Bank Bailout In Italy & A Problem Looming Between The…

Banksters
Source: GizaDeathStar.com
Dr. Joseph P. Farrell Ph.D.
July 10, 2017

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…

Read More At: GizaDeathStar.com
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About Dr. 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”.

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The Abnormalization of Dissent

Source: TheCorbettReport
James Corbett
December 13, 2016

SHOW NOTES: https://www.corbettreport.com/?p=20792

The spin, lies, manipulation and deceptions are coming so fast and thick it’s increasingly difficult to document them all, let alone analyze them. But in the broad sweep of recent events we can see a common theme emerging: the abnormalization of dissent. And when political ideology boils down to nothing more than “real” and “fake” the control of political discourse through language itself is almost complete. Can outright censorship be far behind?

The Upcoming Italian Constitutional Referendum

Source: GizaDeathStar.com
Dr. Joseph P. Farrell
December 1, 2016

As I’ve been urging for a few months, there’s two countries in Europe to watch right now: France, and Italy. I’ve already addressed some of my reasons for saying to watch the former country in blogs earlier this week, so now it;s time to turn to Italy, and this this article from Zero Hedge shared by Mr. V.T.:

Beppe Grillo: “The Amateurs Are Conquering The World Because The ‘Experts’ Destroyed It”

If you’ve been following the career of Italian opposition leader, Signor Beppe Grillo, it may seem at first glance that he is reflecting similar pro-sovereignty, pro-national culture sentiments that have been seen at work in the BREXIT referendum, the recent American political election/referendum, or the similar movements in France, the Netherlands, Germany, Austria, or Hungary. But Grillo is thinking along much broader, and deeper lines, and it’s worth taking a look at what he sees at stake not only in and for Italy, but for the world. Consider these statements:

Perhaps the most notable point brouth up by Grillo is his answer whether he would govern Italy if given the opportunity, after the failure of Renzi. This is what he said:

We want to govern, but we don’t want to simply change the power by replacing it with our own. We want a change within civilisation, a change of world vision. We’re talking about dematerialised industry, an end to working for money, the start of working for other payment, a universal citizens revenue. If our society is founded on work, what will happen if work disappears? What will we do with millions of people in flux? We have to organise and manage all that.

From our side, we want to give the tools to the citizens. We have an operating system called Rousseau, to which every Italian citizen can subscribe for free. There they can vote in regional and local elections and check what their local MPs are proposing. Absolutely any citizen can even suggest laws in their own name. This is something never before directly seen in democracy and neither Tsipras nor Podemos have done it.

If that is Grillo’s checklist of conditions he needs to take charge, he may find more appropriate career choices elsewhere, unless of course he merely wants to be constantly “in the running”, without actually ever winning.

Whatever the reason, we agree with the next point he makes, namely the overthrow of “experts” by amateurs.

euronews: “Do you think appealing to people’s emotions is enough to get elected? Is that a political project?”

Beppe Grillo: “This information never ceases to make the rounds: you don’t have a political project, you’re not capable, you’re imbeciles, amateurs… And yet, the amateurs are the ones conquering the world and I’m rejoicing in it because the professionals are the ones who have reduced the world to this state. Hillary Clinton, Obama and all the rest have destroyed democracy and their international policies. If that’s the case, it signifies that the experts, economists and intellectuals have completely misunderstood everything, especially if the situation is the way it is. If the EU is what we have today, it means the European dream has evaporated. Brexit and Trump are signs of a huge change. If we manage to understand that, we’ll also get to face it.”
(Bold emphasis in the original, italicized emphasis added)

What grabbed my attention here is something I’ve advocated from time to time, and which we saw reflected to a certain degree in the recent Trump campaign and its heavy reliance on social media to reach out directly to supporters, in conjunction with massive campaign rally personal appearances, namely, the use of the internet to bring back a measure of direct and immediate individual participation and monitoring of representative institutions, legislatures, and representatives themselves. Grillo is in effect advocating even that citizens can even propose laws. Notably, he is not proposing the abolition of representative legislatures, but rather a process working in tandem with them.

There’s something else that Grillo said, however, and this really grabbed my attention, and I hope it does yours as well, for Grillo gets that we need to start thinking, and start thinking now and in a deep way, about the nature of the relationship between finance, our current financial “work-for-pay” system, and politics, for as we all know, technology is now progressing to the point that the normal “create jobs” solution to economic woes simply has to start thinking outside the box. Here’s what Grillo said:

Beppe Grillo
“We want to govern, but we don’t want to simply change the power by replacing it with our own. We want a change within civilisation, a change of world vision.

We’re talking about dematerialised industry, an end to working for money, the start of working for other payment, a universal citizens revenue. If our society is founded on work, what will happen if work disappears? What will we do with millions of people in flux? We have to organise and manage all that.” (Italicized, and italicized-boldface emphases added)

One might be tempted to view his remarks are being all too capable of being perverted into the typical “centralized and organized management” sorts of socialist solutions, and in Italian politics, there’s always that very real danger. What catches the eye, however, is the phrase “the start of working for other payment,” which implies a redefinition both of payment and media of exchange, as well as the nature of work itself; if autos are being made, assembled, and perhaps even transported by driverless trucks and lorries that are effedtively nothing but transportation robots, then what happens to human…

Continue Reading At: GizaDeathStar.com
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Profile photo of Joseph P. Farrell

About 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”.

Another Meteor Over Russia & A US Satellite Breaks Up In Orbit…

Source: GizaDeathStar.com
Dr. Joseph P. Farrell
November 2, 2016

While all this hacking and cyber warfare and geopolitical “tectonic shifts” have been going on “down here” on terra firma, there has been some off stuff going on “up there”, not the least of which has been another meteor over Russia, and an obsolescent US satellite breaking up in orbit. These stories were shared by so many here I cannot mention them all, but I want to talk about these two stories in conjunction with each other in our daily dose of high octane speculation:

Another U.S. Air Force Weather Satellite Just Broke Up in Orbit

Now, before we turn to this story and to the Russian space news this week, recall the strange context of space news over the past few weeks:

(1) Major General Igor Konshenkov, commander of Russian forces in Syria, stated that the anti-missile and air defense systems in that country were now fully operational, and that their range would be a “surprise” against any and all “unidentified flying objects”, a carefully chosen phrase that could mean either (a) unidentified human aircraft entering Syrian airspace, or (b) the more commonly accepted idea of “UFOs”;

(2) The Iraqi transportation minister, a fan of the works of Zechariah Sitchen, stated in a press conference that Iraq was home to “alien space ports” thousands of years ago;

(3) A Russian foreign ministry spokeswoman stated that continued US meddling in the Middle East would have “tectonic” consequences, a choice of language that, like Konshenkov’s, could be taken either in a prosaic sense of rhetorical hyperbole, or in a literal sense as implying the existence of “tectonic” weaponry, i.e., earthquake weaponry and warfare;

(4) the Wikileaks release of strange emails that included correspondence allegedly between former Apollo astronaut, the late Edgar Mitchell, and John Podesta, about “space wars,” a story closely followed by

(5) the recent “release” of a strategy study allegedly done for the Clinton campaign by the Benenson group, which included, strangely, a reference to staging a mock alien invasion in order to support the Clinton campaign. While I am strongly inclined to view the story as a hoax, it is nevertheless “out there” in cyberspace, and notably, no less strange than the very real statements of General Konshenkov, the Iraqi transportation minister, and the very real Wikileaks emails. Thus, contextually, these might argue for the authenticity of the Benenson story.

With this backdrop and context in mind, let us now look at the satellite story:

A third U.S. Air Force weather satellite that launched more than 20 years ago has broken up in orbit, Air Force Space Command disclosed Monday evening.

Air Force officials confirmed the breakup of the long-retired Defense Meteorological Satellite Program Flight 12 satellite (DMSP F-12) after the Joint Space Operations Center at Vandenberg Air Force Base, California, detected an additional object orbiting alongside the 22-year-old satellite.
(Emphasis added)

There seems to be an attempt here by the Joint Space Operations Center to connect the breakup of the old weather satellite to the presence of this “additional object orbiting alongside the 22-year old satellite,” without coming right out and saying this explicitly. If so, then there are three basic ways to interpret the statement: (1) the “additional object” was American, and thus, the breakup of the satellite was intentional, and meant to demonstrate an extraordinary American anti-satellite warfare capability, or (2) the “additional object was not American, but some other great power demonstrating its capability against an obsolscent American satellite. The problem with this view is that this would be an act of war, and would demand some form of American retaliation. The powers that be might be inclined to keep such an event secret, and retaliate “in kind” at some future date. Nonetheless, this interpretation remains problematic. Finally, there is the third possibility: (3) the “additional object” was either from some unknown terrestrial group, or from some “ET” presence. Again, this possibility means that the destruction of the satellite could be construed as an act of war, or as a demonstration of “capability.”

Which brings us to the second strange space story of the past few days: the Russian meteor:

The Truth is Out There? Glowing Meteor Crashes in Siberia, Sparks UFO Rumors

While there is much about this incident that reminds one of the Cleyabinsk meteor incident, what is intriguing here is that the event took place on October 25th, during the same period during which Russia staged the second massive aerospace attack drill:

HUGE Air Drill, Over 130 Command Centers in Russia, CIS on Alert

This caught my eye, and fueled my high octane speculation, for a very simple reason: while most of the western press – including its alternative media – have been hyping the drill as a demonstration that Russia is drilling for a nuclear war in fears of a Darthillary victory in this month’s election, I strongly suspect that the Russian drills had and entirely different sort of attack in mind: either “rod of God” attacks from space-based kinetic weapons of some terrestrial power, or an “attack” from a “rogue meteorite” that perhaps had been deliberately pulled and directed to Russia. If that sounds far-fetched, recall two things: (1) one prior to the Chelyabinsk meteor incident, then Prime Minister Dmitri Medvedev indicated Russia should establish its own asteroid defense system, which asteroids could be taken out by Russian thermonuclear weapons or “other means” which Mr. Medvedev left notably unstated, and (2) the Russian government subsequently to the Chelyabinsk incident not only began to build out that system, but more recently combined the Russian air and space forces into one service branch, the “aerospace” forces, a fact that puts General Konshenkov’s statements about “unidentified flying objects” and a “surprising” range of Russian air defense systems into an even more intriguing context.

Thus what I am suggesting is that the recent Russian drill, which occurred in the same time frame as the latest meteor incident over Siberia, was not only about drilling for nuclear war, but was also actually a drill testing its space defense system and planning, and “conveniently” enough, a meteor shows up to reinforce the point, and like the Chelyabinsk meteor, appears to have been exploded in flight. This is, of course, the highest octane of high octane speculations, but it raises other chilling prospects: (1) did the Russian space defense forces stage the meteor event as a demonstration of capability” or conversely (2) did they detect the meteor long ago, and capitalize on the event, again as a demonstration of capability?

And those tectonic shifts that Russia warned about? Recall that last Thursday I talked about Italy’s role as “point man” in the EU for Russia. With that in mind, I find it equally highly curious that Italy, always earthquake prone, has recently suffered some strong earthquakes.

Whether those quakes…

Continue Reading At:GizaDeathStar.com
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Profile photo of Joseph P. Farrell

About 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”.

Sharp limits on glyphosate coming to Italy; meanwhile EPA wants to raise ‘acceptable’ exposure levels for Americans

Glyphosate

Source: NaturalNews.com
Daniel Barker
August 31, 2016

Italy’s Ministry of Health has imposed sweeping new restrictions on the use of the cancer-causing herbicide glyphosate, a move that represents one of the “largest bans on both consumer and agricultural use of the controversial substance.”

The new restrictions cover a wide range of applications, including the use of glyphosate near schools and other public areas where “vulnerable groups” such as children and the elderly risk being affected by exposure to the carcinogenic substance.

From Sustainable Pulse:

“The list of banned areas includes parks, gardens and courtyards, the edges of roads and railways, urban areas, sports fields and recreational areas, playgrounds and green areas within the school buildings, and areas adjacent to health facilities.

“In addition, the pre-harvest use of Glyphosate – a process known as desiccation – has been banned. The desiccation of crops by spraying glyphosate is a primary source for residual pesticide contamination at the consumer level. Finally, the non-agricultural use of glyphosate is banned on soils composed 80% or more of sand–a measure designed to protect groundwater from contamination.”

A brief history of Europe’s ‘Great Glyphosate Rebellion’

Italy has now become the second EU member state – along with Malta – to announce new restrictions inspired by the “Great Glyphosate Rebellion” that swept through the continent earlier this year, as the deadline for re-approval of the use of glyphosate approached.

A series of articles published by Sustainable Pulse throughout 2016 detail the birth and evolution of the Great Glyphosate Rebellion.

The next few paragraphs are a summary of the important developments:

Initially, the EU was set to vote in 2016 on the re-approval of glyphosate use until 2031, but when it became apparent that many member states would not vote in favor of the long-term extension, the vote was postponed until the end of an 18-month temporary license extension that was granted by the European Commission.

Public pressure played a great part in convincing member state leaders to oppose the long-term extension. More than 1.5 million European and international citizens signed a petition calling for a ban on glyphosate use (the number of signatures has now surpassed 2 million), and their voices were heard. In April, the European Parliament called for a ban on all private use of the substance, as well as a ban on using glyphosate around parks and playgrounds.

The proposed ban also included the prohibition of glyphosate spraying before harvest, and called for the “immediate disclosure of all scientific evidence used by the European Food Safety Authority to back up its claim that glyphosate is unlikely to cause harm.”

The European Commission twice failed in 2016 to secure enough support from member states to vote for long-term re-approval, which led to the 18-month temporary extension.

Now that the temporary extension is in place, and EU member states are beginning to impose nationwide glyphosate bans, the widespread use of the deadly chemical may be nearing an end in Europe.

That’s great news for European citizens who successfully banded together in opposition to the use of the controversial substance.

The disturbing contrast back home in the U.S.

Meanwhile in the United States, the situation is quite different. In 2013, the EPA quietly raised acceptable limits of glyphosate with almost no warning or debate, and the public took little notice.

The agency doubled the acceptable glyphosate residue levels of oilseed crops, including soybean, sesame and flax. The FDA also raised acceptable glyphosate residue levels of sweet potatoes and corn by 15 and 25 times the previous limits, respectively.

It’s a sad fact that Americans seem to care little about the widespread use of a cancer-causing chemical, while Europeans are uniting in great numbers to clean up their environment through meaningful bans and restrictions.

Of course, this is partly due to a failed and sold-out regulatory system that does virtually nothing to encourage public input and debate. However, ultimately it is our responsibility as citizens to unite and stand up in opposition to those who are poisoning our food and environment – while raking in billions of dollars in profits.

Ignorance is no longer an acceptable excuse.

Source: NaturalNews.com

Sources:

SustainablePulse.com

SustainablePulse.com

SustainablePulse.com

SustainablePulse.com

CommDigiNews.com

…A Trillion Here, A Trillion There, And Pretty Soon…

 … A TRILLION HERE, A TRILLION THERE, AND PRETTY SOON ...
Source: GizaDeathStar.com
Dr. Joseph P. Farrell
August 14, 2016

Remember former Secretary of Defense Don Rumsfeld’s press conference the day before 9/11, when he said that an audit of the Pentagon could not account for $2,200,000,000,000? Well, that little “disclosure” of course was whisked right out of the news due to the events of the following day. But wait, there’s more. Then Florida Congressman Alan Garyson, and Georgia Congresswoman Cynthia McKinney attained some notoriety by pressing the issue, when Rumsfeld came up with more missing money. One of my favorites back then was Ms. McKinney grilling Mr. Rumsfeld and Associates on who held the data management contracts for the Pentagram… “Well, uhm…. er…., I don’t have those facts and figures with me at the present moment…”

Really? You show up to a Congressional committee without the information it’s seeking?

Well, forget about that mere 2.2 trillion dollars Mr. Rumsfeld was anxious about back in 2001. it’s now up to 6.5 trillion, according to this article that many of you shared this past week:

Pentagon’s Sloppy Bookkeeping Means $6.5 Trillion Can’t Pass an Audit

Absorb that for a moment: 6.5 trillion dollars is missing…. Think of the roads, bridges, schools, hospitals, that could be repaired with that amount of money. And what’s really galling here is the doublespeak trying to explain all this:

The Defense Finance and Accounting Service, the behemoth Indianapolis-based agency that provides finance and accounting services for the Pentagon’s civilian and military members, could not provide adequate documentation for $6.5 trillion worth of year-end adjustments to Army general fund transactions and data.

The DFAS has the sole responsibility for paying all DOD military and personnel, retirees and annuitants, along with Pentagon contractors and vendors. The agency is also in charge of electronic government initiatives, including within the Executive Office of the President, the Department of Energy and the Departing of Veterans Affairs.

There’s nothing in the new IG’s report to suggest that anyone has misplaced or absconded with large sums of money. Rather, the agency has done an incompetent job of providing written authorization for every one of their transactions – so-called “journal vouchers” that provide serial numbers, transaction dates and the amount of the expenditure.

In short, the DFAS has lagged far behind in providing the tracking information essential to performing an accurate audit of Pentagon spending and obligations, according to the IG’s report.
(Emphasis added)

Now, that’s interesting.

The money isn’t really missing, you see, it’s just that “we’re lagging behind” our ability to record and post transactions by only a few months.That’s all. Nothing to see here. Move along.

Uh-huh…

Now, we all know what banks do with our money when we deposit it. It still “takes awhile” for that money to be posted to your account, even in this digital day and age. “It hasn’t cleared yet,” is the standard excuse. So what they do is to use that money before it posts(but I thought it hadn’t cleared yet?), to make more money. Now, imagine the same process, but taking not days, but weeks or months, and you get the idea. It’s a nifty way to make more money for your black projects research and keep everything off the books.

But I cannot help, as regular readers here know, to indulge in some more high octane speculation. And in this respect, that figure of 6.5 trillion caught my eye, for it’s in the ball park of the 6 trillion dollars from the second bearer bonds scandal of 2009 that occurred in Italy. Remember that one? The Italian financial police recovered…

Continue Reading At: GiaDeathStar.com
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Profile photo of 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”.

NEWS AND VIEWS FROM THE NEFARIUM JULY 7 2016 – Brexit, Italy, Ruling Elite & More

Source: GizaDeathStar.com
Dr. Joseph P. Farrell
July 8, 2016

In the past Joseph has said: “Watch Italy…”  Well, in the wake of the BREXIT vote there has been movement in Italy, and it has huge long term repercussions:

https://www.rt.com/news/349601-itlay-russia-sanctions-crimea/

Italian senate refuses to back automatic renewal of anti-Russian sanctions

Italy Demands EU reform, warns of full collapse