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renziAs my dear and loyal readers have been informed, the next RED LETTER DAY for the advancing NORMALIZATION PROCESS™ is December 4, Anno Domini 2016. It is on this day that the Austrian electorate will be going to the polls to re-cast their ballot in the re-run of the second round of the Austrian Presidential election. Provided that the glue holds the seals on the envelopes this time, that is… (see here)

But by far the most important EVENT that will be taking place on December 4, 2016 A.D. is a REFERENDUM, i.e. the Italian Referendum. In order to give my dear readers a primer as to the importance of the Italian Referendum and its downstream EFFECTS, I am re-posting a good article via the catholic Zero Hedge website. What this post does very well is set out the “STATE OF PLAY” that is the OBJECTIVELY REALITY in Italy at present. (see here)

Further to the information provided below, what makes this REFERENDUM of major significance to us as Catholics, is that by its DESIGN, it is in FACT a NO-WIN SITUATION for the proponents of what we term here on this blog as just another FAILED NEO-MODERNIST EXPERIMENT. What make this situation funny and at the same time very informative, is that it is a perfect example of what happens when a complete and utter dimwit is made the head of a major institution, such as a national government… or an ECCLESIASTICAL organization for example.

Please allow me to explain.

The Italian Government is headed by a gentleman named Matteo Renzi. What Renzi has been able to achieve is that he has been able to become the Prime Minister of Italy without winning an election. The manner in which he was able to become the PM of Italy is on account of the FACT that a former Italian Central Bank President, one Mario Draghi, led a coup d’tat against the then properly elected Italian Government and its Prime Minister, one Silvio Berlusconi. This coup d’etat created a vacuum and the rest is as they say: history.

The manner in which this vacuum was created  was through the now president of the European Central Bank, one and the same Mario Draghi, and his refusal to support the Italian bond market when it was crashing in 2011. And since the Italians have a problem with debt, i.e. they have too much debt, any increase in the interest that they pay to service this debt is a …. matter of life and death for any Italian government.

I will stop here with the economic aspects of this “Italy specific” et Invisibilium issue, and the how’s and why’s of why the coup d’etat was orchestrated, but you can read this at the following link HERE.

Back to the POLITICS. The reason that Berlusconi had to be removed is that he threatened to take Italy out of the Euro currency. This was enough to have him overthrown by the ESTABLISHMENT in 2011. Once again, if Berlusconi didn’t resign, Draghi was not going to support the Italian debt (Central Bank intervention). So they removed Silvio and after the overthrow,  a caretaker government was installed to rule to the end of the current term. The election were subsequently held in February of 2013. That election were won by the centre-left alliance Italy Common Good led by the Democratic Party. The Italian Democratic Party was let by Enrico Letta. So far so good…

But what happened next was something that one can truly describe as Machiavellian. After the victory of the Italy Common Good coalition, the Prime Mister became Enrico Letta. The problem was that Letta didn’t last too long at the helm. He was overthrown from inside his own party by the “young and dynamic” Matteo Renzi. In February 2014, Matteo Renzi forced the resignation of Enrico Letta and took over as Prime Minister.

This new “young and energetic” prime minister was what was needed to save the “European soul” or something like that. (see here) Needless to say, Matteo Renzi was over billed. It soon became apparent that Matteo Renzi can’t do anything. Yet Matteo Renzi did not want to just sit out the last few years of the term. So Matteo came up with a great idea. What he decided to do is call for a REFERENDUM.

What Renzi claimed to be the ROOT CAUSE of Italy’s problems was that the Italian Senate, the upper chamber, had  VETO power over any legislation that came from the lower house. And the Senate was VETOING Renzi’s bills. So Renzi wants to ask the Italian electorate to limit some of the Senates VETOING powers.

Sounds logical and rational.

Yet, as you dear reader already suspect, we are dealing with neo-Modernists, so nothing is logical nor rational.

So needless to say, calling for this REFERENDUM was not the smartest of moves. Reason being that it was not very well thought out, to say the least. Here’s how the situation, post-REFERENDUM looks like in Italy, going forward:

  1. If Renzi wins the REFERENDUM, he gets to pass more of his legislation. The problem is that it gets passed because the SENATE loses the majority of its oversight, i.e. its blocking ability. Renzi stays on until the next crisis or elections whichever comes first.
  2. If Renzi loses, Renzi resigns (or so he has said) and the Italian Government will most likely collapse, which means new elections. In the new elections, anti-ESTABLISHMENT parties hold a commanding lead, so most likely a euro-sceptic government will be elected, and will try to take Italy out of the Euro-currency.

But it gets better. If Renzi loses, the new anti-ESTABLISHMENT government will have a harder time withdrawing Italy out of the Euro-currency since the Italian Senate will have the full power of the VETO.

But if Renzi wins, and his government loses at the next elections or collapses in the mean time, which is most likely the case, the new anti-ESTABLISHMENT government that takes power will also attempt to withdraw Italy out of the Euro-currency, but in this scenario, the SENATE will not be able to stop them.

Once again, please keep in mind that Renzi is the Italian Prime Minister due to the PROCESS that was instituted to keep Italy in the Euro-currency zone.

Talk about non-aligned interests!

So what we have is a dimwitted prime minister who has rolled the proverbial dice, in a craps game that he cannot win. The prime minister who took over a government to ensure that Italy does not withdraw from the Euro-currrency has laid the ground for Italy to withdraw from the Euro-currency. And regardless of whether Renzi wins the REFERENDUM or loses the REFERENDUM, he and the interests that he represent, LOSE.

Summ summarum, the reason that I am bringing this to your attention is two-fold.

First, on a philosophical level, what we see is a TRANSRATIONALIST (Renzi) who does not have the ability to neither think critically nor is he able to assess the consequences of his actions. What we see is a buffoonish character whose end game was to attain power, but once he had it, he didn’t know what to do with it.

But be that as it may, the reason he has trapped himself in a NO-WIN scenario is that he doesn’t understand the basic laws of logic, i.e the et Invisibilium. The design of and call for the REFERENDUM, is proof positive.

Or as the English would say, he is “thick”.

Going forwards, this situation is identical to the situation in which our FrancisBishop of Rome has trapped himself with the Dubia document. The reason that I can draw the analogy between the parallel PROCESSES taking place in these two different areas of the Visibilium Omnium (in this case, rules of logical thought) is that the same et Invisibilium applies to both.

But if the Dubia and Francis’ lack of response wasn’t bad enough for Francis, he appears to be doing triage with this here. I wonder if Francis gave Matteo some tips on how to govern, cause it sure looks like it. But I digress…

The second point is that OBJECTIVE REALITY will eventually assert itself. A GREAT example of OBJECTIVE REALITY exerting itself happened on the 8th of November 2016 at about midnight. Here is what I mean. This same PROCESS of OBJECTIVE REALITY exerting itself is waiting for Prime Minister Renzi. It looks as if this EVENT will take place in the late evening hours of the 4th of December. It is at this time that it will be known if Prime Minister Renzi has kept his word and resigned.

And to finish this thought, another EVENT of OBJECTIVE REALITY is likewise waiting for the FrancisBishop of Rome. With respect to this EVENT, we do not know the time and place. All that we know is that it will happen.

So in the mean time, what we can do is watch other EVENTS that are playing themselves out in the Visibilium Omnium, EVENTS that are analogous to the one playing itself out behind the “Sacred Vatican Walls”. We will be doing so to identify the next phases of the NORMALIZATION PROCESS™ as they are taking place.

The primary focus of this humble blogger will be on the ECONOMIC sub-set of the Visibilium Omnium, since we know that “Even neo-Modernists need to eat” and it is the funding (KIRCHENSTEUER primarily) that is keeping the Soap Bubble Papacy inflated.

The two MAIN EVENTS that are of interest to us are the announced Executive Action of the President-elect Donald Trump to stop the government funding of the ILLEGAL IMMIGRATION coming into the US, funded in part through the USCCB and other “c”atholic charities, and the ban on the government funding of the “sanctuary cities” which support the “c”atholic entities.

The second EVENT that we are monitoring is the break-up of the European Union. We have identified the EU and the German government (KIRCHENSTEUER) as one of the main funding mechanisms of the post-conciliar church in general, and the FrancisChurch in particular.

And finally, the reason that we are watching the Italian REFERENDUM is that if when anti-European government comes into power, it will most likely withdraw Italy from the Euro-currency. Once this happens, it will create a huge deficit (loss) inside the German banking system. Once this loss is realized, (it will have to be since the European Central Bank will need to be recapitalized) this will create a serious funding problem for all of the German government “soft power” institutions and the NGO’s that they support. This includes the German Episcopate and their NUChurch affiliates. The reason being that the KIRCHENSTEUER is by far the source that funds the FrancisChurch globally.

And believe you me, the downstream EFFECTS will be felt.

But more on this in our upcoming posts.

For now though, I re-produce the Zero Hedge post titled Italy’s Government On Verge Of Collapse: Next Trumpian Domino To Fall?…

FOR THE RECORD

silvio-berlusconi

Italy’s Government On Verge Of Collapse: Next Trumpian Domino To Fall?

Submitted by Mike Shedlock via MishTalk.com,

Italy’s government is on the verge of collapse. Prime minister Matteo Renzi reiterated his position just yesterday, he will not hang on if a referendum he seeks does not pass.

Polls show the referendum will fail. Then again, polls have not been remarkably accurate recently, to say the least. On the other hand, this poll shows a strong preference to what is labeled “populism”.

Finally, there is always a chance Renzi will not resign and he is only attempting to manipulate the vote. Let’s sort this all out.

Let It All Hang Out

Renzi Rules Out Leading Technocratic Government After Referendum

Please consider Renzi Rules Out Leading Technocratic Government After Referendum.

 

Italian prime minister Matteo Renzi has ruled out leading a caretaker government if he is defeated in a key constitutional referendum next month, removing some of the uncertainty surrounding his political future after the vote.

Mr Renzi had said early in the campaign that he would resign if he lost but has faced pressure from some lawmakers in his Democratic Party to stay on regardless of the outcome on December 4.

In a radio interview with Rtl 102.5 on Thursday, he decisively rejected the notion.

“If the citizens vote no and want a decrepit system that does not work, I will not be the one to deal with other parties for a caretaker government – a little government, ” Mr Renzi said.

Italy Polls Get Worse for Renzi as Referendum Nears

Reuters reports Italy Polls Get Worse for Renzi as Referendum Nears.

 

Opinion polls are making increasingly grim reading for Italian Prime Minister Matteo Renzi less than three weeks ahead of a referendum on constitutional reform on which he has staked his political future.

Of 32 polls published by 11 different pollsters since Oct. 21, every one has the ‘No’ camp ahead, and generally by a widening margin.

In three polls published on Monday the lead for ‘No’ ranged from five points, according to IPR Marketing, to seven points, according to Tecne, with EMG Acqua in the middle at 6 points.

These results exclude undecided voters, which are estimated at 25.9 percent by EMG Acqua and 16.5 percent by Tecne. The most worrying aspect for Renzi is that as the number of undecided voters declines, the lead for ‘No’ appears to be rising.

Bookmakers also hold out little hope for the 41-year-old premier, with Ladbrokes estimating a roughly 75 percent probability of a win for ‘No.’

However, most pollsters continue to say the outcome of the Dec. 4. ballot remains uncertain.

They point out that opinion polls already proved notoriously wrong in the June referendum in which Britons chose to leave the European Union and most recently when Americans elected republican Donald Trump to the presidency on Nov. 8.

Blowout Against Renzi?

Politico reports Matteo Renzi to Lose Constitutional Referendum: Polls.

All polls by some of Italy’s biggest media outlets, held just before the pre-vote ban on publishing voter’s intentions, suggest that Italians are likely to reject Prime Minister Matteo Renzi’s plan to limit powers of the Senate.

According to a poll conducted by Corriere della Sera newspaper, 55 percent of the people plan to vote ‘No’ and 45 percent ‘Yes’ to changes. The survey also suggested that around a third of the population is familiar with the content of the reform.

What’s It All About?

After all this time and electioneering by Matteo Renzi in Italy, and only a third of voters know what the referendum is about?!

Political populism: Is Italy next?

A rejection of Renzi’s reform plans in a referendum risks toppling the government says the Financial Times in Political populism: Is Italy next?

 

If the Italian prime minister loses a high-stakes referendum on his flagship constitutional reform set for December 4, it could bring his tenure in office — and his entire political project — to an abrupt and premature end.

“Renzi went for broke, and if he wins, the coast will be clear. But if he loses, it will be devastating,” said Paolo Donzelli, a 53-year-old Florentine car salesman seated at one of the large round tables set up at the conference. “This is the showdown, the big political battle.

And then, as they say in Florence, they will count the dead.”

“It could be another watershed moment for Europe so there is huge interest and attention,” says Andrea Montanino, director of the global business and economics programme at the Atlantic Council. “Renzi is considered an anchor in a very complex picture.”

Mr Renzi is now scrambling to save his political skin. His first mistake, which the prime minister has acknowledged, was excessively personalising the referendum by vowing to resign and leave politics if he lost.

“The electorate is scared and doesn’t see solutions. They will use the vote to hit those who are in power and the paradox here is that Renzi is now seen as the quintessence of the establishment,” says Giovanni Orsina, a professor of politics at Luiss University in Rome.

“Renzi is like the poker player who keeps upping the ante even if his cards are bad. He’s a prisoner of his own bluff.”

Students against Renzi

In the quite laughable column, “Renzi hired Jim Messina, President Barack Obama’s former campaign manager, to help with strategy and the get-out-the-vote operation, despite his inability to clinch a victory for Britain’s David Cameron in the EU referendum.”

Italian Debt Sinks 14% Since October

Also consider Italy’s 50-Year Bond Burnt in Global Sell-Off.

 

Prices for Italy’s longest-dated government debt have fallen 14 per cent since its sale in early October, inflicting a paper loss of €140,000 for every €1m bought by investors.

The shunning of the bond comes as polls point to a potential defeat in the December 4 vote for Matteo Renzi, the centre left prime minister, who has staked his political future on Italian voters approving the reforms.

At the time of its sale, Italy’s 50-year bond was seen as an extraordinary success — drawing €18bn of investor bids for a €5bn issue.

Waiting in the Wings

Beppe Grillo’s Five Star Movement (M5S), is waiting in the wings.

That Wikipedia chart is stale, dating from August. I like it because it shows the trend clearly. More recent polls show M5S slightly in the lead.

Given all the political uncertainties, it is difficult to say. Italy has a poll cutoff on the referendum so what we have now is about all we are going to see until December 4.

Coast Clear on Win?

Finally, and very importantly, I take exception to this comment from above: “Renzi went for broke, and if he wins, the coast will be clear”.

That is not true at all. The worst possible setup would be for Renzi to win the reform, but lose the next election.

The reform weakens the Senate and gives an absolute majority of lower Parliament to whoever wins the election.

As it stands right now, I would bet on the Five Star Movement. And M5S is anti-euro and anti-EU.

Those hoping for a win on the referendum now, may be extremely grateful it failed after the next election.

For now, the most likely setup is a collapse of the Italian government following a defeat of the referendum.

It’s time for a musical tribute…

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