Mario Draghi soon at the head of Italy, author of the G30 report on … austerity !!! – EconomyMorning


This editorial is important and I invite you to share it widely as well as to keep it for “posterity”.

When things do happen, it is seldom by chance.

I have been talking to you for a few weeks about these hesitations between the Great Reset carried by the gray eminences of the World Economic Forum in Davos, and the austerity policy carried by the members of the G30, which brings together the sacred world politico-economic fabric. also.

In this intellectual and economic “fight” which opposes the supporter of the great reset and the supporter of the great status quo, a point has just been made by the members of the G30 with Mario Draghi who was appointed by the Italian president to form a new govern as a coalition, and this appointment of Mario Draghi at that point in history owes nothing to chance.

Italy, an extreme danger for the euro zone!

First of all, officially, as you read these lines, Italy’s debt is 158% of Italy’s GDP.

You read correctly.

158%.

For the record and put in perspective, the Greek debt in 2010 was… only 146% !!

That of Cyprus of only 56%!

A few months later, these two countries were in virtual bankruptcy, saved from the waters by plans to ruin either the populations or the savers.

In 2012, the euro zone was on the verge of an explosion!

Super Mario !

It is with a phrase that has remained famous pronounced in the heart of the summer of 2012 that Mario Draghi “saved” the euro zone.

“The euro zone is ready and determined to do whatever it takes to preserve the euro and believe me, that will be enough”.

You can review this moment of economic history in the video below.

It is from this day that comes the legend of Draghi savior of the euro and his nickname of “Super-Mario”.

Well, saving the world when you have the printing press and you can print as you want is from you to me quite easy and not necessarily very glorious. But history is written by the victors, not by humble attic commentators like me.

In short.

Mario is back. Mission? Save Italy, Save the Euro.

And yes, Super Mario is back, a bit like Captain Flame to save not the universe, but Italy and the euro zone, because the Italian debt threatens the solvency of Italy and the sustainability of the zone. euro much more dangerously than Greece in 2011 and 2012. 10 years ago.

Mario Draghi is not there by chance.

He is the former governor of the ECB.

He is also the author of the G30 report that I tell you so much about, and it was no accident that I focused on it either.

You are going to start to understand and see certain things happening.

Some policies fall into place.

They have been calibrated for certain countries in particular which present a systemic threat to the stability of the euro area.

You know these countries.

There are Spain, France and Italy.

Spain and France can still hold out a bit.

Italy is the current weak link in the euro zone.

It is therefore in Italy that the recommendations of this G30 report, written and signed by Mario Draghi in person, will be applied with the most zeal.

Italy will serve as a laboratory and guinea pig for the economic policy defined in this 120-page report.

What will happen in Italy?

The implementation of very unpopular political and economic decisions.

The idea is to do as much austerity as possible without triggering a social revolution.

Italy will take the same path as Greece.

In 12 to 24 months, it will be the same in France.

And believe me, it will be painful.

Will the euro zone survive all of this?

In fact no one knows.

Neither Draghi, nor the other European mamamouchis.

Macron when he says that he “will be forced to do certain things that will make his re-election impossible in 2022”, knows very well what he will have to do.

He’s gonna have to cut off the morphine infusions.

From then on, the people will cry out in pain in the face of the horror of the economic crisis.

We will save the big ones and what represents systemic risks.

We will drop the little ones and those without ranks.

Social tensions will rise, until the explosion.

The question that will be asked will quickly be that of the very survival of the common European monetary project.

The next black swan is already noticeable.

It will be the Eurozone Season 2 crisis.

For those who want to learn more about Draghi’s report as he sets out to lead Italy, now is the time to check out the latest video from the Eco Grenier JT below.

For those who want to go even further, understand what is going to happen, anticipate the risks, and adapt your wealth strategies accordingly, subscribe to the Strategy letter, you will have access to more than 60 files, hundreds of pages of analysis and advice, and of course the translation of the “programmatic” report written by Mario Draghi. All the information here.

The ridge line will be very narrow.

My belief is very simple.

Remember that the consequences of bankruptcy or the consequences of the austerity policy to be pursued to avoid bankruptcy are more or less the same.

The moment of truth is approaching.

There is no free money.

Never.

The facts to come will take care of reminding everyone.

Stay tuned.

It is already too late, but all is not lost. Prepare yourselves !

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