Confidential reports stern warnings about the Italian national bank debt ratio and possible damaging scenarios when restructuring it!

italianbank

The Astellon Capital Partners report on the Italian nation debt is troublesome, as the reports are indicating troubled waters ahead for controlling the debt and repayment on the defaulted loans. This will create other higher issues than only the Greek debt and interest-rates from Brussels and Berlin. The Italian and Rome problem will cause monetary effects for all of Europe, as the debt are like his:

“1980 –1995: Debt / GDP increased by 64%, due to high interest rates levied by Bank of Italy to fight inflation and promote exchange rate stability of Lira within European Monetary System, precursor to the Eurozone” (…)”1995 –2015: Debt / GDP increased by 11%, due entirely to debt servicing costs as Italy ran a primary fiscal surplus over this period” (Astellon Capital Partners, P: 2, 2017).

The continued pressure of the Italian debt is showed with the average primary balance since 1995 have been 2, 1% and the average interest costs of the GDP have been 5, 5%. “Italy among the most fiscally sound member states in the Eurozone, yet also among the most burdened by interest costs” (Astellon Capital Partners, P: 3, 2017).

These numbers are not really positive at all, as the high interest rate by the Bank of Italy together with the rise of debt servicing that increased 11% alone in a decade. That the Italian state have the amount of costs of interests amounting to 5,5% says lots of the economic pressure on the budgets and fiscal policies within the government structures. This does not like a prosperous and strong economic situation.

The report continues with more worrying numbers that the Italian labour costs are 11% higher than rest of the EU average. Certainly also that the average productivity of the labour are 12% lower than the Eurozone average. So you got higher paid workers that work less, which also isn’t strengthening the economy.

That the Italians bank’s they have deflated badly loans that has gone from under 5% in 2005 to the running value of close to 15% in 2016. So that the European Central Bank have bought into the government debt issuance: “2014 –2019: At current government debt net issuance rates and announced QE levels, ECB will have been responsible for financing 100% of Italy’s deficits from 2014 –2019”. This is if the debt is: “Assumes €50bn annual run-rate of government net debt issuance” (Astellon Capital Partners, P: 6, 2017). That is a hefty sum when considering all the other fiscal issues that already put forward.

“Substantial increase in non-bank net purchases of Italian debt required ECB and Italian Banks acquired 88% of government debt net issuance since 2008. Over next six years non-banks will need to increase purchase activity to 7x that of past nine years” (Astellon Capital Partners, P: 7, 2017). So a nation that struggles with high paid performance with low productivity are suddenly needed to get the workforce to 7 times higher purchase activity, meaning the production and selling has to increase seven-fold if the state should have ability to sustain the defaulted debt that has increased and the debt the ECB has bought. Together with the Italian Bank gold-reserve which is lower than the stated and needed figures to be sufficient. The bank has gold-reserves by today’s value about €100bn, but by the ECB agreement need to collateralised that needs to be up to €350bn. That the report claims to be only 25%; while the assets are dwindling too and that is also worrying!

The Assets have from 2011 gone from being around 0% or none, to 2016 when the assets of the Italian bank is now in 2016 -20%. Because this have come a German proposal to avoid an new Argentine Bank collapse case. As the Italian Bank are required independent assessments of debt sustainability.

The great risks for Italy and the Italian republic are these scenarios. Like the hedge funds can buy into with high risks and yields through BTP yields during the 2016-2017. Second scenario in 2018 is that the ECB or European Central Bank will be a marginal buyer of the government bonds and buying debts. Third scenario is that the Italian Banks becoming net-sellers and therefore losing their assets with less of profits in the 2016-2017. Last scenario is unilateral re-profiling or re-domination or some form of Greek-Haircuts by 2017-2018, that means trade-offs and cutting taxes to try to revamp the economy (Astellon Capital Partners, P: 21, 2017).

With these numbers and situation, there are certain men in ECB and in Italy that is worried. The strength and sovereign nation of Italy has to find ways of restructuring the debt and assets. What is certain is that the debtors cannot take it easy on this one. The Italian debts and reserves are worrying as the debt has to restructure and the focus on how the Italian republic has to get more productivity and create more production so the taxes and debt per GDP can go down. This will be painful for the Italian state and their government institutions, together with all the debt and bad-debt that the state has to cover, because the banks cannot afford to lose all of these fiscal funds. There have to be a revolution of something if the Italian republic and its workforce are able to 7 times higher purchase activity. That will not come easy and how they will ever achieve that must be by a unicorn arriving and spinning the Fiat wheels of Torino more than ever before; even getting the world more hooked on Milan fashion design or Illy coffee. Peace.

Reference:

Astellon Capital Partners – ‘Q1 2017 Notes No. 24 – Ciao a tutti: An orderly restructuring of Italian debt’

RDC: MONUSCO strongly condems the persistance violence in the Kasai Provinces (11.02.2017)

rdc-map-kasai

Kinshasa, 11 February 2017 – MONUSCO is concerned about the persistent conflict in the Kasais which is marked by violent atrocities committed by the Kamuina Nsapu militia including their recruitment and use of child soldiers whilst targeting symbols and institutions of State authority as well as the disproportionate use of force by the Forces Armées de la République Démocratique du Congo (FARDC) in their response to the situation. Particularly, since 9 February 2017, there have been ongoing clashes between Kamuina Nsapu militia and Congolese Security Forces within the area of Tshimbulu (160 Kilometers South East of Kananga) with unconfirmed reports of between 30 to 50 deaths resulting from these clashes.

Maman S. Sidikou, the Special Representative of the Secretary General and Head of MONUSCO, strongly condemns the actions of the Kamuina Nsapu militia in recruiting and using child soldiers as well as their acts of violence against the State. He expresses his concern about repeated reports of the disproportionate use of force by the FARDC and offers the Mission’s support to a credible investigation of this regrettable situation. He regrets the deaths and injuries suffered in these clashes and calls upon the Congolese Security Forces to act in line with acceptable standards of national and international laws in their response to the situation.

Since the outbreak of this crisis about six months ago, MONUSCO has sought to effectively support the Congolese authorities in addressing the situation at national and provincial levels. In addition to several engagements by the Special Representative at the political and security levels, the Mission has reinforced its civilian and uniformed personnel presence in the area. The Mission has also deployed one of its Mobile Monitoring Response Team in the area (Tshikapa, Dibaya, Bunkode, Tshimbulu and Luiza) to possibly prevent, investigate and document human rights violations in line with its mandate.

Note to Editors:

Following the decision of the Security Council in early 2014, MONUSCO redeployed most of its resources to Eastern DRC in 2014. There was also a drastic reduction of military and civilian personnel affecting the Mission’s presence in Kananga given the improved security situation at the time. Presently, the Mission has since December 2016, deployed a Military Company of soldiers in Kananga (Kasai central) with the task of protecting the Mission’s personnel and assets as well as carrying out Protection of Civilians.

Leaked: UNHAS priority is to ship out Kenyan citizens out of SPLM-IO controlled areas in South Sudan, like the Akobo area!

akobomap

On an internal United Nations memo from 6th February 2017, there been stating this that United Nations Humanitarian Air Service (UNHAS) have described a certain interesting scenario:

“On 23 and 24.1.2017, while being Kenya, two prominent SPLM-IO officials from Akobo area disappeared under unclear circumstances. Kenyan Authorities have been accused of detaining with the intention to repatriating them. Pro SPLA IO Mass Media speculates that the two officials were secretly transported and delivered to South Sudan Government” (UNHAS Ross Aviation Security Notice, 2017).

So the story between South Sudan and the Kenyan authorities continues, as both governments have claimed in different times to have citizens behind bars. Like Kenyan civil activists ask for freeing Kenyan Nationals in South Sudan, the same is now known and even in internal note inside the UN and their agencies.

Because of this the UNHAS also decided:

“UNHAS International Staff, Operators & users, WFP Security & WFP Country Office advice to inform all Kenyan citizens to be cautious while travelling/deployed to/from IO areas” (UNHAS Ross Aviation Security Notice, 2017).

If this is true, than the SPLM-IO are targeting not only SPLM/A, but also Kenyan citizens that are part of the UNMISS mission in the republic. That says a lot of the rebellion and their target of anyone who isn’t them. As the SPLM-IO will therefore give it all to create fear and control their areas. As even UNMISS and blue helmet personnel could easily be taken by the IO.

As the note continue:

“UNHAS users are advised to analyse the necessity to risks of sending or keeping Kenyan citizens in the field, in IO areas and especially Akobo” (UNHAS Ross Aviation Security Notice, 2017).

So the UNHAS are clear that the Kenyan part of the mission should not be extended to areas that involves the IO as the fear and the risk of disappearing from the mission there. The UNHAS will also do this to make sure things goes as smooth as possible:

“If Kenyan citizens are to be transported out of IO areas UNHAS will solve these requests as a matter of priority” (UNHAS Ross Aviation Security Notice, 2017).

So we can see that the Kenyan nationals are now a priority and main objective for the UNHAS as part of the UNMISS mission, as the fear of disappearing citizens, the SPLM-IO are really showing their objective to control and spread fear in their regions of control, so the UN Humanitarian Air Service has to secure their transport out of there. This is a further proof of the fragile and the lack of rule of law in the regions under SPLM-IO regime. It is worrying not only for Kenyan, but as much for the South Sudanese themselves. As this is a proof of the grand issues in the state itself. This wouldn’t be an issue if there we’re peace and was honouring of the latest peace-agreement by both parties. Peace.

Illinois State Representatives prepares for a Zombie Apocalypse!

zombie-in-case

“Zombies, what are you going to do with them? Just keep chopping them up, shooting at them, shooting at them”Martin Scorsese

This is actually a serious legislation in the United States, in a smaller State Representatives Emanuel Chris Welch, Grant Wehrli and Tim Butler. All of them must really fear ‘the Walking Dead’ and ‘the Night of the Living Dead’. Certain Tim Burton or other film makers must wonder what the Representatives in Illinois have been watching the last few months. Surely they might fear what happening in the Washington D.C. as the first of month of President Trump has made the American legislature problematic. Also with added protest and other created issues, the Illinois Republicans want to be prepared for the worst case scenario.

Here are parts of the House Resolution from yesterday:

“WHEREAS, If the citizens of Illinois are prepared for zombies, than they are prepared for any natural disaster; while a Zombie Apocalypse may never happen, the preparation for such an event is the same as for any natural disaster; and” (…) “WHEREAS, Disasters disrupt hundreds of thousands of lives every year and can have lasting effects, both to people and property” (HR0030, 2017).

So the state that has their assembly and capitol in Springfield, are afraid that the violence and uncertainty of a coming disaster. That the whole state has to prepare them for a coming Zombie Apocalypse, certainly the people of Chicago must be ready. Also because of this the representative has further stated:

“RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE HUNDREDTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that all Illinois residents are encouraged to participate in preparing for a Zombie Apocalypse, and have a plan that includes, signing up for local texts and weather alerts, developing emergency communications for the household, collecting significant documents and storing them in a safe place, and gathering emergency supplies” (…) “RESOLVED, That we designate October 2017 as “Zombie Preparedness Month” in the State of Illinois, and urge all Illinoisans to educate themselves about natural disasters and take steps to create a stockpile of food, water, and other emergency supplies that can last up to 72 hours” (HR0030, 2017).

So the State Representatives wants the citizens to prepare for ‘Shaun of the Dead’ get enough weapons, food and water inside their homes, enough canned food and make sure they can see the different between the living dead and the ones that still ordinary human. Therefore the ones on vials and looking like just barely living in the suburbs or public housing in Chicago might be reported to the Police as they could become Zombies without the State Officials and Law Enforcement knowing. The State Representatives should also create laws to secure the stocks of food and quality of water, as the damage it could have if the Zombies seems walk silently or disorderly from Lincoln Park towards Williams Boulevard. We never know what they might be up too.

What we certainly know that Wall-Mart and other bigger stores might get a big buy in October of canned goods, water-barrels and other needed products for the Zombies arriving close to Bloomington or even Rockford for that matter. Certainly even Colts or 380s will be a top seller in the closest guns-and-ammo shops in Champaign. What we don’t know if the Zombies will prefer the Route 72 through the state or the route 57. However, weapons and food must be necessary for the Illinoisans to buy, as they want to secure themselves and their grandkids. Peace.

Reference:

Illinois General Assembly – ‘HR0030 ZOMBIE PREPAREDNESS MONTH’ (09.02.2017)

Ross Thomson MSP letter to Kevin Stewart MSP on Brexit (06.02.2017)

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ZimPF National Executive Council ratifies expulsion (10.02.2017)

zimpf-10-02-2017-p1zimpf-10-02-2017-p2

#ThisFlag: Evan Mawarire – “I’m so glad to be back home in Zimbabwe where I belong” (Footage)

“Thank you for your support and for speaking out for Zimbabwe. None of us should ever be intimidated into silence. This is our home and we have the full right to participate in making it a better country. Like we said in the beginning, HATICHADA, HATICHATYA! ASISESABI njalo ASISAFUNI! FED UP & NOT AFRAID!” (Mawarire, 10.02.2017)

Opinion: NRM works on overtime to delegitimize the FDC though various media, since they are themselves an illegitimated regime!

fdc-01-12-2016

There are running battles between the shadows of the Movement and the Forum for Democratic Change has been going on for a while. This has happen as Secretary General Nathan Nandala-Mafabi wrote this in the EALA Nomination letter to the 10th Parliament wrote: “These clearly spell out the positions of the Ruling Party and the Official Opposition Party in the multiparty democracy. In regard to numerical strength. EAC Treaty is also clear on multiparty democracy”.

So now that the FDC is the official opposition party and not the winner of the General Election 2016, even though the rigging master Eng. Dr. Badru M. Kiggundu of the Electoral Commission and the deputy chief justice Stephen Kavuma had to ban the campaign of defiance, that was the Presidential Candidate Dr. Kizza Besigye who run hard against the ruling party and the ruling regime of President Yoweri Kaguta Museveni and his National Resistance Movement.

So with that in context, the months after has been smeared with irregularities and malfunctions as the NRM and their Police has targeted FDC with full force. This they did with detaining members and leaders without court order, house-arrests, blocking of the headquarters and all sorts of other injustices done with an ordinary fashion of contempt of the constitution and law. These have been done as the 10th Parliament was sworn-in and the President was busy having dignitaries from Turkey and South Korea.

mwenda-and-kagame

Now that 2017 has arrived and ever since December 2016 the Independent Magazine editor and founder Andrew Mwenda has gone all wild on social media. At the same time TVO has disgraced him and his magazine. The graceful attempts have not been there as the words have addressed each other in fashions that would be in bars and not all in public. So Mwenda are using all tricks with his connections as he even seemingly has traded his popularity and his work ethic for goods from the ruling regime. Because he has gone from being a fierce critic of the Movement and now he defends them.

With this in mind Mwenda has attracted and attacked with more and more staunch words, even as he becoming a laughing stock and a wild-card. Even if he would have pieces of truth, the spin and the propaganda fashion of it all is spoiling facts that might be there. Just like Uganda Media Centre and Hon. Ofwono Opondo spills the beans and defends the Movement with all means. Though his entitled way of sounding more like a NRM Spokesperson than a man who is government spokesperson is showing the transgression of the party itself; just like the NRM inner party election for the EALA done over two days there.

This is still not an issue in nation of Uganda and under the rule President Museveni, which want to be legitimate by every mean possible. Therefore he uses the media and false stories on NTV Uganda where the Party Constitution of FDC is in question. As NTV Uganda wrote yesterday:

A plan to amend the constitution of Uganda’s main opposition party, the Forum for Democratic Change could cause a huge rift among its members if it goes through. The plan is to change clauses in the constitution to allow former FDC leaders another go at the helm of the party. According to the movers, many of FDC’s past leaders have been rendered useless to the party and yet they still have a lot to offer.” (NTV Uganda, 08.02.2017). However, as the story unfolded the FDC leadership debunked the story, Besigye said he would never run as a candidate under that or heard about it. TVO came out saying it was Mwenda who was the source and Hon. Francis Mwijukye wrote this about the farce:

“ Am told that there was a confusing story on NTV last evening about ammending the FDC constitution. Will be hosted on NTV Uganda 8.00 to 8.30am today morning. Let me go and make it clear. I think I was misquoted” (…) ”We were asked about the future of former FDC leaders and party founders. All I said was that I would support an inclusion in the party constitution of a party organ to deal with a council of Elders whose sole role would be to advise where necessary and for institutional memory. There was nothing like allowing former leaders to compete for top FDC positions in the party asked to me. Otherwise I can’t support that amendment” (Mwijukye, 08.02.2017).

When the higher echelons from the FDC are addressing the matter nearly simultaneously with the clip of the story aired, there are clear indications of malpractices in the standard. The NTV surely did this for political purposes. Just as there we’re reports that NTVs Sheila Nduhukire did directly celebrate with the NRM Party when they had done their EALA Primary Elections at the State House. Certainly the media and media houses are getting to close to the ruling regime.

We can just expect that government fuel illegitimate stories in their portrayal to demoralize and legitimize their own existence in power. Because they cannot do it by their own merit anymore, that gravy train left the station long time ago. They will use all means to establish and make the blatant ignorance of Mwenda and use their connections in NTV Uganda to portray the FDC as wolfs or even better wolf in sheep’s clothing.

The NRM and the Movement cannot sell the truth at this point, because that will undress their own existence and their own established fanfare of just cause. The probable cause that has left long time ago, the decades of bribes, thieving and misgivings has now caught up with them. The rigging and ill-forced ways are now what entitles people and therefore EALA elections are ugly instead of silent shows of democratic balloting. The NRM has to use the media and spin to make their biggest threat FDC into a shambolic affair of political charade. Since they have the ability themselves to make itself look unwise.

So the spins and the lies of deception will continue to fluster from the NRM and their media hawks, but still the truth will shine in the end. Peace.

The Trump Administration ready with two Executive Orders to revamp the Law Enforcement!

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The Presidency under Donald Trump will surely hire lots of security and law enforcement people, as there is already in the works a deportation force to get rid of illegal aliens and people who seeks refugee with valid visa. Therefore today’s new investment and security order that clearly indicates that that the Trump Administration wants to take a step further, also another order that is clear on the public safety. However, this will surely be more oppression against people, as proven with the voting in of new Attorney General Jeff Sessions. Who has had no quarrel fighting civil rights activists in the past, because of his believed superiority, instead now he will attack the minorities and make sure the strengthen law enforcement can silence the dissidents of the white supremacist system that the new Republic government tries to unfold with all sort of measures like these.

First on the new Task Force:

“A focus on law and order and the safety and security of the American people requires a commitment to enforcing the law and developing policies that comprehensively address illegal immigration, drug trafficking, and violent crime. The Department of Justice shall take the lead on Federal actions to support law enforcement efforts nationwide and to collaborate with State, tribal, and local jurisdictions to restore public safety to all of our communities” (White House, 2017).

We can see that the Task force will be clear cut to nationwide take federal actions for the common good. Though there will indication in the order what that entails like in Section two:

The Attorney General shall determine the characteristics of the Task Force, which shall be composed of individuals appointed or designated by him.

(c) The Task Force shall:

(i) exchange information and ideas among its members that will be useful in developing strategies to reduce crime, including, in particular, illegal immigration, drug trafficking, and violent crime;

(ii) based on that exchange of information and ideas, develop strategies to reduce crime;

(iii) identify deficiencies in existing laws that have made them less effective in reducing crime and propose new legislation that could be enacted to improve public safety and reduce crime;

(iv) evaluate the availability and adequacy of crime-related data and identify measures that could improve data collection in a manner that will aid in the understanding of crime trends and in the reduction of crime; and

(v) conduct any other studies and develop any other recommendations as directed by the Attorney General” (White House, 2017).

So Attorney General Jeff Sessions will put together his hateful eight, take the bull by the horns and create havoc in the inner-cities. That is the measurement of what this Task Force will do. They come with all sorts mixes that fits the frame of Sessions and their idea of justice. This can be messy in the near future.

The Second Executive Order is a continuation of this one. With the key principals of law and order, where the state get more organized and police oriented. As we can see in the first section:

“(a) enforce all Federal laws in order to enhance the protection and safety of Federal, State, tribal, and local law enforcement officers, and thereby all Americans;

(b) develop strategies, in a process led by the Department of Justice (Department) and within the boundaries of the Constitution and existing Federal laws, to further enhance the protection and safety of Federal, State, tribal, and local law enforcement officers; and

(c) pursue appropriate legislation, consistent with the Constitution’s regime of limited and enumerated Federal powers, that will define new Federal crimes, and increase penalties for existing Federal crimes, in order to prevent violence against Federal, State, tribal, and local law enforcement officers” (White House, 2017).

So when Jeff Sessions and President Trump have created a stronger law enforcement with their own team, they need strategies and legislation that the Task Force can actually do. That is the reason for Executive Order number two of the day. So that one is the hand to acts and the other the glove that gives the warrant to address it!

Like this:

“(a) develop a strategy for the Department’s use of existing Federal laws to prosecute individuals who commit or attempt to commit crimes of violence against Federal, State, tribal, and local law enforcement officers;

(b) coordinate with State, tribal, and local governments, and with law enforcement agencies at all levels, including other Federal agencies, in prosecuting crimes of violence against Federal, State, tribal, and local law enforcement officers in order to advance adequate multi-jurisdiction prosecution efforts;

(c) review existing Federal laws to determine whether those laws are adequate to address the protection and safety of Federal, State, tribal, and local law enforcement officers;

(d) following that review, and in coordination with other Federal agencies, as appropriate, make recommendations to the President for legislation to address the protection and safety of Federal, State, tribal, and local law enforcement officers, including, if warranted, legislation defining new crimes of violence and establishing new mandatory minimum sentences for existing crimes of violence against Federal, State, tribal, and local law enforcement officers, as well as for related crimes” (White House, 2017).

trump-qoute-police

So the Law Enforcement Task Force and the already law enforcement, as the President Trump and Attorney General Sessions can go on with their wild-card as they want to make sure the boys in blue is safe. The Police Officers going to get allowed and secure for their faults and their checking of society, because this administration believes in a strong state!

With this sort of laws and strengthening of the Police in the state, under a government that wants only their views and their regulations; will really focus on the Police rather than the citizens… these laws will be strengthen for their justice and their acts to implement the ideas of the state. This are proof of what extend the national security and how far the Presidency want to take it.

This isn’t just to secure the Law Enforcement, but also to review and make sure the loopholes of law are amended, even repealed so the Police and other Federal Security Agents can act as they please. This will happen with the Law Enforcement to be done without fear of retaliation or repercussion for doing their work.

Certainly President Trump and Attorney General Sessions are going to have a field day with this and use all measures to enforce this, both section it out and also make sure their boys in blue is safe with all means possible and together with all new Executive Orders. The EOs with this and anti-immigration are to strengthen the law enforcement is an extension of it. As if President Trump wants to achieve the other, he needs reasons to sufficiently make the Law Enforcement stronger and more legally equipped. So he can also show his rash hand with being saving grace for the police as they have to enforce his visions of justice. This is to be continued, just as his viable attempt of justifying the means of oppression towards foreign citizens with legal green cards and attempt of self-righteousness; in the midst of finding new ways of sufficiently policing the state through his measures. Peace.

Reference:

White House – ‘TASK FORCE ON CRIME REDUCTION AND PUBLIC SAFETY’ (09.02.2017)

White House – ‘PREVENTING VIOLENCE AGAINST FEDERAL, STATE, TRIBAL, AND LOCAL LAW ENFORCEMENT OFFICERS’ (09.02.2017)

#SONA2017: Mmusi Maimane speaks to the media outside Parliament after walking out (Footage)