The Italian PM, Matteo Renzi, finally forced to resign after the devastating defeat in the recent referendum. As mentioned, the Italian people rejected the non-elected PM, as he was seeking more concentrated powers through the constitutional reform. Most importantly, it was a clear rejection against the political class of the elites and the accompanied neoliberal policies of destruction.
The 'automated' response of the markets to political processes, has become a routine. The Western neoliberal establishment is using every weapon available to impose its cruel agenda. There no time for pretexts. The Greek experiment must end by all means and the others must obey and follow this path.
In the shock of the result of the Italian referendum, the supposedly 'independent' markets sent immediately the first signals of another threat against Italy, as a warning message that they will not tolerate any diversion of the neoliebral status quo.
As reported by marketwatch: “Moody's Investors Service on Wednesday affirmed Italy at Baa2 but revised down the outlook on the country's rating to negative from stable after Italian voters rejected a referendum on constitutional changes over the weekend. Moody's cited "the slow and halting progress on economic and fiscal reform in Italy, the prospects for which have diminished further following the 'no' vote in Sunday's constitutional referendum" as the main driver behind its decision. The ratings agency also expressed concerns that Italy may be exposed to "unforeseen shocks" for an extended period due to its tepid growth outlook and the recent deterioration in its fiscal position.”
The whole sequence of events proves that the global financial mafia behaves exactly like a mafia against entire countries.
It has been revealed that back in 2011, a certain mechanism of the political and economic elite within and out of Italy, forced Berlusconi to resign in order to be replaced by the technocratic puppet Mario Monti to impose harsh austerity, as a key element of the neoliberal agenda. As described, the former Prime Minister, Romano Prodi, gave blessing to Monti and a prophecy: "When Italian spreads reach 300 units, you will be asked to govern." Italian spreads finally surpassed the 300 units that Prodi predicted, to reach 500. Italy was in face to face with the ghost of bankruptcy. Either by populism, or by free choice, Berlusconi did not abide by the orders of Germany. He became unpopular, as he challenged austerity policies, so he had to be removed.
No surprise that the head of the Bank of Italy at that time was (guess who) ... Mario Draghi.
One year later, Draghi, as the head of the ECB this time, will announce the decision for unlimited purchase of government bonds in eurozone. As described back then “the ECB becomes a corresponding Fed in the European area, “serving” the problematic economies that are excluded from the bond markets, through the print of new money. Therefore, the problematic economies will be loaded with more and more debt which the ECB, i.e. the largest private European banks will hold. Someone could argue that is not something new, since nations were facing huge debts in previous years, because they were indebted to banks through the excessive borrowing from the markets. But in this case, there is an important difference that makes things much worse: it is the cruel conditions imposed by the ECB to states that need to buy money. States that are excluded from markets, are now trapped within the neoliberal economic empire of the eurozone and will be forced to follow new austerity measures every time they need ECB to buy their bonds.”, which is exactly what happened to Greece.
The trap mechanism was completed. Anyone who dared to refuse austerity and sado-monetarism, imposed by the Brussels/Berlin axis, through 'undesired' political parties in power, would be delivered to the hands of the ECB regime and would be forced to take all the painful measures, through economic suffocation. Greece had suffered this kind of direct financial coup when Tsipras decided the referendum in summer 2015, where the Greeks overwhelmingly rejected the austerity measures 'made by' the European Financial Dictatorship (EFD).
So, this is the start of a new round of warnings for Italy. EFD actually demands from the Italian people to forget Democracy, accept another puppet to finish the job, or else, the spreads will rise again, the country will be excluded from the money markets and the ECB will come to take full control to make sure that Italy will take the same hellish path like Greece.
Because as we said many times before, the Greek experiment must be completed and transferred to every country inside eurozone.