tag:blogger.com,1999:blog-2761684730989137546.post8401064551540394397..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: TASS — Russia to notify WTO of plans for retaliation against US for steel, aluminum dutiesmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2761684730989137546.post-76133208227500011142018-05-19T20:13:30.202-04:002018-05-19T20:13:30.202-04:00Three of Italy’s four largest parties (the 5-Star ...Three of Italy’s four largest parties (the 5-Star Movement, the Northern League and Silvio Berlusconi’s Forza Italia) propose introducing a parallel currency in order to begin transitioning away from the euro, and therefore escape Troika tyranny. <br /><br />I don’t know about this “mini-bot” stuff, but Italy could go back to using liras, like Italy did until 1 Jan 1999.<br /><br />The euro currency has enslaved and impoverished France and Greece, but Italy is different. Italy’s large trade surplus causes a monthly average of 4 billion euros to flow in from other nations. Therefore it does not make sense for Italy to dump the euro right now. <br /><br />However, if Brussels and Frankfurt start trying to bully Italy’s new government, then the new government will start transitioning away from euros. <br /><br />If Italy’s move causes other nations to start thinking about dumping the euro, then Brussels and Frankfurt will order the other euro-zone nations to sanction and blockade Italy. <br /><br />This Troika threat is one reason why Italy’s new government declines to go along with U.S. sanctions against Russia. The new government wants to keep Italy’s option open.Konradhttps://www.blogger.com/profile/01739209449391854796noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-27414383146232168682018-05-19T11:17:07.869-04:002018-05-19T11:17:07.869-04:00Why you Tom haven't picked up the parallel cur...Why you Tom haven't picked up the parallel currency (called mini-BoT) story from Italy that the new government will implement soon?<br /><br />https://www.ft.com/content/acd05bec-59a6-11e8-b8b2-d6ceb45fa9d0Kristjanhttps://www.blogger.com/profile/09592440548093816331noreply@blogger.com