Tag Archives: global Economy

Caveat America

This is the third post I have made concerning what may be a cruel yet ingenious plot to advance itself in the global order by China. Call it a conspiracy theory if you choose. However, the more I research and learn, the more I honestly believe it not to be a theory at all. But then, that’s for you to decide. However, I would appreciate your comments, and if you like the post please click on the like symbol. Thank you and please be safe, be strong.

ITALY’S  RECIPE FOR DISASTER

Published March 24, 2020 | By Giacomino Nicolazzo

Giacomino Nicolazzo is one of Italy’s most beloved writers.  Born and raised in Central Pennsylvania USA, he lives in a small village in Lombardy where he writes his books.

commie-recipe-for-disaster

Montecalvo, Lombardy, Italy. As I sit here in my involuntary isolation, it was just reported that overnight 743 more people died and 5.249 new cases have been reported. This brings the total cases of infection to 69,176 and the body count to 6,820. We take relief in knowing that 8,326 people have recovered so far. (Numbers as of 3/24, 8:30 pm in Italy.)

Most towns here in Italy, from the upper reaches of the Alps to the ancient shores of Sicilia (sic) and Sardinia, while not deserted, are closer to being ghost towns than the bustling centers of tourism, business and daily life they were just a few weeks ago.

Stores and shops have been shuttered. Restaurants and coffee shops no longer serve customers. Schools, universities, sporting arenas…even our museums and theaters…all closed. Even the Vatican City has closed its gates and armed patrols monitor the 20 foot tall walls that protect it!

Streets and roads are now empty for as far as the eye can see. Normally they would be filled with crazed Italian drivers in tiny cars and scooters (the ones that sound like demonic insects) darting here and there, reaching the limits of centrifugal force on our roundabouts. In the piazze (sic) of our towns and cities, there are now officially more pigeons than people.

Many of us know someone who has been infected and recovered. Some of us know someone who did not recover…now they are dead. But everyone knows someone who has been affected by this microscopic monster in one way or another.

Sixty million of us are in lock down…it is like a war zone here. We are being held prisoner in our own homes by an unseen enemy that sneaked in unnoticed…by most of us. As you will read in just a few more minutes, there were those who knew something like this was coming…or at least they should have.

So who is to blame? With all this craziness swirling like a whirlpool at our feet, I just had to find the blame answer. And so I have spent my free time (of which I have a lot in these days) digging and researching. I was literally shocked to discover how this has come to be.

I am not going to bore you with talk of Patient ‘0’ who spread it to Patient ‘1’ and how mathematics efficiently explains the rapid expansion of infection. No…I am going to tell you how (as I see it) the virus came to Italy.

It has everything to do with communism. Allow me to explain.

Beginning in about 2014, Matteo Renzi, the imbecile ex-mayor of Firenze (Florence) acting as the leader of the Partito Democratico (synonymous with the Italian Communist party), somehow managed to get himself elected as Italy’s Prime Minister. To give you a proper frame of reference, Matteo Renzi was so far left, he would make Barack Obama look like Barry Goldwater!

At the same time that Renzi was leading Italy into oblivion, strange things were happening in Italy’s economy. Banks were failing…but not closing. Retirement ages were being extended…for some reason the pension funds were dwindling or disappearing. The national sales tax we call IVA (Value Added Tax) rose from 18% to 20%, then to 21% and again to 22%.

And in the midst of all this financial chicanery, the Chinese began furiously buying up Italian real estate and businesses in the North.

Now the reason I mention Renzi and the Chinese together is that strange things were also going on between the governments of Italy and China. A blind eye was being turned to the way the Chinese were buying businesses in the financial, telecommunication, industrial and fashion sectors of Italy’s economy, all of which take place in Milano (sic)

To be brief…China was getting away with purchases and acquisitions in violation of Italian law and EU Trade Agreements with the US and the UK…and no one in either of those countries (not Obama in the US or Cameron in the UK) said a thing in their country’s defense. As a matter of fact, much of it was hidden from the public in all three countries.

In 2014, China infused the Italian economy with €5 billion through purchases of companies costing less than €100 million each. By the time Renzi left office (in disgrace) in 2016, Chinese acquisitions had exceeded €52 billion. When the dust settled, China owned more than 300 companies…representing 27% of the major Italian corporations.  WOW!

The Bank of China now owns five major banks in Italy…all of which had been secretly (and illegally) propped up by Renzi using pilfered pension funds! Soon after, the China Milano Equity Exchange was opened and much of Italy’s wealth was being funneled back to the Chinese mainland.

Chinese state entities own Italy’s major telecommunication corporation (Telecom) as well as its major utilities (ENI and ENEL). Upon entry into the telecommunication market, Huawei established a facility in Segrate, a suburb of Milano. It launched is first research center there and worked on the study of microwaves which has resulted in the possibly-dangerous technology we call 5G.

China also now owns controlling interest in Fiat-Chrysler, Prysmian and Terna. You will be surprised to know that when you put a set of Pirelli tires on your car, the profits are going to China. Yep…the Chinese colossus of ChemChina, a chemical industry titan, bought that company too! I did not know any of this, did you? I just bought new tires for me Mini Cooper and it called for Pirelli — damn it!

Last but not least is Ferretti yachts…the most prestigious yacht builder in Europe. Incredibly, it is no longer owned by the Ferretti family.

But the sector in which Chinese companies invested most was Italy’s profitable fashion industry. The Pinco Pallino, Miss Sixty, Sergio Tacchini, Roberta di Camerino and Mariella Burani brands have been acquired by 100%.

Designer Salvatore Ferragamo sold 16% and Caruso sold 35%. The most famous case is Krizia, purchased in 2014 by Shenzhen Marisfrolg Fashion Company, one of the leaders of high-priced, ready-to-wear fashions in Asia.

Throughout all of these purchases and acquisitions, Renzi’s government afforded the Chinese unrestricted and unfettered access to Italy and its financial markets, many coming through without customs inspections. Quite literally, tens of thousands of Chinese came in through Milano (illegally) and went back out carrying money, technology and corporate secrets.

Thousands more were allowed to enter and disappeared into shadows of Milano and other manufacturing cities of Lombardy, only to surface in illegal sewing shops, producing knock-off designer clothes and slapping ‘Made In Italy’ labels on them. All with the tacit approval of the Renzi government. How many things are made in the USA by companies owned or majority owned by the Chinese so it carries the label “Made in the USA”? What about all the medicines and prescription drugs are made by the Chinese’s. How stupid we must be.

It was not until there was a change in the governing party in Italy that the sweatshops and the illegal entry and departure of Chinese nationals was stopped. Matteo Salvini, representing the Lega Nord party, closed Italy’s ports to immigrants and systematically began disassembling the sweatshops and deporting those in Italy illegally.

But his rise to power was short-lived. Italy is a communist country…socialism is in the national DNA. Ways were found to remove Salvini, after which the communist party, under the direction of Giuseppe Conte, reopened the ports. Immediately, thousands of unvetted, undocumented refugees from the Middle East and East Africa began pouring in again.

Access was again provided to the Chinese, under the old terms, and as a consequence thousands of Chinese, the majority from Wuhan, began arriving in Milano.

In December of last year, the first inklings of a coronavirus were noticed in Lombardy…in the Chinese neighborhoods. There is no doubt amongst senior medical officials that the virus was brought here from China. By the end of January 2020 cases were being reported left and right. By mid-February the virus was beginning to seriously overload the Lombardy hospitals and medical clinics. They are now in a state of collapse.

The Far-Left politicians sold out and betrayed the Italian people with open border policies and social justice programs. One of the reasons the health care system collapsed so quickly is because the Renzi government (and now continued under the Conte government) redirected funds meant to sustain the medical system, to pay for the tens of thousands of immigrants brought in to Italy against the will of the Italian people.

If you remember the horrible earthquake that decimated the villages around Amatricia, in the mountains east of Rome in 2015, you would also remember how the world responded by sending millions of dollars to help those affected. But there is a law in Italy that prevents private donations to charitable Italian organizations. All money and donations received must be turned over to a government agency, who in turn is to appropriate the funds as needed. But that agency is corrupt just as are all the others.

Most of the money never reached a single victim in the mountains. The Renzi government redirected the vast majority of those funds to pay for the growing immigrant and refugee costs.

As the economy worsened under the burden of illegal immigration, compounded by gross government spending and incompetence, unemployment rose quickly…especially among young people. The unemployment rate for men and women under age 35 is close to 40%. So more money was diverted from the health care system and used to pay what is known here as guaranteed income. Whether you work or not you are paid here, especially if you belong to the PD! The government simply raises taxes on those who do work.

Let me give you a quick example of the height of insanity to which Italian taxation has risen. If you live in a building that has a balcony or balconies…and any of those balconies cast a shadow on the ground, you must pay a public shadow tax! I will say no more!

The point I am trying to make here is that not only did the Chinese bring the virus to Italy (and the rest of the world) it was far-Left politics and policies that facilitated it.

This should hopefully be a warning to Americans that while they work to rid themselves of the China Virus, they should just as vehemently endeavor to rid their government of any politician that circumvents the Constitution and ignores the laws of the land…plain and simple. Amen!!!

The question is will be take heed and bring back our rule of law and the constitution? Are we strong enough to fight this? Are we strong enough to take back our country from the democrats and their millennial crowd, which includes the MSM?

 

 

Originally posted 2020-04-12 10:11:13.

Hidden in Plain Sight

Well, it’s Saturday and we wonder what the scum swamp creatures are up to? There’s not telling, nothing surprises me any more. Just read where the VP is not very well liked throughout the nation among both parties. Well, that’s no surprise since she only got 3% of the votes in the Dem primary amongst all those other duds.  

Anyway, I digress and as you know I have chosen to not post any more about Joe and the “other” ones. 

Today’s post is another from my good friend and frequent contributor Greg. Thank you sir.

By: G. Maresca

Jimmy Carter is a retired peanut farmer and among historians is arguably one of the nation’s most maligned chief executives.  Current White House occupant Joe Biden has a trillion-plus-dollar “infrastructure bill” with only peanuts set aside for actual infrastructure that has the potential to change the relationship between government and the economy.

Democrats, beginning with FDR and the New Deal, refer to “infrastructure spending” as if it’s the magic elixir that will solve all of the nation’s fiscal and economic trials.

Back during the Carter years, we had gas lines, but they were not the result of a disabling cyberattack that occurred with the Colonial pipeline that was felt nearly instantaneously.  The circumstances may have been different, but the results were equally as devastating.

Owning a piece of the pipeline attack is the politically charged FBI and CIA and a socially woke corporate America that failed to secure and protect such sensitive infrastructure.

This latest manmade disaster only underscores how America’s enemies understand how vulnerable our infrastructure remains.  It is only a matter of time before another strike comes to fruition, but rather than shutting down a regional pipeline, how about hacking in and disabling the nation’s electric power grid?  Try going without electricity for a week and given the dated nature and vulnerability of our grid, the possibilities are not unthinkable.

One of the key ingredients why infrastructure gets neglected, or in many cases ignored, is that there remains little to no political pay-off to upgrading airports, repairing potholes or replacing bridges.  Juxtapose that to spending the same money building community centers, creating rails to trails and upgrading public swimming pools.  Such ribbon-cutting events provide politicians with plenty of favorable and free publicity. Nobody holds ribbon-cutting ceremonies for upgrading and securing computer software, milling roadways, and replacing sewer lines.

The threat of the power grid crashing like it did in Texas over the winter is quite real, but preventable.  Most, however, have no idea the severity of vulnerability under which we live.

The Task Force on National and Homeland Security is comprised of citizens, engineers, and field experts concerned about the vulnerability of our critical infrastructures.  It is an official Congressional Advisory Board that receives no federal funding and operates exclusively on donations. They have reported to Congress on several occasions that in the event of an Electro Magnetic Pulse attack, 70- 90% of Americans could be dead within a year.

And you thought COVID-19 was bad.

Minor negligence has a way of resulting in major consequences. As our country’s infrastructure continues to age — something America takes for granted — we will see more foundational systematic breakdowns.  Being attentive to our country’s infrastructure by advocating for its continued improvement is critical when it comes to working toward the common good and is everyone’s responsibility.

Why does it take several years to replace a bridge, when the Empire State Building was constructed in two years and during the Great Depression?  It is little wonder that Americans have lost faith in government institutions.

Government-funded projects often fail to live up to their lofty intent.  The problem is not that tax dollars are not being spent, but rather the money is being allocated and managed so poorly.  While it may sound costly, building resilient infrastructure will save plenty of money over the long term as it invests in the future.

Allow state and local governments to raise and spend money for their own projects making the case for what they really need, while freeing them from the tedious strings that always come attached to federal subsidies.

Infrastructure, like anything else in the physical world deteriorates and needs not only to be maintained, but at times, upgraded and improved.  It is important that elected officials understand public works are not just a short-term inducement or a vehicle for politically driven job creation.  The goal should be to create the best and broadest necessary infrastructure for the most responsible price.

Transforming and securing our national infrastructure is the best kind of financial stimulus since it supports all economic avenues.  There is no reason why we cannot build a better and smarter future for our children’s and grandchildren’s generation.

The nation’s subsistence depends on it.

Do some due diligence and you will be utterly shocked at how little money in that bill is actually going to fix our infrastructure. I did. WOW! How do you spell immigrants?