/biz/ - Business & Finance

[Anonymous No.9674005]

Can someone explain the currently unfolding Italian Crisis and how it will affect the Eurozone?

How bad might things get and what are the odds of everything going to shit?

[Anonymous No.9674022]

>>9674005
shitally cannot print euros
shitally will ask for moneis
Germania will not gib them
shitally will print I owe yous, euro will be fine

[Anonymous No.9674038]

>>9674005
short term
>360b bad loans in italy alone
>EU cannot let Italy out, otherwise gg
>either help them and pay some of their debts
>everything gucci for now
>10y later
>even worse
long term
A:
>give the countries their own currency to balance their eco
B:
>the countries who benefit from euro have to pay transfers to the other ones, like germany

[Anonymous No.9674040]

>>9674005

Europe has been sliding down the shitter for years now. Hidden inflation is about to cuck everybody as the euro collapses. It is also becoming lil Syria and filling with degenerates. Ultimately countries like Italy, Ireland, Greece, Spain are going to be sooooo fucked that the validity of the EU will come into question and countries will start backing out one by one. If you have the funds then shorting the euro is a good play. The entire EU economy is propped up artificially.

[Anonymous No.9674052]

Hedge Funds are going to make trillions from the collapse of Italy. Business as usual guys. Praise capitalism!

[Anonymous No.9674068]

>>9674005
the pigs are in a bad way and have been for some time. debt, youth unemployment and stagnation have been the norm for a few years. traditionally the eu counters unrest by installing their leader usually a gs or jpm bod whose sole purpose is to protect the banks. it seems this time italy have rejected the plant and the coalition govt of left and right have been disbanded by the central banks. the people everywhere are getting fed up of central bank monetary policy and politician stooges i dont know how this will end.

[Anonymous No.9674123]

>>9674040
Nice fud. Just bought 100k eurcoins.

[Anonymous No.9674140]

>>9674123
Nice just printed 200k extra

[Anonymous No.9675057]

pigs want to party and sleep all day with money given from germany
germany says they want their money back occasionally
pigs laugh and say, then no EU!
germany backs down and says its okay no need to pay back, here's some more money.

process repeats until 30 years from now when germany is islamic caliphate and wars erupt

[Anonymous No.9675084]

>>9674005
literally the most that can happen is that the economy and living standard of italy suffers slightly

nobody cares

[Anonymous No.9675149]

>>9674005
i'm italian, i can tell you we are good, far better than you might think... a lot of people work without paying taxes, and that is not well presented in the statistics... i personally would exit euro because the central EU government fucked Berlusconi over when he was in fact doing good with the help of financial speculators... Italy should be the biggest economy in the euro zone and we have great minds there that know how to exit euro in a good way.. we don't want no more shitskins and niggers too, we gate them and they know it but it's a mafia business now so they are letting them in, not for long through, we will start a shitstorm soon

[Anonymous No.9675164]

Daily reminder.

[Anonymous No.9675169]

>>9675149
>bunga bunga

[Anonymous No.9675199]

>>9675169
Berlusconi is a legend, banging bitches with George Clooney while making bank

[Anonymous No.9675206]

Italianfag here, we're fucked. Too many sheeps that aren't able to realize what is happening so rioting is out of the equation, at least for the right causes.

[Anonymous No.9675221]

>>9675199
He is a traitor to the whole. A symptom of our times. Humanity will not advance unless people like him (and many many other top politicians) are put six feet under.

[Anonymous No.9675240]

>>9675221
He called Merkel an unfuckable lard ass. That's based as fuck

[Anonymous No.9675251]

>>9674052
You stupid nigger what's happening in Europe (or here) isn't capitalism. It's fucking socialism because of fiat currency. You can't have freedom, prosperity, and capitalism unless you have real money.... gold.... backing the currency.

When the fed bailed out banks in America in 2008 that's the opposite of capitalism... that's socialism. It doesn't matter if you give a crackhead nigger welfare or a bank welfare... they are both socialism.

Capitalism is private profits and private losses not private profits and socialized losses.

[Anonymous No.9675266]

>>9675251
Capitalism is letting banks fail. To expand on my post above.

[Anonymous No.9675268]

>>9675149
Hush now. We want this to be a fucking mess, worse than Brexit - give us a repeat of Greece. Hopefully it’s drags the European banks down enough to cause problems and disrupt people’s belief in their system (already shown by how little faith the Greeks and Italians have by not declaring things for taxes and cash in hand work). When the system is shown to be unstable and people lose faith, crypto, specifically BTC, sees a good strong pump

[Anonymous No.9675269]

>>9675240
It's irrelevant. A publicity stunt. If he called out her politics, it would be more impressive.

[Anonymous No.9675271]

>>9675221
ahahahah, Berlusconi is a self made man, ne hustled hard you can't front on him... before Sarkozy fucked Everything up with the usa help he secured a fantastic deal with Gheddafi, "they" didn't like it and you know what happened next... wake up!

[Anonymous No.9675300]

>>9675271
It's frightening to see that men want airheads and 'selfmade men' to lead their people. You have some waking up to do yourself.

[Anonymous No.9675302]

>>9675057
This sounds fun. We live in a time when you don't think you will have actual wars on the ground in civilized countries.

I hope it's sooner than 30 years. I'm 40. You've seen everything there is to see by my age. I want to have some fun and hunt down some muzzies

[Anonymous No.9675339]

>>9674005

Italy is a corrupt shithole which politicians promise gibs but doesn't have enough taxes to pay for them. This isn't a problem if you have your own currency since you print money, hence why Italy had high inflation and a weak currency before the Euro. Now that they are in the Euro, they can't do that unless they get the European Central Bank to do this. Since it is controlled by Germany that balances their budget, they don't see a problem since they have growth and low inflation.

[Anonymous No.9675343]

>>9675300
i can write pages of reasons why Berlusconi was the better candidate for a while... now he's time over through, i'm voting Salvini and i want Savona at economica, who are you voting?

[Anonymous No.9675383]

>>9675339
Italy problem is only the south, the north of Italy is the most productive place of Europe

[Anonymous No.9675494]

>>9674005
kek why tf italy monei aesthetic af?

[Anonymous No.9675498]

>>9674005
https://www.blackrockblog.com/blackrock-geopolitical-risk-dashboard

Check this out, anon.

[Anonymous No.9675673]

Populist Italian parties got into office last election, they had to form a coalition. They wanted a guy who wanted to pull out of the Eurozone for Finance minister, the President refused to confirm him. So the parties chucked a hissy fit and refused to form government, now a technocratic government that NO ONE voted for is gonna take power, and no one knows when the next election will be.

The fear of Italy leaving the Eurozone are going back to the Lira (if Italy goes to another election next month and the popularity "Eurosckeptics" win) has caused a run on the Euro and Italian Treasury Bondholders have been selling. If Greece is anything to go by - I'm not familiar with the Italian political scene - the talk of leaving the Eurozone is bluster. Italy in real terms benefits from trade with Eurozone members, even if the debt problems fuck them in the ass.

Problems for Italy will remain, we're talking about a aging population, which is one of the main transit points for """""refugees"""" which Italy has to pay out of their own budget to intercept process, a patriarchal society (i.e. not many women in the workforce), and the far south is riddled with Mafia rackets which makes competition and new investment very difficult.
How you solve all those problems is a lot like trying to solve how you bring employment back to the Rustbelt of America, when manufacturing is no longer economically viable.

>>9675494
Italians started the Renaissance, that's why it's vaporwave af. They were OG vaporwave.

[Anonymous No.9675731]

>>9675251
you're conflating socialism with communism.

capitalism without socialism is fascism.

socialism without capitalism is communism.

[Anonymous No.9675750]

>>9675731
sounds exactly like what a commie would say

[Anonymous No.9675796]

>>9675731
That's really really stupid
You sound like someone who doesn't know what capitalism is

[Anonymous No.9675858]

>>9675796

i actually have a masters in economics and a financial advisor at an investment bank.

socialism pays for our us army
socialism pays for our public schools and highways and fire departments, and everything you dont have in a third world shithole because people can come to a consensus that their money is being used for the greater good to benefit the public.

let me ask you how do you expect to pay for all the shit i just mentioned above??

youre just a brainlet who cant tell the difference between communism and socialism

[Anonymous No.9675860]

>>9675498
>2008 Lehman collapse
>0 risk
Ofc Blackrock

[Anonymous No.9675883]

>>9674005
I don’t have time to explain the situation, but this is the wrong place to ask. People on biz are morons when it comes to economics.

[Anonymous No.9675918]

>>9675251
and the central banks bailing out the commercial banks from 2008 housing bubble was an example of extreme fascism not socialism you fucking brainlet


maybe your aloof to who controls and creates the money and who owns and controls the federal reserve.

the federal reserve is not even a government agency.

[Anonymous No.9675955]

>>9674005
Venezuela, Argentina, Turkey, and now Italy. How much longer until until the anglosphere takes a hit?

[Anonymous No.9676003]

>>9675731
>Facism

That's not what Fascism is. Fascism is closer to Socialism than Capitalism in some regards. It's oriented towards the nation and society as more important than economics, and makes the merchant class subservient to the ruling classes. It's anti-materialism.

It's also supposed to be heavily anti-burgeoise, which was a major failing in the early 20th Century. My problem with it is that it's still too populist, too democratic. It derives the authority of the ruler from the mandate of the people and justifies itself in thatveay. To reinstate a glorious Imperium means the authority must derive from the transcend principle of Authority itself, the Emperor a literal embodiment of the Platonic ideals of superiority and power. That grants an intrinsic right to rule, with the people ruled in a hierarchy of ability that each person acknowledges from understanding their place in the world.

[Anonymous No.9676082]

>>9676003

it's actually less associated natialism. google recently modified the definition.

facism is more associated with a "centralized autocratic government" which is exactly what the U.S has turned into: a corporate run state where the real leaders serve no term or are even elected.

and they do this by giving you the illusion of free choice, ie presidential elections.

and having the media polarize the masses with bi-partisan political fallacies.

and controlling the federal reserve and making u slaves thru taxaxtion

[Anonymous No.9676114]

like every country infiltrated by jews and run by unqualified freemasons, the population of italy wants all the politicians dead. People in USA want all the politicians dead. They have the same problem with kooks in 3 piece suits ruining the country with jew first laws and masonic creepos in very branch. There is going to mass bloodshed and the politicians are going to die. pretty simple and a ray of hope in a bleak corrupt world. KILL THEM ALL

[Anonymous No.9676188]

>Italy had election after years of technical Governments
>people voted
>1 party got most of the votes
>1 political coalition got even more votes than that single party
>they struggle to find majority to make a Government even if they try to collaborate
>President of the Republic dedice to elect a technical Goverment not elected by people
>People asking for impeachment
>Spread goes to the moon
>Markets react accordingly

[Anonymous No.9676236]

>italian crisis mattering
>meanwhile at deutsche bank

[Anonymous No.9676308]

>>9675673
Flat out war against mafia organizations and rapid change in the general polulation's opinion on the system and taxes.
Taxes that'll have to be managed properly for the benefit of all. Maybe legalize weed to inject all those black market money into the system and weaken mafia at the same time.
Generally speaking people of italy have to learn to trust each other.

Can't possibly happen obviously.

[Anonymous No.9676334]

>>9676188
wrong, the spread started to fly because lega and m5s wanted Savona at economics... Savona was ready to even get out of euro if needed and the republic president blocked him, so lega and m5s stopped the government creation and asked to vote again.. this mess happened mainly because the electoral law in Italy sucks, it's proportional so a political party to rule must get at least 41% of the Total, and It ain't happening with the current situation

[Anonymous No.9676359]

>>9675149
But Italy was a thriving economy up until the EU strangled it

Now everything runs through Germany and China.

The biggest mistake of the modern era was turning the EEC into Soviet union lite.

[Anonymous No.9676965]

>>9675149
What are the chances Italy exits euro and backs their new lire by bitcoin? I'd love to see that.

[Anonymous No.9676983]

>>9676965
Low... because that would give the EU the killing blow

[Anonymous No.9677028]

Raphael was based.
>Vasari implies that Raphael’s death was brought on by too much love practice. He has him dragging himself home one stormy night after “excess” and dropping on the bed with a high fever. When the doctors asked him what he had been up to he lied. He was ashamed to tell them about the orgy.

[Anonymous No.9677175]

>>9677028
>being a degenerate orgy goer is based
Cant wait for summer to end.