Wednesday, Jul 30, 2008
Italy is sliding into a deep structural crisis and risks being forced out of Europe's monetary union as the region's economic downturn gathers pace, according to a new report by Capital Economics.
telegraph: Growth slump may force Italy out of eurozone
Italy can at least take some comfort that other euro members are feeling the strain too, reducing the risk of EMU break-up. France's Insee consumer confidence plunged to a 21-year low in July.The epicentre of the unfolding crisis is Spain, where the number of houses built this year is expected to collapse by half from the 760,000 constructed in 2007 at the peak of the bubble. Spanish unemployment is rising by almost 70,000 a month, touching 10.6pc at the end of the fourth quarter. However, Spain has a much small public debt than Italy.
Posted by big chris @ 12:31 AM (469 views) Add Comment
9 Comments
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1. planning4acrash said...
Our greatest hope would be country's being forced out of the Euro Zone. Wouldn't it be sweet irony for the authors of Corporate Fascism (Mussolini) to take the first fall. Maybe its the arrogance and insular nature of the bureaucracy in Italy?! The Mafia, the now corrupt Catholic Church, and the totally corrupt government, owned by the guy who owns all then media.
2. sold 2 rent 1 said...
All Western high debt-based economies will crash, transfering massive power to Eastern low debt economies.
This is Calleman's model working as he predicted.
P4AC,
"now corrupt Catholic Church"
Yes. The Vatican is at the heart of the NWO
3. planning4acrash said...
But, and this is what's scary. NWO, if they achieve their oil wells in indonesia and russia, will cause, or be capitalising on that shift. Cause or effect? Its an important question. Its the difference between Calleman being NWO or being on our side.
4. renting2 said...
p4ac @ 3 - Sorry but this statement just proves to me that you'll always be looking for conspiracies, even when you look in the mirror.
5. sold 2 rent 1 said...
renting2 & P4AC,
"Sorry but this statement just proves to me that you'll always be looking for conspiracies, even when you look in the mirror"
You have a point, renting2 , but after the exposure of Alex Jones as having a possible link to the CIA, you have to question everything.
Remember the holding company to his radio station is GENESIS COMMUNICATIONS NETWORK
This is significant because GENESIS = Genes of the God of Isis, which is very significant in Pagan/evolution circles.
I need to do more research here.
Alex Jones videos, once you can accept them, actually generate fear.
We know fear empowers the enemy to have control over you.
Calleman stands almost alone with his 28 Oct 2011 end date, and all other Mayan Calendar "experts" talk about 21 Dec 2012.
These guys controlling us have such a big advantage
1. They have patience (they have been waiting 1000s of years)
2. They have the knowledge over us
3. They are willing to make any and all sacrifices to win
The clue for identifying agents is in what they don’t say.
6. Peeps said...
Just Ambrose at it again. The Euro will not fail because it will not be allowed to. The poorer states will socialise their losses onto the wealthier ones, just as Germany socialised the cost of reunification by European Monetary Untion.
7. planning4acrash said...
S2R, looking ahead, Alex is planning a pro 9/11 Truth and anti Iran war event with Willie Nelson. Now. Its to be in October, coinciding with the beginning of the 6th Day. He says that it will be like Woodstock. Big claim. The news also comes on the moment that the guy behind energy non crisis states that Iran will not be hit by war, but will be bankrupted by a crashed oil price, thus hitting the entire Middle East. Is Alex's gig a co-incidence, following the Mayan timetable? Or is it a NWO event protesting about an event that no longer matters (its consequences complete) and another that won't happen at all? I personally think, like you, that the real movement must take knowledge from those two issues, but focus on the planned agenda. In reality, they should have an anti North American Union concert and a pro-constitution event.
8. planning4acrash said...
BTW, I'm not convinced that Alex is disinfo. But I always keep an open mind.
9. techieman said...
Peeps i think some West Germans might disagree with that!! Since they have been paying a special tax for it ever since. Oh and "the Euro will not be allowed to fail..." hmmmm. Not saying it will neccesarily - altough that depends on your definition (i.e. withdrawal of non Franco-German states might not be judged as a failure) but to say it wont be allowed??? Is that the same as saying house prices wont be allowed to crash (how many times did we hear the bulls say that?).