"Italian Referendum: No!" Why it Will Matter to You
Sunday, December 4, 2016 17:49
% of readers think this story is Fact. Add your two cents.
“Italian Referendum: NO!”
Italy’s PM Renzi cedes defeat, plans to resign after
decisive ‘No’ vote in constitutional referendum.
by RT
“Italian Prime Minister Matteo Renzi says he takes full responsibility for the crashing defeat at the referendum he proposed, which would have reduced the powers of the Senate. Renzi intends to send in his resignation on Monday. “The experience of my government ends here,” Renzi said in a televised news conference, adding that his defeat was “extraordinary clear.” “I have lost and I say it out loud,” he said, the Guardian reported. “Tomorrow I will gather the Council of Ministers, and I will go to the Quirinal Palace to resign,” Renzi said, confirming his plans to tender his resignation to the country’s president, Sergio Mattarella.
According to Italy’s Interior Ministry, some 70 percent of Italy’s eligible voters took part in the referendum, after more than two-thirds of polling stations reported their results. An exit poll conducted by the Piepoli Institute/IPR for RAI television estimated that 40.9 percent voted “Yes,” while 59.1 percent voted “No.” RAI projections indicate that voters in only three of Italy’s 20 regions cast ballots to approve the reform, while in 17 regions the proposal was rejected. Ahead of the referendum vote, Renzi promised that he would step down if his proposed constitutional reform was not approved.
The founder of the populist Five Star Movement, former comedian Beppe Grillo, who campaigned against Renzi’s proposed reform, arguing that it could undermine political balance in the country, said that “democracy has won,” praising the vote. “Times have changed,” Grillo said in a statement. “Sovereignty belongs to the people, now we are starting to really apply our Constitution. The main winners are the citizens who raised their heads and went to vote en masse, forgetting about the TV and newspapers, to reject the Constitutional reform.” The Five Star Movement leader called for snap elections to be held “as soon as possible.”
Renzi’s plan to limit the Senate’s powers has drawn strong criticism from the Italian opposition. Matteo Salvini, of the right-wing Northern League, hailed the “No” vote, calling it a “victory of the people against the strong powers of three-quarters of the world.” France’s far-right presidential candidate, Marine Le Pen, leader of the National Front, has also welcomed the Italian referendum result, congratulating “our friend” Salvini, who shares his Eurosceptic stance with Le Pen, on the “victory.”
The proposed legislation envisaged a significant reduction in the powers of the Senate, the upper house of the Italian parliament. Under Italy’s 1948 constitution, both chambers of parliament, the Chamber of Deputies and the Senate, have equal importance in the adoption of any legislation. Before a bill can be made into law, it has to be passed by both chambers. The two-step approval system often led to a gridlock and was blamed for being ineffective. The constitutional amendment put forward by Renzi would have capped the power of the Senate so the government would no longer need its approval on an array of laws, including budget issues.”
◆
Related:
And this concerns you how, Good Citizen? In a word: derivatives. The global banking system is so interconnected that a failure of, say, Deutsche Bank, would have catastrophic effects on European and American banks like these due to their derivates exposure. (For perspective, the entire GDP of the US is about $17 trillion):
• Goldman Sachs- $47.7 trillion
• Bank of America- $53 trillion
• Citigroup- $56 trillion
• JPMorgan- $78.1 trillion
Here we see fraud in its most-elementary form. ‘Legitimate’ bookies never bet in their own “market”. Even in the world of quasi-illicit gambling, it is recognized that allowing this would allow bookies to rig their own gambling. But not in the world of “banking” and “derivatives”. Here the biggest bettors in this fraudulent gambling (by many orders of magnitude) are the bookies themselves. (Numbers from October 2015, undoubtedly much higher today.)
Like dominoes, if the Italian banks collapse, and they will, they’ll drag down Deutsche Bank and the rest of Europe with them, who then in turn would collapse the American banks into instant insolvency and bankruptcy. Meaning, lights out for the global, and local, financial system as we know it. Look at the numbers involved, this is what these psychopaths have done… Prepare yourselves…
~~~~~
BIN NOTE: If by now you haven’t figured out that Facebook and Google are in cahoots with the corrupt government, then I feel for you, but for those who are well aware of the issues it’s high time you switched over to Seen.life. It is a website that is similar to Facebook but without all the censorship.
Source: http://coyoteprime-runningcauseicantfly.blogspot.com/2016/12/italian-referendum-no.html
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).
MOST RECENT
HELP KEEP NEWS FREE
DONATE
HERE
| Online: | |
| Visits: | 1,605,552,422 |
| Stories: | 8,137,536 |
Wanted: Citizen Reporters,
Whistler Blowers, Insiders
Whistler Blowers, Insiders
"Not by might, nor by power, but by my spirit, saith the Lord of hosts." Zechariah 4:6
Today's Top Stories
Featured
Top Global
Top Alternative
Time to end central banking and fractional banking forever. No one should have the power to create money out of thin air ever again. This is how they control us.