The foreign siege on Italian savings. We squander it, and they gobble it up.

MONEY SAVED BY ITALIANS –

You asked yourself a question: Why are foreigners, led by Americans and French, so interested in planting their flags at the top levels of Italian finance? Why is it that American investment banks always dictate major financial transactions, and now the French, already owners of BNL, have seized a portion of Unicredit's assets (by purchasing Pioner) and have set their sights on none other than Generali? The answer is simple: Italy is very fragile at this stage, but Italians' savings are very solid, and foreigners are doing everything they can to get their hands on themI'll even venture a prediction: when it's restructured, thanks to state intervention, even Italy's oldest bank, Monte dei Paschi di Siena, will end up in foreign hands. If I'm wrong, I'll buy a drink to anyone who reminds me.

ALSO READ: Veneto Banca collapse: this is how the money of penniless savers was wasted.

ITALIANS ARE BIG SAVERS –

Despite the winds of the Great Crisis which are still blowing hard, despite the country's general impoverishment and the frightening increase in real poverty (affecting more than 1.5 million families), despite all the economic and political uncertainties, Italians, quietly, continue to save. We are at world-leading levels, 4 trillion in financial wealth alone: ​​cash (some people even put it under their mattresses), government bonds, bonds, funds, stocks, currencies, etc.

Let me be clear: savings, when they are the result of legal activities and net of corruption, are an indicator of the solidity of the population, moreover, we have always been ants, and we have built our well-being, our development model, on this paradigm. Among other things, At this time people are saving more for other reasons too: uncertainty about the future, the need to have a "nest egg" so as not to lower their standard of living, support for young people who are so penalised in their search for work and independence.. And again: the corruptionThe scams and waste that have been seen and multiplied in Italy's financial sector, starting with the well-known banks that have crippled savers but saved the backsides and wallets of the deceitful bankers. This too is frightening and encourages conserving rather than taking risks.

SAVINGS MANAGEMENT IN BANKS –

The reasons and strengths are clear, we must also say that this huge saving is a huge, sorry for the repetition, waste. Already, This is money that does not benefit the productive economy, it does not finance businesses, crafts, innovative start-ups, new agriculture, or the country's economy in general.No, they remain locked away in some warehouse or financial institution, with the hope of increasing the saver's wealth, perhaps with a few big moves on the Italian stock exchange, where insider trading is quite common. Unlike all other European countries, not to mention America, where citizens' savings continually end up financing investments by private and public companies, Our savings are as if frozen. They don't feed channels that lead to more widespread wealth. (starting right from healthy and quality companies), It does not increase investments, it does not contribute to reducing unproductive public spending to instead increase spending that is useful to citizensEverything at a standstill: this is the enormous waste, which is actually the basis, if you think about it, of Italy's lack of growth. A real short circuit: Businesses do not grow, do not innovate, do not create new jobs, while savers' money remains locked away in banks and financial companies, where the first to have an interest in freezing it are them, the financial companies that administer and manage, with generous rewards, this mountain of savings, of wasted wealth.So here's the riddle explained and the answers to the questions I posed at the beginning: Foreigners, like vultures, while several Italian banks are at risk of bankruptcy, are swooping down on the 4 thousand billion in savers' moneyAnd when I mention foreigners, someone might tell me that the French aren't foreigners, since we're together in the European Union. Yes: together? And do you think France would ever have allowed the acquisition of companies and businesses by Italian companies, which the French are doing in our country? I have serious doubts, or rather, I'm certain: someone would have stopped us.

WASTE AND FRAUD IN ITALIAN BANKS:

• Bank fees for account holders: why are they the highest in Europe?
• Banks, corruption, and oversight: who protects savers? And will scammers foot the bill?
• Savers defrauded by banks: but is Consob still useful?
• Banks are caught between scams and waste. But so far, customers and workers have been paying the price.
• Easy foreclosures: if you don't pay your mortgage, the bank will immediately take your house.