NEWS AND VIEWS FROM THE NEFARIUM JUNE 6 2019
June 6, 2019 / /
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Joseph said to "watch Italy," and the latest currency moves in that country, plus Russia and China, provide some data for some high octane speculation:
Russia, China Prepare To Dump Dollar, Agree To Bilateral Trade In National Currencies
Brace for Impact: Italy Poised to Launch Euro Parallel Currency
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Unlike the UK, (still) an EU member but with its own currency, Italy uses, as you say, what is a thinly disguised Deutschmark. Thus the project of “mini Treasuries” to be introduced soon as an instrumentfor the State to pay its arrears to its suppliers as well as tax arrears, on the domestic level only (therefore not prohibited under the Holy Writ of “EU rules”). Apparently this will be in both electronic and paper form, and in practice will put the equivalent tens of billions of euros into circulation within in the country and boost the economy without creating extra debt.
In the light of your speculation, the second step might not be to restore the lira (though I don’t doubt there are discrete contingency plans for this, as suggested in the article that complains that even preparations to leave the euro would weaken that currency); but rather to develop an international trade instrument. Since China is involved, this calls to mind the gold-backed trade certificate the existence of which has been mooted by Jim Willie and others.
Of course China has been buying massive amounts of gold, and the same people spearheading Italy’s own financial reforms – League MPs Claudio Borghi and Alberto Bagnai – have issued numerous statements on the Italian gold reserves.
International golden steps to trade in Eurasia?
Italy doesn’t want to be Goose-Stepped-on; and has already Greeced parallel currency steps to avoid it. It holds a couple of ace Chinese trading ports to cover any raising of the ante.
Wonder where the BIS stands in all this?
Or, what the Zionist hand is holding as well?
Or, is one the right hand;
and the other, the left hand?
thank you for the word on mr gore. a life well lived, may the devil find out he’s in heaven for a week when he finds out.
these trade issues make other ideas I picked up today make more sense. heard a rabbi from Brooklyn today quoting rabbi schneerson as they make their stand against big pharma’s ownership of deblasio. odd to see such an influential religious group so singled out and targeted by vaccine fascism. more odd considering how many other demographics remain untouched that would have been much easier targets.
at the same time, Italy’s going hard to vaccinate more in the whole country that has been fiercely vaccine damaged. those folk are already going yellow vest about it. this just heaps more on.
on top of that, I just sifted through one of my new favorite yt subs, brendon o’connell. I was not aware that intel’s largest chip fab (the one with all those back doors?) is and has been in voldemortistan forever. and is set to grow much bigger fast. while all the big American tech companies are jumping ship like rats swimming fast to voldemortistan (the small country who must not be named). I have been hearing from a number of youtubers who can and probably will be labelled race supremicists (in their northern European race) about bi bi’s rants about tech supremacy. it does sound more and more that he’s got kill switches throughout everyone’s systems.
O’Connell’s most pertinent point I gleaned was how the rump’s wars with all politicians and media provide great distraction and cover while he wars with china and drives all tech contracts toward voldemortistan. and enables china, Russia and voldemortistan to accelerate the belt and road.
this all does sound more and more past tense, doesn’t it?
in terms of Medvedev neutered, i’m more and more wondering how many times we’re seeing the professional wrestling version of fighting in all politics and media. it’s all about keeping us involved and overwhelmed. meanwhile the agenda grinds along and sometimes leaps with whatever disasters can be capitalized on. whatever means the globalists (and faux antiglobalists) have to move the agenda along and disaster capitalize the 99.99%: currencies ruined and rollercoastered; crops destroyed; chronic manmade diseases deployed through toxins in food, environment, vaccines; jobs offshored and robotisized; social support nets slashed; weaponized immigration; and on.
it does seem class warfare and warren buffett’s class is kinda nasty.
Regarding the first article, I am suspicious that Russian Prime Minister Dmitry Medvedev is seemingly spearheading this effort. The Saker is always talking about the struggle in Russia between the “Eurasian Sovereignists” (the people behind Putin) and the “Atlantic Integrationists” (the oligarchs fronting for the Western financial system). The Saker considers Medvedev to be the prime Atlantic Integrationist. So, unless Putin has somehow ‘neutered’ Medvedev, this is kind of like letting your worst enemy establish your basic systems…
On the second article, I had a thought-comparison come-up around Germany being in effectively the same financial position for Europe (the EU) as the US is for the world. Consider the Deutschmar … er, the Euro… as being the Reserve Currency for that region, through the extensions of European currency ‘peggings’ which Joseph mentioned. For the US, having the Dollar as the world’s Reserve Currency enables quite a bit of clout. On the flip side, losing that Reserve Currency status would probably crash the US economy. Could Germany ‘crash’ as a result of Italy establishing a separate financial system, as the US might through Russia & China doing the same? Or, is this a bad analogy?
The immediate strain that would be put on Germany comes in the form of Italy’s Target2 balances at the ECB, nudging USD0.6 Trillion:
http://sdw.ecb.europa.eu/quickview.do;jsessionid=D2451E0C41E251A02BF547FAB98E8B1C?SERIES_KEY=347.TGB.M.IT.N.A094T.U2.EUR.E
Is Medvedev is a stone-cold neoliberal,
as he is reputed to be?
The sooner they tear down Martin Bormann’ castle the better. I’m sure Italy and a lot of other EU countries are weighing up the benefits of the EU Vs the PAIN.