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too big to fail, but on the brink eh?
everyone powerful involved in Italian Politics today was a member of a Masonic Lodge that was outlawed in 1978 and has been implicated in massive banking, corruption and organised crime scandals continuing to this day
there is evidence that a 'foreign backer' set up this Lodge as a proxy Government to lever out Socialism from Rome via HIGHLY undemocratic means
and it was shut down in 81 not 78
basical it was an organ with which to attempt to destroy Socialism within Italy and South America
God bless 'em.
When Italy saw they were losing the war with the Germans, politely snuck out the back and when everyone was focused on Germany and the such, the Italians went and stole Ethiopia. True story.
I don't think anyone pays that much attention to the Italians anyway.
Because you're half Italian?
and easily overlooked.
P2 was sometimes referred to as a "state within a state" or a "shadow government". The lodge had among its members prominent journalists, members of parliament, industrialists, and military leaders—including Silvio Berlusconi, who later became Prime Minister of Italy; the Savoy heir to the Italian throne Victor Emmanuel; and the heads of all three Italian intelligence services.
When searching Licio Gelli's villa, the police found a document called the "Plan for Democratic Rebirth", which called for a consolidation of the media, suppression of trade unions, and the rewriting of the Italian Constitution.
José López Rega (Argentina), Argentinian minister of Social Welfare in Perón's government, founder of the Argentine Anticommunist Alliance ("Triple A") is/was allegedly a member of Propaganda Due
also he was literally evil and probably busy doing ritual witchcraft etc and wouldntve had time for such things
I dunno. I mean Berlusconi is a hate figure for many, many obvious reasons. But countries like Portugal and Span are pretty fooked as well aren't they?
Dunno much about the leaders of those countries - know much more about Berlusconi because of his ridiculous indiscretions.
I'm no expert on any of this to be honest.
Berlusconi makes Jeffery Archer look like Cato the Younger. Give it ten years and Berlusconism will be in the dictionary meaning terrifying and upsetting anti demosratic corrupt policies.
...and this of course. http://www.youtube.com/watch?v=4XSBr7nPlWE
You do realise what will happen if the Italian economy fails?
It *might* juuuuuust *might* effect your everyday life.
Oh no! I've been troLOLed!
the problems with their economy have no implications outside of their borders. Silly me.
Maybe I'll be lucky and my job won't be effected. Likelihood that it'll just be plain sailing and business as usual, with no ramifications whatsoever are unlikely I reckon.
That means stress and worry at work - I work for a small company and am well aware of everything that happens, including financial impacts and pressures.
Moreover, it will more than likely effect people I know and care about - I hardly think ALL of them will remain unaffected.
I'm sure stuff like that doesn't worry you* though.
i.e. we provide a service, but hardly one that is critical to companies. First thing that goes when company's struggle with cash flow is things like marketing (and staff).
When times are tough I can't see companies going "RIGHT! Time for a new website!".
As said below, economic problems leads banks not lending etc.
I really am not going to educate you about all this if you don't understand though. Sorry.
Oh I have no fucking idea on the time frame.
Obviously there's the risk of double dip recession due to further banking crisis brough on by Italy's bad debt.
Honestly, I don't profess to be an expert on all this - Creaky seems to know his stuff though.
Your attitude of ''Berlusconi! LEGEND! Won't effect me, so I'm in it for the LOLs'' makes you look like a total bellend.
which means that other institutions, that currently have Italy's debt to them, will have to change these debts to them and remove them 'as credits' from their balance sheet.
Typical internet tough guy.
has to start being written off, thus putting these other institutions books out.
Since italys debts are over a trillion and since the institutions do not have enough slack to cope with this amount of removal of credit from their books.
Thus the pressure of bad debit to credit ratio gets passed on to the next links in the chain, then they go bust (remembering that Italy is the heaviest burden (greece, Italy spain? portugal?) in the bankrupt strain on the chain......so other links will then give.....some of these links will be banks in other countries......as has been observed french banks are much exposed to greekl debt.....british or international ones that work in uk are more exposed to italy than greece....however....the french banks (for instance can go bust a a result, and when they go bust then anything that was on british books as being a credit (french bank debt to uk co) will then also have to be wiped off.....the more things go bust the bigger the write off and the closer to home it will get.
But perhaps you don't understand these sorts of things? Don't worry, you are in good company.....most political parties and news presenters seem to be oblivious to this as well
i think you might need to take another wee break from this place to gather your thoughts
Come on bryangiggs, get me too
Someone's finally started a football thread.
lack of faith in other euro countries would increase.
further hikes up borrowing costs
banks stop lending
Corrupt political system falls apart to be replaced with...er...
Hey don't worry! There's just no such thing as corruption any more guys!
everythings still fine.
so we get more "Thinking of becoming a teacher", "Recommend bedsit dwelling working class hero books" and "Thinking of becoming a lorry driver" threads.