It is my obligation to issue warnings to our subscribers regarding financial markets, wealth preservation, and wealth creation.
It is also our professional obligation to deliver messages, from others, that we believe to be honest. Those opinions may or may not be our own personally, but I do allow them to share their message with our readers.
If you attended our international webinar August 22nd, then you may find Jonathan Cahn's message quite interesting.
In no uncertain terms, I plead with you to speak to one of our local representatives to become a Wealth Preserver subscriber. It may be the difference between long term slavery or financial freedom for you and your family.
Or you can email us here for more information?
Austerity is a state of reduced spending and increased frugality in the financial sector. Austerity measures generally refer to the measures taken by governments to reduce expenditures in an attempt to shrink their growing budget deficits. Austerity measures are generally unpopular because they tend to lower the quantity and quality of services and benefits provided by the government. Beginning in 2009, several nations were forced to embark on unprecedented austerity measures. These measures were necessitated by budget deficits that soared to record levels because of actions these countries took to stimulate their economies following the massive credit crisis and global recession of 2008.
More clearly . . . it is government confiscation of a populations wealth to pay for their own stupidity.
Italians want nothing to do with it!
A major general strike has paralyzed Italy as public life style has simply collapsed. Nationally, 54 demonstrations were held around the country.Citizens are protesting against the austerity measures and labor market reforms the government has been compelled to implement because of Brussels.The German Chancellor Angela Merkel had recently called for a tightening of austerity in Italy and she simply cannot understand that the fears of inflation in Germany are unrealistic. She is imposing a new Great Depression on the rest of Europe.
The very idea that one European government would prevent war is being proven to be dead wrong. The people do matter and they will tear Europe apart at the seams. German culture cannot be force fed to Southern Europe. This is laying the seeds for European internal war – not preventing it.
Renzi’s comments, made on the sidelines of an EU summit in Brussels on Thursday, mark the latest twist in a mounting row over Rome’s proposed budget for 2015, which has come under fire from the EU Commission.
Earlier in the day, the Commission’s outgoing chief Jose Manuel Barroso had vehemently criticized the Italian government’s decision to publish a letter from the EU requesting clarifications on the budget.
The letter, signed by the EU's Economic Affairs Commissioner Jyrki Katainen, was marked "strictly confidential".
Slamming Rome’s "unilateral" decision, Barroso said the Commission preferred that budget talks with member states take place behind closed doors.
The Commission chief, who steps down on October 31, said his team was "in consultations" with several countries over infringement of the rules and "it's better this happen in a context of trust".
In Italy's case, the proposed budget complies with the EU’s strict deficit ceiling of 3% of GDP, but falls well short of required commitments on structural reform.
Renzi responded to Barroso’s criticism with a threat to shed light on Brussels' own spending.
"We will publish data on everything that is spent by these palaces. We're going to have some fun," he said.
Renzi also insisted that Italy’s budget posed “no problems”, underscoring Rome’s decision to adopt a hard line in talks with Brussels.
Galvanized by mounting popular discontent against the EU, Renzi’s administration has become more vocal in its criticism of the budgetary orthodoxy preached by Brussels.
In so doing, it has lent support to France, another critic of austerity policies and a frequent violator of EU budget rules.
French officials have confirmed they also received a letter from the EU, though they do not intend to publish it.
The dialogue with Brussels continues "in very good conditions", French President François Hollande said Thursday, stressing France's commitment to EU budgetary rules but "with the maximum flexibility".
France has forecast a budget deficit of 4.3% in 2015, far above the expected 3%.
It has defiantly ruled out any further cuts to spending, claiming these would do serious harm to its fragile economy.
The Commission has until next Wednesday to decide whether Italy, France and the other recipients of the letter are in "serious" breach of EU rules.
But admonishing France and Italy, the second and third-biggest eurozone economies, and formally demanding a change to their budget would be a huge political risk.
EU officials are wary of the possible fallout in both countries, where near-zero growth and soaring unemployment are fuelling support for eurosceptic and far-right parties.
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Livio S. Nespoli has been a broker, registered investment advisor, and financial publisher since 1985.