Beppe Grillo's Blog

The sunset of the West

The crisis of the Irish banks is no novelty, no more than the one in Greece was and just as the crises to come in Portugal, Italy and Spain won’t be. It’s a matter of months. Each time there’ll be shock like there is when there’s a sudden summer thunderstorm. Yesterday Merkel announced that the crisis is extremely serious and that the Euro is at risk. And we who didn’t know that … Politicians give bad news only if they are obliged to. They wait until the last possible moment, to save us from useless suffering. To have a discussion about Ireland, or at the beginning of 2010, of the default by Greece, is equivalent to concentrating on the hole in a holy bucket. The colander is the whole of the West that is collapsing under the weight of its public debt that has increased by an average of 50% in twenty years. The emerging countries, the so-called BRIC countries: Brazil, Russia, India and China, have a limited public debt and they are buying up the debt from the West. If China were to sell all the American State bonds that it owns, with a value of 883.5 billion dollars, the United States could collapse.
The world is shifting to the South and to the East. The GDP of the BRIC countries is about to be greater than that of the G6 (Germany, Italy, France, United States, Great Britain e Japan). The BRIC countries have a very low public debt to GDP ratio: Russia 6%, China 18%, Brazil 45%, India 59%. Just think, Italy’s is 118% with 80 billion euro in annual interest to be paid, a figure that would kill an elephant. The United States are about to reach the Everest of 14,000 billion dollars of public debt compared to 6,000 billion in 2002. In the past, wars were fought with weapons, today they are fought with public debt. Whoever buys your public debt becomes your master.
The United States, the most indebted country, Is responsible for 50% of the world’s military spending. An enormous amount. Russia, the historical antagonist, is spending 3.5%. The United States is transforming the debt into weapons. So basically anyone buying United States stocks is financing the war in Afghanistan and the military bases of Dal Molin of Vicenza and of Okinawa where they have been settled in for 65 years. The Roman Empire collapsed under the attack of the barbarians at its borders. Its legions withdrew from the Rhine and from Britain. Perhaps the United States will follow the same idea because of the economic impossibility of keeping 716 military bases in 40 countries. Ireland is a symptom of the sunset of the West overcome by its public debt. Winter is arriving for the European and American cicadas and outside its getting colder still.

The Calendar of Lay Saints 2011
Hundreds of homicides and dozens of slaughters in the post-war period have still nobody identified as the perpetrator. How many people know who did it and yet remain silent?
And it’s this that nourishes the Power, the indifference of the Italians.
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Comments

It is becoming depressingly evident that our elected politicians in the Western Governments have been totally incompetent. It is inconceivable that anyone can mismanage the housekeeping on such a massive scale building up such huge debts without realizing that it was not sustainable while ignoring that economic and political power is shifting eastwards and in some respects southwards. Globalization and the removal of monetary controls allowed the banks and financial markets to run the economies for the benefit of themselves, not only stealing our money but moving it into offshore banks in tax havens to avoid tax. All this with the tacit approval of politicians seduced by their wealthy donors into granting them favorable tax breaks. the result is that millions of workers risk losing their jobs and homes to keep the privileged elite in the luxury manner in which they have become accustomed.
It is time for everyone to read my report sent to European and U S political leaders: "A Moral Path to Recovery." It can be read on my blog: www.pfieldman.blogspot.com. It provides a solution for change that would lead to a fairer society. If nothing is done we are going to face civil unrest and the destruction of our societes.

Posted by: peter fieldman | November 25, 2010 09:55 AM

Posted by: peter fieldman | November 25, 2010 09:54 AM

80 billion euro taken from your pocket and gently paid by our government to BankItalia S.p.A.

Quite like Robin Hood, let us steal from the poors to give it to the rich, while you keep voting for PDL or PDminusL, both bought off long time ago.

Not to mention that the Carbon Tax is exactly the same thing, more subtle, if you like, so that average ignorant folks keep paying Big Berlusconi and none of that money actually goes to save the planet.

Anyone asked himself why there is no more "Global Warming" and no more "Hole in the Ozone"? Now is it called now "Climate Change Scam"?

By the way, give me all your money and I will choose what is best for you, usually slavery.

Do you have long term food, a good water filter, weapon to defend your family and gold/silver?

People of the world, enlight!

Posted by: Steve Stones | November 24, 2010 09:37 PM

Yes, what signore Grillo says is true, except that in the united states, it isn't happening. The only reason I can think of is that the Empire is the Empire, and it has all those weapons, and its level of consumption is why the BRICs are doing so well -- well maybe. I can't imagine what china would do with a trillion worthless dollars! But let's cross our fingers, maybe it will happen in the us --lord knows we deserve it.

But what I don't understand is that after seeing the obscene cuts in jobs, pensions and social programs, and the criminal tax increases in greece and now ireland (everyone knows what's coming!), there is almost no opposition, at least of the magnitude that there ought to be! The greeks, at least, had the decency to riot a little, but so far there's nothing like that in ireland, and when the tsunami hits italy, will the decomposing left find new life following the walking dead bersani? I mean, we're only talking about the greatest robbery in the history of the world! If people won't stand up to this, they won't stand up to anything.

I think it was marx who said that corporations don't have a homeland, and he knew a thing or two.

Posted by: peppino vallesi | November 24, 2010 08:15 PM