Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Berlusconi and his mates are going to fix everything. They're going to rewrite the rules.
Berlusconi and his mates are going to fix everything. Don't worry.

Berlusconi Roils Stocks With News He Says He Heard on the Radio
By Steve Scherer
Oct. 11 (Bloomberg) -- What Silvio Berlusconi giveth, Silvio Berlusconi taketh away.
In a quick reversal mirroring the financial markets' volatility, Italy's prime minister said world leaders were thinking about shutting down financial markets and then retracted the statement less than an hour later.
``The idea of suspending the markets for the time it takes to rewrite the rules is being discussed,'' Berlusconi said yesterday after a Cabinet meeting in Naples, Italy. A solution to the financial crisis ``can't just be for one country, or even just for Europe, but global,'' he added, just after U.S. trading had begun in New York at 9:30 a.m. in New York.
Less than an hour later, Berlusconi, 72, corrected himself: ``The hypothesis wasn't put forward by any leader, including myself,'' he said. His explanation for the earlier statement: ``I heard it on the radio.''
Berlusconi's comments followed other gaffes he's committed during his political career.
``He can do these things in Italy, but he can't get away with it when he is dealing with something worldwide,'' said James Walston, professor of politics at Rome's American University. ``He is a world leader, but he's out of his depth.''
The White House denied any plan to shutter Wall Street about 55 minutes after Berlusconi's initial comment. Berlusconi's retraction came minutes after that. During that hour, the Dow Jones Industrial Average, which had fallen as much 8.1 percent in early trading, rebounded into positive territory briefly and then went back down again. The index closed down 1.5 percent in New York.
The prime minister's about-face came as Group of Seven finance ministers and central bankers prepared to meet in Washington to discuss ways to shore up the international financial system and investor confidence. The U.S. and European countries are bailing out banks to stave off the kind of economic collapse that led to the Great Depression more than 70 years ago. After central banks cut rates globally this week, political leaders are still struggling to come up with a coordinated response.
Italy roiled matters again later in the day, when Finance Minister Giulio Tremonti said it wouldn't endorse the current draft statement drawn up by the G-7.
``The current draft is too weak,'' Tremonti told reporters in Washington before the talks began. ``We won't sign it.''
Not First Time
Berlusconi's misstatements earlier yesterday weren't his first. In 2003, the day he took over the European Union's six- month rotating presidency, Berlusconi likened a German member of the European Parliament, Martin Schulz, to a Nazi concentration camp guard.
The comments strained relations between Berlusconi and then- German Chancellor Gerhard Schroeder. Berlusconi later apologized both to the German leader and to the European Parliament.
At a New York event sponsored by the New York Stock Exchange in 2003, he said people should invest in Italy because its women are pretty.
``We have beautiful ladies and beautiful women, so my suggestion from the bottom of my heart is to try to make investments in Italy,'' Berlusconi said. ``The secretaries are beautiful.''
Shortly after the Sept. 11, 2001, attacks on New York and Washington, Berlusconi said Islamic countries were uncivilized and that Western countries would need to ``conquer'' them in order to bring them into the modern world.
In 2006, during his election campaign against former Premier Romano Prodi, he said people who voted for his rival were ``coglioni,'' a vulgar term for testicles.
``My greatness is without question,'' Berlusconi said in March 2001. ``My human substance, my history, other people dream to have.''
"The philosophers have only interpreted the world, in various ways. The point, however, is to change it." Karl Marx

"He would, wouldn't he?" Mandy Rice-Davies. When asked in court whether she knew that Lord Astor had denied having sex with her.

“I think it would be a good idea” Ghandi, when asked about Western Civilisation.
Berlusconi has long been alleged to be a hired hand of P2. I'm sure Silvio thinks "Il Duce Berlusconi" has an attractive ring to it...

Here are some of Dubya's musings along the same theme:

Quote:"You don't get everything you want," he [George W Bush] says, understating the case considerably. "A dictatorship would be a lot easier."

Quote:There ought to be limits to freedom.

Quote:It was amazing I won. I was running against peace and prosperity and incumbency.

Quote:If this were a dictatorship, it would be a heck of a lot easier... [Bush laughs out loud, audience laughs out loud] ...just so long as I'm the dictator
18 December 2000, Washington DC

Quote:"..Terror is bigger than one person..So I don't know where [Bin Laden] is..You know, I just don't spend that much time on him, Kelly, to be honest with you. ...I'll repeat what I said. I truly am not that concerned about him."

13 March 2002, Press Conference at the The James S. Brady Briefing Room

Quote:You're free. And freedom is beautiful. And, you know, it will take time to restore chaos from order- order out of chaos. But we will.
13 April, 2003, Washington DC

Quote:It's not a dictatorship in Washington, but I tried to make it one in that instance.
15 January 2004, New Orleans

Quote:One of the hardest parts of my job is to connect Iraq with the war on terror.
7 September, 2006 interview with Katie Couric

Quote:Make no mistake about it, I understand how tough it is, sir. I talk to families who die.
7 December, 2006, on facing the challenges of war, Washington, D.C

Quote:Wisdom and strength, and my family, is what I'd like you to pray for.
2 May 2007, Washington DC

Quote:The question is, who ought to make that decision? The Congress or the commanders? And as you know, my position is clear — I'm a commander guy.

2 May 2007, Washington DC

Quote:We understand the fright that can come when you're worried about a rocket landing on top of your home.
17 May 2007, Washington DC

Quote:Wait, what did you just say? You're predicting $4 a gallon gasoline?. . . That's interesting. I hadn't heard that.
28 February 2008, White House Press Conference
"It means this War was never political at all, the politics was all theatre, all just to keep the people distracted...."
"Proverbs for Paranoids 4: You hide, They seek."
"They are in Love. Fuck the War."

Gravity's Rainbow, Thomas Pynchon

"Ccollanan Pachacamac ricuy auccacunac yahuarniy hichascancuta."
The last words of the last Inka, Tupac Amaru, led to the gallows by men of god & dogs of war
Bush's final welfare program from the White House: No Billionaire Left Behind (What it was all about, from the get-go! The Corporatocracy never had such a great front-man as with 'W'.)
Perhaps Berlusconi's outburst is somehow connected to Italy's dire financial position as a sovereign risk nation.

I have somewhere a complete list of P2 members and memory says Berlusconi was on it. There were several others who had code-names to protect their identity -- most didn't however.
The shadow is a moral problem that challenges the whole ego-personality, for no one can become conscious of the shadow without considerable moral effort. To become conscious of it involves recognizing the dark aspects of the personality as present and real. This act is the essential condition for any kind of self-knowledge.
Carl Jung - Aion (1951). CW 9, Part II: P.14
David Guyatt Wrote:Perhaps Berlusconi's outburst is somehow connected to Italy's dire financial position as a sovereign risk nation.

I have somewhere a complete list of P2 members and memory says Berlusconi was on it. There were several others who had code-names to protect their identity -- most didn't however.

This Italian site even gives the details of his membership in P2.

and the other sites that pipe in on this...

Just love the 'trend' to have neo-fascist billion and trillionaires as mayors, presidents, prime ministers and 'democratic' warm and moderne!

Possibly Related Threads…
Thread Author Replies Views Last Post
  Megabankers "Educate" Hill Staffers on Writing Financial Rules Magda Hassan 1 1,833 11-02-2010, 09:49 AM
Last Post: David Guyatt
  Court rules against banks in pivotal mortgage case Magda Hassan 0 1,726 Less than 1 minute ago
Last Post:
  Britain rules the world of tax havens David Guyatt 0 1,727 Less than 1 minute ago
Last Post:

Forum Jump:

Users browsing this thread: 1 Guest(s)