{"id":40170,"date":"2018-11-06T06:44:05","date_gmt":"2018-11-06T11:44:05","guid":{"rendered":"http:\/\/olduvai.ca\/?p=40170"},"modified":"2018-11-06T06:44:05","modified_gmt":"2018-11-06T11:44:05","slug":"the-italian-people-must-understand-that-their-country-is-at-war","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=40170","title":{"rendered":"The Italian people must understand that their country is at war"},"content":{"rendered":"
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The Italian people must understand that their country is at war<\/a><\/h3>\n<\/div>\n<\/header>\n
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The conflict between the European Union and Italy is a full-blown financial war. Euro countries cannot print their own money and for that reason they cannot have an endless deficit. Countries within the eurozone have to live within their means or else, without the intervention of the ECB, they will go bankrupt. Nobody knows the consequences of an Italian default and debt restructuring, but it can lead to the end of the euro.<\/p>\n

To make the euro sustainable, the European financial elites want the Italians to reduce their spending and turn a budget deficit into a budget surplus. However, due to the country\u2019s shrinking population the Italian budget deficit \u2014 as we have argued many times \u2013 can only increase. The European commission rejects the Italian budget because Rome wants to increase its debt far beyond the limit allowed by the ECB. \u201cThis is the first Italian budget that the EU doesn\u2019t like,\u201d wrote Deputy Prime Minister Luigi Di Maio on Facebook. \u201cNo surprise: This is the first Italian budget written in Rome and not in Brussels!\u201d1)<\/sup>Matteo Salvini added: \u201cThis (the rejection of the Italian budget plan by the EU) doesn\u2019t change anything.\u201d. \u201cThey\u2019re not attacking a government but a people. These are things that will anger Italians even more,\u201d he said.2)<\/sup><\/p>\n

The country has entered a demographic winter3)<\/sup>and sustainable economic growth is simply impossible, at least for the foreseeable future. As is the case with the whole of Europe, the continent needs a plan to support an ageing and declining population. As if not aware of it, the Brussels-Frankfurt establishment only wants Italy to stick to their austerity program, i.e. decrease public spending and do away with the current Italian administration, which refuses to comply.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Italian people must understand that their country is at war The conflict between the European Union and Italy is a full-blown financial war. Euro countries cannot print their own money and for that reason they cannot have an endless deficit. Countries within the eurozone have to live within their means or else, without the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[195,3107,200,233,279,280,282,284,6974,1464,536],"class_list":["post-40170","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-debt","tag-debt-restructuring","tag-default","tag-ecb","tag-eu","tag-euro","tag-european-central-bank","tag-european-union","tag-gefira","tag-italy","tag-money"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40170"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40170\/revisions"}],"predecessor-version":[{"id":40171,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40170\/revisions\/40171"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}