Salvini: ‘eliminate private central banks, their money printing, and take back the peoples gold’

Zenaan Harkness zen at
Tue Feb 12 02:21:24 PST 2019

On Tue, Feb 12, 2019 at 08:57:38PM +1100, Zenaan Harkness wrote:
> Salvini Proposes Seizing Control Of Italy's Gold Reserves
> From Central Bank
>   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.

Beware the age old trope of those behind the scenes assuming or
otherwise upholding ignorant politicians, e.g. to encourage by
default presumption said politicians (if they DO cause the parliament
to seize the peoples' gold) to SPEND said gold on gibs:

>   So why is Salvini seeking to seize the gold and use it "on behalf
>   of the Italian people"? While there was no clear cut answer, the
>   Italian media reported that the coalition government of Salvini’s
>   anti-migration League and the anti-establishment Five Star
>   Movement, may be considering using part of the central bank’s
>   gold to fund their spending plans.
>   Salvini countered that while he had not studied the notion of
>   selling Bank of Italy reserves to fund additional government
>   spending in detail, he conceded that "it may be an interesting
>   idea."

Thankfully in this instance, Salvini's cohorts seem to have that
coveted second brain cell:

>   Meanwhile, the close economic adviser of Salvini and Eurosceptic
>   League member of parliament, Claudio Borghi, has proposed a law
>   to ensure that the Italian state was recognised as the ultimate
>   owner of Italy’s gold reserves rather than the Bank of Italy.
>   “Nobody wants to sell the ingots, in fact, quite the opposite, we
>   want to prevent others from having their hands on it,” Mr Borghi
>   wrote on Twitter after Mr Salvini’s comments according to the FT.

The asset (gold, true money) is that which you print your fiats based
on - and any government worth their democracy would never concede
that power to private (central bank or otherwise) entities - money
printing by loans to government is madness - why would "the people"
ever concede the power to print their own fiats (assuming fiats are
something the people even want)?  Not by any sane thought but only by
thuggery, corruption and subterfuge!

Now if we're going to have governments and artificial entities such
as corporations with "backed by the state's gun" monopolies, then
those corporations ought (in this context) get their loans from the
government so that the interest on said loans goes to the government's
gibs programs (along with corporation taxation).

With the government owning and controlling the bulk of the gold, that
gold becomes the collateral for its loans to corporations - although
really in this context governments really only need collateral for
loans to one another.

But even then, loans to a debtor, if made in any currency other than
the debtor's fiats, are essentially immoral/ insane/ not in the
interests of the debtor - why concede your own (state/ national)
power to issue loans in your own state/ national fiat?

There is a world order no doubt about it, victors and debtors, and
most of us are debtors, either personally, but certainly by default
via our indebted (i.e. corrupted) "governments".

And, no doubt, this global debt pyramid is one incredibly impressive

Very impressive Mr Burns, impressive indeed! And all in a mere two
hundred years or so. Sorry, I mean Rothschilds, not Burns.

Yet this impressive feat is of evil, intrigue, murder, corruption,
undermine and blackmail. Certainly not built on anything I can
conceive of as "Godly".

So it's up for grabs folks, muh grits, fellow Souls one and all - by
insisting on the repetitive ~80 year fiat pump and dump, essentially
the entire deck of cards has been played into a flimsy card house on
the table of the world.

Why should we, the people, accept anything less than a 100% fiat debt
write off?

We probably should not of course, barring karma and the need for le
average Soul to discover within himself a motivation to survival, to
confront, a foundation of one or more principals worthy of living in
that expression constituting one's life - something other than
indulgent nihilism.

Create your world and go well fellow Souls, go well :)

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