Italy voted in two Euroskeptic populist parties, the 5-Star Movement and the League. They formed a coalition government and vowed to deport 500,000 migrants. The coalition was blocked by President Sergio Mattarella who refused to accept their candidate for minister of the economy, because the candidate advocates a back up plan to exit the Eurozone market and Euro currency. Mattarella then appointed a globalist IMF official, Carlo Cottarelli, as the prime minister. Cottarelli, an establishment technocrat, was massively opposed and had to resign after only a few days in office. -GEG
The Italian people were on the edge of revolt after the President refused to hand over the mantle of power. Markets roiled. Italy has $2.33 trillion in debt that computes to $102,050 per household. Meanwhile, unemployment is running between 11% and 23%. The populists want to invest in growth to deal with the debt instead of austerity. The European Central Bank is pumping $397,000 billion into the country.
The establishment tried to convince voters that a new election would be a referendum on the Euro. The intent was to frighten voters into abandoning the populist parties out of fear of losing pensions and economic subsidies from the EU.
Some of the economic policies that the populists advocated are financially far beyond their means, including a basic universal income of $960 per month for everyone, and reducing the age of retirement from 66 to 62.
Approximately one-third of the entire population of the globe now is under some sort of a lockdown order. A few are able to work at home, but the vast majority are forcibly unemployed. Many small businesses will not survive the folly of their leaders, and the number of homeless will drastically rise.
Projection for COVID-19 infections is about one one-thousands as severe as for the common flu. [1-billion infections of flu compared to approximately one-million infections of COVID-16.] In other words, the common flu is a thousand times more dangerous than COVID-19.
Chicago Mayor Lori Lightfoot threatened fines and arrest for people who defy her stay-at-home order. She said that outdoors is only for brief respite, not long long exposure. The mandate that carries a $500 fine, if violated once. Repeat offenders will be arrested. This is the face of martial law.
The web site for CovidActNow, that is being used by media, state governors, local leaders, and county judges as a reason to quarantine, says: “this [computer] model is designed to drive fast action, not predict the future.” [In other words, the predictions are propaganda, not science.]
Scientist and Imperial College author Neil Ferguson several weeks ago warned that the coronavirus would kill 500,000 people in the United Kingdom. He now says that, if all goes as expected, the death toll will be 20,000 people or fewer. Ferguson has tested positive for COVID-19 and is not expecting to die.
National Economic Council Director Larry Kudlow announced the total coronavirus relief package will come to around $6-trillion, with $2-trillion in “direct assistance” to Main Street and “roughly $4-trillion in Federal Reserve lending power” for Wall Street.
These experts’ concerns include: the fact that the destruction of the economy will cause more deaths than the coronavirus, there are no scientific standards for testing for the presence of the virus, most deaths are only in the elderly population, and more!
The mayor said that water and power would be turned off for nonessential businesses to force them to close. He called the businesses that have yet to close “irresponsible and selfish.” While small business owners are fighting for economic survival, the Mayor enjoys a handsome salary with no interruptions or reductions.
Federal Reserve Chairman Jerome Powell cut interest rates to zero, launched unlimited quantitative easing (money creation), has committed to buy $1-trillion in Treasury Bonds and mortgage-backed securities, and municipal bonds. All this adds up to a death warrant for the American economy.
India’s economy has come to a screeching halt as residents in 75 districts across the country, including in major cities, such as the capital New Delhi, Mumbai, and Bangalore have been forced into mandatory quarantine by the government until March 31.
Prince Charles openly called for transforming the world’s economic model at a “revolutionary” pace, re-engineering the business model to change industries, markets and employment for the the green agenda. The changes would affect every business sector imaginable.
For classified advertising rates and terms, click here. The appearance of ads on this site does not signify endorsement by the publisher. We do not attempt to verify the accuracy of statements made therein or vouch for the integrity of advertisers. However, we will investigate complaints from readers and remove any message we find to be misleading or that promotes anything fraudulent, illegal, or unethical.
A recent study found that almost 90% of refugees are still not working after 2 1/2 years in The Netherlands. The refugees, mostly from Syria and Eritrea, discovered that low skilled jobs paid as much money as welfare, so they are opting to stay home.
More than two-dozen Antifa thugs showed up to intimidate him as he prepared for his “Deportation Bus Tour” across the state, and the sheriff had to chase away several men they believed belonged to the violent MS-13 gang. Antifa shared his tour schedule on social media and have made countless threats. They shut down his latest tour stop in DeKalb.
The Center for American Progress Action Fund, founded by Clinton operative, John Podesta, sent out a memo that reads, “If Democrats don’t try to do everything in their power to defend Dreamers, that will jeopardize Democrats’ electoral chances in 2018 and beyond.” [President Trump knows this better than most and, by supporting DACA, has knowingly handed the Democrats a powerful advantage in future elections.]