I have often spouted about the financial coup in Europe. That illusion, our so called democracy, has been replaced by an unelected leader in two European countries, first Greece and then Italy, and in both cases the new "leaders" are referred to as technocrats. As far as Europe is concerned, Greece is a small fry economy, never the less, its elected government was removed because the Prime Minister had the audacity to suggest a referendum on the country's finances, Italy, on the other hand is a major player in the European economic league and it is significant that in the later case it is a Goldman Sachs man that has taken the reins. Goldman Sachs stand to go belly-up if the major countries in Europe default on their sovereign debt, So that can't be allowed to happen, the public will be screwed as every penny of public spending will be re-directed towards the national “deficit”, that must be paid or Goldman Sachs is no more, and with the power they wield over the political classes, they will make sure it is paid. Getting rid of the elected government when there is a risk of them not throwing the taxpayers money at the deficit fast enough, is just the natural step for them, we can expect more Goldman Sachs coups in Europe as the sovereign debt crisis deepens.
You don't need elections -- I'm a technocrat.
You'll find a more detailed explanation than my personal rant, HERE. A short extract follows.
Continue readingThe ascension of Mario Monti to the Italian prime ministership is remarkable for more reasons than it is possible to count. By replacing the scandal-surfing Silvio Berlusconi, Italy has dislodged the undislodgeable. By imposing rule by unelected technocrats, it has suspended the normal rules of democracy, and maybe democracy itself. And by putting a senior adviser at Goldman Sachs in charge of a Western nation, it has taken to new heights the political power of an investment bank that you might have thought was prohibitively politically toxic.
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