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Italy Moves To Seize Gold From Central Bank - How dare they !!!

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"It Belongs To The People, Not The Bankers" - Italy Moves To Seize Gold From Central Bank
http://www.zerohedge.com/news/2019-04-05/it-belongs-people-not-bankers-italy-moves-seize-gold-central-bank




<em

“The purpose of this competence is to ensure consistency with the exchange rate and monetary policy of the Union.” [/size][/quote]

Specifically, Draghi made this statement to two Italian members of the European Parliament.

At the time it did not seem notable for any reason other than its peculiar timing, but now things are starting to make more sense as The Wall Street Journal reports that <strong>Italy’s ruling populists pushed ahead this week with efforts to seize control of the central bank and its gold reserves</strong>.

Complaining that hundreds of thousands of small individual investors lost billions of dollars after several Italian banks failed in recent years, the anti-establishment '5 Star Movement' and the nationalist 'League', depict <strong>the central bank as a symbol of a technocratic elite aloof from the needs of ordinary Italians</strong>.

Quote
<strong>“We need a change of course at the Bank of Italy if we think about what happened in the last years,”</strong> said Deputy Prime Minister Luigi Di Maio, leader of the 5 Star Movement.



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