(by Maurizio Giannotti) The institutional political upheaval we are undergoing requires serious and profound reflections. On 4 March we went to vote and a coalition came out the winner and a political movement in second place. After exhausting consultations, against all logic, the formation of the new government was not entrusted to the winning coalition but to a hybrid made up of the first party of the winning coalition and the second arrived as the first national party by number of votes, two parties that during the electoral campaign had strongly opposed each other. In the name of national interest, the hybrid formation, after repeated grueling round tables, managed to indicate a credible Prime Minister and a contract "revisited several times, but approved".
Extraordinarily, for reasons to be clarified, we rejected the proposal of the Prime Minister in pectore; I say, because whoever has taken this decision is the representative of us all: the Head of State.
We know the justifications for this rash decision so drastic, the flower of the media and political analysts have explained to us that the fear of running into severe censorship of the EU, the IMF, our partners in central-northern Europe and many other pressures of foreign and supranational origin.
To understand the "institutional" fears, we really need to try and analyze what has been happening to our production system for years.
Probably the analysis made by my friend Alessandro Miele (a high-level manager), whom I had the pleasure of listening to, is the closest to the reality of our days.
It is therefore highlighted how to undress Greece was a child's play: a country with few airports, some islands, zero industries, little territory, private savings laughable, relatively interesting demanio and with a GDP less than prov. of Treviso.
For Italy things are very different and to repeat the operation Greece it is necessary to plan a series of actions that meander through time, even very far.
Our capital is absolutely enormous, we are second in the world in terms of private savings, first as housing properties, we have lands of absolute value and wonderful coasts.
We were the fifth industrial power in the world before the euro, today we have fallen to eighth place, thanks above all to the slow dispossession of our production system.
Made in Italy is still the number one brand in the world today, ahead of Coca Cola, but day after day Italian companies, large and small, move to more "welcoming" countries. For example, many small companies with almost unique know-how that are attracted by the indecent proposals of countries such as Switzerland, Austria, etc .. etc ...
Let me be clear, these countries do their duty, it is our country, it is our executives who are wrong or pretend not to see why this would require commitment, or for some sinister interest.
There are not a few large companies with historic brands that moved abroad in time, saving goats and cabbages in safe countries with a mild tax regime.
Italy has a biodiversity higher than the sum of all other EU countries and our monumental artistic capital is equal to 75% of the world heritage.
France and Germany, some American, Chinese and Arab funds have done their shopping within national borders taking advantage of the “buy one and get four” promotion; in this regard, it would be useful to know the architects of this nefarious marketing.
All the luxury and the large distribution have passed to the French along with the Libyan wells passed by ENI to Total, with ENI becoming a majority American.
The banking system also passed to the French along with food and the Germans took over mechanics and concrete.
The Indians have done away with all our steel and continue to do so, the Chinese have taken shares of Terna and all of Pirelli Agriculture.
In absolute joy and without control, some have left TIM, TELECOM, GIUGIARO, PININ FARINA, PERNIGOTTI, BUITONI, ALGIDA, GUCCI, VALENTINO, LORO PIANA, AGNESI, DUCATI, MAGNETI MARELLI, ITALCIMENTI, PARMALAT, GALBANI, LOCATELLI, INVERNELLI FERRETTI YACHT, KRIZIA, BULGARI, POMELLATO, BRIONI, VALENTINO, FERRE ', LA RINASCENTE, POLTRONA FRAU, EDISON, SARAS, WIND, ANSALDO FERROVIARIA, ALITALIA, TIBB TECNOMASIO ITALIANA BROWN BOVERI, MERLONI, CARTIERE, etc ... It is good to stop otherwise we will get a big meltdown, a strong discouragement especially thinking that someone, pseudo entrepreneur or grand commis, from these operations has drawn hyperbolic advantages, completely legitimate or at least I believe and hope, it is very clear.
However, our loyal "customers" are always here, as Miele says, because they are not finished: there are still the houses, the things of the Italians and their savings that amount to about 8.000 billion euros.
And, last but not least, there is also our gold reserve which, excluding that of the IMF, is the third in the world after the USA and Germany. We have about 2452 tons of the precious metal against a public debt of around 2.300 billion euros while the US has 8134 tons against a public debt of over 18.000 billion euros with a completely favorable ratio for us.
Even the gold reserve has its weight and, as has already happened, almost certainly there are few who at this moment in the EU wish that Italy uses its gold reserves as collateral, an operation that would benefit many.
Our representative, the Head of State, perhaps unwittingly or ill-advised, called a technician to form the new government, ordering him to proceed effectively blocking the way for those who might try to put a stop to this dispossession.
In practice, these customers are nothing more than investment funds, the markets, which, as they collect the money of the mafias, all, large and small, of drug trafficking, of humans, of international scams, of bank bailouts, of the " black ”of large multinationals, whether they are in commerce, mobile phones, cocaine or weapons, these customers need to invest more and therefore are not finished.
Now it's up to the few remaining companies, even to artisan companies, pension funds, private accounts, real estate, in short now it's up to us to mediate or back down even if in front of a pack of so ravenous wolves it is of little use.
If Europe lends itself to these atrocities it is really difficult to recognize itself; Europe is another thing is that of the London Conference of 1953 when the debts of two world wars were forgiven to Germany and among the first countries not to demand the bill was the Italy of De Gasperi, founding father of Europe. Read the article at the link http://www.ilsole24ore.com/art/notizie/2014-10-14/la-merkel-ha-dimenticato-quando-l-europa-dimezzo-debiti-guerra-germania-151827.shtml?uuid=ABkKN62B.
In the 2014 they counted exactly 2.451,80 tons of goldin the Bank of Italy coffers, a quantity that our country places, as mentioned, in the very first positions among the world's gold holders.
Alberto Angela in 2010, author of the only one video testimony of the coffers of Koch Palace a Roma:
<<… Italy's ability to provide guarantees to its commercial partners and to request loans, pledging them in times of difficulty, depends on gold reserves. The gold of Italy symbolically represents the country's wealth: they are our family jewels. >>
To make up our reserves, a set of ingots bypure gold - said rods - of various shapes and weights (95.493 pieces, from 4,2 to 19,7 kilograms and gold content> 99%) and gold coins (871.000 pieces) from various parts of the world and dating back to different eras. In the video shot by Angela, for example, ingots from England, Russia, the United States can be glimpsed and one of them is even considered dating back to the Second World War: on it, a Nazi swastika.
As was the case for most of the European central banks, most of them gold reserves , was accumulated between the end of the years '50 and the' 60 under the Bretton Woods system: the increase in productivity, the inflation of the greenback and the complete convertibility of the dollar in gold at the international level, encouraged and allowed emerging European economies, led by France of De Gaulle, to exchange large quantities of gold with the Fed.
In order to curb the bleeding of gold from the US coffers, in the 1971 Nixon decreed the end of Bretton Woods ushering in the era of fiat currencies with a forced course whose exchange rates would have been determined, as it is still today, by Forex participants only.
According to Angela, later confirmed in the 2014 documentation, theItalian gold it is not located entirely in Rome, in the safes of the headquarters of the Bank of Italy (Koch Palace).
The remaining ingots that make up our gold reserves are located in three other places, located outside the Italian national territory: Bern, London e New York.
In its detailed report, the Bank of Italy revealed that only the Present in several = 48% of the gold reserves (1.195 tons) are packed into the Sacristy Gold of Palazzo Koch, since the other Present in several = 52% (1.254 tons) is stored at the deposits of Federal Reserve, Bank of England e Bank for International Settlements.
The Bank of Italy, however, does not specify theexact breakdown ofItalian gold among the three foreign subjects: taking for granted some conjectures scattered around the network, the vast majority of ingots held abroad are located in the headquarters of the FED (there is even talk of 1.200 tons), with sun 7-12 tons kept in the Bank of England and the rest 35-47 in that of Bern.
In feeding the rumors that there are well 1.200 tons of Italian gold in that of New York, there is a historical precedent: in the 70 years the Government requested a loan from Germany which, upon German request, came guaranteed from an equivalent sum of gold: the Bank of Italy he ordered that well 543 tons of Italic gold held at the FED, to be committed to guaranteeing repayment of the loan.
The debt was repaid in full and the reserves disengaged; since then, unfortunately, the gold kept overseas has not been given certain news.
Of course there is, however, that a part of the 1.195 tons stored in Rome are not available from the Bank of Italy: according toart. 30 the Statute of the European System of Central Banks of which the Bank of Italy is a part, 141 tons of gold kept in the Sacristy of Palazzo Koch are virtually blocked.
This is because the European Central Bank it has its own monetary reserves, but these have been composed starting from the resources made available by the various countries belonging to the Monetary Union: the 15% of these contributions owed by each euro-user country, according to the aforementioned by-laws, must be paid in gold: for Italy, that 15% corresponded exactly to 141 tons.
In addition, despite the Bank of Italy has for years been a permanent establishment in Manhattan, the institute has never considered it appropriate to verify with hand the actual presence , legal status of gold held on US soil: the Italian central bank, in fact, relies on audits conducted by external auditors who, it seems, do not have access to reserves held across borders.
They are in fact the foreign central banks in which Italian gold is held, to send notification reports to Rome annually.
Oh yes, in addition to the quantity and the geographical location where the gold is, there is a third question to ask, perhaps the most important of all:
What is the legal situation of Italian gold?
It is given in lease? It is used as collateral for institutional loans? What percentage? Well, there is not much to report about it, because the response received by Ronan Manly, a professional gold worker from Singapore, directly from the offices of Palazzo Koch leaves no room for misunderstanding:
<< This is to inform you that, unfortunately, the Bank of Italy will not provide additional information [on the legal situation of foreign reserves] in addition to those already released on its institutional website. >>(Press and External Relations Division, Bank of Italy)
If the search for information about possible loans or leases of Italian gold is hampered from the bank itself, there is nothing left but to go straight to the heart of the problem: the privatization Institute.
Contrary to what happens for the majority of central banks, in fact, the Bank of Italy is one private body of public law.
In the 2014 the Government approved the decree IMU-Bankitalia, a rule by which the privatization and recapitalization of the Italian central bank became a reality.
To witness it, the video of the three senators M5S who had the opportunity to visit the gold reserves of Rome in the same year and that, at the end of the video, touched this very topic.
I do not want to continue to keep you on tenterhooks, so I make it short: to say that the gold of Palazzo Koch is Italian gold (incidentally, of the Italian people) is a pure one euphemism.
Those 2.450 tons, or how much they actually are, they are not owned by the state (and consequently, of us citizens) or the private shareholders of the Bank of Italy who can not claim any rights on the reserves.
Contrary to what is reported in the statutes of the other European central banks, which hold and manage the gold reserves on behalf of their governments, the website of the Italian central bank reads (without giving too many explanations):
<< The property of official gold reserves is assigned by law to the Bank of Italy >>
It is untouchable ed unusable, according to what reported by Mr Vacciano one of the senators admitted to visit the Sacristy Gold, and therefore the hypotheses of sale or use as guarantee of public loans are simply unworkable speculations.