The scrutiny of Italy is high and certainly will not dissipate after the deal with Spain all eyes are on the next failing country they wish to be prepared and think that they can find a plan to save themselves,” Nicola Marinelli, who oversees $153 million at Glendevon King Asset Management in London, said in an interview. “This bailout does not mean that Italy will be under attack, but it means that investors will pay attention to every bit of information before deciding to buy or to sell Italian bonds.”
Italy with its 2 trillion euro debt, the Treasury has to sell more than 35 billion of bonds and bills per month — more than the annual GDP of each of the three smallest euro members, Cyprus, Estonia and Malta.
Spanish Economy Minister Luis de Guindos said on June 9 that he would request as much as 100 billion euros in emergency loans from the euro area to shore up a banking system hobbled by more than 180 billion euros of bad assets. When will they see that throwing good money after bad is not a fix but a sure fire way to bring down others in the Eurozone?
The rapidly mounting concern about the state of Spain’s banks and public finances drove the country’s borrowing costs to near euro-era records last month, dragging up Italian rates in the process. There is a slow but creeping realization that this crisis is soon to escalate and that financial contagion with risks to bank deposits and payment systems. Indeed, the entire modern financial system is at risk. We have all been warned this is coming and we must prepare, there is a plan to this, we will all becomes serfs to the bankers or we will submit to a single global currency.
Life in a cashless society
There are silent runs on banks in Spain, Greece and Italy daily. The Bank of Italy authorized the suspension of payments by Bank Network Investments Spa (BNI) without communicating anything to depositors. The BNI, a large Italian bank, suspended operations and clients with bank accounts could not write checks, pay bills, make mortgage payments, and use ATMs or debit and credit cards. This should highlight to people how vulnerable we are the moment, they wish to stop access to our money what can you do?
The John Moore Show 5-16-2012 – Earth Changes – Greece Exit Euro – U.S. Economy
Some of the measures they are considering imposing ( notice imposing we have no voice or choice) are a limit on the amount of money that can be withdrawn from cashpoints or ATMS, imposing border checks and introducing currency controls to stop a flight of capital from countries, as well as limiting cash withdrawals and imposing capital controls, they have discussed suspending the Schengen Agreement, which allows for visa-free travel among 26 countries, including most of the EU, though not Britain and Ireland.
We are watching the freedoms we once enjoyed being taken from us all because of a group that has mismanaged and broken the trust that was given to them. They (bankers) have stolen our money and freedom with it. They push the war agenda and continue to change laws that mean we must follow their plan.
We need to stand up to this system or step away from it. They only have control for as long as we allow, if you choose to step away and become self-sufficient they lose their power and control.
The true power IS with the people, wake up and see the illusion they have created, it is all a design to make you their slave.