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.


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.

Get More: SOUTH

h/t Mike Krieger

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Smithovsky's picture

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

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.  

redpill's picture


gmrpeabody's picture

All your raviolis are belong to us!

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.

Ghordius's picture


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.

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.

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)

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.

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.

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.

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...

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.

Captain Kink's picture

This is why GS is long Eur/USD.

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.

e-man's picture

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

Spastica Rex's picture

You're talkin' 'bout a revolution.

e-man's picture

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

Spastica Rex's picture

So was Louis XVI - by God.

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

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
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).

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 !

imsaul0968's picture

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Captain Kink's picture

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

fuu's picture

Thanks for sharing your email addy out in the open.

MassDecep's picture

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

Sudden Debt's picture


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

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.

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.

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?

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..

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.

midgetrannyporn's picture

Eric M. Clark Cell: 310-422-9001

fuu's picture

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

midgetrannyporn's picture

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

fuu's picture

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

slaughterer's picture

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

Sudden Debt's picture

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


srsly-wtf's picture

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

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.

StychoKiller's picture

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

Tsar Pointless's picture

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

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...

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.