Yes, it was just three scant years ago that we were treated to all the ballyhoo and tosh about the Paris Agreement and how it was going to save the world.
"Let them eat carbon!" said French President Emmanuel Macron this week, offering his peasants a six-month reprieve on their coming carbon sin tax. And, kicking his feet up on his desk at the Élysée Palace, he breathed a sigh of relief. He had bought himself some time to figure out how to deal with the rabble at the gates. But how much time?
Not much at all, it turns out. As of press time, the yellow jackets have announced their intention to proceed with "Act 4" of their protests this weekend, and the government has responded by announcing its decision to close the Eiffel Tower, the Louvre, and other tourism landmarks on Saturday. Meanwhile, Paris, for its part, is bracing for another weekend of violence and street battles.
For those living under a rock who might not have heard, France has been subject to a series of protests in recent weeks over widespread dissatisfaction with the Macron government and its insistence on pushing through a series of deeply unpopular tax increases and economic reforms. The protesters have adopted the "gilets jaunes," or yellow vests that all French drivers are required to store as a safety measure in the event of a roadside breakdown. It is the perfect symbol for the movement in many ways: it is a standard item that everyone has to hand, it is a visible sign of distress, and it is connected to the fuel tax that was the straw that broke the proverbial camel's back and sent the people spilling out onto the streets.
Given the number of fake, Soros-backed, globalist-friendly "color revolutions" that have arisen in so many countries over the past two decades, it is understandable if readers maintain some skepticism about the reality of this latest, color-coordinated protest movement. But unlike those well-funded, globalist-backed protests, this one is hoping to ultimately topple the administration of Macron, the former Rothschild & Co. in...
Every time this market has gone a bit sour over the past 6 years, they’ve found a way to goose it higher.
... it was not merely to line the pockets of the well-connected that the war was fought... it was a chance to change the very consciousness of an entire generation of young men and women
Will this actually help prevent another flash crash? Will the database do what it's supposed to do?
Speaking of Madness, I’m on record saying that AI is a very dangerous thing. Opening areas that will have social impacts.
Endless US launched war in Syria rages. Is aggression on the Islamic Republic coming? Will Trump regime hardliners dare embroil the region in something far more dangerous than already?
Censorship is not harmless folks. When they control the narrative to the point where the only thing you can hear is their version of things, then we’re well on our way.
Quantitative Tightening means that all those dollars that were thrown around the world over the past decade are now being sucked back into the US.
The old adage on Wall Street is that the market climbs the steps going up, but takes the elevator down. It certainly does.
I didn't exactly coin the term, but I'll take credit for identifying it before it existed.
Fair value is not a fail safe, doesn’t always tell you where things are going to open, and becomes useless just minutes into the day.
This is the problem with criminality. Like a cancer, if it is allowed to fester in one part of society it will, sooner or later, spread to others.
I wish it wasn’t so, but as you can see, the worlds in a bit of a mess right now and as we approach the mid-terms, I think all manner of hell is going to break loose.
... it is entirely possible that the next major war will be fought not by human soldiers but by telepathically controlled drone swarms and autonomous weapons. I mean, humans will die, of course, they just won't be required to do the fighting.
A real, workable, viable peace treaty isn’t even on the table. And, sadly, given the repeated signs that the US is not negotiating in good faith, it seems exceedingly unlikely that we’ll see such a deal any time soon.
A newsletter for economic news, global trends, politics, money, and investment. Published on Wednesdays and Saturdays for subscribers. Get a free sample of our full issue, or Subscribe today.