Good! Italian PM Calls For Central Bankers To Be Arrested For Fraud

Jason Edwards
Jason Edwards

On Friday, in a moment of predictive insight, Bank of America correctly warned that the greatest threat to EPS - i.e., markets - in the next 3 years "is an acceleration of global populism via taxation, regulation & government intervention." Just one day later, this warning to the financial establishment was starkly manifest in that ground zero for Europe's populist revolt, Italy, where the country's coalition government hinted at where the global populist wave is headed next when he slammed the country’s central bank leadership and stock market regulator, escalating its attacks on establishment figures ahead of the European parliamentary vote in May.

Matteo Salvini, the outspoken head of the anti-immigrant League party, said the Bank of Italy and Consob, the country’s stock market regulator, should be "reduced to zero, more than changing one or two people, reduced to zero", or in other words eliminated, and that “fraudsters” who inflicted losses on Italian savers should "end up in prison for a long time."

As the FT notes, this latest broadside against Italy’s financial establishment comes as the two parties which are increasingly at odds with each other amid speculation Salvini may hold elections to become the sole leader of Italy, prepare to run against each other in the European parliamentary elections in May, a contest widely seen as a proxy for national polls. Meanwhile, both leaders have also increased their attacks against targets including the EU and French president Emmanuel Macron.

Confirming the rising animosity between the two coalition partners, the League and Five Star have openly squabbled over the future of an Alpine rail line and migration, while the two leaders’ repeated attacks against France which culminated with Di Maio meeting the leaders of the anti-Macron Yellow Vest moment, triggered a diplomatic crisis which last week saw Paris recall its ambassador from Rome.

Saturday's latest verbal crackdown targeting of the Bank of Italy comes after central bankers issued more pessimistic economic growth forecasts for this year compared with the numbers underpinning the government’s budget. As we reported last month, Italy entered into a technical recession in the second half of 2018, with the Bank of Italy cutting its GDP forecast for 2019 to 0.6% compared with a 1% forecast made by the government. At the same time, the European Commission slashed Italy's GDP forecast from 1.2% to a borderline recessionary 0.2% for the full year, hinting that Italy's budget deficit forecast will not only be missed, but could re-emerge as a focal point of renewed tensions between Rome and Brussels in the coming months.

Meanwhile, ECB head Mario Draghi, an Italian and former former governor of the Bank of Italy, last year warned that central bank independence was under threat by populist governments, while not making a direct reference to Italy. Should Salvini cement his de facto Italian leadership in upcoming elections, it would make life for the local central bank especially complicated.

Separately, Di Maio and other Five Star ministers said they want to block Luigi Federico Signorini, the deputy director-general of the Bank of Italy, from renewing his term, according to La Repubblica. The newspaper reported that the Italian cabinet was divided on the issue.

archive.fo/Whryf
zerohedge.com/news/2019-02-10/salvini-calls-elimination-italys-central-bank-prison-time-fraudsters

Attached: Italian-PM-Calls-For-Central-Bankers-To-Be-Arrested-For-Fraud.jpg (68.49 KB, 768x512)

Other urls found in this thread:

socioecohistory.wordpress.com/2013/08/10/us-military-caught-manipulating-social-media-running-mass-propaganda-accounts/
securityaffairs.co/wordpress/65679/data-breach/aws-s3-buckets-us-surveillance.html
archive.fo/yTyNJ
archive.fo/sNP0i
zerohedge.com/news/2019-02-11/salvini-suggests-seizing-control-italys-gold-reserves-central-bank
desuarchive.org/prepare/thread/1/
mega.nz/#F!DpAz2IgQ!nW7bPNnpJFk5CAV3ypiaHw
youtube.com/watch?v=dQw4w9WgXcQ

Gavin Reed
Gavin Reed

ABOUT FUCKING TIME.

JUST DO IT ALREADY.

Jason Johnson
Jason Johnson

He looks less White than your average Arab. Who cares what this shitskin has to say?

James Scott
James Scott


jews like you, apparently

Isaiah Barnes
Isaiah Barnes

He's Italian and he's correct. These fuckers deserve to be behind bars!

Joseph Bell
Joseph Bell

I pray this happens.

Notice how Zig Forums censors this title from the front page?

Wonder why they push to control the narrative here so much?

Adrian Smith
Adrian Smith

NOTE: during the day, Jim blocks all new headlines from the front page… WHY?

Maybe I should start posting at night or at the crack of dawn?

Justin Brooks
Justin Brooks

JIDF on the case kek

Good, Italy has been absolutely based as of late and this just adds to it.

Josiah Howard
Josiah Howard

because kike shekels turn otherwise decent people into bullet fodder.

Carter Young
Carter Young

You know what? This is EXACTLY the reason these same shills were attacking endchan. Remember? The owner of that site ALLOWS the headlines and these shills were fucking livid throwing pissy fits.

Which reminds me……………

Ryan Ward
Ryan Ward

well expect this to be sliden, like all the other news threads are here. this place is becoming a waste of time to be honest.

Jace Hill
Jace Hill

Zig Forums is a honeypot so beware of that fact. And yes, spooks lurk all over here too. They will try to control narratives:

socioecohistory.wordpress.com/2013/08/10/us-military-caught-manipulating-social-media-running-mass-propaganda-accounts/

Aiden Rivera
Aiden Rivera

Terabytes of US military social media surveillance miserably left wide open in AWS S3 buckets

securityaffairs.co/wordpress/65679/data-breach/aws-s3-buckets-us-surveillance.html

Wyatt Moore
Wyatt Moore

THEY ARE HERE.

THEY DO READ.

THEY DO KNOW.

Michael Torres
Michael Torres

OY VEY ANTISEMITISM!
REGIME CHANGE NOW!
GET TO IT, YANKEE LAPDOG

Noah Morris
Noah Morris

Oh expect it to be spun that way!

Cooper Evans
Cooper Evans

anti-slide

Xavier Jones
Xavier Jones

:( That means he's going to be assassinated, like all those who dared to attack those who pull the strings of the world.

Joshua Foster
Joshua Foster

Let them try it, it will only create another martyr and the public knows damn well the central bankers are crooks today.

Robert Peterson
Robert Peterson

Good! Salvini Proposes Seizing Control Of Italy's Gold Reserves From Central Bank

RELATED! Italian PM Calls For Central Bankers To Be Arrested For Fraud: archive.fo/yTyNJ

Italy's populist de facto leader Matteo Salvini seems set on shaking Europe's financial establishment to the core.

One day after the Italian deputy prime minister and leader of the League party, called for the elimination of Italy's central bank and the country's financial regulator, Consob, saying the two institutions should be "reduced to zero, more than changing one or two people, reduced to zero", or in other words eliminated, and that “fraudsters” who inflicted losses on Italian savers should "end up in prison for a long time", Salvini prompted fresh shocked gasps in Brussels and Frankfurt when he raised the possibility of seizing Italy’s massive gold reserves away from the country’s central bank.

"The gold is the property of the Italian people, not of anyone else," Salvini said in comments to reporters on Monday, according to the FT.

The controversial comments, which were seen as threatening the "independence" of the Italian central bank, whose one-time head was none other than Mario Draghi, prompted Giovanni Tria, Italy's economy minister, to defend the independence of the central bank.

Earlier in the day, Italy's populists called on lawmakers to pass legislation stating that its gold holdings belong to the state, Bloomberg reported.

The gold ownership bill presented by euroskeptic lawmaker Claudio Borghi of the League adds to an already tense relationship between the Bank of Italy and the coalition government. It’s also sparked criticism from opposition politicians, and some national media argue that it may allow the government to raid the gold reserves to fund spending promises.

Borghi has rejected the accusation and said he’ll ensure Parliament has ultimate power. His concern is that ambiguity of ownership means that a victorious legal action against the central bank – for inadequate supervision, for example – leaves open the possibility of a claimant getting compensation in gold.

“My bill only aims at making clear that the gold belongs to the state, not to the government,” he said in a telephone interview on Monday. “If there are doubts on our intentions, we can also pass another law saying none of the gold reserves can be sold unless there is a majority of two thirds or more of both houses of Parliament.”

archive.fo/sNP0i
zerohedge.com/news/2019-02-11/salvini-suggests-seizing-control-italys-gold-reserves-central-bank

Brandon Ross
Brandon Ross

He's not Arab at all. In fact, he is a Westerner that could potentially mount a massive attack against the international crime syndicates of this world.

Isaiah Turner
Isaiah Turner

well

Chase Hernandez
Chase Hernandez

NEWS

Ryder Russell
Ryder Russell

The central bankers are the bane of our society. They must be brought down. All of our countries have armies and rather than deal with the #1 threat to mankind’s survival, they fight border/resource wars for the richest people on earth, old monied families whose offspring are set to take the reins, rich spoiled generation whose never had a need which was not met.

I am begging our armies to help us, There are our sons, our neighbors, our friends.

Oliver Bell
Oliver Bell

I wish they would too, but as time goes on you best be prepared for the worst, because they may not be on our side.

desuarchive.org/prepare/thread/1/

Jose Cook
Jose Cook

they should be arrested

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