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Subject Italy has killed the EURO: you read it here first
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Original Message The final conclusion of the italy vote is, that the people voted against austerity and against what they see as the dictatorship of the markets.

That are the repercussions:


1) The way out of the debt problem, was invented in Brussels, with the northern states and with the banks.

It says, that the way out of the crisis is to reduce the level of state spending to the level of incoming tax money + 3% more debts.

2) This concept looked good on paper, reassured the markets, let the BMP fell, reforms were being voted in, and means of increasing the state budget were put into place.

3) The reforms, put into place by the states, taxed the normal people, state reforms, meaning reducing the state footprint against the GDP, were not in consideration and were thus not put into place.

4) Italien people voted against this politics. Probably others will follow in europe in the next years to come.

Political systems are about to being crushed, parties will cease to exist, others will emerge, old systems will disappear, new ones will emerge.

5) That looks good, on the first sight. But my interest here is to analyze the impact on the euro zone.

My conclusion:


The italian vote was the death bell for the euro.

You cannot make politics against the people. People do not accept the white paper of the banks and the EU bureaucrats.

Eventually states will leave the euro zone and the EU Brussels burocrats, they will say:

I vote for a government, I want my own state money, and I want to vote again in some years, judging on what has been done.

But I do not want to bleed for a common currency and neither for ideas and measerement put into place by a far away brussel technocrat machinery, which nobody knows.

The euro is history, it is a living dinosaur. Now lets enjoy the end game.
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