Two more politicians in France have abandoned Macron and joined the right party of LePen ahead of the May European elections. Our sources in France are clearly revealing that the Yellow Vest movement has had a profound impact on politics. Macron’s promises to raise taxes on the rich are falling short because that just never seems to result in lower taxes for anyone else.
Our models are shaping up to show May as the major turning point here in 2019. This will have a profound impact on European share markets as well as the currency. Meanwhile, the EU is really at war with Poland and its policies have been outright deliberately intent on punishing Poland. This is leading to the development of a new coalition causing Ital and Poland to join together against Brussels to form their own anti-EU league.
We are witnessing the Yellow Vest Movement now also spreading to Australia. We are seeing the rise there and in Canada also against Fake News that the media is desperately fighting Trump on who now label him an idiot in headlines. We are also witnessing a backlash against taking in the Muslim claimed refugees from Syria in Australia as well. It is not a matter of race, but culture. People who traveled to Paris from the USA this summer have often returned with horror stories of being robbed on the street, cell phones, jewelry, purses being stolen by people on motorcycles. Muslim women begging on every corner of the Champs-Élysées. The culture clash is the problem. These people cannot speak the language and lack skills for employment for the most part. Immigrants historically seek economic opportunity – not handouts. Last November, Merkel was offering cash to the refugees to leave Germany it was getting that bad. Now she is willing to pay one year’s rent back home to leave Germany.
The Green groups that have taken over the UN are frantic fearing that they want to avoid the violent clashes that have rocked France from becoming a “je suis Trump” (I’m Trump) moment for against climate change. It was the higher global warming fuel taxes and other environmental efforts that sparked the “yellow-vests” protests that have forced President Emmanuel Macron into retreat. In Canada, the Yellow Vests are also growing over environmental sanctions that block pipelines and creating employment in the energy industry which is also lurking behind a growing separatist movement in Alberta. The Yellow Vest Movement has hit Poland for all the same reasons. In Egypt, the government has restricted the sale of yellow vests in hope of preventing the spread of the movement there as well. This is turning into a clash against the Global Warming Crowd. The environmentalists now fear that the Yellow Vest movement will engulf all of Europe as their agenda has been to raise taxes and lower the standard of living in addition to the birth rate.
Some of the highlights from today’s protests in France are quite remarkable. Additionally, it seems indicative of an inflection point for Reuters to point out that Macron’s current approach toward the Yellow Vests is only making things worse…. Strange times.
PARIS (Reuters) – Emmanuel Macron intended to start the new year on the offensive against the ‘yellow vest’ protesters. Instead, the French president is reeling from more violent street demonstrations.
What began as a grassroots rebellion against diesel taxes and the high cost of living has morphed into something more perilous for Macron – an assault on his presidency and French institutions.
The anti-government protesters on Saturday used a forklift truck to force their way into a government ministry compound, torched cars near the Champs Elysees and in one violent skirmish on a bridge over the Seine punched and kicked riot police officers to the ground. (read more)
A Twitter user named Sotiri Dimpinoudis follows the granular events throughout France and posts ongoing video to his twitter account. Some of the video is quite remarkable.
Generally the protests seem loosely organized, but nationwide around 50,000 to 80,000 people today according to Reuters. The protests are generally peaceful; then, later in the day, the police arrive to remove them and things turn confrontational and violent.
By the time dusk arrives most of the ordinary Yellow Vest protesters have returned home; and that’s when it seems like smaller agitating groups start burning things.
Last Wednesday night the arrest of a key political organizer of the Yellow Vest protests, a 33-year-old truck driver named Eric Drouet, spurred the movement to claim French President Macron was now arresting his political opponents. The arrest of Drouet has led to an increase in retaliation by the group against the French government. [Video from today]
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Yellow Vest demonstrators are now allied with various groups from across the political spectrum; most peaceful, but some, notsomuch. This led to French government ministry official Benjamin Griveaux warning Emmanuel Macron yesterday that a “full blown revolution” was possible.
The evidence to support Minister Briveaux’s dire warning did not take long to surface as a team of masked intruders used a forklift and broke into the French ministry causing police and special forces to evacuate him to safety.
Bellingdog@Bellingdawg
Ingenious Free French Army use a fork lift battering ram to break through the doors of France’s Ministry of Finance and Economy.
(Via Daily Mail) […] He said they were radicals ‘who seek insurrection and basically want to overthrow the government.’
Today there were around 3000 of them in Paris alone, with another 22,000 plus in other parts of France.
Teargas, water canon and baton charges were used by riot police on a so-called ‘Act VIII’ Day of Rage organised by the Yellow Vest movement.
It followed the arrest the 33-year-old Eric Drouet, one of the group’s most high-profile leaders, on Wednesday night.
Today, there was initial trouble around the River Seine, where police unleashed gas and flash balls at a crowd Yellow Vests, who are named after their high visibility road safety jackets.
All were attempting to march on the National Assembly, the French parliament, but were held back.
This led to fighting on the footbridges crossing the river, and then on the nearby Boulevard St Germain.
By nightfall, the disturbances had spilled over to other famous avenues, including the Champs Elysee. (read more)
Daily Mail Online
✔@MailOnline
France is ablaze AGAIN as hundreds of Yellow Vest activists intent on ‘insurrection’ clash with police https://dailym.ai/2FbESmQ
France ablaze AGAIN as hundreds of Yellow Vests clash with police
Several hundred protestors gathered on the Champs Elysees in central Paris, where around 15 police wagons were also deployed. Marches were also underway in Rouen (pictured).
French authorities appeal for calm as spurts of unrest erupt across France in the latest gilet jaunes, or “yellow vest,” protests https://cnn.it/2Ra0EOJ
Former British Prime Minister Winston S Churchill famously said: “It is not enough that we do our best; sometimes we must do what is required.” Perhaps, in an ironic way, that is exactly what the British Army are doing as they reveal an ad campaign to recruit the finest young men and women the U.K. has for military service:
This is not a parody; these recruitment posters are very real. The stereotypical traits of British Millennials are accepted as the standard and re-branded as strengths.
The indulgent trait of self-centeredness becomes “self-belief;” the generational obsession with phones and gadgets becomes “focus”; and those with a propensity for compulsive selfie-taking are now cast with internal “confidence.”
Yes, the British Army have officially accepted that a generation where everyone deserves a trophy is now the first line of national defense; and thus recruitment efforts need to be modified accordingly.
Despite my notation promising this is not a parody, I am quite sure there are reasonably grounded people reviewing this who would nevertheless believe this has to be a joke.
It’s not.
Swear.
This is very, very, disturbingly real. [See Daily Mail] There’s even a highly produced set of broadcast commercials to support the recruitment campaign.
Great Britain has come a long way from Winston Churchill…
“Success is not final, failure is not fatal: it is the courage to continue that counts.”
The Yellow Vest Movement that began in France, is spreading. It appeared also in Belgium and it spread to Canada as well. The French arrested the leaders of the Yellow Vest Movement calling them an anti-government charging them for organizing an unauthorized protest, as authorities adopt a tougher approach to try to curb the demonstrations. During the weekend of December 15th, mimicking the Yellow Vest movement in France, protests have formed all over Canada. These are peaceful protests, unlike in France, but they have continued every weekend in various cities such as Toronto, Halifax, Edmonton, Saskatoon, Calgary etc, especially in Alberta and Saskatchewan.
Alberta has long been known as the oil province of Canada and is highly commodity driven. With NDP (New Democratic Party) preventing the expansion of the TransMountain Pipeline
from Alberta’s Edmonton to BC’s Burnaby after the project has already been approved by the federal government back in 2013, many people are unemployed. With oil in Western Canada
(Western Canadian Select) hitting $11.43 a barrel in November, companies simply cannot afford to stay in business. Combining this with the announcement that the price of vegetables
increased 4%-6% as of January 1st, it’s no wonder that many Canadians are frustrated.
This is also apparent as Calgary voted a resounding NO on a bid for hosting the 2026 Winter Olympics on November 13th. An estimate of $5.11 billion was announced with additional extra
costs which were never disclosed, people voted no to the increase the taxation in order to pay for it. The wrong event at the wrong time and people simply can’t afford to foot the bill.
Bottom line, too many taxes impact quality of life and no one will take to the streets when they are fat and happy.
What’s important here is that not only has Canada joined the Yellow Vest Movement, but it’s still going strong every weekend, Christmas, New Years, the protests against rising socialism
continue. Trudeau might have his work cut out for him before the next election in Canada in October 2019.
QUESTION: What about what China did by buying stocks a few years ago to stop the hang sang from dropping
ANSWER: Do not confuse attempts to support a market from actually being able to do so. This is the same as Keynesian economics that government could prevent recessions. Larry Summers admitted the government cannot even forecast such events. Not only during the Great Depression did companies jump in to buy their shares during the crash to try to prevent the decline. Most of the companies that took that action actually failed for they bought the stock back trying to hold the price and lost needed cash reserves. They could not sell stock again nor could the borrow.
During the collapse of the Nikkei after 1989, companies held believing that the government would support the market. When they realized the government could not then the government encouraged us to bail out the Japanese corporations. We helped well over 300 public companies issuing a note to buy their portfolios at their cost with 10-year payouts and each note had to be approved by the Japanese government individually. If the governments were able to actually prevent declines, then they would. But nobody can do that for the size of the public at large far outweighs any institution, group of institutions, or banks.
People would rather believe in conspiracy theories than simply look at the reality. Attempts to manipulate markets ALWAYS fail because the majority is far greater than any minority. The trend is made by the MAJORITY. A panic sell-off like the Crash of 1987 took place BECAUSE there was no bid – not that there was a massive short position. Scare the MAJORITY and they then try to sell, you find no bid and that is how a flash crash unfolds. This is why outlawing short positions is destructive for the only person with the courage to try to catch a falling knife is the one who is taking profit – not initiating a long position.
COMMENT: It looks like the Plunge Protection Team had a field day with the 1,000 rally in the Dow. Back in the 70s I read a small article near the back page of the WSJ that said that the CIA was using two small obscure banks in the Midwest to trade futures. The way they do it is to buy the futures and force the floor traders to stop selling. Then they pile it on and force the shorts to cover.
CM
ANSWER: That is really impossible. I have NEVER found a market that has EVER defied our model. The market bottomed precisely when it should have. Our Cyclical Array pinpointed the day well in advance. That proves there was nothing unusual. Last Friday the 21st, I wrote on the Private Blog: “We do have another Weekly Bearish Reversal at 22739 and a closing below that could warn of a Cycle Inversion meaning down into new week bottoming perhaps on the 26th and then rally into the following week for year-end and then turn back down into January.”
If what you are saying is true, then the government would never collapse and they are 100% in control of everything. That is just not the case. You are attributing power to them that they believe they have. However, if they had such power, then taxes would never rise for they are 100% in control and nothing would happen. Larry Summers, the father of negative interest rates, admitted in a Bloomberg interview that those in power can NEVER forecast a decline because it is a complex system.
I wrote on the Private Blog on December 24th: “The likelihood of lower lows into the 26th are good. But this week remains as a Panic Cycle so we can then see a whipsaw back up into the end of the week. Primary support still lies at the 21600 and 21450 level followed by 20002.”
Then on the day of the low, 26th of December, I posted on the Private Blog at 3AM for the European Open: “Often the bulk of a decline will unfold the day BEFORE the market closes. This is typically as natural human response of the fear of the unknown after the market reopens.”
I just do not see ANYTHING in the market behavior or patterns that would indicate something abnormal. The real explanation is just that all the selling took place on Monday as people feared it would collapse further on the 26th after the market opened. That has been the pattern for more than 100 years – panic before a close of the market for fear of the unknown. Sorry, great story about the Plunge Protection Team. A similar theory prevailed in Japan that the government would NEVERallow the Nikkei to fall. It did, and that belief led to a 19-year depression in share market price, but 26-year economic depression which did not begin to shift trend until 2015.75.
There have been attempts to create a Plunge Protection Team before. The banks got together to try to save the market back in October 1929. Here is the Los Angeles Times from October 26th, 1929 talking about the Stabilizing Forces to save the market. They failed to prevent the Great Depression.
Nobody can step in front of a falling market and survive. Nevertheless, despite the continued failure of such efforts, this myth is always spun. Anyone who believes that such a Plunge Protection Team can even survive never bothers to look at history.
QUESTION: Mr. Armstrong; Merkel has come out and said that “Nation states must today be prepared to give up their sovereignty.” This is what you have been saying that the agenda is to federalize Europe. Would you care to elaborate on her latest statement?
Thank you from Berlin
PH
ANSWER: Merkel has stepped down as leader of the CDU. She knows that she is on the way out. She hopes to cling to her position of power until she is dragged out by the hair. This statement is indeed the behind the curtain view. But she qualified that statement insofar as yielding sovereignty to Brussels over especially migration. This is a shot across the bow at the rising nationalism. You must look at the entire statement she made in order to expose the thinking process.
Merkel condemned any notion that Germany should join a fast-growing number of nations pulling out of the migration agreement. Even Australia pulled out of the UN migration agreement. She said that “there were [politicians] who believed that they could decide when these agreements are no longer valid because they are representing The People”. What is interesting is how she is splitting a democratic form of government which represents the people and one of an anti-democratic position because politicians know better than the people. She continued to remark that “the people are individuals who are living in a country, they are not a group who define themselves as the [German] people.” She holds the position that migration is inevitable, necessary and desirable. She refuses to admit that allowing in the refugees was a mistake.
Her reasoning states that nationalism “is not patriotism, because patriotism is when you include others in German interests and accept win-win situations.” The fact that is an anti-democratic position behind the curtain is evidenced by the fact that the FrenchPresident Emmanuel Macron, also recently stated that “patriotism is the exact opposite of nationalism [because] nationalism is treason”.
Macron travelled to Berlin and addressed the Bundestag that France and Germany have “obligation not to let the world slip into chaos and to guide it on the road to peace.” He added that “Europe must be stronger… and win more sovereignty” in order to suppress in truth the riots seeking to remove him in France. Both Macron and Markel are pitching that all EU member states should now surrender national sovereignty to Brussels over “foreign affairs, migration, and development” in addition to “an increasing part of our budgets and even fiscal resources.” Macron has sought and obtained an exemption to run a higher deficit than the EU rules allow because of the tax protests in France.
What is going on here is a tag-team. Merkel and Macron are advocating the surrender of sovereignty because they then can blame Brussels and not shoulder the responsibility for the economic disaster Europe is heading into for 2020/2021. We have two politicians whose days are numbered advocating the federalization of Europe that they previous swore would never happen.
The major influential German news weekly, Der Spiegel, has suspended two of its senior editors following the scandal involving a reporter Claas Relotius admitted faking stories for years. Relotius, who is 33, resigned after admitting that he had made up stories and invented protagonists in more than a dozen articles in the magazine’s print and online editions. Relotius was also named journalist of the year by CNN back in 2014. This has provided another whole dimension to the Fake News issue. Here, instead of institutional bias such as CNN, Fox, New York Times, and the Washington Post, we have an individual just creating news. He managed to get away with it for so long because the readers wanted to believe what he wrote.
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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
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