Smashing Defeat of EU Oligarchy in Italian Referendum

An earthquake, this time a political one, came Sunday night from Italy, where voters — according to early results — rejected the EU-dictated constitutional reform with an overwhelming majority of 60% to 40%.

After Brexit and the anti-Obama/Hillary Clinton vote in the U.S.A., this is the third shock to hit and it has European-wide and global implications.

A turbulent phase has now been opened. Prime Minister Matteo Renzi is expected to resign today and a pre-announced speculative attack against Italian assets will be unleashed. This can precipitate a banking crisis which can rapidly spread contagion throughout the entire financial system.

Italy will shortly face a choice: either impose financial fascism or leave the euro and implement national emergency legislation. It is possible that new elections will be held in a short period, on the backdrop of such a crisis.

This entry was posted in LPAC, new paradigm and tagged , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s