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Italy Welcomes Its New Brussels Overlords

Tyler Durden's picture




 

It was nice knowing you "sovereign" Italy. Next time get a "technocrat" PM/FinMin who is not a certified card carrying agent for a major banking cartel.

  • MONTI SAYS EUROPE'S INDICATIONS ARE IN ITALY'S BEST INTERSETS
  • MONTI SAYS EU CAN HELP ITALY DEVELOP BETTER POLICIES
  • MONTI SAYS EU IS NOT A `CONSTRAINT' FOR ITALY
  • MONTI SAYS ITALY'S PROGRAM PRESENTED TO EU IS `STARTING POINT'

Oh, and good luck finding that gold, a topic which finally makes the mainstream FT several weeks after Zero Hedge tentatively suggested that it's gone... It's all gone.

Margaritaville
Get More: SOUTH
PARK
more...

h/t Mike Krieger

 

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Tue, 11/22/2011 - 10:50 | 1902350 Smithovsky
Smithovsky's picture

As another Monti (Burns) would say - 'Eeeexcellent'.  

Tue, 11/22/2011 - 10:56 | 1902366 slaughterer
slaughterer's picture

As a purveyor of German-style fiscal-sadism, Monti will make even Southern Italy into a colony of serfs indentured to the ECB.  Welcome to the new world order: Italy meet your master: Lloyd Blankfein.    Excellent indeed.  Monti = Super Smithers.  

Tue, 11/22/2011 - 11:57 | 1902630 redpill
redpill's picture

WHERE IS ZEE GOLD, BURLESCOWSKI?!

Tue, 11/22/2011 - 14:30 | 1903317 gmrpeabody
gmrpeabody's picture

All your raviolis are belong to us!

Tue, 11/22/2011 - 15:45 | 1903742 MFL8240
MFL8240's picture

Blankfein really doesnt understand Italians. Try to steal more from the Italian people my guess is that he probably wont have any teeth left to chew on his bagels.  The world has had enough of the scumbags from Goldman Sachs someday they will have to answer for their greed.

Tue, 11/22/2011 - 11:09 | 1902397 Ghordius
Ghordius's picture

blablabla

as much as I was a fan of Berlusconi - this is only propaganda. Typical "they are different - they are bad" tabloid propaganda.

Monti has been appointed by the blasted President of the Republic Napolitano (yes, Napolitano is a former communist, elected by Senate & Parliament).

This is all constitutional. He can be toppled anytime by a "Vote of Confidence", like the 51 VoCs Berlusconi survived until he met his 52nd.

He needs to find majorities in both chambers for everything. It's called a "technical Government" (not technocratic) in Italy. There were lots of them before the first Berlusconi gov. The blasted Lower Chamber could anytime find some other majority and send him home - only then they would have to work together and take some responsibility, which is hard for typical MPs.

So back down you conspiracy theorists and give him the customary hundred days so that he finds enough rope to hang himself.

He is now the PM of one of the most fiercely pro-EU countries that was co-founding member since the Treaty of Rome.

He is preaching to choir.

Tue, 11/22/2011 - 11:17 | 1902450 Ahmeexnal
Ahmeexnal's picture

Greek and Italian partisans are already organizing the resistance.

Merkel will be kicked out of Greece and Italy, just like her daddy was kicked out back in the 40s.

http://www.dailymail.co.uk/news/article-2054406/Furious-Greeks-lampoon-G...

Tue, 11/22/2011 - 11:22 | 1902472 Ethics Gradient
Ethics Gradient's picture

Oh do be quiet, man.

Tue, 11/22/2011 - 12:10 | 1902666 Bring the Gold
Bring the Gold's picture

Let's just interject some facts into your apoligia for Monti.

Fact, Chairmen of the European branch of the Tri-Lateral Commission.

Fact, Member of Bilderberg group (not atendee...MEMBER)

http://www.reuters.com/article/2011/11/14/italy-monti-idUSL5E7MD0DO20111114

Fact, Goldman Sachs European advisor. (Per ZH using Goldman Sachs materials)

Naw, I'm sure this guy is on the up and up. Why all three of those just SCREAM democracy and open transparent government. STFU, with that conspiracy theory non-sense, that can't be used to end rational fact based discussion anymore. Those groups are secretive by nature and therefore are conspiracy FACT.

Tue, 11/22/2011 - 12:37 | 1902756 Ghordius
Ghordius's picture

I am no friend of appointees of Napolitano

Bilderberg? Well, lots of people attend this club - is there any proof that they are subversive? Freaking Maggie Tatcher? The Queen of Holland? Anyone? Facts? Really?

GS? We will see if Monti will be Italian first and Squid second or not. Austerity? Lots of citizens want austerity there.

My point is that the guy is constitutionally legit and he has to convince for every law hundreds of MPs in a country that loves the EU. This is a fact.

Tue, 11/22/2011 - 12:55 | 1902795 Bring the Gold
Bring the Gold's picture

Your point about Italian parliment is fine.

Your use of the term Conspiracy Theory is just slander and undermines viable discussion. It's a way in which to stop critical thinking with a buzz word that just so happens helps to cloak any and all elite collusion under a catch all phrase that summons up paranoia and mental instability in those at which the term is hurled.

Can you prove that Bilderberg is a force for good? Perhaps their ULTRA secretive stance is to hide their good nature eh? Perhaps Mother Theresa would have been more effective in her minstrations to the poor if she had retreats at resorts under high military security, with minimal media coverage and massive secrecy?

Lets see historically speaking how many ultra secret groups involving the top echelons of power have been forces for good? Hmm, can't really think or more than perhaps a handful during the Renaissance and that was due to the Vatican being a Hegemon at that time.

Other than those very few examples, the OVERWHELMING MAJORITY have been forces for evil, places where coups were cooked up and other byzantine plots for power.

Of course it's difficult to pull out factual information on exactly how Bilderberg operates as an organization, that speaks to the TREMENDOUS effort made to have all their discussions be extremely secretive. Likley it's for the common good...right?

If you buy that I have some MF Global bonds to sell you.

Tue, 11/22/2011 - 19:11 | 1904567 Ghordius
Ghordius's picture

Well, we can't prove anything about Bilderberg.

Yes, the evidence is there that they meet, sometimes with some aspiring politicians like Maggie Thatcher, that then often have a shot at a greater audience. A lot of quite known VIPs are there, including a couple of royals, etc. etc.

Forces of evil? That's my problem with "conspiracy theories", they assume groups want to be "forces of evil". They meet - they don't want you to be there and they don't release their minutes.

So what? Any club can do this. They are not that ultra secret anyway. And I can understand people that don't want to be bothered by the press all the time. Would you, if you were one of them, have the press at every meeting? Really?

The real evil of this world is done in front of our eyes, IMHO. In the case of Mr. Monti, we'll have to wait and see what laws and decrees he puts forward...

Tue, 11/22/2011 - 23:00 | 1905219 Bring the Gold
Bring the Gold's picture

Forces of evil? That's my problem with "conspiracy theories", they assume groups want to be "forces of evil".

Um, what about terrorism? What about the Mafia and other organized crime? What about the Triad? What about the Yakuza? What about the KGB? What about various intelligence agencies involved in Coup D'etat's, torture and extrajudicial murder and drug running? All of these things are confirmed fact. All occur at the behest of groups that operate in secret, whether on the behalf of governments or for ideological/political/monetary reasons. What about any number of historically documented incidences where rich and powerful people met in secret to foment Coup D'etat's against governments? What did that all go away magically sometime in the distant past? Humans have moved beyond greed and lust for power as motivators? Come on! Read some history!

As to Bilderbergs, we aren't talking about a few folks at a country club, we are talking about the most powerful men and women in the world. The richest men and women in the world. They are meeting to influence policy and politics this is known by both explicit fact (endorsement of multiple US presidential and Vice Presidential nominees leading to VP selections and US presidency frontrunners...FACT) and also inference. We know that policies have been discussed, and businesse and government actions have been synchornized at these meetings yet these are NOT official capacity meetings, yet they effect official policy decisions. This is in no way democratic or representative of the will of the people these policy makers supposedly represent.

If you don't find Bilderberg meetings to be just a tad questionable, well then I submit that you are extremely trusting and likely to a fault.

Tue, 11/22/2011 - 10:51 | 1902351 Captain Kink
Captain Kink's picture

This is why GS is long Eur/USD.

Tue, 11/22/2011 - 10:55 | 1902357 EscapeKey
EscapeKey's picture

gold reserves which are largely in excess of needs in most EU countries

What the fuck is that supposed to mean? I though those Keynesian assholes had determined gold isn't money, hence why would there be any requirement at all? Fuck it, sell it all, if it's as worthless as you make it out to be.

Actually, I just recall - during the Greek hyperinflation in the 40'es, the powers that be repeatedly attempted to stabilise the Drachma - through the selling of gold.

Tue, 11/22/2011 - 11:00 | 1902384 reload
reload's picture

Makes sense: sell Gold, reduce currency in circulation, reduce black market prifits and curb inflation.

Quick call Mervin King - oh wait, Gordon Brown sold it already.

Tue, 11/22/2011 - 11:18 | 1902461 LawsofPhysics
LawsofPhysics's picture

Precisely, let the masses play with gold after all they are idiots and the NWO will confiscate it later anyway.  Where have I seen this play out before?  Hhhmmmmm.

Tue, 11/22/2011 - 10:53 | 1902360 e-man
e-man's picture

How long do you think it takes before the Italian people offer Monti the Mussolini retirement package?

Tue, 11/22/2011 - 11:02 | 1902395 Spastica Rex
Spastica Rex's picture

You're talkin' 'bout a revolution.

Tue, 11/22/2011 - 11:35 | 1902515 e-man
e-man's picture

Revolution? Monti is an appointed leader, not an elected leader.  I'm talking more like a "disappointment."

Tue, 11/22/2011 - 11:40 | 1902560 Spastica Rex
Spastica Rex's picture

So was Louis XVI - by God.

I don't think a revolution requires democratically elected leaders.

Tue, 11/22/2011 - 11:06 | 1902411 Popo
Popo's picture

They're a conquered people. 

I have seen zero indication that they have the spine to stand up to the cartel.

  • The Cartel: 1
  • Italy:0
Tue, 11/22/2011 - 12:18 | 1902700 overqualified
overqualified's picture

Yes, they foolishly have been the most europhiles in Europe up to now, just because they despised so much their elected political class. So they just loved the idea of being governed by Germany.

Now that they taste the real thing I wonder about their reaction. My guess is that when they will realize how much screwed they are, it will be too late anyway (they will be already homeless and destitute).

Tue, 11/22/2011 - 10:58 | 1902368 Alex Lionson
Alex Lionson's picture

All those technocrats are so politically correct and nice at the beginning! They even use the words EUROPE'S INDICATIONS instead of more understandable and correct ones - EUROPE'S INSTRUCTIONS !

Tue, 11/22/2011 - 11:19 | 1902466 Ahmeexnal
Ahmeexnal's picture

Correctness would mean:  "Germany's ORDERS"

Tue, 11/22/2011 - 11:38 | 1902556 Alex Lionson
Alex Lionson's picture

:)

Tue, 11/22/2011 - 10:57 | 1902373 imsaul0968
imsaul0968's picture

For those of you who invest in an IRA or for long term goals, theres a better approach than buy,hold,hope. Stocks follow the economy so analyzing the economy, specifically the factors that are "leading indicators" and having exposure to equities only when the economy is headed in the right direction and avoiding equities in favor of safe haven baskets is a much more logical approach. And missing the major drawdowns is the only way to help ensure meeting your goals.  If you are interested in investing in a portfolio that tactically invests in equity and safe haven baskets via ETF's automatically, please email me at:

eclark@breakaway-partners.com

and I'll add you to the weekly market commentary & portfolio update distribution list.  Its free to add you and you can follow along our model and our views.  We have been RISK-OFF since 6/30 so have missed all this wicked volatility. Currently invested in short duration treasury baskets as flight to safety drives interest in our debt. 

Tue, 11/22/2011 - 10:58 | 1902379 Captain Kink
Captain Kink's picture

This site is not for you to advertise on.  Take it elsewhere.

Tue, 11/22/2011 - 11:01 | 1902391 fuu
fuu's picture

Thanks for sharing your email addy out in the open.

Tue, 11/22/2011 - 11:02 | 1902396 MassDecep
MassDecep's picture

and it's gone, and so are you!!

Tue, 11/22/2011 - 11:03 | 1902399 Sudden Debt
Sudden Debt's picture

OH!!! MORE JUNKMAIL!!! YES PLEASE!!!

I'd put you in the same folder as where I keep my viagra adds....

Tue, 11/22/2011 - 11:03 | 1902403 a growing concern
a growing concern's picture

Sorry, I'm currently short baskets through a quadruple leveraged basket bear ETF.  When the technicals for baskets look better, I'll give you a call.

Tue, 11/22/2011 - 11:11 | 1902430 Stax Edwards
Stax Edwards's picture

"you can follow along our model and our views.We have been RISK-OFF since 6/30 so have missed all this wicked volatility. Currently invested in short duration treasury baskets as flight to safety drives interest in our debt." 

Uhhh, why do we need a weekly update that says you are buying treasuries? How much research have you done since 6/30 that all indicated to buy treasuries? Awfully boring 6 months for your subscribers huh?  I might have an idea of why your readership is falling off.  I think you are on the wrong forum, try the yahoo message boards.

Tue, 11/22/2011 - 11:12 | 1902433 MillionDollarBonus_
MillionDollarBonus_'s picture

I think I'm interested in signing up. But I need to know, do you offer professional services in the retail and financial sectors?

Tue, 11/22/2011 - 11:22 | 1902476 SheepleLOVEched...
SheepleLOVEcheddarbaybiscuits's picture

you deserve a subscription

Tue, 11/22/2011 - 14:36 | 1903359 Tsunami Wave
Tsunami Wave's picture

I guess this person didn't find Alan Krueger, Paul Krugman, and Joe Stiglitz's economic forecasts translating well in their portfolio..

Tue, 11/22/2011 - 11:16 | 1902448 tmosley
tmosley's picture

Post your phone number.  I'd like to open an account, but I don't like using email.

Also, your home address would be nice.  I like to send a gift basket to new business associates.

Tue, 11/22/2011 - 11:22 | 1902475 midgetrannyporn
midgetrannyporn's picture

Eric M. Clark eclark@breakaway-partners.com. Cell: 310-422-9001

Tue, 11/22/2011 - 11:27 | 1902495 fuu
fuu's picture


Breakaway Partners, LLC   1513 9th St  Santa Monica, CA 90401-2786. United States Phone: (310) 422-9001.

Tue, 11/22/2011 - 11:29 | 1902505 midgetrannyporn
midgetrannyporn's picture

I am tempted to add him to wiki's list of known spammers.

Tue, 11/22/2011 - 11:32 | 1902524 fuu
fuu's picture

I'm tempted to post his info on /b/ and indicate he likes Scientology.

Tue, 11/22/2011 - 11:43 | 1902579 imaginalis
imaginalis's picture

Breakwind Partners

Tue, 11/22/2011 - 11:28 | 1902501 Absinthe Minded
Absinthe Minded's picture

Hi Saul. STFU

Tue, 11/22/2011 - 10:58 | 1902374 slaughterer
slaughterer's picture

Thanksgiving sees Merkel, Sarko, and Monti meeting together in France to stage manage their next move.  

Tue, 11/22/2011 - 10:59 | 1902380 Sudden Debt
Sudden Debt's picture

The man is great. I also love his credo: TO TAX OR NOT TO TAX, WE'LL TAX IT ANYWAY!

 

Tue, 11/22/2011 - 11:00 | 1902383 slaughterer
slaughterer's picture

Tax it to death, SD.  

Tue, 11/22/2011 - 11:22 | 1902473 srsly-wtf
srsly-wtf's picture

Reagan on government:  "If it moves tax it.  If it keeps moving, regulate it.  If it stops moving, subsidize it!"

Tue, 11/22/2011 - 13:07 | 1902880 TrulyBelieving
TrulyBelieving's picture

Make it clear, Reagan was describing how the democrats in govt. handled the economy. He was mocking them and this was not his position. Now be true and quit trying to re-write history.

Tue, 11/22/2011 - 17:13 | 1904162 StychoKiller
StychoKiller's picture

"The Spinners" -- NOT just a singing group! :>D

Tue, 11/22/2011 - 11:00 | 1902386 Tsar Pointless
Tsar Pointless's picture

When you read "European" or "EU", you may freely and rightly replace them with "Germany".

Tue, 11/22/2011 - 11:01 | 1902394 KNiCKER
KNiCKER's picture

Some 315 million people are getting raped and nobody gets it here...

Aaah, what the heck, let's watch the X-Factor one more time...

Tue, 11/22/2011 - 11:08 | 1902419 slaughterer
slaughterer's picture

Those 315 milliion rape victims must wake up, organize and protest.   We get it: we would probably be "all in" on that with our riot cameras replacing X-Factor.  

Tue, 11/22/2011 - 11:04 | 1902405 entendance
entendance's picture

Monti is a jesuit ex alumn; barroso is a jesuit ex alumn; mr.bean-draghi ex alumn; they report to dr. ratzinger in vatican.

Tue, 11/22/2011 - 11:13 | 1902439 Don Birnam
Don Birnam's picture

Ad majorem Dei gloriam...

It's all one big, happy, leveraged, novus ordo seclorum, isn't it ?

Tue, 11/22/2011 - 11:23 | 1902482 zice
zice's picture

So delusional. So which is it Jesuit or Zionist? You people are so afraid of every bogeyman that appears in your psyche. So full of hate. It blinds your trust and makes reason unaccountable. For this, you have been branded a slave and you see it as freedom. As if your license is freedom.

Tue, 11/22/2011 - 12:04 | 1902655 Eally Ucked
Eally Ucked's picture

That shit with Vatican has showed up recently, probably some kind of new Zionist tactics, but I leave it to your judgment, you're so strong on psychological side that it will be nothing for you to find proper answers. Definitly reject hate! 

Tue, 11/22/2011 - 12:24 | 1902723 overqualified
overqualified's picture

Hey, I've got a PhD from a jesuit university! Why I am unemployed?  I reclaim my top eurocrat job!

Tue, 11/22/2011 - 11:07 | 1902416 bernorange
bernorange's picture

... and poof.  It's gone.

Tue, 11/22/2011 - 12:22 | 1902713 doggings
doggings's picture

well, we have no proof they're all poofs, butt the gold is definitely gone

Tue, 11/22/2011 - 11:08 | 1902420 adr
adr's picture

well the algos must love that news, what's with the vertical line up this morning? Oil is up over 1% again and the market indexes must have thought the lower GDP print means QE3 is coming nomatter what.

Tue, 11/22/2011 - 11:13 | 1902437 Absinthe Minded
Absinthe Minded's picture

OT but BB just reported JPM is close to a deal to buy the LBME. God help us all. The only plus is we will probably be able to load up on gold when they monkey hammer it. Only the good old boys will get the inside info on when they are going to swing it and which way.

Tue, 11/22/2011 - 11:14 | 1902440 SheepleLOVEched...
SheepleLOVEcheddarbaybiscuits's picture

How are these officials taking seats without elections? I mean this must be unlawful in some aspect of EU law, no? And they wonder why Italians riot.....Now the rioters just need to "physically remove" them from office.

Tue, 11/22/2011 - 11:14 | 1902441 LawsofPhysics
LawsofPhysics's picture

It should be becoming more apparent to everyone that the central planners and one world government is in complete control and asserting their power over Europe right now.  There are NO sovereign nations left on this planet and in Europe in particular.  Good luck all.

Tue, 11/22/2011 - 11:16 | 1902446 holdbuysell
holdbuysell's picture

That Margaritaville episode of South Park never gets old.

Tue, 11/22/2011 - 11:18 | 1902462 Gandalf6900
Gandalf6900's picture

you been watching mainstream tv I suppose...if not what do you suggest!

Tue, 11/22/2011 - 11:26 | 1902491 DormRoom
DormRoom's picture

Italy needs a bat signal, like the OWS has

#Occupy Bat Signal for the 99%

 

http://www.youtube.com/watch?feature=player_embedded&v=n2-T6ox_tgM#!

Tue, 11/22/2011 - 11:37 | 1902549 Alex Lionson
Alex Lionson's picture

Please do not worry about Italy and Greece, Mr. Monti and Mr. Papademos are members of the so-called Trilateral Commission (founded by Mr. Rockefeller in 1973) and were appointed by powerful representatives of the banking world. Any questions regarding further developments in these countries. Look at Iceland for reference.  

Tue, 11/22/2011 - 11:42 | 1902572 monopoly
monopoly's picture

new imsaul0968 Please take your crap elsewhere. Get lost. We have no use for you. 

Tue, 11/22/2011 - 12:22 | 1902711 Georgesblog
Georgesblog's picture

Now, they're playing "Simon Says". Simon says, get down on your knees and say, "May I?" Did Italy say "May I?" How will France respond? The schism between the leadership of nations and their people is widening.

http://georgesblogforum.wordpress.com/2011/11/02/the-daily-climb-2/

Tue, 11/22/2011 - 13:09 | 1902889 Bansters-in-my-...
Bansters-in-my- feces's picture

.......Monti WAS NOT elected by the people................

Burn him out...!!!

Tue, 11/22/2011 - 13:36 | 1903056 Esso
Esso's picture

"Aaaaaaaand, it's gone."

LOL.

Tue, 11/22/2011 - 14:19 | 1903259 BidnessMan
BidnessMan's picture

South Park was so prescient.  I love this clip.

http://www.therundown.tv/videos/misc-videos/south-park-and-its-gone-scene/

 

Tue, 11/22/2011 - 14:00 | 1903183 silverserfer
silverserfer's picture

maybe after they default they can make their new currency out of delicious little mini pizzas.

Tue, 11/22/2011 - 15:37 | 1903696 onedb1
onedb1's picture

Just one simple question , if the Euro is so doomed then why aren't we seeing it on the currency markets too ? All I see is 10 yr US at 1.95 and financial institutions in the US going bust. Ie dollar really becoming worthless and handed out for next to nothing. I'd be happy to see a Euro 1.2 vs USD or 1.5 vs GBP.

As for violence in Italy rest assured that the only violence you'll see is the typical socialist crowd bent on ignorant protests no matter what the cause, its simply in their DNA all over the world , hey even in the US . Look at the stupid flags they wave ? All red ! Hardly a riot when a few thousand commies throw stones in Rome. We've had much worse from them in the past.

Your views of Italy are vastly skewed towards idiotic stereotypes that make me wonder if board members of ZH are actually Alabama pig farmers typing drivel behind a shed on their mamas laptop. A country where most don't have a passport .....stick to the pizza and ravioli stereotypes..makes you look very clever indeed ...

Also all this nonsense and quite frankly ignorant fact that Monti was not an elected PM is pretty funny. Infact whilst no election has indeed taken place , elected members of Parliament almost unanimously voted for Monti .  556 to 61 .

When Gordon Brown took over from Blair in the UK , who had elected Brown ? no one. He was appointed internally . Its how it works. Were there riots then ? nope despite Brown being a disaster !!

Monti's appointment is seen as beneficial to the country ( or at least thats the hope) in order to apease the spiralling spreads on treasuries, as the anti Berlusconi propaganda and continous trials did not allow Berlusconi to lead appropriately.I suppose partly self inflicted.

 More importantly he had effectively lost a confidence vote. Elections would have taken too long and the country does not need to open a vicious political debate at this moment. Monti's election is seen as an interim solution . This nonsense about revolutions etc is so comical. You guys have too much time to dream up stuff. Germany ruling Italy ? haha I guess your history only goes back a very short while - bless. I suggest you take history lessons and read who has ruled Europe both economically and culturally. Italy , Britain , but hardly Germany.

Only thing I agree with here is long Gold trade . The rest is c**p !!

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