Тёмный

🔴 Will Italy Be the Next Country to Leave the EU? (w Steve Diggle & Grant Williams) 

Real Vision
Подписаться 709 тыс.
Просмотров 90 тыс.
50% 1

Grant and Steve visit Siena, where the conflict that lies at the heart of Italian culture is examined, the country’s fractious relationship with the EU is put under the microscope and the importance of once-mighty Banca Monte Dei Paschi’s fall from grace is revealed. Filmed December 2018 in Siena, Italy.
NOTE
This is the second episode of a three-part series. The third episode will be released at noon EDT on Saturday, 9/7. You can find the first episode here: • On the Road - Italy
Subscribe now for more videos like this one: rvtv.io/2OW3mqu
Watch more Real Vision™ videos: po.st/RealVisionVideos
Watch more by starting your 14-day free trial here: rvtv.io/2kuiflt
About Real Vision™:
Real Vision™ is the destination for the world’s most successful investors to share their thoughts about what’s happening in today's markets. Think: TED Talks for Finance. On Real Vision™ you get exclusive access to watch the most successful investors, hedge fund managers and traders who share their frank and in-depth investment insights with no agenda, hype or bias. Make smart investment decisions and grow your portfolio with original content brought to you by the biggest names in finance, who get to say what they really think on Real Vision™.
Connect with Real Vision™ Online:
Twitter: rvtv.io/2p5PrhJ
Instagram: rvtv.io/2J7Ddlw
Facebook: rvtv.io/2NNOlmu
Linkedin: rvtv.io/2xbskqx
Will Italy Be the Next Country to Leave the EU? (w Steve Diggle & Grant Williams)
/ realvisiontelevision
For the transcript visit: rvtv.io/2kuiflt
Disclaimer:
This is pretty obvious, but we should probably say it anyway so that there is absolutely no confusion…The material in REAL VISION GROUP video programs and publications {collectively referred to as “RV RELEASES”} is provided for informational purposes only and is NOT investment advice. The information in RV RELEASES has been obtained from sources believed to be reliable, but Real Vision and its contributors, distributors and/or publisher, licensors, and their respective employees, contractors , agents, suppliers and vendors { collectively, “Affiliated Parties”} make no representation or warranty as to the accuracy, timeliness or completeness of the content in RV RELEASES. Any data included in RV RELEASES are illustrative only and not for investment purposes. Any opinion or recommendation expressed in RV RELEASES is subject to change without notice. RV Releases do not recommend, explicitly nor implicitly, nor suggest or recommend any investment strategy. Real Vision Group and its Affiliated Parties disclaim all liability for any loss that may arise (whether direct indirect, consequential, incidental, punitive or otherwise) from any use of the information in RV RELEASES. Real Vision Group and its Affiliated Parties do not have regard to any individual’s, group of individuals’ or entity’s specific investment objectives, financial situation or circumstance. RV RELEASES do not express any opinion on the future value of any security, currency or other investment instrument. You should seek expert financial and other advice regarding the appropriateness of the material discussed or recommended in RV RELEASES and should note that investment values may fall, you may receive less back than originally invested and past performances is not necessarily reflective of future performances. Well that was pretty intense! We hope you got all of that - now stop reading the small print and go and enjoy Real Vision.

Опубликовано:

 

5 сен 2019

Поделиться:

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист
Посмотреть позже
Комментарии : 370   
@RealVisionFinance
@RealVisionFinance 4 года назад
Get more amazing videos like this on Real Vision Premium for only $1 for 3 Months here: rvtv.io/YTDollarPin No more waiting for the content to make it here weeks or even months after it was shot and no missing out on insights and information that move markets. Better yet.... No advertisements! Join today!
@avi123
@avi123 4 года назад
Iv'e got to say, this is awsome. Where else can you find such discussions of history and current events told like a story with a narrative, and see all these great scenes? Only on Real vision finance.
@joseCalderon1976
@joseCalderon1976 4 года назад
Absolutely, and no left vs right. Non political as it should be.
@lchpdmq
@lchpdmq 4 года назад
Nanoman you’re so above us all being so non political. You must be so proud of yourself, everyone should praise you!
@murk1876
@murk1876 4 года назад
LOL y'all population is declining, y'all not giving birth like use to, HAHAHA!
@danielthompson7575
@danielthompson7575 4 года назад
Italy has been used as a dumping ground by the EU and the people have had enough . A combination of circumstances will eventually take the country out of the EU .
@danielthompson7575
@danielthompson7575 4 года назад
@werner van gelder The Italian people have made their views well known on this subject . Have you not been listening or are you just an EU lackey ?
@danielthompson7575
@danielthompson7575 4 года назад
@werner van gelder You don't like what I've written , that is your choice . The coming months will bring the crisis in Italy to a head and there will be a general election which will bring about a decisive result with the EU are dreading .
@danielthompson7575
@danielthompson7575 4 года назад
@werner van gelder You are completely wrong ! This crisis has been caused by the EU ! It has always favoured Germany as the biggest country in the bloc and all will pay the price for this . The EU is doing everything they can to stop the UK leaving but it is because they know that if we do then others will follow , Italy will almost certainly be the next and do not be surprised if it is joined by Denmark . The problems within the EU are mounting on a daily basis compounding the problems that countries like Italy are experiencing . Bottom line , The EU will eventually disintegrate and powers will be returned to the sovereign nations . The leaders in Brussels behave like despots and the irony is that they will become the architects of their own demise , much to the relief of individual nations .
@danielthompson7575
@danielthompson7575 4 года назад
@werner van gelder I'm reasonably sure that anyone who does not agree with you would bore you to death , having an ego like yours must be like having a full time job .
@danielthompson7575
@danielthompson7575 4 года назад
@werner van gelder Then my previous statement was correct , you have an ego that exceeds your common sense , your probably an attention seeker as well .
@northnsouth6813
@northnsouth6813 4 года назад
Go back to a common market and not a political union. If that were the case the U.K. wouldn't have had Brexit.
@didine256
@didine256 4 года назад
Beautiful documentary, on site, well thaugh, historical perspective, enlightening, well done guys 👏
@jackryan2135
@jackryan2135 4 года назад
Infinite growth on a finite world. What could possibly go wrong.
@b.griffin317
@b.griffin317 4 года назад
growth is based on value, and value isn't a matter of counting atoms.
@gulagga371
@gulagga371 4 года назад
World will be just fine. Humans are just temporary phenomenon.
@salvatorederosa6937
@salvatorederosa6937 4 года назад
If Italy went back to the Lira, Florin or Ducat, the Circulating Euros (M2) is enough to cover the entire debt and so obliging conversion to Florins issued by the state (not the central bank) the Florins cost zero and the Euros collected in the conversion would pay off the debt overnight, actually.
@Michael-jq1hl
@Michael-jq1hl 4 года назад
I am answering in the hope that more people see this comment
@salvatorederosa6937
@salvatorederosa6937 4 года назад
Thanks. Did you like it then?
@andrejlorenci1478
@andrejlorenci1478 4 года назад
EU is becoming a prison. The title should be: how can Italy escape from prison.
@svenvdw4894
@svenvdw4894 4 года назад
Being in Debt countries can only blame themselves. Besides dont close your ears for what the man says between min 23:00 and 25:00. Thats the biggest root of the problem.
@batjorro
@batjorro 4 года назад
@@svenvdw4894Easier to blame the poor and the immigrants .... And brussels obviously
@svenvdw4894
@svenvdw4894 4 года назад
@@batjorro exactly but in the end that's what's gonna happen. They all gonna put on their yellow jacket and bark against the wrong tree.
@8271652
@8271652 4 года назад
Whenever economy goes to the drains, people always blame outsiders, because the are unable to see any problem in themselves.
@sunflowerproductions
@sunflowerproductions 4 года назад
Best thing is for conservatives is taking the power of Europe Union and save from Merkel and Macron.
@gordonmorris6359
@gordonmorris6359 4 года назад
Some relevant hard facts are cited after 22 minutes into this video. Italy is ranked 75th in the world for 'ease in starting a business', 111th in 'getting credit', 112th in 'paying taxes', and about 54th in 'corruption'.
@InnerLeader
@InnerLeader 4 года назад
Excellent conversation gentlemen, thank you for enlightening me
@RealVisionFinance
@RealVisionFinance 4 года назад
This is the second episode of a three-part series. The first episode was released at 5PM EDT 9/5, and the third episode will be released at noon EDT on Saturday, 9/7. Watch the whole series in order here: ru-vid.com/group/PL2-78gs9nRfOlCVUxOGx5JTCn3tF0CmkN
@sunneydarling1642
@sunneydarling1642 4 года назад
Real Vision Finance
@ryans1623
@ryans1623 4 года назад
Break up the EU and never have anything like it again.
@paulsmith1981
@paulsmith1981 4 года назад
Gorbachev called the EU the re-creation of the soviet union in western Europe.
@chiliphil64
@chiliphil64 4 года назад
Then why is the USA so powerful? They are only a group of smaller states managed by one group. Very simple I know.
@ryans1623
@ryans1623 4 года назад
@@paulsmith1981 Old Gorby was spot on.
@ryans1623
@ryans1623 4 года назад
@@chiliphil64 Because they are one people united by common language and culture. Europe has been at war with each other since time began.
@chiliphil64
@chiliphil64 4 года назад
Then why is Switzerland so successful?
@alfredvinciguerra532
@alfredvinciguerra532 4 года назад
I hope Italy leaves the EU and abandons the euro will be difficult in the beginning but after things will get better
@trinosernamartinez6077
@trinosernamartinez6077 4 года назад
Yeah I hope Italy and spain can blissfully make it
@imperijaable
@imperijaable 3 года назад
Brexit is a proof that people can live normally without that satanic organization. Go Italexit 🇮🇹🇮🇹🇮🇹
@genx3737
@genx3737 4 года назад
by far one of the best if not the best i have ever watched and wanted to listen throughout without any distraction covering all angles and incorporating the historical facts, i hope these guys go on to produce more of these videos
@4700_Dk
@4700_Dk 4 года назад
Italy will simply blackmail Brussels into leaving and gain more concessions. Using the “Leave” threat.
@Spartacus547
@Spartacus547 4 года назад
If england leaves Italy will definitely leave, just trading between England and Italy would boost each other's economies separate from the EU and lifted restrictions for more open trade with the United States or other world powers ya its benefit to leave
@salvatorederosa6937
@salvatorederosa6937 4 года назад
Not with this government I won't. It will just lie belly down and take it up the backside
@SerChade
@SerChade 4 года назад
Wow, can't believe it took me so long to find this channel. Where have you been throughout my twenties, real vision?
@Anza_34832
@Anza_34832 4 года назад
Foreigners talking truth about Italy. Very interesting and revealing. Perhaps more impartial than native Italians. Well done!
@stevenjohnston2263
@stevenjohnston2263 4 года назад
When it comes to talking about the populist party, his obvious reluctance to acknowledge that it has the necessary ideas is clear. He has to chuck in the racist accusation in order to distance himself. He comes across as an EU stooge - which is probably what he is.
@TheBlackClockOfTime
@TheBlackClockOfTime 4 года назад
What a rare gem this was. As a younger man you can just learn SO MUCH from this.
@matth7090
@matth7090 4 года назад
Two fascinating gentlemen. Like an intellectual version of Steve Coogan's The Trip...light on impressions, but so much more to offer! A truly enthralling series. Please make more!
@MrYosssup
@MrYosssup 4 года назад
this documentary was beyond excellent...very refreshing
@DroppinShorts
@DroppinShorts 3 года назад
this was really cool and interesting - thank you!!!
@lchpdmq
@lchpdmq 4 года назад
Really, these are great! I still have no clue what’s going to happen this is all so chaotic!
@mrnoedahl
@mrnoedahl 4 года назад
Excellent video guys. This needs to be shown in every school.
@dpie4859
@dpie4859 4 года назад
What an amazing episode. Well done.
@0xbitbybit
@0xbitbybit 4 года назад
Great stuff, thanks gents!
@jbsentinel
@jbsentinel 4 года назад
I could listen to a three hour episode, like a walk in the park, no problem.
@cliffordaristil9818
@cliffordaristil9818 4 года назад
Yes can’t wait join us 🇭🇹🇮🇹
@garyvandesande2677
@garyvandesande2677 4 года назад
Great video, educational and eye opening...thanks guys.
@matello18
@matello18 4 года назад
fantastic series!!!! Love finance, love italy, love real vision!!!!
@clockworkdave9850
@clockworkdave9850 4 года назад
What ever happens to Italy,we stand with you.. regards from UK
@mannydossantos9603
@mannydossantos9603 4 года назад
Any country that leaves the EU will blossom economically, because they become independent and masters of their own destiny..
@jbwentworthe6082
@jbwentworthe6082 4 года назад
If each business in Sienna were to open a first rate interactive website for shopping & accepted major credit cards, business in the most out of the way location could boom. Never ones to enjoy trips to the stores, our household spends 10x in a month what we did before "One Click" shopping came along. Tourism would increase also from an increased awareness of such beautiful opportunities to step back in time. Gentlemen, clearly you do not do much shopping ! Thank you for this wonderful informative video.
@NVSTRZ34
@NVSTRZ34 4 года назад
Love this channel so much. Thanks for the great content!
@freddykrueger6571
@freddykrueger6571 4 года назад
One thing Italy has which was not mentioned in this documentary is 3000 tons of gold. They are not giving that up, even if they default or cannot pay their euro/dollar debts. I suspect that 3000 tons of gold will form the basis of their new national currency at some point.
@_Crowbites
@_Crowbites 4 года назад
These videos are truly excellent
@jaleotech5918
@jaleotech5918 4 года назад
I can't see lav mics so what mics were these two guys wearing?
@malmes999
@malmes999 4 года назад
no!! no one can leave the EU Jail EVER!!!
@dannytheplumber7394
@dannytheplumber7394 4 года назад
My take on Bankers is they always pretend that their losing money when in reality they are stealing it. If two average intelligent men can talk and discuss and somewhat resolve or come up with resolutions , than ask yourself how cannot Bankers not know what to do being in the business for 572 years ?
@rolandbraun1197
@rolandbraun1197 4 года назад
An interesting and relaxed conversation by this formidable duo !! What is out of step is that we have evidence that the Fed has already reversed Q.E. ,interest rates are heading down in the USA and yield curve has inverted .
@filippoduso6112
@filippoduso6112 4 года назад
Thank you for this insightful overview of my country. It should be transmitted on the national television , hear two appassionate financiers analyzing the reasons why we as a country stand perpetually on the brinck of disaster it really help to metabolize the situation. It's a bad situation expecially because we are divided , it's thrue. I think that we need more overview , like yours , from the outside , to take responsibility and acting accordingly
@jays5926
@jays5926 3 года назад
Italy stand up for yourself and your youth . Walk away from the EU . Italy is Europe
@remiewatkins8032
@remiewatkins8032 4 года назад
Awesome job guys just love it
@LeMatt87n
@LeMatt87n 4 года назад
Great series. What’s with the red button symbol in the title of each episode? Seems a bit click baity for such quality content.
@FonsecaStatter
@FonsecaStatter 4 года назад
Instructive but very conventional conversation...
@MarkM324
@MarkM324 4 года назад
Actually, the Italians were some of the best mercenaries in High Middle ages...
@b.griffin317
@b.griffin317 4 года назад
he was talking about germans
@miheai
@miheai 4 года назад
French economic situation is the same as in Italy. Any effort is possible for economic growth when a country has no sovereignty of economy and currency. And it's economy is controlled by groupe of people from EU chosen by banking cartel .
@amdg2023
@amdg2023 4 года назад
You left out the most important aspect of how they built there greatness, their Faith in Christ.
@AleadaA
@AleadaA 4 года назад
It is a time for renewal of faith in Christ Jesus around the world.
@jeffmillar1833
@jeffmillar1833 4 года назад
They also used their faith in Christ to slaughter anyone who didn’t believe in him
@Danny_6Handford
@Danny_6Handford 4 года назад
Traditional religions are part of the problem. If there is any chance for humans to live on earth in peace without abusing or killing each other and destroying earth’s environment in the process, democracy, science, reason and critical thinking are the best systems that have been developed to try and achieve this goal.
@scythermantis
@scythermantis 4 года назад
@@Danny_6Handford >tips fedora
@chrisblue46
@chrisblue46 4 года назад
@@jeffmillar1833 the key word here is " used ", should be " used to ", unlike another certain " religion ".
@SuperBullyone
@SuperBullyone 4 года назад
what a great discussion of Siena and banking.
@johnnyfeve9372
@johnnyfeve9372 4 года назад
Not brave enough to deny a Extension in favour of freeing a Nation.... Can't have the courage to leave
@theSergeantGonzalez
@theSergeantGonzalez 4 года назад
I have already seen with this two of your videos, they are certainly extraordinary, I congratulate you both for this work so brilliantly done, I hope to see the third one, which I already believe, that it must be excellent, I hope you continue in this type of analysis, that are perfect, in matters, historically, geopolitically and very current with the processes that we live today. Thank you very much from Miami Fl.
@WorldReserveCurrency
@WorldReserveCurrency 4 года назад
What a fantastic story of peoples and communities that existed before the giant incorporation of banks and countries. What's remarkable is the idea that banks were fundamentally financial utilities to serve their growing communities in the most efficient manner to extend their manufacturing and service capacity. What happens to businesses, society, and peoples when banks themselves attempt to become the profit centers and overshadow productivity? After watching this I believe it's hard not to imagine the social abandon that's been going since banks have become publicly traded institutions.
@WaseemKhsaad
@WaseemKhsaad 4 года назад
this is exceptional work, thank you for this!
@sanket.sharma
@sanket.sharma 4 года назад
Great video and well researched! Can't wait for the next episode!
@dealerovski82
@dealerovski82 4 года назад
Next? Who was the last one?
@stacyblaustein1228
@stacyblaustein1228 4 года назад
No one is wearing skinny jeans. Thumbs up.
@mactek6033
@mactek6033 4 года назад
Italy's lax banking rules are the problem. A bank with 42% non-performing loans would never have happened in America. They would have been shut down and the assets sold off.
@b.griffin317
@b.griffin317 4 года назад
nah, they would have refloated by the fed. 😉 "Systemically important financial institution"
@gt5713
@gt5713 4 года назад
@@b.griffin317 I was going to say the same thing. Assuming that the bank in question has been giving money and speaking fees to the correct people, of course. That is the important thing. I guess Italy can't do that, though, since they don't have their own central bank or their own currency. Maybe their mafia should pay a visit to the ECB and make them an offer they can't refuse.
@0r14n583lt
@0r14n583lt 4 года назад
It sounds to me like declining demographics remain undefeated.
@burusoila2303
@burusoila2303 4 года назад
Anybody who thinks that Italy would ever leave the Euro or the EU knows very little about Italy.
@judithbereczky4114
@judithbereczky4114 4 года назад
Too bad if true. Italy can regain its greatness only if they are free and keep their identity.
@steveclayton4249
@steveclayton4249 4 года назад
Another great program thanks guys. I always wondered why there hasn't been a banking run on the likes of Monte Dei Paschi-Carige banks, this regional support maybe the reason. Crazy situation where the likes of Unicredit are now having to financially support the smaller Italian banks which are in financial trouble.
@laurentdrozin812
@laurentdrozin812 4 года назад
A great quote: look at yourself! Politicians of all clothes have been pointing at Bruxelles for all their failures for 30 years or more. Eventually, these accusations resonate with the public! Same story in France, same story in Sweden.
@tanner293
@tanner293 4 года назад
basically you uploaded this video one week before the government fell. the new one has a new approach, but i'm afraid results wont be so much better
@tedcarl5382
@tedcarl5382 4 года назад
Who is taking the loans - Is this private homeowners, private small business or corporate holders? Where does one find this data? Does this mean there are opportunities to buy these non-performing companies and revive them?
@Telluwide
@Telluwide 4 года назад
I always get nervous when someone in the business community talks about "de-regulation" because they never get specific. Let's loosely define "regulation" it's rules that prevent businesses from polluting the water, treat workers with humanity and dignity, not as slaves, make sure the quality of the food you buy is safe, the restaurants you eat in are hygienic, etc. Business people need to stop throwing around the word "regulation" and "deregulation" and get more specific when talking about implementing one and throwing out the other....BTW Lack of regulation caused the Great Depression of 1929 and De-regulation is what caused the Financial Crisis of 2007/2008..... Ironically enough it was the de-regulation of those very same regulations after the first crisis which caused the second.....
@Forconia
@Forconia 4 года назад
Subscribed
@billsmith9711
@billsmith9711 4 года назад
first time I have ever heard the word apposite used in my life.
@tomowens1571
@tomowens1571 4 года назад
If Italy has access to cheaper products and goods from outside the EU that would dissolve fiat debt.
@indiemusicvinyl
@indiemusicvinyl 4 года назад
Italy and Japan are VERY similar but different at once as well.
@jean-marievanpalm3340
@jean-marievanpalm3340 4 года назад
James Moore no Italian like Dolce Vista. And Japanse They like to work .Order.
@jamesbarr2357
@jamesbarr2357 4 года назад
What a wonderful format and a fascinating conversation. Thank you.
@thomaskauser8978
@thomaskauser8978 4 года назад
How far can China de-value it's currency until it becomes convertable?
@veeeforvendetta
@veeeforvendetta 4 года назад
In Napoleon Hill's Think and Grow Rich... or was it Forbes.. The statement was that CEO's were quick to making changes.. So in actuality they were news driven... Instead of sticking to the plan . (i think that was what I read)
@andrepoon
@andrepoon 4 года назад
The way Florence stopped growth in Siena, it’s rival, was by creating differentiating tax regimes... well isn’t this an argument FOR the EU that is trying to unify tax and red tape...
@onekerri1
@onekerri1 4 года назад
Absolutely not.
@andrepoon
@andrepoon 4 года назад
@@onekerri1 What do you think the single market its?? What to you think Tax harmonisation is...??
@bongoslide
@bongoslide 4 года назад
you think the Vatican will allow the new world order to end?
@Aengrod
@Aengrod 4 года назад
They are not protestants after all, so yes. Protestants are well known NWO supporters.
@leeprice386
@leeprice386 4 года назад
@@Aengrod uk voted to leave the EU ,the home of protestants
@Aengrod
@Aengrod 4 года назад
@@leeprice386 yes, uk needs to be destroyed
@denisehitchens1418
@denisehitchens1418 4 года назад
United nations wont
@bongoslide
@bongoslide 4 года назад
@@leeprice386 UK is not a country it's a corporation that once was registered UK PLC. Britain is the country this is the great trick there pulling on every one
@piscinediquinto
@piscinediquinto 4 года назад
I wish you guys would come and interview me I help run a business in Treviso lived and worked here 15 years
@Justyburger
@Justyburger 4 года назад
This was fantastic and a real pleasure to watch. Around the 30 min mark there is a discussion about short term thinking and a point was made about Capitalism. I thought the point was going to be about Human nature rather than Capitalism. Of course, a system will either safeguard or encourage the worst elements of Human nature. Capitalism does have some inherent flaws, even though i consider myself a Capitalist. I've always felt that Capitalism works, when society puts morals and ethics first. If not, whether we are in a Capitalist system or any other system, it won't really matter. The rot will still set in. So what we must first look at, are principles themselves. Capitalism needs to be principled again. We know it produces great wealth and it highly productive, but it cannot run in an environment of unbridled greed. The old banks were effectively gatekeepers. The gatekeepers have mostly gone.
@DIPSHITONASTICK
@DIPSHITONASTICK 4 года назад
so refreshing to hear financial experts and not feel they are deliberately trying to obfuscate and mislead their audience with obtuse references and concepts while blatantly shilling for some vested interest.
@aquious953
@aquious953 4 года назад
It’s simple: has your life improved after the replacement of democracy with technocrat Corp rule. What about your life isn’t declining? Eg, marriage, demographics, national sovereignty, wages, social capital, etc.
4 года назад
No children. Italians have no children and no hope.
@judithbereczky4114
@judithbereczky4114 4 года назад
A big factor. The invaders will not help, only will worsen the already bad situation.
@askformoreinfowhichyouwont7510
@askformoreinfowhichyouwont7510 4 года назад
Lesson from this video: "It's not 5 centuries, it's 6 and 1/2" I don't know how many times he corrected him.
@jamesbarnes8016
@jamesbarnes8016 4 года назад
lol
@ancap2
@ancap2 4 года назад
Except it's 5 and a half
@thomaskauser8978
@thomaskauser8978 4 года назад
Interest on excess reserves is a real time example of bank balance sheet expansion ring fenced around a dubious middle class?
@privtpile
@privtpile 4 года назад
Next?
@patrickt873
@patrickt873 4 года назад
Great and a classic
@cuttyflam6136
@cuttyflam6136 4 года назад
subbed
@misterm1336
@misterm1336 4 года назад
And one more vital thing, this video is already old as Italy has a new government with M5S and PD. Lega are out. Italy is doomed or shall I say, the poor working class of Italy are doomed. There is a glimmer of hope however, this ‘may’ come from the newest party formed as we speak. VOX Italy headed by Francesco Amodeo writer journalists and Diego Fusaro philosopher.
@judithbereczky4114
@judithbereczky4114 4 года назад
Hopefully Lega will get back.
@misterm1336
@misterm1336 4 года назад
Judith Bereczky maybe but If Salvini has any chance for a come back he has to stop being interested in Selfie’s and do some real work.
@muffinman1
@muffinman1 4 года назад
Very interesting. Want to hear from our Italian friends in the comments.
@thearcadian290
@thearcadian290 4 года назад
No one has left yet!
@chiliphil64
@chiliphil64 4 года назад
Banks are just a tool box. Where this toolbox does not hold spinners or screwdrivers but promissory notes. The fee for these promissory notes should only be the cost to manage this note. No profit on the note only the management of the note.
@rus5979
@rus5979 4 года назад
Next? Who’s already left???
@JustBob-sw4rf
@JustBob-sw4rf 4 года назад
Italy’s debt problem is that it doesn’t have it’s own central bank and local currency. If they did they could have their CB monetize the debt. Then rig the government inflation statistics to under report the real inflation rate. Consequently, the rest of the inflation gets counted as ‘growth’. Problem solved, just like in China and the USA. It’s not real growth but all their economists and government officials will pat themselves on the back and talk about how brilliant they are that they’ve solved the growth problem. Being a member of the European Union is such a drag in these circumstances.
@virgil9032
@virgil9032 4 года назад
Exquisite.
@geo3219
@geo3219 4 года назад
Steve Diggle & Grant Williams please help put some understanding on how Italy's debt to the world bank got to the trillion number and ? 2 ? of them come on gentlemen two trillion that needs an explanation for me to even start to get my head around that amount owed :-\
@b.griffin317
@b.griffin317 4 года назад
it is unpayable, just like all the other top-tier countries. it is easier to take on debt with interest rates as low as they are today than tax your people. before you know it you've mortgaged away your entire country. all first world countries have gigantic entitlements to retirees and healthcare to a rapidly aging and expense to keep alive population, while the working age people paying taxes are disappearing. 20-60 year olds, or even in many parts of europe 20-50 year olds have to support the lifestyle, and extreme healthcare costs, of 0-20 and 50/60-80/85 year olds, while also supporting themselves. now the younger working age population is shrinking and the older retirees are growing in number. add to this the labor restrictions in europe make it hard to get a full-time job before your 35, and now 35-55 year olds are supporting everyone else. none of this makes sense.
@Zeckellin
@Zeckellin 4 года назад
Default is unlikely. But if there is corruption at an international banking level - if this is revealed - then cancelling the debt becomes more feasible philosophically and politically.
@b.griffin317
@b.griffin317 4 года назад
the only corruption is artificially low rates and easy money to prop up germany at the expense of the rest.
@RudyAmid
@RudyAmid 4 года назад
Italian's government light bulb moment: "Let's tax the big tech American companies!" *ka-ching* instant cash
@johncoppinger3208
@johncoppinger3208 4 года назад
Who was the first country to leave the EU ?
@Skargar
@Skargar 4 года назад
Regulations, made by beaurocrats far away from the people and without accountability, are strangulating businesses that want to solve peoles problems. Sad to see so industious, creative and inventive people with one of the richest history brought to their knees.
@b.griffin317
@b.griffin317 4 года назад
many of those regulators are domestic, as was pointed out in this video.
@turndroid234
@turndroid234 4 года назад
I sure do hope so.
@jopink7674
@jopink7674 4 года назад
Bravo Italia!!!!
@jjg19631
@jjg19631 4 года назад
We should have formed a trading block with the north of Europe. Without Spain, Italy, Greece and maybe even France. But that is over and done, I don’t think ANY country can afford leaving the EU.
@trevorcox3607
@trevorcox3607 4 года назад
No because they dont hate the EU like we do and they get more money back from the EU than what they pay
@BlueToronto
@BlueToronto 4 года назад
There may be many many systemic issues in Italy but you can't deny that going back to their own currency would increase exports, increase tourism and create jobs. Yes imports would become more expensive but that doesn't seem to have hurt China. It may be a band aid and the "easy" way out but it would bring growth and some positives. And you can't deny the importance of psychology either. If more people have jobs and an income, that creates more optimism and maybe more of a willingness to collaborate and reform.
@dricard953
@dricard953 4 года назад
China doesn't need to import as much as Italy does. Its a massive, resource rich country. Italy is not. No singular country in Europe is.
@paulbogo790
@paulbogo790 4 года назад
Italy has the highest tourism in the world, its not that its the red tape and corruption that's the issue, I was in cinque terre and Florence last year tourist everywhere hotels full, restaurant full and was thinking how is Italy broke with all this happening year after year!
@dricard953
@dricard953 4 года назад
@@paulbogo790 Tourism is a fickle industry and does not provide high end employment. An economy aiming for growth needs to focus on other sectors. I'm saying that devaluing the currency (like China) may not have the same positive effects for Italy. This is because, unlike China, Italy imports most of its raw materials (food, clothes, energy ect).
@BlueToronto
@BlueToronto 4 года назад
@@dricard953 What Italy imports food? Some food sure, but I assure you they can be quite self-sufficient with food. I mean they are famous for their food and their food is exported across the world so I really doubt they need to import that much, not to mention that Italy has nowhere near the population of China. Same thing with clothes, they are famous for their clothes, if they had a weak Lira I am sure their clothing exports would once again become very competitive. I have no doubts Italy would need to import energy and raw materials but again they have nowhere near the needs of China nor would the Lira be anywhere near as weak as the Yuan is.
@dricard953
@dricard953 4 года назад
@@BlueToronto Whichever way you put it Italy would be a net importer of food and net importer of energy (and most other raw materials). Exporting ham, olive oil and wine does not count as self sufficient. Nor does Chinese manufactured clothes with Italian brands and labels on them. Like I said before, net importers prefer stronger currencies. What makes things different for Italy is that it is heavily indebted so theres an argument for devaluing in order to 'politely' default on its debt. This will, however, make its citizens much poorer (especially pensioners and other bond holders) and may impact Italys ability to borrow money in the future. What I'm saying is not controversial. These are the problems caused by demographic declines. But there are too many humans on the planet and we are damaging the Earth. So these are the problems we will face as we reduce our species population to a sustainable level that we will not cause our own extinction. The quote in the above video describing a motto in banking is probably quite apt and might capture a nation like Italys strategy in regards to this. 'One can fail, but one should never fail on your own.. (to paraphrase).'
Далее
PORTAL SPAMMER🤬🤬🤬| Doge Gaming
00:19
Просмотров 1,6 млн
Steve Bannon's Warning On China's Trade War
54:01
Просмотров 2,7 млн
The Coming Retirement Crisis Explained by Raoul Pal
49:00
What Should Leaders Learn from History?
28:33
Просмотров 320 тыс.
Is the US vs. China Trade War a Cold War?
58:39
Просмотров 354 тыс.
What the 1% Don't Want You to Know
24:31
Просмотров 3,7 млн
Exiled Billionaire's Accusations of China
52:48
Просмотров 6 млн