Italy has 3rd largest gold reserves in the world Central Bank and politicians are scrapping over who actually owns it Wild story in front page of FT today image

Replies (22)

Eryone’s a socialist til they come for ur real/hard assets😳 ….that’s when u find out who in that foxhole ⭕️ feces (ie EU) was never really barefoot like they tolt u they were🤔🤦🏽‍♂️🤷🏽‍♂️😂⭕️ image
G's avatar
G 2 weeks ago
Gangsters in suits
Propping up social services without raising taxes and paying down debt are probably the third and second best thing a European government can do at this stage. The best course of action would obviously be to distribute the gold among taxpayers in relation to taxes paid over their lifetimes. That or dump the euro for a gold-backed Italian currency, say, the "lira d'oro" for instance.
Wild though that would make theirs's the 2nd largest reserve. The German gold is gone. Even the auditors were denied access by the Fed with "trust us bro". In fact after the incident Germany demanded the return of X tons of the reserves stored with the Fed only to receive FRENCH bars months later. It's a big story from a few years ago worth checking out.
Default avatar
Quackman 2 weeks ago
One has to wonder why they’ve suddenly decided to rekindle a decade old effort..
image The systematic dismantling of Italy's economic sovereignty and its pillage—once the world's fourth-largest economy in the 1980s and 90s—was accomplished by the global banking cartel through the collusion of corrupt civil servants and politicians, including Andreatta, Monti, Draghi, Amato, Ciampi, Prodi, and Napolitano, in several key phases: 1. In 1981, Andreatta and Ciampi removed the state’s critical leverage over the Bank of Italy, preventing it from monetizing public debt—a common practice of sovereign central banks like the U.S. Federal Reserve. From then on, Italy was forced to borrow from international markets at increasingly higher interest rates, leading to unsustainable debt growth. This mechanism has been used to blackmail Italy whenever issues of sovereignty or independence from Europe arise. A clear example occurred in 2011, when the Berlusconi government was threatened after suggesting a potential exit from the Euro. The ECB sent the infamous now-leaked Draghi-Trichet letter, demanding strict structural reforms in exchange for bond market support, effectively placing Italy under an IMF-style conditional regime. The manipulated widening of the Bund-BTP spread ensued, and Berlusconi was soon replaced by the technocrat Mario Monti, a puppet of the banksters cartel. 2. Subsequently, Amato, Ciampi, Prodi, and Monti—acting in alignment with global banking interests—oversaw a sweeping privatization of Italy’s largest state-owned banks, transferring their ownership to the global banksters cartel. 3. As a direct result, control over the Bank of Italy—previously held indirectly by the state through those national banks—was effectively handed over to private banking interests. 4. Along with it went all its assets, including the substantial gold reserves accumulated by the Italian state over decades. 5. It is therefore legitimate for Italians to seek the recovery of their national gold reserves before the ECB and the global banksters’ cartel can appropriate them. View quoted note →
The systematic dismantling of Italy's economic sovereignty and its pillage—once the world's fourth-largest economy in the 1980s and 90s—was accomplished by the global banking cartel through the collusion of corrupt civil servants and politicians, including Andreatta, Monti, Draghi, Amato, Ciampi, Prodi, and Napolitano, in several key phases: 1. In 1981, Andreatta and Ciampi removed the state’s critical leverage over the Bank of Italy, preventing it from monetizing public debt—a common practice of sovereign central banks like the U.S. Federal Reserve. From then on, Italy was forced to borrow from international markets at increasingly higher interest rates, leading to unsustainable debt growth. This mechanism has been used to blackmail Italy whenever issues of sovereignty or independence from Europe arise. A clear example occurred in 2011, when the Berlusconi government was threatened after suggesting a potential exit from the Euro. The ECB sent the infamous now-leaked Draghi-Trichet letter, demanding strict structural reforms in exchange for bond market support, effectively placing Italy under an IMF-style conditional regime. The manipulated widening of the Bund-BTP spread ensued, and Berlusconi was soon replaced by the technocrat Mario Monti, a puppet of the banksters cartel. 2. Subsequently, Amato, Ciampi, Prodi, and Monti—acting in alignment with global banking interests—oversaw a sweeping privatization of Italy’s largest state-owned banks, transferring their ownership to the global banksters cartel. 3. As a direct result, control over the Bank of Italy—previously held indirectly by the state through those national banks—was effectively handed over to private banking interests. 4. Along with it went all its assets, including the substantial gold reserves accumulated by the Italian state over decades. 5. It is therefore legitimate for Italians to seek the recovery of their national gold reserves before the ECB and the global banksters’ cartel can appropriate them. image
MrTea's avatar
MrTea 2 weeks ago
Not your vault, not your metal