WHAT COLLAPSE ; ... Economist Dr. Paul Craig Roberts says, "We have a situation where all the markets are rigged. All the markets are manipulated."
As an example, Dr. Roberts points to the stock market. He contends, "We have a stock market at all-time highs, and where is the economy? There's not one. There's no recovery."
>Those decisions were taken in the days surrounding the July 1 ouster of the bank's top two managers and the arrest of a Vatican accountant with several Vatican bank accounts on charges he plotted to smuggle 20 million euros ($26 million) into Italy from Switzerland. The accountant, dubbed "Monsignor 500" for the types of euro notes he purportedly favored, is currently on trial in Rome on the smuggling charge and is also under investigation in his native Salerno, a city in southern Italy, in a money-laundering case involving his Vatican accounts. >Prior to that affair was the controversial 2012 ouster of the bank's then-president, Ettore Gotti Tedeschi. The board accused Gotti Tedeschi of incompetence and failing to do his job. >And before that, in 2010, Italian police seized 23 million euros from an IOR account and Rome prosecutors placed the IOR's then-president, Gotti Tedeschi, and general director Paolo Cipriani under investigation for alleged violations of anti-money laundering norms in conducting a routine transaction from a Vatican account at an Italian bank. The money was eventually unfrozen.
WHAT COLLAPSE ; ... Economist Dr. Paul Craig Roberts says, "We have a situation where all the markets are rigged. All the markets are manipulated."
ReplyDeleteAs an example, Dr. Roberts points to the stock market. He contends, "We have a stock market at all-time highs, and where is the economy? There's not one. There's no recovery."
>Those decisions were taken in the days surrounding the July 1 ouster of the bank's top two managers and the arrest of a Vatican accountant with several Vatican bank accounts on charges he plotted to smuggle 20 million euros ($26 million) into Italy from Switzerland. The accountant, dubbed "Monsignor 500" for the types of euro notes he purportedly favored, is currently on trial in Rome on the smuggling charge and is also under investigation in his native Salerno, a city in southern Italy, in a money-laundering case involving his Vatican accounts. >Prior to that affair was the controversial 2012 ouster of the bank's then-president, Ettore Gotti Tedeschi. The board accused Gotti Tedeschi of incompetence and failing to do his job. >And before that, in 2010, Italian police seized 23 million euros from an IOR account and Rome prosecutors placed the IOR's then-president, Gotti Tedeschi, and general director Paolo Cipriani under investigation for alleged violations of anti-money laundering norms in conducting a routine transaction from a Vatican account at an Italian bank. The money was eventually unfrozen.
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