From the August Forecast, I learn that yet another technocrat is pushing the people down, enslaving them further to the globalist bankers. It is a crime Yehovah may hold them accountable for.
Depressione: Italy on the BrinkGovernment austerity has predictable after-effects, namely, a contraction of economic activity. Just ask Greece or Italy. It also has the effect of paralyzing the social and political arena because trust is challenged on every level.
It’s a Cache 22 situation though. When governments accumulate so much debt that the market starts to question their ability to pay it all back, then lenders start demanding payment. That’s not totally unreasonable, considering that a lender has every right to expect payment from the borrower.
When a government racks up debt faster than the economy grows, the eventual curtailment of all reckless spending is guaranteed.
By November 2011, Italy’s debt crisis had already gridlocked the political process. Someone was going to get seriously hurt no matter which way they turned. If they defaulted on debts, then investors would be burned. If they raised taxes, then citizens would be burned. If they tried to shrink the size of government, the economy would contract and everyone would get burned.
It’s tempting to say “What a mess they had made of their national affairs” except that America has done exactly the same thing. The U.S. is on the same track, just a few miles behind.
When it became obvious that Italian politicians could not move forward with any solution, the lenders stepped in and took over government operation.
This is how and why Trilateral Commissioner Mario Monti came to be appointed (not elected) as Prime Minister of Italy. He was widely hailed as a technocrat, in the sense of “rule by expert” vs. democratically elected government. According to BBC News at the time,
Mario Monti has been asked to form a new Italian government to tackle an acute debt crisis which prompted the resignation of Silvio Berlusconi. Mr Monti, an ex-EU commissioner, said he was starting urgent talks on his cabinet, aiming to restore finances.
Read on... Findings & Forecasts 03/13/2013