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A little update. The new Italian government reflecting the massive Euro-skeptic vote of 4th March may be announced this week (but I’m not holding my breath). At the top of the list is the start-up of monetary reform with the introduction of the “Minibot” instrument (small denomination, no-coupon “treasuries”- BOT is the acronym for Buoni Ordinari del Tesoro, i.e. Treasury Bills). They are to be paid out directly by the State when taxpayers have credits, and since they will be accepted by the State for taxes payable, they would be in practice another form of money, circulating between individuals and businesses just like Euro banknotes, and not issued by a bank though still denominated in Euros. According to their inventors (who are keeping the exact details under wraps) they are envisaged as a CASH rather than an electronic instrument, in full pushback against the globalist drive for a “cashless society”. The aim is to “monetize” government debts owed to taxpayers, most of whom just carry forward or compensate on their tax returns, since the Treasury typically takes years to actually pay back the amounts to people and businesses. This extra liquidity would then be available to increase domestic consumption and, ideally, the grassroots economy. Will all of this come about? Anyway, the mere fact that it is being widely discussed is causing the globalist banksters a serious headache… and no amount of Bayer-Monsanto aspirin will cure this.