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Florence, Feb. 20th 2016
Right at the beginning of the 20th century (1901) Mr. J.P. Morgan financed Nikola Tesla, the famous Electric Inventor, in order to let him build the Wardenclyffe Tower in Long Island(NY) originally designed for wireless power transmission.
A hundread years later (2013), as already mentioned, his cubs used the term “clientalism” to nail down the Italian Constitution (btw, they must be stone broke for not being able to afford an English teacher).
On a book published last summer, ‘Against bank abuse‘, a columnist of the most important Italian business paper reported that ‘Monte dei Paschi & Co.‘ took over the 1.8 billion euros financially distressed “leading private energy operator”, the latter owned by the famous Electric Investor; and few weeks ago a smooth ejection occurred in the cockpit of the second most popular Italian daily newpaper.
Too bad that – talking about energy – the ‘powerless’ business man, and the press tycoon share the same bruised buttocks.
Even on Berlusconi’s paper, not too long ago considered as the outpost of the influence peddling, they suspected that this ousting was a quid pro quo between the Unelected Italian Government, and the two-faced deadpan lord.
Grand Old Problem: funny how a vice can easily flow from one way to the other (and vice-versa). Because scrolling from ‘Citizen Kane‘ to ‘Citizen United‘, it’s like asking ‘The Washing Past’ or the blank ‘Slate‘ why there are so many tax launderers hidden inside the Amazon.
But let’s go back to business (time is money). As stated three years ago to President Obama, “point is that S&P recently downgraded Monte dei Paschi, while JP Morgan Chase itself is a 2,52% shareholder of the italian bank”.
Hopelessly devoted to all the cuddly cubs who don’t seem to perceive – as the heading cover of ‘The Economist‘ warned us – that sinking feeling (again): from Wardenclyffe to cliff wandering, if not “clientelism”, how do you wanna call this fashionable dish?
Maybe fruit of the loot?
Sincerely
Giovanni Amaducci
(CivitasDemocratica.it)
*email unreachable