Armstrong Economics Blog
Re-Posted Jun 6, 2016 by Martin Armstrong
COMMENT #1:
A single image that would suffice to understand the situation in France : Hollande is at a historical low approval rate, 11%.
The common reaction is : “How come he enjoys so much support ?”.
Honestly, I think Hollande does not get it. He likes to show how satisfied and proud of his achievements he is, which people see as a permanent provocation. He’s as clueless as you can get.
On the other hand, Manuel Valls is an arrogant, angry and brutal prime minister who often uses a martial rhetoric to silence anyone who questions his judgment. The man is known for having some serious mental problems. Be sure that if this man could, he would turn France into a dictatorship overnight.
Hopefully, Hollande is weak and unable to make decisions. He’s known to be a pathological liar, including in his private life. Being a natural born coward makes it impossible for him to take any responsability, even the smallest. When a problem occurs, he usually run away after having scapegoated someone else for the mistake.
Regards.
Some news from France where the global atmosphear is looking like a complete moral and political meltdown.
The french president François Hollande, his ministers, especially the head of the Ministry of the Economy Emmanuel Macron, can’t travel in France. Ministers have been ordered to reduced their trip to a “strict minimum”. The bill to reform the job market regulations is at the epicenter of the broader french society existential crisis.
Here is a link for the record related to the great difficulty the government experience to move within France :
I discuss extensively with thousands of French from various background and regions. I think the anger is at an all time high. It’s pure hatred for the government, politicians and, because the leading one, Hollande and his prime minister Valls. People are more and more convinced that France is becoming a “socialist dictatorship”.
Thanks to police forces, Hollande is still alive, but if it were not for the cops, the crowd would already be sitting in the Elysée Palace.
I talked with a a person from Belgium leaving in Romania with high levels connexions in Brussels. They’re terrified about 2017 for they know Alain Juppé (former Chirac Prime minister, crooked as possible) or Sarkozy won’t be able to lead France for it is more of the same and people are all too aware of it.
I remember you told me that your computers do not see Sarkozy winning. I don’t see Hollande winning. And i don’t think Le Pen can win. It looks like a dead end at this stage.
Regards.








