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TRUMPISTI! Italian Populists Expected to Defeat Referendum; EU Crisis Looms

Over this weekend, Italy will vote on a referendum that, if passed, will give the government sweeping powers to enact radical change. According to the latest polls, the referendum is expected to fail -- which might then pave the way for the nationalist Five Star Movement party to form a government -- who literally hate the EU.

Frontrunning: December 1

  • Oil hits six-week high after OPEC deal, sterling jumps (Reuters), Oil Holds Gains After OPEC Deal (WSJ), Hangover Awaits as OPEC Celebrates (BBG)
  • Opec agreement: the winners and the losers (FT)
  • Russia’s Pledge to OPEC Will Mean ‘Herding Cats’ to Deliver Cuts (BBG)
  • Mnuchin Made Millions From Financial Crisis (WSJ); Trump reverses stance by turning to Goldman alumni for key roles (FT)
  • Treasury Pick Says ‘No Absolute Tax Cut’ for Wealthy (WSJ)
  • Death toll rises to seven in Tennessee's Great Smoky Mountains fires (Reuters)

"Europe Will Devalue Or Dissolve..."

"Europe Will Devalue Or Dissolve..."

Submitted by John Rubino via DollarCollapse.com,

No rest for the wicked. With the shockwaves from Brexit and President Trump still reverberating around the world, the established order is bracing for more bad news. Next up is a December 4 Italian constitutional referendum that might end the reign of centrist prime minister Matteo Renzi and replace him with a bunch of anti-euro iconoclasts from the Brexit/Trump part of the spectrum. Here’s an excerpt from a much longer, deep-context Guardian UK article:

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