Many people sent this story in, and for good reason. I said a few years ago when all globalist eyes were adoringly fixed on Murky Merkel to watch Italy. It's all the more interesting these days as Murky Merkel's government seems hell bent on creating ... well... hell, and Mad Madam Macron (nota bene: after much serious discussion, we on the editorial staff of the Giza Community have transferred the prestigious title of Mad Madam from the recently demoted Murky Merkel to Mm. Macron because of his/her extraordinary competence in prostituting France to the desires of the globaloneyists) is pressing ahead with the destruction of France, the most recent feather to be added to his globaloneyist plumage being the removal from the French national school curriculum the study of the Battle of Verdun, with a new concentration on the Battle of the Somme, because the latter was "an international effort" whereas Verdun was solely a "French thing." Yes, it's that ridiculous, folks; the guy/gal who once said that there is no such thing as French culture now apparently cannot deal with the fact of a French victory during that battle. (See Removal of WWI Battle of Verdun from French curriculum sparks outcry)Well, if "international participation" is the criterion for studying battles, then why not study Trafalgar, since it was a joint Franco-Spanish effort (oops, didn't win that one), or Caporetto, since it was a joint Austro-German effort. And speaking of Trafalgar, across the Channel, Prime Minister May, for whom we lack a fitting epithet, flops like a fish on a beach. I could invoke similes of mackerels on moonlit beaches that both shine and stink, but you get the idea. One cannot help but recall the story of a frantic Member of Parliament rushing into the Commons in the 19th century, as Disraeli was holding forth at the dispatch boxes, and cried "a tragedy! A tragedy! Mr. Gladstone has fallen into the Thames!" To which Disreali replied that the tragedy would consist of anyone rescuing Gladstone. One suspects that in the current climate, were Mrs. May to fall into the Thames, that the reaction might be rather Disraeli-esque. And there's no telling what Labour would say!

All of which makes watching Italy very interesting, because instead of the usual globaloney insanity, there's a government that actually intends to do something, and the something it intends to do looks increasingly like nationalizing its central bank, and therewith its gold, and in addition to that, jailing a bunch of banksters:

"It Belongs To The People, Not The Bankers" - Italy Moves To Seize Gold From Central Bank

Now, I've blogged about this story before, but this time there's something new, and it probably has them burning the midnight oil in a lot of places in Europe. Let's go back to February of this year to this article at Zero Hedge: Salvini Proposes Seizing Control Of Italy's Gold Reserves From Central Bank). Note this statement which occurs in the context of the amount of Italian gold being worth about $`102,000,000,000:

Of course, even that amount pales in comparison with Italy's total debt load of €2.35 trillion, which would suggest that if Salvini is indeed focused on tearing up the legacy constraints of his country with some financial establishment, the next step would be declaring the country's sovereign debt "odious" or null and void, followed ultimately by the Italeave, and the the return of the Italian lira.

In other words, seizing gold would be a logical step if one was planning to repudiate sovereign debt, leave the EU, and restore the lira.

And that brings me to today's high octane speculation, or perhaps, in this case, it's merely medium octane speculation. The current Italian coalition government, for all the denunciations in the globaloney media, is not naive. It knows two fundamental things: (1) banksters tend to take a dim view of countries asserting their sovereignty, and tend to "send in the troops" when they don't get their way. The problem is, the banksters might be running low on troops to send in: America won't do it; the French won't, the Dutch won't; the German's won't (because, thanks to Murky Merkel, they don't have very many to send anyway, and what troops they do have, don't have any operable weapons); in fact, very few countries in Europe would probably be willing to enforce the Encyclicals of the European Central Bank or its sprouts in Brussels. But just in case the EU and/or Swampington technocrats do decide to "get rough", the coalition government has already stolen a march on the situation by signing that Memorandum of Understanding with China just a a few days ago.

But that turn to China portends the second fundamental thing that the Italian government knows: (2) it knows it cannot sustain the massive debt without producing and trading its way out of it. As the former German finance minister said some years ago, the debt-finance model is dead and there's no way forward that is not a reform. Hence, the turn to China, to trade, and thus to production.

So where's the medium octane speculation here? It consists in this: I suspect that the turn to China was really a signal to the other players in Asia: Japan, Russia, and India. The current Italian government is looking at its own rickety banking system, and thus, in my opinion, cannot help but to have noticed that weak points of the Chinese economy. And there's one country in particular in that list which, in spite of all efforts of Western sanctions to bring down its economy, has merely taken that opportunity to become more self-reliant, and that's Russia. I recall a few years ago that when the west imposed sanctions on Russia, that the Italian agriculture minister undertook a journey to Moscow to see how and where Italy could circumvent those sanctions. And that was with an Italian government more or less compliant with the dictats of Brussels and Swampington, D.C.

So my prediction, regardless of what happens to Italy's central banks, is to watch for Italian overtures to those countries, and particularly, Russia...

... and then watch Spain...

And of course, there's always another scenario that could play out, in fact, one can imagine several. But here are two: (1) Italy uses all of this to press for fundamental restructuring of its national debt, and of the EU itself; and (2) the Italian central bank quickly moves all of its gold to London before the government can seize it; whence the Italian government seeks to repatriate it, only to be told, like Venezuela, "no, we don't like you; you can't have it;" in which case, Italy plays it for all its worth as the gold repatriation movement stampedes throughout Europe. And neither scenario will alter any potential Italian overtures to the aforementioned countries.

... and through all of this, watch Spain watching Italy...

See you on the flip side...



Joseph P. Farrell

Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and "strange stuff". His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into "alternative history and science".


  1. Thorny on April 11, 2019 at 10:04 am

    This Italy-China thing should be very interesting dimplomatically. The Chinese have now become notorious throughout Asia and Africa for their “soft” imperialism, such as seizing ports when partner nations can’t pay up.

    And on the other side you have “the Venetians.” Readers here will know well their duplicitous, two -faced (four-faced) virtuosity in achieving thier commercial objectives.

  2. Richard on April 10, 2019 at 10:32 pm

    . . . In one’s humble opinion, it seems more a matter of keeping finances (money-currencies) circulating. Bullion is good (even if a Feringi’s Latinum redistributed), but so is currency circulation and the agreements they represent very important for trade, industry, and manufactured goods as well as agricultural commodities.

    There are limits to raw land acquisitioning these days, short of invasion and infiltration of certain acreages already occupied. Engaging in those brutish tactics, of course, have calculated risks and sanctions attached. Conquer and rule, though, is not anything new in Rome. Now, just how does one keep from misplacing the treasure without the spiteful wreckage of kinetic conflict? How long will Venice be a viable establishment, anyway, before taking on more the attributes of a shallow-water reef? And then there’s Etna, Vesuvius, and earthquake zones and did one mention moving crustal plates that really care not about whose gold is whose or where it is?

    . . . Better check on those submerged volcanoes again for any pumice islands adrift upon the ocean gyres, increased smoker-vent activity along the Atlantic Rift Valley Ridge, and those under the ice down south. Those are some distractions in need of some preparations. One is not worried about Gringotts’s deep caverns and the Pacific rim already gets enough attention it seems.

    • DanaThomas on April 11, 2019 at 2:16 am

      Good points Richard!

  3. marcos toledo on April 10, 2019 at 7:04 pm

    Spain must get it’s act together or it will end up like Italy before it was reunited in the 1860s. Trust me Italy does not want to go back to being divided up again thou there are dark forces who to plunge Europe including Russia into continental tribal war.

  4. Nick on April 10, 2019 at 6:37 pm

    Lucky am Reading Babylon‘s Bankster’s
    Isn’t possible this is just Theater for masses .
    They are all aligned as one sitting around the knights Table working out the next strategic move .
    Technocrats ‘ globalists ‘Banksters are all one in the same .
    The real word for them should be Worldwide financial cartel.

  5. goshawks on April 10, 2019 at 3:01 pm

    I suspect that the banksters – the Troika – shot themselves in the foot (or maybe kneecap) with their response to Greece. When the banksters basically started looting Greece instead of taking a haircut on their loans, southern Europe (and some of central/eastern Europe) took a long, hard look at their future under the banksters.

    In particular, Italy saw that they were next on the chopping block. To use the great quote of Samuel Johnson, “Depend upon it, sir, when a man knows he is to be hanged in a fortnight, it concentrates his mind wonderfully.”

    First, one has to an@lyze an opponent’s System , to understand how they play their ‘game’. Then, knowing the opponent’s System, one has to operate outside that System. (Otherwise, one is simply in the Box, squirming around.) Next, one has to research the ‘sensitivities’ of the opponent – where responses will really hurt them. Finally, one has to either act on that knowledge or submit.

    I mentioned in earlier comments that I believe the Italian PTB are more ‘senior’ than the new-wealth Rothschild PTB. I suspect we are starting to see this ‘senior’ party moving into the action phase…

    • Robert Barricklow on April 10, 2019 at 3:30 pm

      Samuel Johnson is my favorite,
      [Being in a ship is bein in a jail,
      w/the chance of being drowned.

      The Black nobility know the game;
      but are they united in purpose?

  6. Laurent on April 10, 2019 at 1:13 pm

    If I wanted to create a European army, I would need a particular crisis or create a perceived validation in the population for this action. Immigration has not created this validation yet as it has only created the nationalist backlash. Economically different states like Italy, Greece, Spain, etc expressing their independence economically and nationally speaks volumes when comparing them to the southern American states before its own Civil War. Great Britain also trying its damndest to straddle the fence, not in, not out is interesting in this context. Does it intend to be Switzerland in a coming conflict?
    I can see a clear line forming of southern states VS northern states forming with France being cut along the langue d’oc line as it was during ww2 directly connecting the European northern and souther
    regions and as it happens, the EU has readily available recently “emancipated” young men to drawn into a soon to be created European army. If we look at the Civil war conflict as a primer for Europe, we know that it took less than a hundred years for this conflict to start. Europe may in many ways be accelerating this time table but the comparison to me seems more and more plausible in order to create an artificial European identity and nation.

    • Robert Barricklow on April 10, 2019 at 3:23 pm

      Interesting point of view that has historical resonance.

  7. DanaThomas on April 10, 2019 at 12:15 pm

    As in a previous ZH article on the same topic of Italian gold reserves, it should be pointed out that the language of the headline is tendentious: Italy is not “seizing” anything, but trying to secure it from the type of potential European Central Bank “seizures” mooted by Draghi (on behalf of the Bundesbank?). The gold is “deposited” in the Bank of Italy and general consensus has been that it is owned by the country itself, which (in European political thought) is “incarnated” in the State. A bill is currently under discussion to specifically affirm such ownership in law.
    Another aspect is the fact that over 40% of the reserves are deposited abroad. And guess where: in the NY Fed and the Bank of England (plus a small quota in the evergreen Bank for International Settlements). This is why the ownership issue is agitating the Italian branch of the international banksters.

  8. Robert Barricklow on April 10, 2019 at 11:46 am

    Is Italy declaring its Independence?
    Surround the bank before the physical gold takes flight.
    No doubt the bank’s capital is going out by the speed of light, if Italy begins to break loose her of debt restraints.
    Love to see Italy set precedent; so other PIGS can follow her all the way home/sovereignty.

    • Robert Barricklow on April 10, 2019 at 11:48 am

      New Italian government declares EU onerous debt jubilee?

  9. anakephalaiosis on April 10, 2019 at 5:47 am

    Luke Skywalker having tea with the emperor, exploring the depths of hell, while mapping the pit. Black horseman of apocalypse.


    When third seal broke strong will,
    it released wild hatred to kill,
    providing clemency
    in dark ecstasy,
    because unrestraint is thrill.

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