Maladroit Macron makes more miscues in the Yellow Vest demonstrations. From Tyler Durden at zerohedge.com:
French authorities have arrested a key organizer of the Gilets Jaunes (Yellow Vest) movement for leading an unauthorized demonstration, signaling a crackdown on the anti-government demonstrators after nearly two months of violence-filled protests.
Eric Drouet, a truck driver from the suburbs of Paris, was arrested in Paris on Wednesday evening near the iconic Champs-Élysées avenue – a prime location for the yellow vests to gather. Drouet was detained while leading a commemoration of yellow vests who have died since the movement’s inception, most of whom were hit by cars during protests at roundabouts throughout the country, according to the Wall Street Journal.
Europeans don’t want to be centralized and they’re not too found of immigrants, either, as the EU finds itself whirling apart. From gefira.org:
The end of the EU and the Balkans as China’s foothold in Europe
Though the end of the European Union is inevitable, the proponents of a further integrated or federal superstate are busy making a last effort to achieve their goal. The opposition against the project is mounting with every day. Europe is suffering from economic stagnation, and is facing a demographic calamity.
The pro-European establishment’s last hope was the newly-elected French President Emanuel Macron who was to revive the economy and integrate the European Union under French leadership. Gefira was of the opinion that all these expectations were misplaced. The once great nation is broken beyond repair. France’s problems are much worse than those of Italy. Though Italy has a higher debt-to-GDP ratio than France, France has a larger budget deficit, and the difference is that while Italy has a trade surplus France has a trade deficit, so the country cannot pay for its imports.
The money quote from the article: “Perhaps the question should not be why Western Europeans are rioting but why they did not start rioting a long time ago.” From Bruce Bawer at the gatestoneinstitute.org:
- Across Western Europe, ordinary citizens feel ignored and condescended to by their political, business, academic, and media elites. Against the will of most of these citizens, their leaders are gradually surrendering their nations’ sovereignty to the EU.
- Also against these citizens’ will, their nations have been flooded with Muslim immigrants who embody a major cultural challenge, have caused massive social unrest, and represent a devastating economic burden.
- Although it is increasingly obvious that taxpayer-funded Islamization is leading Western Europe down the wrong path, the EU, which stands foursquare behind this disastrous development, refuses to reverse course.
- Perhaps the question should not be why Western Europeans are rioting but why they did not start rioting a long time ago.
|“Yellow vest” protesters gather at Place de l’Opera on December 15, 2018 in Paris, France. (Photo by Jeff J Mitchell/Getty Images)
Paris has now seen its fifth weekend of street demonstrations by the so-called gilets jaunes, or “yellow vests,” although reports suggest that things may be finally winding down. Meanwhile, the protests — which in many instances rise to the level of riots, with innumerable examples of looting, vandalism, and arson – have spread. The last couple of weekends have seen disturbances in other major French cities, such as Toulouse, Bordeaux and Lyon, as well as in cities in the Low Countries, including Brussels, Amsterdam, Rotterdam, The Hague, Nijmegen and Maastricht. This weekend, in London, as the tension, confusion, and frustration surrounding Brexit have intensified and the possibility of a second referendum seemed to increase, yellow-vested protesters, most of them apparently supporters of Brexit, blocked major bridges and shut down streets in the city center.
Posted in Collapse, Debt, Economy, Governments, Immigration, Insurrection, Politics, Taxes
Tagged Belgium, France, Islamization, Italy, Macron, The Netherlands, Yellow Vest protests
All of the revolutions, quasi-revolutions, and proposed revolutions out there are pushing for higher spending and less taxes. That’s problematic when the overthrown governments are deeply in debt. From John Rubino at dollarcollapse.com:
The past few years have seen more than the usual amount of political upheaval. But, interestingly, most regime changes have resulted in pretty much the same thing: Higher government spending and bigger deficits.
Apparently the only “reforms” today’s voters will accept – which is to say the only actions that don’t get a leader kicked out of office – involve spending rather than saving money.
Three recent examples:
Republicans – the party of smaller government – gained control of the White House and Congress in 2016, and proceeded to take a meat ax to bloated entitlements, lowering the government’s share of the economy to levels not seen since the Reagan years.
Just kidding. They tried to eliminate the newest entitlement, Obamacare, but failed to produce even a coherent proposal. So instead they cut taxes, expanded the military and left everything else on autopilot. Now, nine years into a recovery with official unemployment below 4% — and with the small-government party in charge:
(MarketWatch) – The Treasury Department says that adjusted for timing-related transactions, the deficit would have been $270 billion over the last two months compared to $250 billion during the same period the prior year, with tax revenue up by 1% but spending up by 4%.
The budget picture is deteriorating as the U.S. taxes individuals and companies less and spends more, mostly on defense and benefit payments to an aging population. Though a growing economy is softening the blow, it’s possible that the annual deficit will top $1 trillion this year.
Posted in banking, Capitalism, Collapse, Currencies, Debt, Economics, Economy, Governments, Insurrection, Money, Pensions, Politics, Taxes
Tagged France, Italy, Macron, Revolutions, US budget deficit
The yellow vests are making a lot of people in the establishment media look like idiots. For that alone we should be thankful. From C.J. Hopkin at unz.com:
So it appears the privatization of France isn’t going quite as smoothly as planned. As I assume you are aware, for over a month now, the gilets jaunes (or “yellow vests”), a multiplicitous, leaderless, extremely pissed off, confederation of working class persons, have been conducting a series of lively protests in cities and towns throughout the country to express their displeasure with Emmanuel Macron and his efforts to transform their society into an American-style neo-feudal dystopia. Highways have been blocked, toll booths commandeered, luxury automobiles set on fire, and shopping on the Champs-Élysées disrupted. What began as a suburban tax revolt has morphed into a bona fide working class uprising.
It took a while for “the Golden Boy of Europe” to fully appreciate what was happening. In the tradition of his predecessor, Louis XVI, Macron initially responded to the gilets jaunes by inviting a delegation of Le Monde reporters to laud his renovation of the Elysée Palace, making the occasional condescending comment, and otherwise completely ignoring them. That was back in late November. Last Saturday, he locked down central Paris, mobilized a literal army of riot cops, “preventatively arrested” hundreds of citizens, including suspected “extremist students,” and sent in the armored military vehicles.
The English-language corporate media, after doing their best not to cover these protests (and, instead, to keep the American and British publics focused on imaginary Russians), have been forced to now begin the delicate process of delegitimizing the gilets jaunes without infuriating the the entire population of France and inciting the British and American proletariats to go out and start setting cars on fire. They got off to a bit of an awkward start.