Armstrong Economics Blog/France
Re-Posted May 11, 2017 by Martin Armstrong
Emmanuel Macron’s victory promises no change for Europe and it has been the blessing Brussels wanted so badly to further advance the federalization of Europe. Macron will surrender far more French sovereignty to Brussels than anyone suspects. Macron is a technocrat and the youngest President in France ever at 39. His message of surrendering the sovereignty of France was the subtle use at his rally in Paris of the European anthem, Beethoven’s “Ode to Joy,” rather than the Marseillaise. This was indeed a powerful gesture of a surrender to Brussels that will be full and complete. It also signal there will be no change in direction or reform.
The New York Times called the defeat of Marine Le Pen, was a battle against the evil forces of “xenophobic nationalism exploited by President Donald Trump.” They also reported that this is the end of populism as expected for they classified BREXIT as “Britain’s dismal decision last year to leave the European Union, and in the face of Trump’s woeful anti-European ignorance, was critical” to Macron’s victory. It is just stunning how the New York Times cheers on the EU and socialism yet never looks at the data to see if they are correct in pronouncing that the EU has created growth rather than destroyed it.
The New York Times and their biased position will NEVER bother to just look at the numbers. GDP growth in Britain peaked in 1973 and has declined ever since joining the EU. So what’s the problem? Are the people at the New York Times blind, stupid, the party idiot, or just too corrupt to be objective?
If Macron was in the USA, they would be calling for the prosecution of his wife as a child molester. They met when he was 15 years old and she was his high school teacher at 40 years old. When his parents found out he was romantically involved with his teacher when she was still married to the father of her three children. His were so stunned, they removed their teen son from the school and sent him to finish his education in Paris. Now he is the leader of France.