WATCH: #BNNNewsroom Reports

Christine Lagarde (@Lagarde):

'There is too much uncertainty, particularly in one component, that is the pass-through in high energy costs at wholesale level into retail level.’

"I would be "surprised" if inflation had already peaked." pic.twitter.com/P8paLgRFUa

— Gurbaksh Singh Chahal (@gchahal) November 29, 2022

⬇️
"Eurozone inflation is running at record high and hasn't yet peaked, ECB President Lagarde said, signalling further interest rate hikes to come"

Lagarde earlier this year:
"We see inflation as a hump which eventually declines. Inflation will decline over the course of 2022"
. https://t.co/7FRFU9hUNo pic.twitter.com/2tkd02kvHL

— ️ƚ'ᔕ 卄Λ🅱️🅱️ΞͶ️ͶⒼ (@Habbening_it_is) November 29, 2022

This ride is just getting started, goyim.

RT:

Inflation in the euro area has not peaked and is likely to surge even higher than currently expected, European Central Bank (ECB) President Christine Lagarde warned on Monday.

According to Lagarde, it’s hard to tell whether inflation, which hit a record 10.6% in annual terms last month, would come down soon in the bloc of 19 countries that use the euro currency.

“I would like to see inflation having peaked in October, but I’m afraid that I would not go as far as that,” she told EU lawmakers in Brussels. “There is too much uncertainty, particularly in one component, that is the pass-through in high energy costs at wholesale level into retail level, to assume that inflation has actually reached its peak. It would surprise me.”

Lagarde added that ECB economists still saw clear “upside” risks, meaning that inflation readings could come in higher than projected.

Frankly, the plan to stop the inflation is worse than the inflation.

This is not the 1980s, and these normal methods of raising interest rates are not going to do anything but make it all much worse.

At this point, watching Bloomberg talk about the economy is like watching people talk about the coronavirus in 2020. It’s just surreal.

Remember being told how the financial crisis of 2008 would never have happened had women been in charge of finance? I do.
So, how do we explain all this inflation in Europe with Christine Lagarde in charge of the European Central Bank?
Anyone? 😉 pic.twitter.com/iM3O1PkW9e

— thebritisher (@thebritishertwi) November 28, 2022

Come on Salvini, I know you have it in you.

Get Italy out of the Jewropean Union.

The people are with you.

Italy leaving would essentially mean the end of this abomination meant to turn Europe into a shithole of 80ish IQ mongrels ruled over by foreskin-munching humanoid rats.

Breitbart:

A Eurobarometer poll has found that Italy has become the most eurosceptic country within the European Union as only 44 percent of Italians would vote to remain in the bloc if a referendum were held.

DO THE REFERENDUM ALREADY!

Or even better – JUST GET OUT WITHOUT ONE!

BTW, does anyone else get really annoyed when he sees the word “eurosceptic”?

Saying that people who are against the EU are “eurosceptic” or “against Europe” is completely insane.

There is nothing more “eurosceptic” than the EU – it’s main purpose, that it was built to do in the first place, was to exterminate Europeans through mongrelization.

Merkel got an award from this guy’s foundation

There is literally nothing more pro-European than being against the (((European Union))).

The results of the survey were much different when Italians were asked about keeping the euro, with 65 percent saying they supported Italy continuing to use the currency, Il Giornale reports.

Eh… That doesn’t make a lot sense.

The euro does literally nothing except undermine the sovereignty of the countries that adopt it, which is a crucial step in the problems people hate the EU for.

Still, if Italy leaves the EU, then there’s a good chance the whole union will collapse, and the euro with it.

The Italians are much less positive on membership of the EU compared to the average across the political bloc in which 66 percent said they would favour remaining in the union.

That average is probably skewed a lot by eastern European countries, where people are still getting the benefits of being in the EU (going to work in the richer countries is basically the main thing), but still haven’t gotten to the (((downsides))) of joining.

Having your country filled with all sorts of monkeypeople is the kind of thing that makes you think about stuff you never thought about before

Italy is even less positive on the European Union than the United Kingdom, which is in the process of leaving the continental bloc.

So what’s the problem?

Populist Italian Interior Minister Matteo Salvini reacted to the data saying of the EU: “It is clear now to everyone that it needs to be re-founded.”

“I dream of a Europe that does few things and does them well. The next year’s European elections will be a historic occasion,” Salvini said.

The EU already does few things – Flood Europe with non-Europeans, teach little boys to cut their dicks off and pretend they’re girls and waste productive people’s money – and it’s very good at doing them.

Just bring the whole thing down already, we’ll see what’s what afterwards.

Ideally, European countries would have some kind of pact/alliance that the interests of Europeans as a whole – space colonization, extermination of all mud people, making better cartoons than the Japs, important stuff like that – but without any kind of supranational institution that affects sovereignty.

That would be very beneficial, but it can’t happen unless the Jewropean Union gets destroyed first.

European Parliament President Antonio Tajani took a more positive approach to the results saying: “The appreciation for membership of the Union and its benefits is growing in almost all of Europe. The single currency also appeals to the great majority of citizens.”

“We certainly can not rest on our laurels. In some member states, including ours, the percentage of those who think that membership is positive is still too low. We must redouble efforts to show that the Union can give truly effective answers to the main problems of Europeans, such as immigration, security and unemployment,” he added.

What?

How can anyone just say the exact opposite of reality without any kind of hesitation like that?

This guy must be a Je… No wait, he used to be a journalist, so he’s used to lying more often than he breathes.

But despite all the lies, we’re going in a good direction.

And there’s no stopping it, no matter what the kikes and shabbos goys do about it.

Let’s hope Italy does us all a favor and takes the lead.

So lately it’s looking like Marine Le Pen may indeed have a chance in this year’s French Presidential election.

I hope that she is speaking with Steve Bannon. That guy knows what he’s doing.

Daily Express:

MARINE Le Pen has pledged to withdraw France from the eurozone if she is sworn in as the country’s new president in May.

The Front National leader, who, according to polls, is set to waltz through the first round of voting, told the French radio station Europe 1 that the euro had “failed miserably”.

Mrs Le Pen said that the single currency, which was introduced in France in January 2002, had triggered a general increase in prices and substantially eroded the purchasing power of households.

She then suggested that Europe returns to a basket of recognised national currencies, which would be linked though a common currency system like the European Currency Unit (Ecu) in a bid to “soften” the economic impact.

Mrs Le Pen believes that doing so would allow France to re-introduce the franc, while maintaining economic relationships with eurozone countries.

The hardline leader said one French franc would be worth the same as one euro.

She said: “Households will no longer have access to the euro.

“French people will use one currency – the franc – and nothing else.

“We are, however, willing to negotiate a monetary cooperation with other European countries, but this is something that would only concern companies and the government.”

The traditionalist said France was the “victim of monetary dumping” from the EU and that the country had suffered a “loss of competitiveness” as a result.

Citing International Monetary Fund (IMF) data, Mrs Le Pen added that the French euro was “overvalued” by around 15 per cent, before adding that the single currency was “killing France”.

She is also, of course, pushing for an exit from the EU itself.

If France leaves, the EU is over.

In many ways, the French election is the most important happening of 2017.

Well, that was quick.

Godspeed.

AP:

A leader of Italy’s 5-Star Movement is pressing for a vote on whether the country should keep the euro as its official currency.

Alessandro Di Battista, one of the populist party’s several leaders, said in comments published Thursday in La Repubblica newspaper that “euro and Europe aren’t the same thing.”

Movement founder Beppe Grillo has long railed against Italy’s membership in the eurozone, the 19 countries where the euro is the official currency.

Suggesting the party might push for a referendum on abandoning the single currency, Di Battista said: “We want only that the Italians decide.”

…

Elections now scheduled for 2018 might be held a year earlier.

I’m still pulling for Le Pen.

But it looks like Italy is where it’s all going to go down.

Battista says the euro and Europe (by that he means the EU) aren’t the same thing, but they effectively are. Firstly, the single currency program is a cornerstone of the union. Beyond that, any nation that is opposed to one of the union’s corenerstones is probably going to be opposed to the EU in its entirety.

Also, if Italy leaves the euro, there will be EU hostility towards them. Even if the union masterminds want to keep them in either way, the system itself will begin to punish them automatically.

In fact, following the referendum, Italians are already out on the streets demanding an exit from the EU.

Dal centro di #Roma: il nostro NO lo senti nelle strade, questa sera il tuo governo cade! #CeChiDiceNO #referendumcostituzionale pic.twitter.com/bZXmxQl5eq

— C'è chi dice NO (@cechidiceNO27) December 4, 2016

Italy has nothing to gain now that Britain is leaving – they used to like going there to work, but whether they’re allowed to continue doing that or not isn’t going to be dependent on the EU now.

The real question here is: how do you make a portmanteau of “Italy” and “exit”?

After having spent days contemplating it, I’m going with “Ixit.”

“Itaxit” just simply does not work.

So, please: #Ixit.

That may not seem important, but seriously: it actually is. Language makes things happen, and buzzwords are extremely powerful. The Jews have long understood this. We also must understand it.

Good news, everyone!

RT:

Italy and other countries may leave the eurozone in the next few years, predicts Nobel Prize-winning economist Joseph Stiglitz. He blames the euro and German austerity for the stalled European economy.

“There will still be a eurozone in 10 years, but the question is, what will it look like? It’s very unlikely it will still have 19 members. It’s difficult to say who will still belong,” Stiglitz said in an interview with German newspaper Die Welt.

“The people in Italy are increasingly disappointed in the euro. Italians are starting to realize that Italy doesn’t work in the euro,” he added.

According to Stiglitz, Germany had already accepted that Greece would ditch the euro. He added he advised Greece and Portugal to leave the eurozone.

Stiglitz criticized Germany’s austerity policy, lack of European solidarity for solving common economic woes and the single currency. The best solution to boost the European economy is to break up the euro, creating two different currencies for northern and southern member countries, the economist said.

The United States has recovered from the 2008 crisis, while the EU is still suffering, “the big difference is the euro,” Stiglitz said.

He’s a weird Jew. He actually wrote against globalism, back in the 90s.

I remember in the mid-2000s Alex Jones did an interview with him where he tried to bully him into agreeing to some kind of illuminati conspiracy. He basically did.

Basically, Jews have a biological drive to enter into any field and dominate it. So yeah, most Jew bankers are globalists, but there also has to be a Jew banker controlling the anti-globalist banker movement.

He has worked for both the IMF and the World Bank (currently working for the latter), and plays a sort of good cop role.

Basically, there’s now a very good chance the eurozone will collapse, the the Jews need to position themselves to come in after that and be like “oh, sorry that happened to you goyim – but we can help you – after all, we’re god’s chosen people.”

In a country of 5 million people, 50 thousand is a lot of signatures.

Sputnik:

A campaign for Finland to leave the Eurozone has gained more than 50,000 signatures for its proposal, the number of votes that forces parliament to debate its proposal for a national referendum on the issue.The petition was organized by Finnish MEP Paavo Vayrynen, a veteran politician and former presidential candidate from the Center Party, who has also served as a Finland’s Deputy Prime Minister and Foreign Minister.

It requests parliament to order a national referendum on the Eurozone, of which Finland is a founder member. In 1998 Finnish parliamentarians decided to join the single currency, and the following year the euro replaced the markka, Finland’s currency since 1860.

“The euro area has not developed as was presented to the parliament in 1998. Affiliation with it has caused financial loss to Finland, unemployment and bad government deficit,” the European Citizen’s Initiative reads.

“Member states in distress are being financially supported in a way that violates the EU Treaties. These support mechanisms are being strengthened, and put in place on a permanent basis. The euro area decision making system is being changed in a way that would essentially reduce the economic and state independence of Finland.”

Meanwhile…

In the future, the map of Europe is going to look like this.

Hell appears to be opening up in Greece.

There is a run on ATMs, they were emptied and now they’ve shut them off and haven’t given a time they’ll open them up again.

They are going into capital controls.

BBC:

It was more or less impossible for Greek banks to open tomorrow, once the European Central Bank announced it was turning off emergency lending to them.

Because in the absence of any increase in this so called Emergency Liquidity Assistance, the banks had no way to supply cash to Greek depositors who have been anxiously withdrawing their savings.

And, to state the obvious, banks that run out of cash are kaput.

So for banks to re-open, restrictions – known as capital controls – have to be put in place on the amount depositors can take out.

When these restrictions are announced, Greece will be half a step nearer to exit from the euro – since a core rule of the eurozone is that there should be no restrictions on the movement of money or capital.

What it looks like is that they’ve set this up in such a way that Greeks spend a week in this and thne vote “no” on the July 5 referendum on defaulting and exiting the eurozone. But who knows what these people are going to do. I certainly do not.

Either way, this is almost certainly going to collapse the euro. Everyone is Europe is going to pull their money and buy dollars. It’s down 2% now, but it will go into freefall.

I don’t think there is any secret Jew plan here. This looks like for real uncontrolled chaos spiraling out of control. But I suppose Jews don’t much care – they win either way. Unless this leads to the rise of a new Hitler.

It could also lead to Putin swooping in like some type of superhero.

Like when he shot that tiger that tried to attack reporters.

An anti-Europe Italian political party has collected over 100,000 signatures on a petititon for a referendum on a pull-out from the eurozone.

The biggest problem with the EU is that it offers exactly zero benefits to anyone other than a bunch of super-rich Jew bankers, and causes all these massive problems for everyone else.

PressTV:

An Italian lawmaker affiliated with the country’s Five Star Movement (M5S) Party, Carlo Sibila, said although the petition has already exceeded the required number of signatures needed for the legislative initiative, he expects his party to gather 50,000 more signatures by early May in a bid to highlight the issue, RT reported.

The Italian MP further stated that he expects a referendum on the move will take place by early next year.

“Who wants to stay in euro? This is the main question,” said Sibila as quoted in the report. “But we don’t want to get out just like this – we want a program and a discussion, and then let the citizens decide.”

According to the legislator, Italy’s debt climbed dramatically following the introduction of the euro. Sibila further noted that Italy’s unemployment rate hovers around 12.7 percent, the sixth highest in the EU.

“It’s really necessary today as the situation in Italy is going from bad to worse where (as far as) jobs and economy are concerned,” he added.

However, according to the report, the Italian constitution does not allow the cancellation of international accords signed before the referendum.

“We can’t have our own fiscal policy, but without the euro it is possible in Italy,” Sibila emphasized, underlining, however, that his M5S Party is not after pulling out of the European Union, but merely seeks to leave the currency union.

“Italian citizens need to have the right to decide if they want to stay inside or outside the monetary union,” Sibila said. “We are not questioning the European Union, it is only the monetary union.”

Anti-Euro tensions are mounting all across Europe, as everyone is asking what the point of all of this mass destruction is. Bizarrely, the establishment itself is responding with pseudo-religious rhetoric about the EU and eurozone being some type of monumental human endeavor for which individuals much sacrifice themselves. It reminds me a lot of Asimov and Clarke type religious jargon about humanity’s great goals of progress and unity and blah blah blah.

And yes, for the record, Asimov was definitely a Jew.

This is a serious happening.

BBC:

Anti-austerity Syriza party has won Greece’s general election, putting the country on a possible collision course with the EU over its massive bailout.

With nearly 75% of the votes counted, Syriza is projected to win 149 seats, just two short of an absolute majority, though that number could change.

Left-wing party leader Alexis Tsipras, who wants to renegotiate Greece’s debt, said “the Greeks wrote history”.

The governing centre-right New Democracy has come a distant second.

Outgoing Prime Minister Antonis Samaras has admitted defeat and phoned Mr Tsipras to congratulate him.

Syriza’s result will send shockwaves through Europe, the BBC’s Gavin Hewitt in Athens reports.

Syriza leader Alexis Tsipras: “Today the people of Greece wrote history”

A majority of voters in Greece have essentially rejected a core policy for dealing with the eurozone crisis as devised by Brussels and Berlin, our correspondent adds.

In Germany, Bundesbank President Jens Weidmann said he hoped “the new Greek government will not make promises it cannot keep and the country cannot afford”.

The election result is expected to be one of the main issues during Monday’s meeting of 19 eurozone finance ministers.

Belgium’s representative Johan Van Overtveld was quoted by VRT network as saying that Greece “must respect the rules of monetary union”, although he added that there was room for some – but not much – flexibility.

British Prime Minister David Cameron – whose country is not a member of the eurozone – said the result of the Greek election would “increase economic uncertainty across Europe”.

Syriza has basically backed down from all of their initial positions, but they are in a situation where they are either going to have to do what they said they would do, or at least something similar, or incite riots.

Greeks, unlike most European countries, are pretty down to riot.

I believe this is the last stop on the road to a Golden Dawn victory. The people voted for Syriza not because they are actual Marxists but because they believe they are anti-austerity. When they find out they aren’t really, they will have no choice but to elect the one real anti-austerity party.

Also, if any Americans (or Australians or British) were considering a vacation in Europe, now would be a good time to go.

Sydney Morning Herald:

The euro hit an 11-year low versus the US dollar on Monday as Greece’s anti-austerity Syriza party swept to victory in a snap election, putting Athens on a collision course with international lenders.

The single currency dropped to $US1.1098, a level not seen since September 2003, as official projections showed Syriza was set to win 149 seats in the 300-seat parliament, taking 36.3 per cent of the vote.

The euro fell to as low as ¥130.16, its lowest level in more than 11 years. The euro also fell against sterling, hitting a seven-year low of 74.06 pence.

In the near term, traders are looking to whether Syriza will secure an outright majority, which would raise the risk of a standoff with Greece’s European lenders over austerity measures as well as the stance of Syriza leader Alexis Tsipras.

“Usually politicians say populistic things before an election. So now the question is how much they are going to stick to the promises made to the Troika,” said Ayako Sera, market strategist at Sumitomo Mitsui Trust Bank.

Market participants saw the risk that euro selling would pick up during the Asian session if Syriza secures an outright majority.

Such a scenario could trigger a test of $US1.10, where large options lay, according to several research notes.

The EU understands that if they let Greece out, other countries are going to be like “hey, we hate this also.”  So you are going to see some serious moves from Merkel in the wake of this.  They seem to be willing to let the Euro drop even further.

Interesting times.