Rome

Submitted by Judith Bergman via The Gatestone Institute,

Submitted by Mike "Mish" Shedlock of Mishtalk

Italy Seeks “Last Resort” Bailout Fund to “Ringfence” Troubled Banks, Meeting Monday; Italy vs. Austria

Italy’s finance minister, Pier Carlo Padoan, wants to "ringfence" its troubled banks.

Padoan called for a meeting of executive of the troubled banks in Rome on Monday. The banks allegedly will come up with a “Last Resort” bailout fund.

Last resort or first resort, is there a difference at this point in time?

Western Peoples Are Being Re-Enserfed

Following the collapse of the Western Roman Empire, free farmers were defenceless in the face of Viking, Magyar, and Saracen raiders. The need for protection led to the enserfment of free people who accepted the suzerainty of those able to provide walled defenses and armed fighters to ward off attacks. As time passed, the attacks ceased but the feudal arrangements persisted, and the system became exploitative.

At its peak, the Roman Empire held up to 130 million people over a span of 1.5 million square miles.

Rome had conquered much of the known world. The Empire built 50,000 miles of roads, as well as many aqueducts, amphitheatres, and other works that are still in use today.