Next into debt pit? Italy ducks as crisis hits

[KornwestheimerSchwab]

Italia is bankcrupt, this is fact...

[anedonia8]

the debt does't mean anything. is not the expression of the economy of a country. italy has a total debt lowest than the uk and romania has the lowest in all europe.

[Francesko263]

The media are very happy to see "the fall of Rome". One day I'll be very happy to see the "fall of anglosaxon imperialism".

[whitbyjet65]

@Francesko263 It'll be Anglo-Saxon imperialism that bails you out!

[Francesko263]

@whitbyjet65 Really? It's the opposite. American and british financial institutions do speculate against italian bonds for the fall of our economy to buy at cheap prices our banks, enterprises, savings. Anglosaxon failed and sick economy does want to rise again by destroying southern europeans countries to steal them gold and everything they can take away. Europe is paying US bailout, not the opposite. It's the end of anglo-saxon superiority.

[whitbyjet65]

@Francesko263 You do believe some shit!

[Francesko263]

@whitbyjet65 You're into this businnes, don't you?

[ElectricSexPants]

Someone mention Islam!

[StarsManny]

@Timebubbles you might be confusing yearly debt with accrued debt over time. It might be running a surplus at the moment but it still has a debt it needs to pay off from the past. That's quite a common scenario, even for rich countries.

[qpae123]

Better do nothing :)) EU and US is broke and finished , no matter how much u cry nothing will change ! Last one shut the light !:))

[vastell]

this vide☼

is headlined at

davidicke . com/headlines/53693

-next-into-debt-pit-italy-duck­s-as-crisis-hits-

[chadberry75]

better build more ferrari's..

[amareto35]

Common Italy , bring back the Lira so I can go for shopping in Via Nazionale in Rome...

[bkr360]

Dont worry the Fed Reserve will bail you out.

[veniceit1]

It is time to depreciate/devalue the euro drastically before all the countries of the EU implode. The euro is so grossly over valued but it shouldn't be worth much more than the Mexican peso. Smoking mirrors have managed to keep the euro afloat, so far, but it's days are numbered. Something has got to give, and give quickly, or the European Union break up will be imminent.

[AceHoale]

What did she say?

Who cares?

Where do they get these nice chicks from?

Thank you RT!!!

[bisschenchilln]

inflating the economy would only worsen the situation and increase debt.

[Xazard]

what!? print more money? yeah, let's get EU to the same condition as the US is in right now... fuckin' degenerate

[123gwf]

What a racket.

[Ikazu1991]

@TheTrollTime dont worry right wing is rising in all europa the moment the euro falls its the moment of rebirth of europa and it will be one hell of a party

[Quierotortilla]

@TheTrollTime I wouldn't blame left wingers, right wingers are guitly also, sometimes even more, and I don't like the tea parties but I'd vote for Ron Paul !

RON PAUL / DENNIS KUCINICH 2012 !!!!

[irelandcool1]

Just imagine how much more Italy would be in if mount  Vesuvius erupts

[Meathead36]

Look at the obelisk complemented with the dome at 1:30. The phallus and ovaries brought to you by the people running the financial system of this world and the root of problem. They are luciferians.

[Pomeray8]

get rid of capitalism! no gods, no masters!

[garethmdawson]

@Pomeray8 and what would you replace it with?

[Pomeray8]

@garethmdawson well, we'd all have to make that alternative. no saying exactly what it'd look like until it's built. but there'd be no state, no vertical hierarchy, no repressive institutions

[MyTube22T]

Out of touch with reality? Is this ridiculous old fart serious? Meanwhile he's bragging about being with 8 women (prostitutes) in one night. When is the people of Italy going to hang this criminal like they did with Mussolini?

[enticed2zeitgeist]

Lol, it's all just becoming silly isn't it? A "Countries" credit rating is down graded...

[jgbloyd]

@enticed2zeitgeist It may seem silly to you when a country's credit rating is downgraded, however, wasn't it even sillier for a country to have a credit rating in the first place. "Credit" is just code for "debt". A country based on debt was the joke. People with credits ratings are also a bad joke, as if everyone's deal with the devil's pyramid scheme was ever going to end well. Someone is laughing.

[enticed2zeitgeist]

@jgbloyd Lol I totally know what you mean man. That is basically what I was referring to. It's just strange all these imaginary things we humans dream up and apply to various things in life. A magical thing called a "country" (complete with imaginary borders and all!) and then we apply more imaginary objects such as Money and Debt into the equation and viola! Quite an interesting Reality TV show.

I still use money because I have to, but I stopped playing the game 3 years ago.

[jgbloyd]

@enticed2zeitgeist That's about the time I stopped, as well. Now, I just use a debit account with dollars as my middleman between my metal holdings and people who only take dollars. It's annoying, but it also provides a nice layer away from prying eyes, if you know what I mean. "Reality TV show"? Yes, and how funny that people use "reality" that way! Cheers!

[Pomeray8]

@jgbloyd Thank you for saying that! 

[TheItalix]

italy is the eu's third largest economy. Interesting. Doesn't that mean that the game is up? There is not much left.

[themightyjoseph]

Actually Italy is the 4th largest EU economy after Germany, France and UK.

[chessonmyshirt]

Yeh I started laughing when he said you have to print more money.

Do people realize that inflating and printing more money is only a temporary solution and the ONLY ONLY way to truly get out of debt is to default and absolve the debt?

[tranceemerson]

@chessonmyshirt yeah totally, that is what I was saying a few minutes ago

[tranceemerson]

@chessonmyshirt for sure keynesian economics doesn't work, and that is what they expect to be able to pull off? making paper money valuable?

[chessonmyshirt]

@tranceemerson

That does work, the question is can it work for ever?

[tranceemerson]

@chessonmyshirt I'm sorry, I'm a person who believes in long term practicality, so in my world view it is always doomed to be short lived. does that clarify things for you?

[jgbloyd]

@chessonmyshirt lol, I would say that is the plan. Default is coming. Checkmate.

I don't think default is a get of jail free card, tho. It's more like being conquered. You usually get to keep your sovereignty just so the cycle can repeat.

[GJT771]

@chessonmyshirt Well said..Unfortunately, it seems like the majority have no idea what debt slavery is & therefore history repeats itself. All the best & keep informing people

[prjerry7]

@chessonmyshirt default wont get you out of the problem, investment in the region would stop & italy's government would be forces to give what they can afford, byebye free healthcare byebye free education, hello higher bills for gas, water & electricity!

Also, by dafaulting credit score plummets thus its harder for them to take loans thus no more new businesses thus no more business expantion thus economy is screwed.

EU should become USE & only the states that can afford healthcare have it

[Phead128]

@chessonmyshirt

Yes, liquity isn't a problem, it's insolvency... I agree, that economist dude was like "yo, only S&P downgrade..." but Moody's just downgraded Italian debt too. LOL In fact, to be perfectly honest, I feel much more confident in the debt crisis if austerity ensues than printing money... printing money is the easy choice, and usually the easy choice in the difficult situation is not the one that will solve the problem at it's core.

[Aengrod]

@chessonmyshirt

Yep, a true idiot :D Print mooar moneeeey, freee million-billion for everyuooooneee, WOOOOOO! :D

[tranceemerson]

also I bet all those US companies that moved out of the states are starting to wish they hadn't

[tranceemerson]

hah, you have to inflate? No! how about absolving the debt by defaulting, and declaring the debt unlawful, and kick out the IMF

[9MillerKiller]

This report is to make investors feel safe about the current Economic situation in Europe. The Euro Zone is bound to fail and very soon if things keep going!!!

[1JesseW]

Long live the Fourth Financial Reich!

[Forusim]

@Timebubbles Germany have no debt? Where you got this from? How about 2*10^12 (trillion) €, biggest in EU total sum debt, but "only" 80% of GDP?

Germans are fucked twice, they have to pay for themselves and all other EU parasites.

[9MillerKiller]

Print more money? This guy is smoking something!! That just makes things worse, the only thing that changes is that you have more money and the prices rise accordingly. The ratio is the same. And the banks will get the new money anyway so HELL NO!!!

[Forusim]

Who ever invented this PIGS abbreviation, is brilliant, but should have made a copyright and 0,01$ fee.

[kimo88golf]

europeans fucked up when they accepted the euro its time pay price one by one.

[Thomas9606]

And then there's Germany :)

[jmtomes2001]

Just wait until countries stop taking other countries currencies and trade embarges start as retaliation. Some of my coworks are still thinking everything will be fine nothing to worry about. Must be nice to have your head stuck where the sun doesn't shine. Total collapse and then the wars will really spark. The excuse to secure the welfare of their people will justify the genicide to come. Does nobody look to history any more for answers to see where this will lead. Wake Up World!

[bennlonelyboy]

what a good news 4 asia

[shockolanu]

Good

[HONORGUARD308]

Just remember that you're standing on a planet that's evolving

And revolving at nine hundred miles an hour,

That's orbiting at nineteen miles a second, so it's reckoned,

A sun that is the source of all our power.

The sun and you and me and all the stars that we can see

Are moving at a million miles a day

In an outer spiral arm, at forty thousand miles an hour,

Of the galaxy we call the 'Milky Way'.

=D lol cause i can!!

[neo19158]

Germany is bailing out french and german banks not a euro goes to the people further more germany has made a big profit from the designed crisis.The morons that are parroting the bad lazy southern european line just can not convince any critical thinker.

[wwwCrashJPMcom]

GOOGLE TOTAL COLLAPSE...

[Waterfall714]

This is a part of financial terrorism. Who gives S&P or Moody's right to rate other countries.

[wwwCrashJPMcom]

The Total Collapse is now in full swing....

[angel2901]

The End is near! Soon I'll have my Deutsche Mark back! DM, bitches!

[jacquesdupontd]

PLEASE THUMBS UP IF YOU SEE NO COVERAGE OF Wall Street occupation COME ON RT , SPREAD THE LINK livestream. com / globalrevolution

[racenemo]

Berlusconi is a great sexual perverd leading Italy down

[Judeschwein88]

@mexmas93

but the real pigs are Israel and jewish banks! Of course are Europeans countries leaders TRAITORS that suck on Israeli dick and other banks as well!

[TheSubzerogr]

@mexmas93 Hey...JAM ICAn asshole...what's the deal ?

do you want trouble?

[TheItalix]

@mexmas93 you forgot Ireland. Maybe you just got into this topic, so I'll forgive you just this one time. 

[mispistoleros]

@mexmas93, let them eat BRIC

[ltmikepowell]

@mispistoleros And break your teeth in the process? Well, go ahead then.

[VerityProductions]

Doesn't anyone else find all these multi-national coincidences even slightly strange? European countries all simultaneously adopting multi-culturalism, simultaneously bailing out their banks, simultaneously going into recession, and all simultaneously adopting the same ineffective austerity measures? Seems somewhat 'co-ordinated' to me.

Who are they all supposedly in debt to? If the debts are all to each other, then they can just be cancelled out. If all the debts are to another entity, why?

[jabeydeera]

Why Italian people can't wait till your godfather Silvio Berlusconi distribute Libya's oil money among them? You bloody Ungrateful people!

[theMAXILOPEZpsycho]

"we need to inflate!" says thefirst guy! so german savers and tax payers pay for southern europes largess??

the girl is so hot though

[mojorhythm]

The Euro is a failed concept. Each country should divest from the central currency and work on fixing their own problems using their own central banks.

[passdg]

Print money out of thin air what a smart economist. Take an advice from that more debt what an idiot!

[cr4yv3n]

This is a self-fullfilling prophecy by the assholes of S&P.

Ratings go down => market gets scared => Investors flee => economy REALLY goes down => S&P gets their wish to see Italy fall => rating goes down again => and so on and so on.

Also why the fuck do all these rating agencies carry any value?

We saw how "good" their predictions were with Goldman Sacks and all of the other big sharks who fucked us all in 2008.

[rolovolo]

THERE IS NO JUSTIFICATION TO CHARGE INTERESTS ON MONEY THE CENTRAL (PRIVATE) BANKS PRINT FROM THIN AIR. NUMEROUS TIMES EVERYTHING HAS WORKED EXCELLENT WHEN GOVERNMENTS PRINT THEIR OWN CURRENCY, FREE OF CHARGE, UNTIL THE PRESIDENT ALLOWING THAT IS KILLED, THAT IS. WHY DO WE NEED PRIVATE CENTRAL BANKS LENDING MONEY THEY CREATED AT AN INTEREST?

ANSWER: WE DON'T!

[TheReallitycheck]

Berlusconi has the nerve to call others out of touch. You gotta love this clown.

[imatelly]

they say if we inflate the currency we will destroy the dollar,then they say if we deflate it we will cause a problem,then they say we cant stand for austerity,and then they call for it,its back and forth bs,people save your money buy gold and silver and fuck a bank,thats what i say

[joesaiko]

And the house of cards comes tumbling down...

[Quierotortilla]

Berlusconi was always more interested in women instead of being concerned in Italy's finances.

[Luckmann]

@Quierotortilla

Well, it could be worse. He could've been gay.

[thoostorm4]

@Quierotortilla or hiswhores