An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
The Yellow Vest movement will not stop, because neoliberal attacks on them will not stop. Because of the euro, the French government could not stop attacking even if it wanted to. Nor could the French people stop protesting even if they wanted to.
When food becomes very scarce, there will be a French revolution. Again.
95% of all revolutions begin with food scarcity. Not with poverty, or inequality, or government brutality. Food scarcity.
Or sometimes, water scarcity. In Nov 1999 Bechtel (a global company headquartered in Reston Virginia) took private ownership of all the water in Cochibamba (Bolivia's fourth largest city), and instantly quadrupled the water rates. (Welcome to the “free market” under monopolies.) The local people revolted, and ran Bechtel out of Bolivia. The neoliberal government sent in police reserves and army troops, but they were no match for the masses. This was six years before Evo Morales became president.
Regarding France, the revenue from added fuel taxes had nothing to do with “climate change.” The revenue was to be used to pay the bankers who lend euros to France. (France must borrow all its euros from bankers who create euros out of thin air.)
“The fundamental message of the GJs is that they simply can’t make ends meet. The cost of living keeps going up and salaries keep being squeezed. The Government needs to listen to its people and to change course.”
Change is not possible as long as France uses the euro. The only politician who admits this is Marine Le Pen, which is why the government keeps calling her a “Nazi,” and keeps fining her, and ordering her to undergo psychiatric evaluations.
There's been a TOTAL silence in the UK media about the yellow vests for weeks now. Looks like the UK government has ordered the media to keep quiet, which unfortunately under UK law the government is entitled to do.
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The Yellow Vest movement will not stop, because neoliberal attacks on them will not stop. Because of the euro, the French government could not stop attacking even if it wanted to. Nor could the French people stop protesting even if they wanted to.
When food becomes very scarce, there will be a French revolution. Again.
95% of all revolutions begin with food scarcity. Not with poverty, or inequality, or government brutality. Food scarcity.
Or sometimes, water scarcity. In Nov 1999 Bechtel (a global company headquartered in Reston Virginia) took private ownership of all the water in Cochibamba (Bolivia's fourth largest city), and instantly quadrupled the water rates. (Welcome to the “free market” under monopolies.) The local people revolted, and ran Bechtel out of Bolivia. The neoliberal government sent in police reserves and army troops, but they were no match for the masses. This was six years before Evo Morales became president.
Regarding France, the revenue from added fuel taxes had nothing to do with “climate change.” The revenue was to be used to pay the bankers who lend euros to France. (France must borrow all its euros from bankers who create euros out of thin air.)
“The fundamental message of the GJs is that they simply can’t make ends meet. The cost of living keeps going up and salaries keep being squeezed. The Government needs to listen to its people and to change course.”
Change is not possible as long as France uses the euro. The only politician who admits this is Marine Le Pen, which is why the government keeps calling her a “Nazi,” and keeps fining her, and ordering her to undergo psychiatric evaluations.
There's been a TOTAL silence in the UK media about the yellow vests for weeks now. Looks like the UK government has ordered the media to keep quiet, which unfortunately under UK law the government is entitled to do.
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