April 18, 2019 — A barely noticed report published by the staff of the International Monetary Fund in February 2019 suggests that financial authorities are considering a devaluation of money in order to save the financial system from the impending collapse. The report, titled Monetary Policy with Negative Interest Rates: Decoupling Cash from Electronic Money proposes to depreciate physical money (and not only bank deposits) in order to allow an ample margin for negative rates.
On May 27, in Rome, the “populist” government put together by M5S and Lega, the two parties that had won the parliamentary elections, was rejected, in what can only be called a cold coup. The coup was executed by State President Mattarella, but the real string-puller is the ECB. Thus, the oh-so-democratic European elite has once again made perfectly clear that if they are not satisfied with the choice of the voters, they will disregard it!