Even if France’s current leader wasn’t an elitist idiot, the country would probably be irretrievable. From Guy Millière at gatestoneinstitute.org:
- President Macron never says he is sorry for those who have lost an eye or a hand… from extreme police brutality. Instead, he asked the French parliament to pass a law that almost completely abolishes the right to protest and the presumption of innocence, and that allows the arrest of anyone, anywhere, even without cause. The law was passed.
- In June, the French parliament passed another law, severely punishing anyone who says or writes something that might contain “hate speech”. The law is so vague that an American legal scholar, Jonathan Turley, felt compelled to react. “France”, he wrote, “has now become one of the biggest international threats to freedom of speech”.
- The main concern of Macron and the French government seems not to be the risk of riots, the public’s discontent, the disappearance of Christianity, the disastrous economic situation, or Islamization and its consequences. Instead, it is climate change.
- “The West no longer knows what it is, because it does not know and does not want to know what shaped it, what constituted it, what it was and what it is. (…) This self-asphyxiation leads naturally to a decadence that opens the way to new barbaric civilizations.” — Cardinal Robert Sarah, in Le soir approche et déjà le jour baisse (“The Evening Comes, and already the Light Darkens”).
French President Emmanuel Macron never says he is sorry for those who have lost an eye or a hand from extreme police brutality. Instead, he asked the French parliament to pass a law that almost completely abolishes the right to protest and the presumption of innocence, and that allows the arrest of anyone, anywhere, even without cause. The law was passed. (Photo by Kiyoshi Ota – Pool/Getty Images)
Paris, Champs-Élysées. July 14. Bastille Day. Just before the military parade begins, President Emmanuel Macron comes down the avenue in an official car to greet the crowd. Thousands of people gathered along the avenue shout “Macron resign”, boo and hurl insults.
To the French protestors, what’s probably more infuriating than their low incomes is that those incomes are stagnanting while costs of living continue to rise. From Ryan McMaken at mises.org:
With the rise of the Yellow Vest Movement in France — which began last October and continues today — French activists and writers have begun to re-evaluate the state of French income and poverty. Since the movement began, articles with titles such as ” Revealed: The shocking scale of poverty in France in 2018 ” or ” Soul-searching in France as poverty leaves one million children hungry ” have become more overtly political given the context of the protests.
Typically, the government’s response to accusations of widespread poverty — which, as in America, are not necessarily accurate accusations — has been to spend more money on social programs.
But here’s the thing: France is already spending more than the rest of Europe when it comes to welfare programs. According to the OECD, when it comes to “public social spending” as a percentage of GDP, France tops the list at over 31 percent.
In contrast, Swedish social spending is 26 percent of GDP, while Germany and Norway come in at 25 percent. Switzerland is near the bottom of the list at 16 percent, while the US is at 18 percent.
Emmanuel Macron warns against anti-Semitism among the Yellow Vests, but ignores the obvious anti-Semitism of much of France’s Muslim population. From Guy Millière at gatestoneinstitute.org:
- “It is up to us to give a political meaning to the [“yellow vest”] revolt. The goal is not simply to challenge an increase in taxes, but the political system that induces it…” — Elias d’Imzalene, French Islamist preacher, November 23, 2018.
- “Macron hates the yellow vests and wants them to vanish. He wants to win European elections and needs the Muslim vote. He knows perfectly well who the anti-Semites are today, but will not attack them. He needs them. He attacks [only] those who are dangerous to him. “— Éric Zemmour, French author, February 19, 2019.
- Other people noted that holding a demonstration that excluded the right-wing National Rally party was a move aimed at diverting attention from the real anti-Semitic danger. They also suggested that political parties which support the murderers of Jews were precisely those which deny that radical Islam is a danger.
|After sixteen Saturday demonstrations by the “yellow vests,” who began in November by protesting French President Emmanuel Macron’s increase in fuel prices, the controversy seems to have taken a darker turn. Pictured: “Yellow vest” protestors near the Eiffel Tower in Paris, France, on March 2, 2019.
After sixteen Saturday demonstrations by the “yellow vests,” who began in November by protesting French President Emmanuel Macron’s increase in fuel prices, the controversy seems to have taken a darker turn.
The flash-balls are here, the pitchforks are coming. From Raúl Ilargi Meijer at theautomaticearth.com:
It’s educational and even somewhat entertaining to observe the role of the western press in the ongoing erosion and demise of democracy in Europe. But while it’s entertaining, it also means their readers and viewers don’t get informed on what is actually happening. The media paints a picture that pleases the political world. And it it doesn’t please politicians to lift a veil here and there, too bad for the public.
The Shakespearian comedy that was performed last night in the UK House of Commons is a lovely case in point. Basically, MPs voted whether or not to allow PM Theresa May to change the Brexit deal she had told them about a hundred times couldn’t possibly be changed. Brexit has turned full-blown Groucho by now: “Those are my principles, and if you don’t like them… well, I have others.”
It was exactly two weeks ago last night that lawmakers voted by a historic 432 to 202 count to reject May’s Brexit deal. And now they voted to a) let her change it and b) go talk to the EU about changing it though Brussels has said as often as May herself that it cannot be changed. Remember: the UK is set to leave the EU 59 days from now, and counting.
It’s like in a game of chess that has long turned into a stalemate or threefold repetitionsituation: you stop playing. No such luck in British politics. The only way the parliament could find ‘unity’ (in a narrow vote) was to agree to ditch the Irish backstop that is an integral part of why the EU accepted May’s deal to begin with.
Yellow vests are popping up everywhere. From Tyler Durden at zerohedge.com:
The Yellow Vest anti-government movement started in France on November 17, when over 300,000 people across France protested a carbon tax on fuel that French President Emmanuel Macron touted as evidence of France’s leadership when it comes to mitigating climate change.
The Yellow Vest protests quickly evolved into a general anti-government movement – with hundreds of thousands of angry French citizens taking to the streets for ten straight weeks of mostly peaceful protests marked with pockets of violence, looting and mayhem.
What’s more – the movement has gone worldwide – with perhaps the most notable protests outside France taking place in Belgium, where Brussels riot cops have dealt with week after week of protesters blocking oil depot and throwing hard objects at them.
An entire class of French people are tired of being treated as second-class citizens. From Christopher Guilluy at spiked-online.com:
The gilets jaunes (yellow vest) movement has rattled the French establishment. For several months, crowds ranging from tens of thousands to hundreds of thousands have been taking to the streets every weekend across the whole of France. They have had enormous success, extracting major concessions from the government. They continue to march.
Back in 2014, geographer Christopher Guilluy’s study of la France périphérique (peripheral France) caused a media sensation. It drew attention to the economic, cultural and political exclusion of the working classes, most of whom now live outside the major cities. It highlighted the conditions that would later give rise to the yellow-vest phenomenon. Guilluy has developed on these themes in his recent books, No Society and The Twilight of the Elite: Prosperity, the Periphery and the Future of France. spiked caught up with Guilluy to get his view on the causes and consequences of the yellow-vest movement.
spiked: What exactly do you mean by ‘peripheral France’?
Christophe Guilluy: ‘Peripheral France’ is about the geographic distribution of the working classes across France. Fifteen years ago, I noticed that the majority of working-class people actually live very far away from the major globalised cities – far from Paris, Lyon and Toulouse, and also very far from London and New York.
Technically, our globalised economic model performs well. It produces a lot of wealth. But it doesn’t need the majority of the population to function. It has no real need for the manual workers, labourers and even small-business owners outside of the big cities. Paris creates enough wealth for the whole of France, and London does the same in Britain. But you cannot build a society around this. The gilets jaunes is a revolt of the working classes who live in these places.
They tend to be people in work, but who don’t earn very much, between 1000€ and 2000€ per month. Some of them are very poor if they are unemployed. Others were once middle-class. What they all have in common is that they live in areas where there is hardly any work left. They know that even if they have a job today, they could lose it tomorrow and they won’t find anything else.
Financial nuclear warheads.
The mainstream media has degenerated irreparably. Here’s a reliable rule of thumb: if it’s important it’s not covered; if it’s covered it’s not important. Stories in the American mainstream press about Yellow Vest protests have been few. One aspect of the protests, transcendently important, has received scant coverage.
The Yellow Vest protestors have called for a coordinated run on French banks. Whether they realize it or not, they’re playing with nuclear warheads that could annihilate not just the French, but Europe’s and the entire world’s financial system. Because inextricably linked to the ends of contemporary governments―how much they can screw up the lives of those who must live under them—is the question of means―how do they fund their misrule? The short answer is taxes and debt.
Since 1971, when President Nixon
“temporarily” suspended international convertibility of dollars for gold (it’s never been reinstated), the monetary basis of the global economy has been fiat debt. Neither government or central bank debt nor currencies are tethered to any real constraint, like precious metals (see “Real Money,” SLL). Thus, politicians and monetary officials can create as much debt as they want: debt by fiat.
Government and central bank debt is at the apex of the global debt pyramid. The next tier is commercial banks that have accounts at central banks. Those accounts are bank assets and central bank liabilities, or debts. Central banks expand their fiat liabilities to banks in exchange for banks’ fiat government debt, an exchange called debt monetization, which is a bit of a misnomer since no “Real Money” is involved. The “monetization” is the central bank’s fiat expansion of banks’ accounts with the central bank in exchange for fiat government debt, which expands banks’ assets available for loans to governments, businesses, and individuals.
Posted in banking, Business, Civil Liberties, Collapse, Currencies, Debt, Economics, Economy, Financial markets, Governments, History, Insurrection, Media, Money, Politics
Tagged Bank Runs, Real money, revolution, Yellow Vest protests