The major political upheaval that befell Italy happened on 26th May, 1981, when Prime Minister Arnaldo Forlani and his entire cabinet resigned.

This followed the exposure of a secretive Masonic lodge, known as P2 or Propaganda Due, intent on creating a shadowy state-within-a-state. Its 962 elite members included high-ranking military officers, civil servants, bankers, and a certain Silvio Berlusconi.

The mastermind behind the sect, Licio Gelli, was a former fascist functionary who had reinvented himself as a powerful and well-connected businessman. Gelli fled to Switzerland, but despite being eventually arrested and later extradited to Italy, spent no time behind bars.

In this episode, The Retrospectors unpick the involvement of ‘God’s Banker’, Roberto Calvi; consider Gelli’s lengthy involvement with fascism; and discover a surprising use for old flowerpots…

Further Reading:

• ‘Licio Gelli, fascist and masonic chief’ (FT, 2015): https://www.ft.com/content/7d3fdd08-a418-11e5-8218-6b8ff73aae15

• ‘Licio Gelli: Businessman who became the 'puppet master' of the sinister right-wing organisation, P2 (The Independent, 2015):

https://www.independent.co.uk/news/obituaries/licio-gelli-businessman-who-became-the-puppet-master-of-the-sinister-rightwing-organisation-p2-a6783576.html

• ‘PBS Newshour’ (PBS, 1981): https://www.youtube.com/watch?v=M3yV8L3s7QQ

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The Retrospectors are Olly Mann, Rebecca Messina & Arion McNicoll, with Matt Hill.

Theme Music: Pass The Peas. Announcer: Bob Ravelli. Graphic Design: Terry Saunders. Edit Producer: Ollie Peart

Copyright: Rethink Audio / Olly Mann 2025.

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