Italy Faces MASSIVE Debt CRISIS! – European Union FURIOUS
Josh Sigurdson talks with author and economic analyst John Sneisen about the astonishing debt crisis in Italy as the European Parliament criticizes the country for being in so-called “open defiance.”
Now, don’t be too confused, both sides are wrong in this situation considering the vast toll of debt enforced upon the populace. Both sides are huge supporters of centralization, one is just larger than the other.
Italy has announced that it will expand its 2019 budget to 2.4% of GDP. Officials actually claim the increase in spending will abolish poverty, but no one seems to be talking about the vast debt impoverishing the country as the banking sector heats up at an unthinkable rate.
The EU parliament claims that Italy is defying their suggestions. Defying the EU isn’t exactly a bad thing, it’s just that both sides simply want a different form of centralization and the EU very likely knows exactly what is coming its way which is why they’ve been in careful scripted preparation for the coming global crash.
Antonio Tajani, the European Parliament head says he’s concerned for what’s happening in Italy and that this move will not raise employment. He also says it will hit savers in their wallets. Tajani was very close to Berlusconi.
The M3 money supply in Italy seems to be on the brink of the same issue we saw between 2010 and 2011 as Europe felt the lasting effects of the 2008 financial crisis.
No matter what happens, the banks are bankrupt, the fiat monetary system always crashes and there are bubbles left and right as the global monetary playbook is failing. Either way, this will not end well.
We go deep into historical implications and put the story in context for the audience as well as talk about the vast subservience enforced on the populace via the banks, central banks and governments of the world.
Stay tuned as we continue to cover this issue!
Video edited by Josh Sigurdson
Graphics by Bryan Foerster and Josh Sigurdson
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