Interesting things coming out of Italy.

Mish has been saying for a long time that some day a leader for each of the PIIGS will arise with a message of "screw lifetime indebtedness, we choose to default".  The people will see no other way but to either labor under past debt or just walk away.  And so they will walk away.  They will walk away from the EU, from their debt to Germany and France who run the ECB.  They will walk away from the Euro.  If they do this, they will have to replace it with something and the only thing people will have confidence in is real money (gold and silver bullion).  So I don't expect a new government for these places to be able to get away with offering the old deal of localized fake money to the people.  No, the new leaders will have to give up something else and I think it could mean a return to a gold standard for these nations.

Well, Mish has a follow on piece today that has a video of the the leader, Beppe Grillo who leads the up and coming Italian political party known as Movimento Cinque Stelle (English: Five Star Movement  and abbreviated locally as M5S).  Beppe is quoted:

 

"[Let's] leave the euro and we bring down this system of bankers, of scum. We are dying and need a plan B. And we are implementing it. We are plan B. This year has become a nightmare. It was never meant to be like this. We are not at war with ISIS or with Russia, we are at war with the European Central Bank [ECB]. A number of bankers tricked us out of our monetary and economic sovereignty."

Well gee!  That sounds an awful lot like what I have written in these pages many hundreds of times over the past ~5 years now.  All of the real problems come from the fact that con men called bankers have instituted a fraudulent money supply and used it to not only steal our wealth but to rob us of our freedoms.  In the case of Italy, it also robbed them of their national sovereignty as they all now bow to Germany and the ECB lest they be cut off from more loans which are needed to service the prior loans. In other words, perpetual debt slavery.  Folks, this is not an accident and it was not done by one man.  Guess what that makes it?  Yeah, I knew you would guess right: a conspiracy.

I'm surprised that the Illuminati have not killed Beppe Grillo yet because he is rightfully telling people not to be confused by the misdirection of ISIS, the activities in Ukraine (and I will throw in for good measure the Ebola scare).  These things might be real but they are small in comparison to the organized crime that is at the top of all nations.

Now, Mr. Grillo says that bankers tricked them out of their money and yes that is true.  But anyone who got tricked was a willing liberal patsy.  Conservative people did not load up on too much house debt or too much car debt or too much student debt or any other kind of irresponsible debt. We lived within our means and did not get blinded by the song and dance of the con men.  Yes, we all suffered as the liberal element of the population went out and racked up big debt in the areas where liberals tend to swarm (and then ruin and then abandon in that order...). Their greed ran the price of everything up.

Their willingness to vote for every bond issue and to support government debt creation of an un-payable nature so that they could have a better life today and not worry about the future... that willingness is what has brought us to this point in history.  So it would be fair to say that the bankers are only half to blame.  We the people should have recognized the con, having been clearly warned by our founding fathers to accept nothing but money as our currency.  Of course, the term "money" back then had the implicit understanding of being commodity money that was stamped of gold, silver and copper, all valuable metals which were in fact used to complete a transaction on the spot whereas notes are a promise to pay later.  You can read about it in the coinage act of 1792.

It starts near the bottom of that first page and then continues for 4-5 pages.  Note that on the first page it talks about the 5 officers of the mint which will strike the coins  One of them is an assayer and that position is listed right after the director.  Why does a mint need an assayer?  In order to ensure the purity of the commodity metals, be it gold silver or copper, used to strike the coins out of.  If pot metal were on the minds of our founders for use in the coins, we should not have needed that position and it would not be the second most important position in the mint.  furthermore, page 248 of the document tells exactly what quantity of commodity metal should be included in each coin denomination.  No where does it mention pot metal folks.  It is express in the fact that the coins must be made of gold silver and copper.

But the most conclusive evidence that the founding fathers of our nation required that only full weight measures of properly pure commodity metals be used for our coinage comes in section 19 which I have pasted below because it is such a damning indictment of the con men who have completely debased our currency so that it has no commodity metal content at all.  This section makes debasement of the coinage a felony which carries the death penalty:

Folks, there is a reason why this was done.  It is because debasement of the currency has historically been the way that con men take over a country.  It is literally treason.  It is also forced enslavement.  Both of these things are so horribly damaging to the ability of a society to function that committing them is good cause to end the perpetrator.  I know that people have rolled their eyes in the past when I have written that what has happened to our money supply rises to the level of treason and high crimes against humanity.  I know that people think I am a bit "off" for suggesting that those responsible warrant the death penalty.  But once you understand the real implications of the grand con, you realize that the crimes of debasement is so wide ranging and far reaching that it boggles the mind.  Nobody is unaffected by it and many people are driven to kill themselves or their families after having lost it all and thinking they have nothing left to lose.  If we live by the laws of the coinage act of 1792, every member of the federal reserve is guilty of the perpetuation of debasement of our currency.


So the real con that Grillo needs to address if Italy bails on the Euro is that of fake money.  Because real money is commodity money, not promises to pay commodity money some day.