giovedì 31 luglio 2014

ITALY TO COLLAPSE AND COMING compulsory levy? WHAT TO DO TO NOT being robbed
Despite the constant denials of the premier non-elected Matteo Renzi, from many quarters, including the area around certain "living", will be for sure that between September and October, the government will launch a big financial blow with much of compulsory levy on the accounts of Italian , a prelude to the arrival of the oligarchs of the IMF-EU-ECB troika from the parts of the Palazzo Chigi.
On the other hand it is an epilogue announced and entirely predictable: a government that somehow missed four consecutive estimates of GDP growth and, at the wheel of the state of public finances could only lead the country straight into the abyss, completing the work begun by the first "government of Grandpa George", that of the technocrat Monti, who was supposed to see the light at the end of the tunnel Italians and instead accompanied them with his icy smile and his colossal inability straight straight into the Mariana Trench in the public disaster.

It should be recalled that in the years following the subprime crisis (2008), the dynamics of Italian public finances, although not brilliant, had deteriorated so much lower than in countries so-called "virtuous", so that the public debt had grown up in % much less than the others.

So if we are reduced in this situation we have to thank, in order: Monti, Letta and Renzi, with the first and third are breaking all records in terms of disability and economic disasters.

The recipe that is prepared Italians are well known: capital, compulsory levy on bank accounts, pension cuts (including those already in place) and health care (cancer patients expelled by the Greek hospitals because they can not pay for the treatment you say nothing?).

How to protect themselves from the storm that is about to hit the country in less than a flicker of an unlikely courage of the former mayor of Florence, which leads him to not comply with the dictates of Berlin?

We assume that in all probability the withdrawal will take place at night and with retroactive effect, as recommended by the technocrats of the IMF so that someone can escape the robbery of state, for which, however, may be almost impossible to avoid being massacred. Yes, we know: the principles of the law say that a law can not be retroactive, but the government Renzi has already proven not to ask these moral problems, then we abandon this hope.

In addition to the accounts, the asset could affect financial securities, such as stocks, bonds, mutual funds and insurance policies: all products that can be easily "milked" as insurance companies and banks levying withholding what order status .

Some might think to take day-to-day a small amount of money to keep it under the mattress, but it should be noted that there are strong restrictions on cash payments (now you sound more clear why?) And that over the next two years all banknotes in circulation will change with the new design and made off the course. Therefore, if you were to find yourself with a lot of cash in the house, however, you would be forced to have it change in the bank and, make no mistake, then be triggered investigations by the agency of revenue.

So what solutions there may be?

Convert part of the liquidity in assets which are easily transportable, who have not notifiable. It is therefore of classic collectibles: such as watches, pens, stamps, etc, which can also be sold abroad and transported with ease.

Yes, it's war economy, but it is one that unfortunately has become the euro area: a theater of war.

A few years ago, Eugenio Benettazzo had predicted this crisis and was considered "lucky" people who had had a small plot of land from which to draw sustenance. There seems to be a catastrophic vision? Try to think of those families where both are unemployed if they had a piece of land would cut drastically the cost of power, which would not be a minor thing.

Do you remember the dance of joy Prodi and his companions for entry into the euro? Well, you would never have imagined that after a little more than a decade there would be found with the specter of expropriation by the state of the assets of our families?

A final small note: apart from keeping money under the mattress (which however is not so easy) you noticed that the means to escape the capital ... concern objects that require extremely high skills and knowledge to avoid being duped?

Yes, that's right: the expensive bill at the end of the euro will be paid by the middle class, not by what this crisis has thrived entrusting the management of its assets to large hedge funds, and even less by the political class and that of the its undergrowth.

We will all be ruined, but with a smile thanks to the striking lines of the former mayor of Florence. Too bad it has not decided to follow in the footsteps of Benigni and Pieraccioni: box office hit and would have spared Italians a future of economic destruction, moral and civil.


Luke Campolongo (ilnord.it)

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