Thursday, April 9, 2020

ITALY’S RECIPE FOR DISASTER By Giacomino Nicolazzo

Posted By on April 5th, 
Giacomino Nicolazzo_ is one of Italy’s most beloved writers. Born and raised in Central Pennsylvania, he lives in a small village in Lombardy where he writes his books.
Montecalvo, Lombardy, Italy_. As I sit here in my involuntary isolation, it was just reported that overnight 743 more people died and 5.249 new cases have been reported. This brings the total cases of infection to 69,176 and the body count to 6,820. We take relief in knowing that 8,326 people have recovered so far. (Numbers as of 3/24, 8:30pm in Italy.

Most towns here in Italy, from the upper reaches of the Alps to the ancient shores of Sicilia and Sardenia, while not deserted, are closer to being ghost towns than the bustling centers of tourism, business and daily life they were just a few weeks ago.
Stores and shops have been shuttered. Restaurants and coffee shops no longer serve customers. Schools, universities, sporting arenas…even our museums and theaters…all closed. Even the Vatican City has closed its gates and armed patrols monitor the 20 foot tall walls that protect it!

Streets and roads are now empty for as far as the eye can see. Normally, they would be filled with crazed Italian drivers in tiny cars and scooters (the ones that sound like demonic insects) darting here and there, reaching the limits of centrifugal force on our roundabouts. In the piazze of our towns and cities, there are now officially more pigeons than people. Many of us know someone who has been infected and recovered. Some of us know someone who did not recover…now they are dead. But everyone knows someone who has been affected by this microscopic monster in one way or another.

Sixty million of us are in lockdown…it is like a war zone here. We are being held prisoner in our own homes by an unseen enemy that sneaked in unnoticed…by most of us. As you will read in just a few more minutes, there were those who knew something like this was coming…or at least they should have.
So who is to blame? With all this craziness swirling like a whirlpool at our feet, I just had to find the blame answer. And so I have spent my free time (of which I have a lot in these days) digging and researching.

I was literally shocked to discover how this has come to be.  I am not going to bore you with talk of Patient ‘0’ who spread it to Patient ‘1’ and how mathematics efficiently explains the rapid expansion of infection. No…I am going to tell you how (as I see it) the virus came to Italy.


It has everything to do with communism. Allow me to explain.  Beginning in about 2014, Matteo Renzi, the imbecile ex-mayor of Firenze (Florence) acting as the leader of the Partito Democratico (synonymous with the Italian Communist party), somehow managed to get himself elected as Italy’s Prime Minister. To give you a proper frame of reference, Matteo Renzi was so far left, he would make Barack Obama look like Barry Goldwater!
At the same time that Renzi was leading Italy into oblivion, strange things were happening in Italy’s economy. Banks were failing…but not closing. Retirement ages were being extended…for some reason the pension funds were dwindling or disappearing. The national sales tax we call IVA (Value Added Tax) rose from 18% to 20%, then to 21% and again to 22%.
And in the midst of all this financial chicanery, the Chinese began furiously buying up Italian real estate and businesses in the North.
Now the reason I mention Renzi and the Chinese together is that strange things were also going on between the governments of Italy and China. A blind eye was being turned to the way the Chinese were buying businesses in the financial, telecommunication, industrial and fashion sectors of Italy’s economy, all of which take place in Milano.
To be brief…China was getting away with purchases and acquisitions in violation of Italian law and EU Trade Agreements with the US and the UK…and no one in either of those countries (not Obama in the US or
Cameron in the UK) said a thing in their country’s defense. As a matter of fact, much of it was hidden from the public in all three countries.
In 2014, China infused the Italian economy with €5 billion through purchases of companies costing less than €100 million each. By the time Renzi left office (in disgrace) in 2016, Chinese acquisitions had exceeded €52 billion. When the dust settled, China owned more than 300 companies…representing 27% of the major Italian corporations.
The Bank of China now owns five major banks in Italy…all of which had been secretly (and illegally) propped up by Renzi using pilfered pension funds! Soon after, the China Milano Equity Exchange was opened and much of Italy’s wealth was being funneled back to the Chinese mainland.
Chinese state entities own Italy’s major telecommunication corporation (Telecom) as well as its major utilities (ENI and ENEL). Upon entry into the telecommunication market, Huawei established a facility in Segrate, a suburb of Milano. It launched is first research center there and worked on the study of microwaves which has resulted in the possibly-dangerous technology we call 5G.
China also now owns controlling interest in Fiat-Chrysler, Prysmian and Terna. You will be surprised to know that when you put a set of Pirelli tires on your car, the profits are going to China. Yep…the Chinese colossus of ChemChina, a chemical industry titan, bought that company too! More