19 Responses to Debt sacks Rome: Italy adopts draconian austerity measures

  1. Lisa says:

    That woman is clueless, she does not realize we are a republic….Peter Shiff was the only one who made sense.

    Like

  2. Tomwe says:

    Fox news is hardly a credible source for information.

    Like

  3. Stephen says:

    In a world of sovereign nations, unbridled government spending and cuts in taxes NOW, will lead to a complete reverse of the status quo, IN THE FUTURE. This is to say policies are never permanent, because no country can achieve prosperity forever. And it is a fact of life. Some countries seem to prosper for a long time but it’s unsustainable and dangerous because they rely too much on borrowing. The longer the debt-lead prosperity, the more painful the reversal, because debts keep on accumulating. In the case of the United States, I don’t expect the federal government to cut its spending on military and defense. If it loses prestige as an economic superpower, at least it can still boast on its military capabilties…and it is dangerous. Now, we are in a world where nations are racing to build massive “defense” arsenals (and note, they always say “in defense”). We are also in a time when resources are quickly depleted, so the only soultion to secure resources is war. And I trust my instinct. I always feel strongly we are nearing that day. Remember why major World Wars came about. And things in the world now are depressed. Things are not going good.

    Like

  4. JerseyCynic says:

    End the fed, break up the TO BIG TO FAIL BANKS. How come no one discussed those responsible for this sh*+ storm??????

    SHILLS – all of them

    Booga Booga

    Does anyone know who Peter schiff REALLY is??

    Like

  5. luisport says:

    It’s not only in Italy, yesterday the portuguese gov raise taxes of electric energy and gas from 6% to 23%!!! I’m still in shock!!!

    Like

    • Dakota says:

      luisport – I see what you said and believe what you said. But 6% to 23%?

      There is more than a monetary motive behind this.

      People are being provoked, more like psyched into civil un-rest.

      Bottom line “they” don’t mind killing many to achieve their ultimate agenda which is complete control of people. We’re dealing with the one referred to as Satan – I finally get it now.

      The battle for our souls has been going on for a while but now it’s begun in full earnest.

      Bad times ahead – all I can think to say is steady as she goes, think positive, be positive, help will come not when we want it but it will come at the exact time in which we need it.

      Like

  6. Grim says:

    A republic is a form of democracy.

    Like

  7. Dakota says:

    One should listen to what Carol Rosin, (educator, author, leading aerospace executive and space and missile defense consultant. She is a former spokesperson for the late Wernher von Braun) said Wernher Von Braun the German rocket scientist, aerospace engineer, space architect, and one of the leading figures in the development of rocket technology in Germany during World War II and in coming to America help set up NASA. In many ways he said what lay ahead in the future was not good defense wise.

    In other words Stephen, no it’s not going good.

    Like

  8. luisport says:

    zerohedge zerohedge
    Goldman credit strategy call: “Recession back into focus” replay #: 800 332 6854; pass: 961045
    há 2 minutos

    Like

  9. luisport says:

    zerohedge zerohedge
    Morgan Stanley Gets Downright Apocalyptic http://t.co/YZ37KtH
    há 4 minutos

    Like

  10. Luca says:

    A Professor I know told me we were in a recession before the media even started saying we were in one. Everyone thought he was crazy and than it happened. He said when people start saying recession it’s worse it’s really a depression.

    Like

  11. Bone Idle says:

    Never been to Asia Rita? Gold is a tradable commodity there.

    Like

  12. Bone Idle says:

    The unfortunate thing is that the longer the debt spiral goes on the real chance of democracy breaking down.

    It’s too late to go back to a gold standard. It’s one of those finite resources all the experts keep talking about – there’s not enough of it to go around.

    Like

  13. Stephen says:

    Food is more valuable than gold.

    Like

  14. luisport says:

    The Spanish defense ministry is renegotiating 26 billion euros in arms contracts that the ministry just cannot pay. This budget hole adds to the country’s troubled finances, as it tries to assure investors that it is safe.

    more here: http://www.forexcrunch.com/spains-defense-ministry-cannot-pay-26-billion-euros-of-debt/ Spanish Authorities Accumulated 50 Billion Euros of Unpaid Bills

    Spanish local and municipal authorities have accumulated a total debt of 50 billion euros in unpaid bills. They just don’t have the money to pay. This already affects 3.2 million companies or 5% of GDP.

    More here: http://www.forexcrunch.com/spanish-authorities-accumulated-50-billion-euros-of-unpaid-bills/

    Like

  15. luisport says:

    It’s been argued since the beginning of the European sovereign debt crisis that the only way to actually solve things would be to create fiscal union via the establishment of euro bonds.

    Germany has long been opposed to this idea.

    From Reuters:

    The German government no longer rules out agreeing to the issuance of euro zone bonds as a measure of last resort to save the single currency, conservative newspaper Welt am Sonntag reported on Sunday.

    Even though Finance Minister Wolfgang Schaeuble and Economy Minister Philipp Roesler again spoke out against euro zone bonds and debt collectivization, Welt am Sonntag reported the German government is nevertheless considering that and other measures.

    Could this possibly be true? Most reports have indicated that politicians have all stripes have turned on Angela Merkel for agreeing to the bailouts she already has. Euro bonds would take it to the next level. Odd.

    Read more: http://www.businessinsider.com/germany-open-to-euro-bonds-2011-8#ixzz1V1wfu5hU

    Like

  16. luisport says:

    zerohedge zerohedge
    ECB SPENT EU22 BLN ON BONDS LAST WEEK VS EU15 BLN FORECAST
    há 7 minutos zerohedge zerohedge
    Eurobonds wouldn’t get majority among German government lawmakers according a government lawmaker
    há 1 hora

    Like

All comments are moderated. We reserve the right not to post any comment deemed defamatory, inappropriate, or spam.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s