Populist tsunami in the West

We are in a very dark period in the human history right now. What we see now is a volatile political movement, and the Republican Donald Trump`s victory over Democratic Hillary Clinton last week was a triumph of populism in the U.S.

Globalisation and mass immigration from Libya and Syria to name a few, have so far made the rise of populist rhetoric, and what we see in the U.S can spread to Europe. France can be the next country to follow the U.S.

 

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(Cartoon by Homer Davenport, published in New York Journal, 1896)

 

This years presidential election in the U.S saw a wave of populist sentiment in the campaigns of Bernie Sanders (democrats) and Donald Trump (republicans), with both candidates running on anti-establishment platforms.

They both appeal to economic protectionism and have criticized free trade deals such as TPP (Trans-Pacific Partnership) and NAFTA (the North American Free Trade Agreement). Their movements coincide with similar trend of populism in Europe.

Populism is a political ideology that holds that virtuous citizens are mistreated by a small circle of elites, who can be overthrown if the people recognize the danger and work together. Populism depicts elites as trampling on the rights, values, and voices of the legitimate people.

Many observers have noted that populism is inherent to representative democracy, after all, do populists not juxtapose «the pure people» against «the corrupt elite?» In the United States populist movements have high prestige in the history books, for example, farmers movements, New Deal reform movements, and the civil rights movement that were often called populist, by supporters and outsiders.

The word populism is derived from the Latin word Populus, which means people in English. «The Roman people», not in the sense of «multiple individual persons». Therefore, populism espouses government by the people as a whole (that is to say, the masses).

This is in contrast to aristocracy, synarchy or plutocracy, each of which is an ideology that espouse government by a small, privileged group above the masses. The Populares were an unofficial faction in the Roman senate whose supporters were known for their populist agenda.

They tried to rule the by mobilizing massess of Romans, and some of the best known of these were Julius Caesar, who eventually used referenda to bypass the Roman Senate and appeal to the people directly.

There have been similar populist movements in the U.S before. The terminology was inspired by the Populist Party of the 1890s. This was the party of the early 1890s which Midwestern and Southern farmers and some labor unions denounced a system whereby

«the fruits of the toil of millions are boldly stolen to build up colossal fortunes for a few.»

The term «populist» re-emerged in the 1950s. An anti-elitism similar to the populist wave in the 1890s, but not all academics accepted the comparison between the left-wing, anti-big business Populists and the right-wing, anti-communist McCarthyites.

The term «populist» nonetheless came to be applied to both left-wing and right-wing groups that blamed elites for the problems facing the country.

Theodore Roosevelt led a populist party in 1912, and Ralph Nader campaigned against the power of large corporations such as auto companies.

 

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(Theodore Roosevelt, born in 1858, Manhattan, New York)

 

From its beginnings in early 2009, the Tea Part movement has used populist rhetoric, particularly in areas and states where Democrats are in power. Boyer states:

The Tea Partys name, large outdoor rallies, populist rhetoric, and use of patriotic symbols (notably,Dont Tread On Me Gadsden Flag, which emerged as the movements standard) tapped into the historical legacy of the Antifederalist movement of the 1780s.

According to Political professors Joe Lowndes and Dorian Warren, the Occupy Movement is «first major populist movement on the U.S left since the 1930`s.»

The Occupy Movement is an international socio-political movement against social inequality and lack of «real democracy» around the world, its primary goal being to advance social and economic justice and new forms of democracy.

Among the movement`s prime concerns are how large corporations (and the financial system) control the world in a way that disproportionately benefits a minority, undermines democracy, and is unstable. It is part of what Manfred Steger calls the «global justice movement».

The fist Occupy protest t receive widespread attention was Occupy Wall Street in New York City`s Zuccotti Park, which began on 17 September 2011, the tenth anniversary of the re-opening of Wall Street trading after the 11 September 2001 attacks. By 9 October, Occupy protests had taken place in 82 countries and over 600 communities in the United States.

British protsters organized an occupation of the London Stock Exchange to bring attention to what they saw as unethical behaviour on the part of banks. In January 2012, Occupy protested at the World Economic Forum.

One of the organizers of the protest said the protests were to be focused against «increasing social and economic injustice in this country.» In his opinion, «the Government has made sure to maintain the status quo and let the people who caused this crisis get off scot-free, whilst conversely ensuring that the people of this country pay the price, in particular those most vulnerable.

The movement has been described as broadly anticapitalist. They want to tighten banking-industry regulations, ban high-frequency trading, arrest all «financial fraudsters» responsible for the 2008 crash, and form a Presidential commission to investigate and prosecute corruption in politics.

The Occupy movement is partly inspired by the Arab Spring, the 2009 University of California occupations, as well as the overall global wave of anti-austerity protests. The movement commonly uses the slogan: «We are the 99%».

The movement has been described as a «democratic awakening». It has also been called the reinvention of politics, revolution, and utopia in the twenty-first century.

 

 

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On 3 April 2016, hundreds of supporters of Bernie Sanders protested outside of CNNs Headquarters in Los Angeles. Sanders protestors were protesting CNNs coverage of the 2016 United States presidential elections, specifically in regards to the amount of airtime Sanders has received.

Known as Occupy CNN, protestors are claiming that major media networks have intentionally blocked out Sanders presidential campaign in favor of giving much more airtime to candidates such as Hillary Clinton and Donald Trump.

In Switzerland the Occupy spirit lives on by annual online and offline celebrations each year on the 17th September in the village of St. Imer where modern anarchism began with the International Congress of 1872.

The Occupy Cafe along with the Decentrate Co operative continues to assist those wishing to participate in the continuing «decentralisation of the power» of banks and corporate entities; and, to encourage global activism through developing trust and value networks.

Scholars have argued that populist elements have sometimes appeared in authoritarian or fascist movements. Conspiracist scapegoating employed by various populist movements can create «a seedbed for fascism. National Socialist populism interacted with and facilitated fascism in interwar Germany.

In this case, distressed middle-class populists during the pre-Nazi Weimar period mobilized their anger at government and big business. The Nazis «parazitized the forms and themes of the populists and moved their constituencies far to the right through ideological appeals involving demagoguery, scapegoating, and conspiracism. According to Fritzsche:

The Nazis expressed the populist yearnings of middle-class constituents and at the same time advocated a strong and resolutely anti-Marxist mobilization….. Against «unnaturally» divisive parties and querulous organized interest groups. National Socialists cast themselves as representatives of the commonvelth, of an allegedly betrayed and neglected German public… Breaking social barriers of status and caste, and celebrating at least rhetorically the populist ideal of the people`s community…

People in France are familiar with populism. In the late 18th century, the French Revolution, though led by wealthy intellectuals, could be described as a manifestation of populist sentiment against the elitist excesses and privileges of the Ancien Règime.

In France, the populist and nationalist picure was more mystical, metaphysical and literarian in nature. Historian Jules Michelet fused nationalism and populism by positing the people as a mystical unity who are the driving force of history in which the divinity finds its purpose.

Michelet viewed history as a representation of the struggle between spirit and matter, he claims France has a special place because the Frence became a people through equality, liberty and fraternity.

Because of this, he belived, the Frence people can never be wrong. michelet`s ideas are not socialism or rational politics, and his populism always minimizes, or even masks, social class differences.

 

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In the 1880 there was a resurgence of French populism in the form of Boulangisme, and in the 1950`s, Pierre Poujade was the leader of the right-wing populist movement Union de Defense Commercants et Artisans (UDCA)

Jean Marie Le Pen (who was UDCAs youngest deputy in the 1950s) can be characterized as right-wing populst or extreme-right populist.

The French National Front, currently led by Marine Le Pen, is one of the most successful populist parties in Europe. After Brexit and Trump`s victory, she has declared that her victory in Frence elections is the next step in the political wave sweeping the globe.

National Front leader Marine Le Pen has led a number of polls ahead of next spring`s French presidential election, but many belive she will reach the second round of voting, beaten in the final round by a candidate from one of the mainstream parties, as her father was in 2002.

Next after France can be Italy. In 1994, Silvio Berlusconi entered in politics with his new party called Forza Italia. He created a new kind of populism focused on media control. Another populist party in Italy is Lega Nord.

They fights for the implementation of stricter rules and laws in order to contrast the expansion of Islam into Europe. It opposed to Turkish membership of the European Union and is considered one of the eurosceptic movements. It also emphasizes the fight against illegal immigration.

In 2009, Beppe Grillo founded the Five Star Movement. The M5S`s programme also contains elements of both left-wing and right-wing populism and American-style libertarianism. The party is considered populist, ecologist, and partially Eurosceptic.

We live in a dark period of the human history, and the society we live in right now is disguisting. It`s all set up for a perfect storm and what we are facing right now is historic moments, but not something new. Just read my article «The Revolution of 1848 and Europe like it is today» (written May 6, 2016).

The Revolution of 1848 and Europe like it is today

The history repeat itself.

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Just 32% of Americans have “great deal” or “fair amount” of trust in the media

Media are attacking President Donald Trump, but it seems like people isnt listening anymore. A Gallup poll from September found that just 32% of Americans have «great deal» or «fair amount» of trust in the media, which is the lowest level in the polls history.

Media are in trouble!

What tools do the establishment have if people dont belive media anymore? And what tools do the establishment have if people dont have faith in politicians anymore?

 

(RT: 26 April 2011)

You can see how media are turning things up side down. So are the politicians who have always lied. It was much more easy to lie when there where fewer media outlets. The lies was shaped and tempered by the media.

The most embarrassing lie was during the terror attack on twin towers. Former President Bush said Iraq had weapons of mass destruction, but that was a BIG lie. There were no reason to attack Iraq and people went angry because of that.

The demonstration against the war in Iraq was huge in the United States, but not only that. It is the biggest we have seen in modern history in Europe. Here is what made people pissed: The establishment didn`t listen to the people.

On top of that, people went angry at terrorists for making them feel afraid. The terrorist came as a direct result of the attack in Iraq and the killing of their leader Saddam Hussein. But it didn`t stop here. Next war was underway.

Who wrote about the war in Libya? The Media was silent like never before. We didnt hear much about it, but they bombed Libya and killed Gaddafi. People went even more angry, but it didnt stop here.

Pictures and videos from the killing of ambassador Chris Stevens who was raped and sadomized before murder made people more angry. They went crazy when they heard it took so much time before the support came to the consulate. Fox News sources said CIA in Benghazi during consulate attack denied help. Maybe Mr Stevens could be alive today?

It doesn`t help to know that the United States created al-Qaeda. It is a shame to know that ISIS is also created by the United States.

The point is that the people was against it. So are President Donald Trump. He said Saddam and Gaddafi was a big mistake. Media want us to know that Putin and Russia is dangerous, but how dangerous are they?

In 2011, Putin said: Who gave NATO right to kill Gaddafi? Who gave coalition forces in Libya the right to eliminate Gaddafi? Thats the question Vladimir Putins been asking, during an official visit to Denmark.

The Russian Premier also said NATO`s effectively joined one of the warring sides in the conflict. And more responsible action should be taken instead, Putin said.

What kind of dangerous man is saying things like that?

Take a trip to Africa and ask people about Gaddafi. They saw up to him. Gaddafi was the king of Africa. A big star. Putin didnt join NATO in Libya. He said it isnt right. Its crime, he said. They also killed Gaddafis son. What have he done? People in the West are not proud of this. They are angry.

We can see a clear picture when we know that Edward Snowden is hiding in Russia. He exposed mass surveillance by the NSA (National Security Agency). They spy on ordinary people and this is lack of people`s freedom and liberty. People are not proud of this. They are angry.

President Donald Trump like Putin who is hiding Snowden, and Putin was celebrating Trump`s victory last week.

People are not proud, and therefore, Mr Trump want to Make America great again! Good luck.

 

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President Donald Trump are good at solving debt problems

The silent majority has spoken. Donald Trump is the next President of the United States of America. Many people are in shock, claiming that they don`t know how the future will be. Others are scared because Trump can hit the nuclear-button.

How will the world be like with Donald Trump as the next U.S President? Take a look at the video below. You will be surprised.

 

 

15 years ago, Donald Trump was against the war in Iraq. A war in Iraq will destabilize the Middle-East, he said. And he was right.

With Donald Trump at the White House 15 years ago, we wouldnt be in war with Iraq. A stupid war that gave the people a lot of terrorism in return. A war that nobody from the grassroot supported. The establishment didnt listen to the grassroot, and I think that was a big mistake.

This is exactly what Donald Trump is fighting against; the establishment. A group of arrogant people who is not listening to the majority of people. Trump also seems to like Russia and Putin. The opposite of what the establishment stands for.

We have heard NATO claiming that Putin and Russia is dangerous, but people dont belive in it. Trump and Putin doesnt like war. They like business, growth and prosperity. Productivity in the military system is productivity at the wrong place.

So, why are so many people so scared? So far, I haven`t heard one single person talk about the U.S debt. Do you really know how much debt they own? I can tell you. The debt is too much to handle. It will soon reach $20 trillion!

Personally, I have never been a fan of debt. It can kill you. Trump will start the new year with a budget deficit which is more than $500 billion and the national debt will go above $20 trillion. What a case for Trump. A man who is familiar with debt.

Social Security hold about $5 trillion of this debt, and less than $15 trillion in public hands. The interest rate is still below 2% with a net interest cost of $223 billion in 2015. The federal budget for this fiscal year is about $4 trillion, and the debt will continue to grow.

The U.S is growing faster than the European Union. What if the GDP in the U.S will grow faster than 3%, and what if Trump start tax relief programs?

If the U.S pay more than $300 billion in interest, it will jump to about $500 billion if the interest rate on the U.S debt jumps from 2% to 3%. The more interest rate jumps, the more interest cost jumps. How in the world are they gonna stop the debt?

Trump can be the solution.

Trump`s hotel and casino businesses have declared bankruptcy five times between 1991 and 2014. The reason for the first four bankruptcies were over-leveraged hotel and casino businesses in Atlanta City.

According to a report by Forbes in 2011, Trump said: «Ive used the laws of this country to pare debt..... well have the company. Well throw it into a chapter. Well negotiate with the banks. Well make a fantastic deal. You know, its like on The Apprentice. Its not personal. Its just business.»

Donald Trump solved his own business debt by negotiations. Will it be easy for him to do the same with the U.S debt? In the video above, Trump said that politicians just talk without any actions. America needs a strong leader, he said.

Now, it is up to Mr Donald Trump himself to do something. To get some action. People voted for him because he is an outsider. They voted for him because they belive that he can handle the economy, taxes and create jobs better than Hillary Clinton. He is not only an outsider, but also a businessman. Not a politician.

Trump once said: «We owe $19 trillion. Boy, am I good at solving debt problems. Nobody can solve it like me.

 

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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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YouTube is dominant in the music streaming market and a new case for the European Commission

Consumer behaviour is very important for the music industry and a new research by IFPI contains key findings on changing consumer behaviour and provides valuable insights on the «value gap», which is the music industry`s most pressing priority.

«The value gap» is the massive mismatch between the growing consumption of music worldwide and the disproportionately small revenues that are returned to rights holders. It is caused by a market distortion allowing some major digital services to circumvent the normal rules of music licensing.

This denies musicians, artists, composers and investors fair compensation for their work; lowers investment in and diversity of new music; and skews competition among digital services. IFPI sees today`s proposal as a good first step in the process.

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Notably, the proposal confirms that user uploaded content services that promote and monetize music should be covered by the same copyright rules as other on-demand services.

Commenting on the proposal, IFPI Chief Executive, Frances Moore said:

«The music industry has transformed itself in recent years, licensing hundreds of services, widening choices for consumers and investing in new, creative ways to bring artists to a global audience.

But to achieve sustainable growth, the music sector needs a level playing field.

This means creating an environment where copyright rules are correctly applied so that creators and producers can be confident to invest and license. It also means allowing digital services to compete on fair terms and enabling consumers to enjoy access to diverse sources of licensed music.

«Today`s proposal is a good first step towards creating a better and fairer licensing environment in Europe. Importantly, it confirms that user uploaded content services such as YouTube, which are the largest source of on-demand music, should not be able to operate outside normal licensing rules.

However, there is a lot more to do to make this a workable proposal. We look forward to working on this in the coming months with the Parliament and Member States.»

The music consumer behaviour is changing, and this is the key report highlights:

  • Paid audio streaming is growing: 71% of internet users aged 16-64 access licensed music. Paid audio streaming services are growing in popularity, especially among under 25`s. One-third of 16-24 year old now pay for an audio streaming service.
  • YouTube is the most used music service: 82% of all YouTube visitors use it for music. More people use YouTube to consume music they already know than to discover new content.
  • Copyright infringement remains a significant problem: more than one-third (35%) of internet users access unlicensed music content. infringement is changing, with half (49%) of 16-24 year olds using stream ripping services to download music.
  • Young people are highly engaged with music: with 82% of 13-15 year-old listening to licensed music and the majority willing to pay for music.
  • Smartphones are moving towards replacing computers as the most used device for music consumption; especially in developing countries. Users of paid audio streaming services are particularly likely to listen to music on a smart phone.

Commenting on the report, Frances Moore, CEO, IFPI said:

«There are many positives for the music industry in this research: streaming services have revolutionised the experience of the music consumer, with growing numbers paying for audio streaming services;

listeners are responding to the benefits offered by on-the-go, on-demand access to music by moving more and more to the world of mobile, especially in emerging markets; and young fans are showing passion and engagement with music.

«Record companies, and the investment they make in music, are at the heart of this change. That investment is all the more important in the digital world, driving the creation of new music and helping artists connect with their fans.

«There are also key insights informing the policy debate on musics «value gap», the biggest problem for todays music sector. The research highlights the dominant position amongst music services of YouTube, as well as the fact that the site is used by consumers primarily to access music they know, on-demand.

Yet YouTube can get away without remunerating fairly artists and producers by hiding behind ‘safe harbour’ laws that were never designed for services that actively engage with and make available music enjoyed by the vast majority of its users.»

YouTube use a loophole in international copyright laws. The pay much lower licensing fees the music industry than services such as Spotify and Apple Music. YouTube considers itself a hosting platform rather than a content distributing platform.

This is a practice that has repeatedly been dismissed as unfair by record companies and competitors. YouTube say it is mostly a promotional platform for artists and record companies.

Spotify is twice as big as Apple Music. Spotify has 40 million paid subscribers, while Apple music has «only» 4 million. Spotify has 100 million of total listeners while Apple Music has 78 million.

To put that in perspective; YouTube doesn`t have any paid subscribers, but they are more than 8 times bigger than Spotify with its listeners.

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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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The Federal Reserve

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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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