the inclusion of the EU. Since the European countries France, Germany, Italy, and UK are already listed, what is the EU? It is the bankers. They have a listing all their own, to indicate their importance. To be honest, they could rename the G9 the IB – International Bankers – getting rid of the countries altogether, but that would be a little too in-your-face.”
    mileswmathis dot com/bond.pdf (p.6)

  2. The Anaconda Banking cartel lampoon pictured in many first gilded age old newspaper political cartoons, squeezing the economic livelihood out of planet Earth, is live – back in action. This time the mainstream press is part of the Anaconda cartel’s DNA as are their respective governments.

    1. Generally the richer & more in sync one is with the corporate robot factions being monetized by the anaconda cartel, the more money one can borrow at virtually zero percent. All based on the premise that Earth is a dead rock to be exploited[read the living Earth, and that includes human beings, the only challenge to robotic rule].

      1. “Stargate SG-1: Meridian” [S5E21] (2002):
        Oma Desala: “The Universe is vast and we are so small. There is really only one thing we can ever truly control.”
        Daniel Jackson: “What’s that?”
        Oma Desala: “Whether we are good or evil.”

      2. Long version:
        “The success or failure of your deeds does not add up to the sum of your life. Your spirit cannot be weighed. Judge yourself by the intentions of your actions, and by the strength with which you faced the challenges that have stood in your way. The Universe is vast and we are so small. There is really only one thing we can ever truly control… whether we are good or evil.”
        ~Oma Desala

  3. As regards the bigger picture around the bankster bailouts, Miles Mathis gives a refreshingly-honest appraisal:

    “And the acceleration into our current mess was started after WW2. It wasn’t an accident. It was planned, it was heavily funded, and from the point of view of the governors it has been a smashing success. The stinking rich have become
    progressively stinkier, and the powerful have become progressively more powerful, all without completely killing the host.

    That’s right. Although you may think things are bad, they don’t see it that way. They think you should be amazed you aren’t an actual slave, making two cents a day, eating bugs and feeling the daily lash. They are proud they have achieved billionaire and trillionaire status for so many without having millions starving in the streets. They honestly see themselves as beneficent and progressive. I’m not kidding. They see themselves like the Pharaohs, but far more lenient. They could have you hauling rocks all day and eating sand, but you are lucky. That’s the way they see it. You are just lucky credit card debt pays better for them than rock hauling.

    If you don’t believe me, go read one of the Forbes articles on the richest people in the world, which they now print about every three days. Not only will you see that more billionaires are being created every week, you will see the writers at Forbes implicitly selling you this fact as an amazing product of a well functioning world economy. Yes, we see wealth piling up at the top at an accelerating rate, during a time of general economic contraction, but rather than admit this is a sign of lawlessness and criminal looting of the public treasuries, these magazines like Forbes sell it to you as a great success of Capitalism. Which it is, in a way: this is exactly what Capitalism and the New World Order was created to do.”
    mileswmathis dot com/elvis.pdf (p.11)

  4. What will they do when they own it all greed in all it’s forms is a addicting. When will the NAZI International make it’s public coming out official for all the World to see. All there is to look forward to one BANK OVER ALL THE WORLD the R AND R WET DREAM.

  5. All this reminds me of the classic cartoon of big fish eating medium fish eating small fish. I like how the “consolidation” (aka, collapse) is made to sound healthy, as if a quadruple amputation was promoted for its virtue of weight loss.

    The same Germany which left one of its major cities a smoking ruin just from hosting the G20 for three days is supposedly running the EU, but Germany is in the thrall to the Globolshevik cabal, and Italy is a province minimally twice, and I’d posit four steps removed from the real orbit of power. What on earth makes them want to stay? (It’s a rhetorical question, they’re also in the thrall to the same cabal.) Just how long can the ZioBolshi overlords keep this game going, as in governments working so diligently against the interests of the people?

    Let’s see if this makes it past the Giza Bot…

    1. Yeah, I remember that, when OPEC was formed, it was never mentioned as a cartel. Only that it would ‘efficiently’ set oil quotas, prices, etc. That worked out well for the general public, didn’t it?

      1. OPEC was formed to strengthen the dollar as the FED usurped the golden breach and needed a substitute they could control; while, at the same time develop and wage economic warfare with unprecedented weapons of mass destruction. OPEC was planned by Kissinger and others way ahead of the initial gas lines.

    2. Loved your last line Basta.

      This has been a true wonder of mine for many years. The “West” governments look to be aligning against the interests of very people they supposedly represent.

      1. “In every possible way we must develop the significance of our Super Government by representing it as the Protector and Benefactor of all those who voluntarily submit to us.” “We want industry to drain off from the land both labor and capital and by means of speculation transfer into our hands all of the money of the world, and thereby throw all the goyim into the ranks of the proletariat. Then the goyim will bow down before us, if for no other reason but to get the right to exist.”
        Least we forget, we have a corporation, wholly owned by the central bankers, masquerading as a “government” with its state, county, and city subsidiaries. A review of the congressional record and restructuring of the bankruptcy confirms we are already bond servants to the central bankers via Admiralty Law.
        “We the People” have already been declared the enemy and infrastructure has been and is currently being created to handle that when the time comes. Meanwhile, the sheeple continue to ignorantly graze and any mention of any of this will have your friends and neighbors considering having you committed for your own safety and theirs. Approximately 10% of the population is somewhat aware of the situation; they already know who they are; and they will be the first to be “reeducated” or eliminated. This will be repeated world wide.

  6. I havent read the Banker series that Dr F has written yet.. Looks like I know what I’m doing this week..
    The name of this bank has come up very often on this website.

    2013 (I think) This shows Banca Italia reigning in on Babidada Paschi Banco thing-a-mee…this appears to have happened in January – then later on in 2013.. the arrests..
    https://www.bancaditalia.it/media/approfondimenti/2013/interventi-gruppo-mps/index.html?com.dotmarketing.htmlpage.language=1

    2016 – Remember all those banker deaths / suicides..
    http://www.news.com.au/finance/business/banking/questions-over-spate-of-suicides-among-deutsche-bank-executives/news-story/f03c963669d7e01e8d9cca2f64240567

    1. 2016 – Michele Faissola, who oversaw global rates at the time, and Ivor Dunbar, former co-head of global capital markets, were among those indicted in a Milan court.
      Both were top deputies to former Deutsche Bank co-chief executive officer Anshu Jain, and both have left the company.
      http://www.gulf-times.com/story/515903/Deutsche-Bank-charged-over-Paschi-accounts-as-lega

      2016 – On Saturday, Judge Cristofano sent to trial five former Monte dei Paschi managers, including ex-chairman Giuseppe Mussari and ex-general manager Antonio Vigni
      http://www.marketwatch.com/story/mps-deutsche-bank-nomura-execs-charged-in-italy-2016-10-03

  7. Well, we have the elephant and the rino in the room, but no mention of the extraneous planet in the room in the form of the Jewish owned central banks. Pretty soon, as they rest of the banks dwindle down to only these, guess who will then pretty much own the earth through their Babylonian money magic. Might this not have been the plan all along? Least we forget, it is quickly becoming illegal to criticize those who rule over us in most of the West now.

    1. Dang! You beat me to it. I was going to mention it as the Brontosaurus in the room.
      “Noteworthy here is the entire absence of any mention of either one throughout the entire [Joseph] article, and that raises my suspicion meter into the red zone…”

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