The bankers hate this guy. The Italian people love him. After watching this video, you’ll know why the banking cabal hate him.
In 2010, he started a political movement called “Movimento 5 stelle” (“Five Stars Movement”), without the desire to be a leader and to be elected, but only to join, by the Internet, people who believe in ideals like honesty and direct democracy, and saying that politicians are only subordinates of the people and that they should work for the country only for a short time. They should not have criminal records, and should focus on thinking about the problems of the country without any other conflicts of interest. The movement became a party with electoral prospects in the 2010 regional elections, with four regional councillors elected. The party made further gains at the 2012 local elections, receiving the third highest number of votes overall and winning the mayoral election for Parma. At the 2013 general election the party won 25.55% of the vote for the Chamber of Deputies . The “Movimento 5 stelle” (“Five Stars Movement”) is the first party (but not the first coalition) in the Chamber of Deputies.
Administrator says:
Italy is an economic basket case at this point, and the political gridlock in Italy is certainly not helping matters. Former comedian Beppe Grillo’s party could potentially tip the balance of power one way or the other in Italy, and over the weekend he made some comments that are really shaking things up over in Europe. For one thing, he is suggesting that Italy should hold a referendum on the euro…
“I am a strong advocate of Europe. I am in favor of an online referendum on the euro,” Beppe Grillo told Bild am Sonntag.
Such a vote would not be legally binding in Italy, where referendums can only be used to repeal laws or parts of laws, but would carry political weight. Grillo has said in the past that membership of the euro should be up to the Italian people.
In addition, Grillo is also suggesting that Italy’s debt has gotten so large that renegotiation is the only option…
In an interview with a German magazine published on Saturday, Mr Grillo said that “if conditions do not change” Italy “will want” to leave the euro and return to its former national currency.
The 64-year-old comic-turned-political activist also said Italy needs to renegotiate its €2 trillion debt.
At 127 per cent of gross domestic product (GDP), it is the highest in the euro zone after Greece.
“Right now we are being crushed, not by the euro, but by our debt. When the interest payments reach €100 billion a year, we’re dead. There’s no alternative,” he told Focus, a weekly news magazine.
He said Italy was in such dire economic straits that “in six months, we will no longer be able to pay pensions and the wages of public employees.”
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4th March 2013 at 11:34 am
anotherjuan says:
it was 1999 when salvadoran evangelist lino lopez, speaking much like this guy, said, you have a garage full of junk and you have a storage rental full of more junk…..you pride yourself in your riches but God can take that money out of the US and what will you do then?
it was a curious question, one we had not considered, that the greatest nation on earth could go broke.
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4th March 2013 at 11:42 am
card802 says:
We never learn from history, even recent history. It took ten years of debt accumulation and government intrusion to destroy Argentina’s peso.
On a hunting trip there last year we visited Buenos Aires, Gualeguaychu, Montevideo and Santa Rosa, while everything seemed fine, I was warned repeatedly by our guide not to walk around by myself in the city.
He said 100% chance I will be robbed, 80% chance of a beating, if I resist a good chance of a near death experience. And this is a decade after their economy collapsed.
Makes me wonder what America will be like?
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4th March 2013 at 11:58 am
AWD says:
Why aren’t there more guys like this in the world, and here in particular? All the have are bought and paid for criminal politicians, bought and paid for media, and the Fed blowing bubbles that will wipe out everyone that isn’t a billionaire. It’s so obvious what’s going on, yet nobody does anything. Good for Grillo, I hope he can get the people off their asses and get the banksters and debt out of Italy before it collapses along with the rest of Europe and everywhere else.
Or not,
Italian Economic Health Worst Since Mussolini
Submitted by Tyler Durden on 03/04/2013
Italian debt jumped in 2012 to 127 percent of gross domestic product from 120.8 percent a year earlier. As Bloomberg notes, that’s the most since 1924, when Mussolini won 64 percent of the popular vote in elections that opposition members said were marked by irregularities. While the only irregularities in the current election were the electorates dismissal of the status quo – as Monti’s policy mix prompted 25 percent of voters to back the anti-austerity stance of comedian-turned-politician Beppe Grillo’s Five Star Movement, which was the single most voted party in the country – it appears people have misunderstood the concept of austerity as spending has risen almost 3% in the last three years and taxes have not kept pace.
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4th March 2013 at 12:10 pm
Stucky says:
A COMEDIAN is looking to run an entire country????
Then again, it it works in the USA …..
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4th March 2013 at 1:00 pm
anotherjuan says:
there is no plan devised that cannot be abused. when the abuse becomes too popular, it requires a change, typically called reform. the european union will have to be reformed since several countries have resorted to abusing the system.
putting a country on the euro is the similar to doing away with personal bankruptcy in this country, the euro forces a country to limp along without recourse to devaluation much like bankruptcy prevents a person from a fresh start
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4th March 2013 at 1:50 pm
anotherjuan says:
grillo makes a point that i’ve read here before, whose debt is it? if my signature is not on the debt document, why do i have to pay it? and if my siganture is there, wouldn’t i know what i spent it on?
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4th March 2013 at 1:54 pm
Stucky says:
Beppe is a very very funny guy.
But Beppe ain’t saving Italy.
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4th March 2013 at 5:39 pm
Joe says:
Grillo is a satirist and understands politics. I am not sure Italy would be any better run with the their own currency but at least they could devalue when needed.
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4th March 2013 at 6:40 pm
Anonymous says:
When was the last time our creditors were repaid the debt we (as a nation) owe? Despite the fact that they have never been repaid, they keep loaning us money.
Suppose you had a child or a friend who kept borrowing money from you over the years but never or rarely paid you back. After five or six years you finally take them to court in an attempt to recover what you clearly know they cannot repay. What do you think the judge might do?
I have two friends who found themselves in similar situations and the judge told them that after not being repaid for the first few loans, they had no reasonable expectation of being repaid on any further loans. A judgement was issued in their favor but only for the first few loans. They had to eat the rest of it.
Why can’t the US do they same fucking thing to the FED? The FED is currently acting as buyer of last resort purchasing in excess of 65% of our current Treasuries which are backed only by the full faith and credit of the US Govt. I believe the faith and credit ship left the harbor decades ago. It seems to me that the majority of our debt could be wiped out in exactly this manner.
Perhaps someone can explain what the FED might do if we went this route?
I_S
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4th March 2013 at 10:54 pm