The first round of the 2017 French presidential election is set to be held this coming Sunday on the 23rd of April 2017. Should no candidate win a majority, which is usually the case in France, a run-off election between the top two candidates will be held on May 7th, 2017.
Macron and Le Pen are tied at 22% each – a far cry from a majority. Yet, what people fail to comprehend is regardless of who wins, a sizable portion of the population throughout all of Europe is anti-EU. Economically, if Le Pen does not win, it will be a very hard landing for the EU going forward for the politicians will refuse to reform and assume they have beaten the “populist” movement.
Like many Euro countries, France’s economy has reached a dead-end, or in French an economic cul-de-sac. This creates the social unrest, which is the seed of Revolution. France, as strange as it may sound, is actually closer to Britain than Germany or Italy. However, the French labor market is even more socialistic than that in Britain and it is in a major crisis. France has a major energy problem that is very specific to France. France uses primarily nuclear power. However, it does import energy from Britain.
With the elections coming up this Sunday, the EU suffered a major shock with the BREXIT vote in 2016. Then the election of Donald Trump smacked them square in the face, yet a deep-haze manifested in their eyes as the politicians refused to recognize that they were the targets.
Panic has given way to confidence in the last few months and politicians are preparing to blame Russia for their own failures. Before the first round of the elections in France, the EU is on guard desperately trying to defeat Le Pen at all costs. They cling to the large portion of undecided and they are calling in all the markers desperately trying to get the press to manipulate this election to save Brussels.
The polls reflect considerable uncertainty. Many voters, perhaps 30 to 40% of the total, have not yet decided. This reflects the 22% poll for both Le Pen and Macron.
What is clear is that a Le Pen victory will provide a soft-landing for the Euro. If she loses, then this is going to be a very hard landing indeed in 2018. There will be no hope of reform and Brussels will push it into collapse cheering how they have defeated the “populist” movement
One of the greatest monetary experiment in financial history has been the global central bank buying of government debt. This has been touted as a form of “money printing” that was supposed to produce hyperinflation. That never materialized as predicted by the perpetual pessimists. Nevertheless, the total amount of Quantitative Easing (QE) adding up the balance sheets of the Fed, the ECB and BOJ is now around $13.5 trillion dollars, which by itself is a sum greater than that of China’s economy or the entire Eurozone.
If QE failed to produce inflation, then ending QE may actually produce the inflation people previously expected. Where’s the strange logic in that one? Well you see, it really does not matter how much money you print, if it never makes it into the economy, it will not be inflationary.
The craziest think the Fed did was create excess reserves. The bankers complained that the Fed was buying the government debt so they would have no place to park their money. The Fed then accommodated them creating the excess reserves and paid them interest for absolutely no reason whatsoever. Almost $3 trill was parked at the Fed collecting interest so that $4.5 trillion of “printing” money never made it out the door. Hence, there was no inflation to speak of (outside of healthcare which always rises no matter what).
So how does stopping QE actually create inflation? The withdrawal of the Federal Reserve (Fed), the European Central Bank (ECB) and the Japanese central bank from the QE programs will lead to an increase in yields on the bond markets sending the financing costs for the states higher. This is predicated upon the notion that people will continue to buy government debt. Governments have increased their spending sharply because interest rates were effectively zero and the central banks were buyers. Now comes the moment of truth. Has QE undermined the bond market to such an extent that only a blind fool will buy government debt in an atmosphere of rising rates?
Moreover, other sectors of the global financial system have been seriously disrupted. For one, European banks were shipping cash to their US branches and also parking it at the Fed whereas the ECB was charging negative rates. Furthermore, of the $13.5 trillion on the balance sheets in central banks, they are now trapped and cannot sell that debt. This means they are themselves screwed and they have to wait for that debt to mature in order to reduce their balance sheets. They have no way out.
The Fed had a balance sheet of about $900 billion in 2008, whereas it currently stands at about $ 4.5 trillion. The Bank of Japan recorded an increase of 107 trillion yen in the same period of time to about 490 trillion yen or also about $4.5 trillion. Then we have the ECB which has more than doubled its balance sheet from EUR 2 trillion to EUR 4.1 trillion or also about $4.5 trillion.
The central banks bought the government bonds from the commercial banks and paid them money created out of nothing which is how the pessimist put it. In theory, that is elastic and if the government debt matures, it then evaporates from the balance sheet. Here comes the problem. The governments continue to borrow. With the central banks no longer buyers, then interest rates can rise faster than anyone expects because they will have to entice fresh buyers. If that fails to materialize, then we come to the Sovereign Debt Default crisis.
The Federal Reserve had recently announced that it would no longer reinvest its gains on government bonds that had matured into new US securities, resulting in a shortening of the balance sheet. Bills of $426 billion will be due at the Fed in 2018, and again about $357 billion a year later. So if the Fed will not repurchase that debt, then the amount of new debt coming to the market will DOUBLE.
The Treasury will be forced to find ways to absorb the additional supply if the Fed wants it’s cash back so the Treasury must find a lot more private buyers. The shrinking of the balance sheets represents the continued deflationary trend from a real economic expansion trend. The government will be competing for cash in an ever growing tighter economy.
The balance sheet of the Japanese central bank is likely to be expanded for a while as long as the targeted inflation target of 2 percent is not reached. The ECB’s balance sheet will continue to grow at least until the end of the year, as the borrowing program has been running until then. However, the negative effects of the balance sheet shortening of several central banks will mutually reinforce each other in 2018 and help to bring the financial crisis to a head for 2018-2020.
The withdrawal of the ECB’s purchases of securities that also included European corporate paper will lead to secondary effects even outside Europe and help to further maintain the deflationary aspects with respect to economic growth. This will serve to demonstrate the unintentional impact of this entire unorthodox monetary policy experiment.
Therefore, at this year’s WEC, we will be looking at this complex crisis. The inflation will be asset inflation – not demand inflation. So hold on – this is going to be the craziest ride in monetary history of human kind.
No event is happening in a vacuum. It is critical to emphasize this basic point when evaluating the foreign policy of President Trump and his administration. There is a very well planned multidimensional construct within the sequencing of individual events which shows a policy thread weaving throughout.
The challenging aspect for most of the current U.S. electorate, and specifically those who follow politics closely, is the Trump administration’s position to not publicly espouse targeted and strategic policy objectives.
This deliberate yet not publicly promoted approach is a paradigm shift for those who reference modern diplomatic politics through the prism of past doctrines and their public advancement. The Trump foreign policy approach is a planned, deliberate, consequential, and intentionally quiet undertaking.
That LOOK !
The Trumpian approach is becoming increasingly easier to see. However, it is not the typical approach customary amid politicians who use momentary events to elevate the appearance of their self-importance.
Quite the contrary, with the Trump team each action and participant provides visible dots, but the administration intentionally does not connect those dots for the media or the consuming public – or trumpet their importance.
The Administrations’ focus is on the ultimate outcome each individual event brings to the aggregate conclusion. ie. ‘the goal’; and not on the individual elements as they are assembled.
The background of the ‘Freedom Alliance’ stands as a baseline for understanding Trump’s mid-east policy goals –Review Here- And far below the media radar this quiet coalition approach continues: •Yesterday and today Defense Secretary James Mattis is in Saudi Arabia discussing U.S. regional policy intended toward the larger aspects of stability. •Yesterday the U.S. State Department released a JCPOA statement. •Earlier today, Secretary Tillerson spoke at a U.S. Saudi Economic Summit (remarks here).
Secretary of State Tillerson then delivers very deliberate remarks specifically focused on Iran, its ongoing nuclear program, sanctions and the Joint Comprehensive Plan of Action (JCPOA).
WATCH:
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Small people, small pundits and disconnected MSM opposition to Trump, bite at these individual moments to frame a narrative that Trump policy seems like more of the same type of interventionism. However, the reality is 180° divergent.
The larger objectives of each element is toward an outcome where the U.S. does NOT intervene, does not exhaust military action, but rather manages a process of stability through maximum diplomatic and economic leverage.
It is really quite remarkable, and more importantly it’s working:
♦ The number of NATO countries now fulfilling their defense spending obligations has increased from 3 to 5, with all nations agreeing to reach the compliant 2% GDP spending within 12 months.
♦ NATO and EU countries now emboldened to stand up to Russia.
♦ Russia has become more isolated and somehow, f**king incredibly, President Trump has cut the cord connecting Russia and China.
♦ China abstained, and did not veto, a U.N. Security Council resolution condemning Bashir Assad in Syria. Russia became isolated in their veto position and only Bolivia would concur.
♦ U.N. and international leadership praise Trump administration position of taking a hardline on chemical weapons attacks in Syria.
♦ Russian Vladimir Putin refused to meet Secretary of State Rex Tillerson, then abruptly did an about face after the G-7 meeting with T-Rex – because Russia’s influence was being further reduced and Putin felt threatened by diminishment.
♦ President Trump announces he will not label China as a currency manipulator. China has made no efforts to manipulate their currency since the Nov 8th, 2016, election.
♦ China turns back 12 North-Korean cargo ships laden with coal.
♦ China offsets N-Korean coal refusal with increased purchases of coking coal (steel-making) from the U.S.
♦ China halts direct air travel between Beijing and Pyongyang.
♦ China begins oil and fuel embargo of exports to North Korea.
♦ Stunningly, China announces their willingness to consider “Five Party Talks” about the denuclearization of North Korea without the government of Pyongyang at the table. (China, Russia, U.S., Japan and South Korea)
None of these outcomes are delivered through the continuance of Bush/Obama/Clinton foreign policy of interventionism. Each of these outcomes is occurring because of talks, leverage and alignment of economic influence on a larger scale than the individual interests of the countries involved.
[…] “I fully trust the capabilities of President Trump … he can succeed in so many fields that others cannot. I trust him wholeheartedly.”…
Rupert, Lachlan and James Murdoch have fired Fox News pundit Bill O’Reilly who will not be returning to the network April 24th at the conclusion of his vacation. Meh.
Fox News has announced the decision to move Tucker Carlson to the 8:00pm slot and shift their 5:00pm program “The Five” to the 9:00pm hour. The centerpiece of the panel show, Eric Bolling, will remain at 5:00pm with his own hour long program.
Effective April 24th the line-up appears to look like this:
5:00pm – Eric Bolling
6:00pm – Brett Baier Special Reports
7:00pm – Martha MacCallum (temp 100 days)
8:00pm – Tucker Carlson
9:00pm – The Five
10:00pm – Sean Hannity
More than likely this line-up will not work long-term.
The Fox Show “The Five” is not ideologically aligned between Tucker Carlson and Sean Hannity. The Five show is fraught with inconsequential gnat banter and provides no substantive intellectual perspectives to warrant a prime-time following.
The 9:00pm hour will fail because gnat banter is shallow and solid prime-time political/consequential news requires newsworthy guests to discuss important topics and intellectual discussion. Absent intelligent and stimulative guests, people tune out. Roger Ailes knew this key and critical aspect of constructing political TV viewership.
No-one cares about the opinion of the “The Five” annoying gnats who collectively end up tuned out because their voices instinctively force the eardrum to protect itself and the broadcast ends up sounding like a round table of Charlie Brown’s teachers: “wauh, wauh, wauh”. Additionally, everyone already knows the opinions and tastes of the cucumber and mayonnaise on wonder-bread punditry.
(Via USA Today) Federal agents ignored President Trump’s pledge to protect from deportation undocumented immigrants brought to the United States as children by sending a young man back to his native Mexico, the first such documented case, a USA TODAY examination of the new administration’s immigration policies shows.
After spending an evening with his girlfriend in Calexico, Calif., on Feb. 17, Juan Manuel Montes, 23, who has lived in the U.S. since age 9, grabbed a bite and was waiting for a ride when a U.S. Customs and Border Protection officer approached and started asking questions. (read more)
However, the U.S. Border Patrol presents an entire divergent set of facts to the Daily Caller:
[…] David Lapan, a DHS spokesman, told TheDC, “Juan Manuel Montes Bojorquez was apprehended by the Calexico Station Border Patrol after illegally entering the U.S. by climbing over the fence in downtown Calexico. He was arrested by BP just minutes after he made his illegal entry and admitted under oath during the arrest interview that he had entered illegally.”
The spokesman added, “His DACA status expired in Aug. 2015 and he was notified at that time. In addition, he has a conviction for theft for which he received probation.” (read more)
Oh what a tangled web is weaved…. Apparently, the FBI used the Jeb Bush/DNC Commissioned opposition research dossier on candidate Trump as evidence to the FISA court to gain a warrant for surveillance. Things just got more interesting.
If this report via CNN is factual in its baseline accuracy, methinks the motive for the stuttering obfuscation of FBI Director James Comey just gained some sunlight.
Washington (CNN) – The FBI last year used a dossier of allegations of Russian ties to Donald Trump’s campaign as part of the justification to win approval to secretly monitor a Trump associate, according to US officials briefed on the investigation.
The dossier has also been cited by FBI Director James Comey in some of his briefings to members of Congress in recent weeks, as one of the sources of information the bureau has used to bolster its investigation, according to US officials briefed on the probe.
This includes approval from the secret court that oversees the Foreign Intelligence Surveillance Act (FISA) to monitor the communications of Carter Page, two of the officials said. Last year, Page was identified by the Trump campaign as an adviser on national security. (read more)
Remember the comments from Chairman Devin Nunes when he shared: Mike Rogers (NSA) was very willing to provide the intelligence committee with evidence; however, James Comey (FBI) was not forthcoming with the requests made by the committee.
Why would FBI Director James Comey be vested in keeping information withheld from the oversight committee? Ah, now it’s time to bring back the public hearings.
FBI Director James Comey unmasked as a Deep State Black Hat Operative.
Representative Elise M. Stefanik is a young, freshman republican congresswoman from the Albany New York area. And using a probative questioning timeline, she single-handily pulled the mask from FBI Director James Comey, yet no-one seemed to notice.
Obviously Ms. Stefanik has not been in the swamp long enough to lose her common sense.
In the segment of the questioning below Rep. Stefanik begins by asking director Comey what are the typical protocols, broad standards and procedures for notifying the Director of National Intelligence, the White House and senior congressional leadership (aka the intelligence Gang of Eight), when the FBI has opened a counter-intelligence investigation.
The parseltongue response from Comey is a generalized reply (with uncomfortable body language) that notification of counter-intel investigations are discussed with the White House, and other pertinent officials, on a calendar basis, ie. “quarterly”.
With the statement that such counter-intel notifications happen “generally quarterly”, and against the backdrop that Comey stated in July of 2016 a counter-intel investigation began, Stefanik asks:
…”when did you notify the White House, the DNI and congressional leadership”?
BOOM! Watch an extremely uncomfortable Director James Comey outright LIE… by claiming there was no active DNI -which is entirely false- James Clapper was Obama’s DNI.
.
Watch it again.
Watch that first 3:00 minutes again. Ending with:
…”Because of the sensitivity of the matter” ~ James Comey
Director Comey intentionally obfuscates knowledge of the question from Rep Stefanik; using parseltongue verbiage to get himself away from the sunlit timeline.
The counter-intel investigation, by his own admission, began in July 2016. Congress was not notified until March 2017. That’s an eight month period – Obviously obfuscating the quarterly claim moments earlier.
The uncomfortable aspect to this line of inquiry is Comey’s transparent knowledge of the politicized Office of the DNI James Clapper by President Obama. Clapper was used rather extensively by the Obama Administration as an intelligence shield, a firewall or useful idiot, on several occasions.
Anyone who followed the Obama White House intel policy outcomes will have a lengthy frame of reference for DNI Clapper and CIA Director John Brennan as the two primary political operatives. Brennan admitted investigating, and spying on, the Senate Intelligence Committee as they held oversight responsibility for the CIA itself.
The first and second questions from Stefanik were clear. Comey’s understanding of the questions was clear. However, Comey directly evaded truthful response to the second question. When you watch the video, you can see Comey quickly connecting the dots on where this inquiry was going.
There is only one reasonable explanation for FBI Director James Comey to be launching a counter-intel investigation in July 2016, notifying the White House and Clapper, and keeping it under wraps from congress. Comey was a participant in the intelligence gathering for political purposes – wittingly, or unwittingly.
As a direct consequence of this mid-thought-stream Comey obfuscation, it is now clear -at least to me- that Director Comey was using his office as a facilitating conduit for the political purposes of the Obama White House.
Unfortunately, a slightly nervous Stefanik, never forced Comey to go back to the non-answered question and respond by saying:
No, Mr. Comey, there WAS a DNI in place in 2016, please answer the question of when did you notify him (Clapper) and the White House?
….. then it would get a little ugly:
Why did you notify Clapper and the White House but delay congressional notification?
With all the banter about these hearings, and against this slight moment of clarity of purpose, it bears repeating:
There is only ONE KNOWN Factual and CRIMINAL activity currently identified: the unmasking and leaking of Mike Flynn’s name to the media.
FBI Director Comey states his organization is “investigating”. Fair enough, however – not a single congresscritter asked HIM if he is the source of the unmasking or leaks.
♦ How can a congressional committee conduct an investigation if they don’t know if the primary witness, the lead investigator, is the source of the leaks?
♦ Wouldn’t the very first step, the actual basis of the foundation for the investigation itself, be to ensure the person conducting the investigation did not participate in the illegality of the conduct being investigated?
Think.
Avoid the shiny things.
Why wouldn’t congress ask this simple question?
Admiral Mike Rogers answers that approximately 10-20 people within his NSA organization had the potential to unmask and/or leak to the media. Fair enough.
♦ Wouldn’t the first question as follow-up be to ask Admiral Mike Rogers if he is one of those numbered possibilities?
♦ Wouldn’t the second follow-up question, in an authentic inquiry, be to ask Mike Rogers: if he is one of the possibilities with access to that information, then was he actually the person who unmasked or leaked?
If Mike Rogers and James Comey admit they are in charge of two of the possible source organizations for leak activity (expressly known illegal behavior)… then what affirmative confidence has either person expressed to congress to ensure the inquiring body that they personally were not the originating source?
Occam’s Razor – Because the question(s), the brutally obvious question(s), then lead to the follow-up: If the only criminal activity is the sourcing of the leak, and the two people giving testimony are potential suspects in that criminal activity, then: A) How can we trust their testimony, and B) Why are we even having this hearing”? (with two people who are suspects in an ongoing investigation)…
The answers reveal the current intention of the intelligence committee is not to actually investigate, but rather to give the outward illusion of investigation.
If they were not merely giving an illusion…. Congress would be pointing out that FBI Director James Comey has a direct and specific conflict of interest that is so glaringly obvious it’s unfathomable no-one see it.
Director Comey, and to a lesser extent Rogers, would have been in direct contact with the prior administration individuals, and entities acting on their behalf, who were politicizing the information being gathered and lying about (ie. leaking to the media) the content therein.
“Because of the sensitivity of the matter” ~ James Comey
Didn’t Comey further claim in this hearing that lying about the content of (or even the existence of) a counter-intelligence investigation was not itself a criminal act? Hello?
That said, James Comey has an expressed interest in claiming an ongoing investigation exists (even if it doesn’t) just to ensure the prior administration contact and behavior was shielded behind the wall of “an ongoing investigation”. Comey says: “Because of the sensitivity of the matter”.. Where “the matter” is the politicized and entirely false information from the White House.
FBI Director James Comey has singularity of knowledge and has cleverly placed himself in a position where there is no “oversight” of his claims.
…”Because of the sensitivity of the matter” ~ James Comey
See how that works?
At one point in his political life Comey may have been a White Hat, but there’s no doubt his behavior is exactly what a black hat operative would be doing to shield his connection to the black hat activity of the prior administration.
Summary: Hillary Clinton political operatives manufactured the illusion of a computer connection between Russian entities (financial banks) and the Trump campaign/organization. Those manufactured points of evidence were then passed along to White House entities who used the political intel community (Clapper to Comey) to open an investigation of nothingness – to nowhere. The mere existence of that investigation was then used as the originating point for a series of media intel leaks (the narrative) intended to cloud and damage the Trump campaign/organization. FBI Director James Comey, as head of one of the investigative agencies, became part of that political apparatus. Now, usefulness exhausted and with the media engaged, it’s CYA time all around for the originating entities.
“Because of the sensitivity of the matter” ~ James Comey
“I was urging my former colleagues, and, and frankly speaking the people on the Hill [Democrat politicians], it was more actually aimed at telling the Hill people, get as much information as you can – get as much intelligence as you can – before President Obama leaves the administration.”
“Because I had a fear that somehow that information would disappear with the senior [Obama] people who left; so it would be hidden away in the bureaucracy, um, that the Trump folks – if they found out HOW we knew what we knew about their, the Trump staff, dealing with Russians – that they would try to compromise those sources and methods; meaning we no longer have access to that intelligence.”
“So I became very worried because not enough was coming out into the open and I knew that there was more. We have very good intelligence on Russia; so then I had talked to some of my former colleagues and I knew that they were also trying to help get information to the Hill.”
This is really quite incredible and I’m not sure if I can do justice to the significance of it. Earlier today President Trump directly called out President Obama for the explosion of MS13 gang violence.
President Trump is 100% correct in doing this.
It was President Obama’s Unaccompanied Alien Children (UAC) Program that created the policy vehicle for Central American gang members to deliver their MS13 foot soldiers into the U.S.
Take a close look at the following three graphics. The first is a graphic of the ICE offices with multiple arrests of MS13 gang members:
The second graphic is from our previous deep research into the distribution of President Obama’s UAC immigration program:
The evidence is overwhelming. It is beyond refute, the Obama UAC program is what led to the explosion of Central American MS13 members into the United States.
Now the job falls to Attorney General Jeff Sessions to capture these violent criminals. In a great interview with Tucker Carlson AG Sessions explains his approach:
The Democrats blast CEOs and the Super Rich always demonizing them for elections. They look at their perks and compare them to the average worker to incite class warfare for every election. However, the Super Rich have nothing on politicians. They can create foundations for tax free living like the Clintons, or rent yachts like Obama for the lavish lifestyle.
Unbeknownst to most, the president of United States gets all these perks and more or private jets that CEOs of multinational companies, but the exception is he doesn’t have to pay taxes on these benefits AT ALL. So while the protesters demand Trump’s tax returns, they turn a blind eye to politicians living large at government expense. Even ABC News quoted: “Some accountability needs to be put in place. We won’t have them kicking sand in the face of taxpayers any longer.”
Turkish President Recep Tayyip Erdogan has achieved his dictator status which was his long-held ambition to expand his powers after the referendum handed him the reins of supreme power. However, the integrity of the vote is seriously questioned and the slim victory of just 51.4% approving a series of constitutional changes converting Turkey’s political system from a parliamentary to a presidential one, means there is going to be tension in Turkey looking forward. There will be no real checks and balances in place.
The opposition parties naturally called for the vote to be annulled because of a series of irregularities, The electoral board decision to accept ballots that did not bear official stamps has really called into question did the people really vote for this dramatic change.
The press in Turkey, like in Europe and America, seems to be just political propaganda always supporting whatever the government wants. Erdogan used his full powers of the state and government to dominate the airwaves and billboards while the opponents complained of intimidation, detentions and beatings. His response to the critics tyook the position that Turkey’s referendum was “the most democratic election … ever seen in any Western country.”
In Istanbul, there were protests chanting “thief, murderer, Erdogan” while banging pots and pans. The opposition, which is nearly 50% of the country, do not believe the votes were even real. Of course, Erdogan rejected all criticism as he spoke to flag-waving supporters in the Turkish capital, Ankara that were arranged and staged giving the airs of North Korea.
You can see Erdogan ‘s vision of resurrecting the Ottoman Empire hidden in his words. “The crusader mentality attacked us abroad. … We did not succumb. As a nation, we stood strong.”
The Ottoman Empire lasted for two cycle intervals of 309.6 years beginning about 1302 and its fall was 1922/1923. This attempt to resurrect it has come right on target – two intervals of Pi 31.4 years or 2016/2017. The next target is 2018/2019, which will be 18 intervals of Pi from the fall of Constantinople in 1453 with the last Emperor – Constantine XI (1448-1453). The war cycle seems to be working on time as this is lining up with that model pinpointing 2020.
The problem with Erdogan is he still lives in the past and believes in the battle of Conquest for power to him is defined by territory possessed. This was his objective to removing Parliament and seeking full dictatorial power.
Prime Minister Theresa May on Tuesday called for an early general election to be held June 8, 2017. She is seeking a strong mandate as she negotiates Britain’s exit from the European Union. She said that while the people voted to leave the EU, the politicians had not and they think because she has a thin majority, they can prevent BREXIT.
May’s governing Conservatives have a very small majority, with 330 seats in the 650-seat House of Commons. This has given a lift the the British pound as brain-dead and blind people still think being in the EU is somehow better. May actually triggered a two-year countdown to Britain’s exit from the EU in March. She said that if there is no election soon, then “the negotiations with the European Union will reach their most difficult stage in the run-up to the next scheduled election.”
Britain has a Fixed-Term Parliaments Act, whereby elections are held every five years. However, but the prime minister can call for a snap election if two-thirds of lawmakers vote for it.
Naturally, the primary opposition Labour Party, Jeremy Corbyn, who wants to turn Britain into total socialist state, said he welcomed May’s decision “to give the British people the chance to vote for a government that will put the interests of the majority first.”
May said she was looking forward to showing how Labour will stand up for the people of Britain against the bureaucrats in Brussels.
While the pound has rallied into the April target, it has reach into only the 12700 zone. We can see that technical support lies at the 12131 level with technical resistance at about 13400. We still need a weekly closing ABOVE 13000 just to imply the pound will hold for a while. We need a monthly closing above the 13500 area to raise hopes of extending the consolidation into the end of the year. A closing for April below 12865 will warn that the pound is losing support.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
Like many Euro countries, France’s economy has reached a dead-end, or in French an economic cul-de-sac. This creates the social unrest, which is the seed of Revolution. France, as strange as it may sound, is actually closer to Britain than Germany or Italy. However, the French labor market is even more socialistic than that in Britain and it is in a major crisis. France has a major energy problem that is very specific to France. France uses primarily nuclear power. However, it does import energy from Britain.
Panic has given way to confidence in the last few months and politicians are preparing to blame Russia for their own failures. Before the first round of the elections in France, the EU is on guard desperately trying to defeat Le Pen at all costs. They cling to the large portion of undecided and they are calling in all the markers desperately trying to get the press to manipulate this election to save Brussels.
Centinel2012 