Author Archives: Ket Garden

Emmanuel Macron has 62% of the vote while Jaques Chirac had 82,2% against Marine Le Pen`s father in 2002

People in France are at a very critical moment as they need to vote for a pro-European liberal or a far-right challenger. Voters in France will not only vote for France`s future but also for its place in the European Union.

Whats so special about this election is that the Socialist party and the center-right that have run France since the 1950s is out of the game with their old models. No matter what the winner is, the new President of France will have an agenda for change.

So, who is the next President of France?

 

 

The difference between Macron and Le Pen is that Macron want to stay in the European Union and Le Pen want to get out as soon as possible. They talked about it in a TV debate earlier this week. Emmanuel Macron also had this to say about Le Pen and her right-wing party:

“The France I want will not be divided. To make that happened we will need to leave a system that produced them. You are the co production of the system you are denouncing because you living thanks to it. You are its parasite!”

Wow! That was heavy stuff. «War declared» was also the headline in front of the newspaper in France earlier this week, and that was a message from Ms. Le Pen. There is no doubt; there is a war out there. The globalists vs The Populists.

Its a Populist wave in Europe, but we saw in Netherland that the Populists are still a minority. People in Netherland didnt want them. The latest poll in France is telling us that Macron will win by 62% which is a big victory.

But its not as good as Jacques Chiracs victory in 2002. He won 82,2% of the vote against the far-right candidate Jean-Marie Le Pen, which is the father of Marine Le Pen.

Chirac`s internal policies initially included lower tax rates, the removal of price control, strong punishment for crime and terrorism, and business privatization. After pursuing these policies as Prime Minister in 1986 – 1988, he changed his method.

He argued for more socially responsible economic policies, and he was elected in 1995 after campaigning on a platform of healing the “social rift” (fracture sociale).

Then, Chiracs economic policies, based on dirigisme, state-directed ideals, stood in opposition to the laissez-faire policies of the United Kingdom, which Chirac famously described as "Anglo-Saxon ultraliberalism". Chiracs religion is Roman Catholicism just like Emmanuel Macron.

There is a war going on and some of the weapons is «fake news». During the heated and sometimes vicious TV debate, Le Pen told Macron she hoped “we will not find out that you have an offshore account in the Bahamas”.

That was a reference to documents circulating on the internet that linked Macron to a Caribbean bank and was easily identifiable as forgeries. Macron swiftly rejected the comment as «defamation».

Paris prosecutors have launched a preliminary investigation into whether the fake news was being used to influence Sunday`s election runoff. Are we facing the same tactic as we saw during the American election?

“Macron came to Greeces aid during our crisis. The left should back him, Yanis Varoufakis said. Former President Obama said: «Im not planning to get involved in many elections now that I don`t have to run for office again, but the French election is very important to the future of France and the values that we care so much about”.

He added: “I have admired the campaign that Emmanuel Macron has run. He has stood up for liberal values. He put forward the vision for the important role that France plays in Europe and around the world. And he has committed to a better future for French people. He appeals to people`s hopes, and not their fears.”

I look forward to Sunday.

 

 

 

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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France`s unemployment rate of the population aged 15-64 years stood at 64,7 percent in December last year

People in France are tired of their status-quo and want a change. This is clearly seen in this year’s election where two outsider candidates are in the final. It is the same frustration in France as it is in the U.S. People try to vote for different candidates than ordinary politicians.

They voted for Obama because they wanted a change. People were looking for hope, and Obama must have done something right. Under his administration, the unemployment rate declined from about 10 to today`s 4,5 percent.

 

 

Can the next President in France do the same? In my last article I wrote about Macron who said he wants to re-forge France`s politics, culture, and ideology. If Macron is the next President, he has a heavy job to do.

France`s unemployment rate reached an all-time high in the first quarter of 1997. It peaked at 10,70 percent. But the unemployment rate is still very high and fell slightly to 10 percent in December last year.

Frances unemployment rate of the population aged 15-64 years stood at 64,7 percent in December quarter last year. Its even more shocking to see that their record low is 7,20 percent in the first quarter of 2008.

We have seen a lot of demonstrations in France recently, and now we understand why. People are not satisfied and Frances next President have to do something with that. If their record low is 7,20 percent he doesnt need to do much to fix that, but I assume that 7,20 is not good enough. So, what are they suppose to do? Let`s take a look at the French Constitution, article 1;

 

 

 

Its a revolution going on, but France has seen that many times before. The biggest one happened in 1789 until 1799, and Its very interesting to see what the triggers are. Historians widely regard the Revolution at that time as one of the most important events in human history.

The causes of the French Revolution are complex, but following the seven years war and the American Revolution War, the French government was deeply in debt and attempted to restore its financial status through unpopular taxation schemes.

Historians have pointed many events and factors within the Ancien Regime that led to the Revolution. Rising social and economic inequality, new political ideas emerging from the Enlightenment, economic mismanagement, environmental factors leading to agricultural failure, unmanageable national debt, and political mismanagement on the part of King Louis XVI who was executed.

Louis XVI ascended to the throne in the middle of a financial crisis in which the state was faced with a budget deficit and was nearing bankruptcy. This was due in part to France`s costly involvements in the Seven Years War and later the American Revolution.

In May 1776, finance minister Turgot was dismissed, after failing to enact reforms. A year later, Jacques Necker realized that the country`s extremely regressive tax system subjected the lower classes to a heavy burden.

He argued that the country could not be taxed higher; that tax exemptions for the nobility and clergy must be reduced, and proposed that borrowing more money would solve the country`s fiscal shortages.

Exactly the same pattern can be seen now. France has never had so much debt. France`s debt reached an all-time of 96 percent last year.

Demands for change were formulated in terms of Enlightenment ideals and contributed to the convocation of the Estates-General in May 1789. The first year of the Revolution saw members of the Third Estated taking control, the assault on the Bastille in July.

A central event of the first stage was the abolition of feudalism and the old rules and privileges left over from the Ancien Regime.

The outcome of the Revolution was the establishment of a secular and democratic republic that became increasingly authoritarian and militaristic. It was a radical change based on liberalism and other enlightenment principles.

Furthermore, we saw a rise of Napoleon Bonaparte with armed conflicts with other European countries. Napoleon became the hero of the Revolution through his popular military campaigns, went on to establish the Consulate and later the First Empire, setting the stage for a wider array of global conflicts in the Napoleonic Wars.

The dictatorship imposed by the Committee of Public Safety during the Reign of Terror, from 1793 until 1794, established price controls on food and other items, abolished slavery in French colonies abroad, dechristianized society through the creation of a new calendar and the expulsion of religious figures, and secured the borders of the new republic from its enemies.

A fundamental document of the French Revolution and in the history of human and civil rights is the Declaration of the Rights of Man and of the Citizen passed by France`s National Constituent Assembly in August 1789.

The Declaration was directly influenced by Thomas Jefferson, working with General Lafayette, who introduced it.

Influenced also by the doctrine of «natural right», the rights of man are held to be universal; valid at all times and in every place, pertaining to human nature itself. It became the basis for a nation of free individuals protected by the law.

It is included in the preamble of the constitutions of both the Fourth French Republic (1946) and Fifth Republic (1958) and is still current. Inspired in part by the American Revolution, and also by the Enlightenment philosophers, the Declaration was a core statement of the values of the French Revolution and had a major impact on the development of freedom and democracy in Europe and worldwide.

The modern era has unfolded in the shadow of the French Revolution, and the values and institutions of the Revolution dominate French politics to this day. Hundreds of years later, it`s interesting to see the same demand for change and hope.

They executed the King at that time. Now, people are voting for non-politicians, are against the establishment and humiliate modern party politics of left and right. Macron knows that and once said, the system «has ceased to protect those it should protect».

Don`t forget The Declaration`s article II: The goal of any political association is the conservation of the natural and imprescriptible rights of man. These are liberty, property, safety and resistance against oppression.

The role of government is to recognize and secure these rights.

 

 

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At the head of a youthful movement, En Marche!, Macron wants to “re-forge France`s politics, culture, and ideology”

People in France voted on Sunday and Macron is the winner with Le Pen as a strong nr 2. Both are the winners in the first round of the election, and the winner in the second round will be the next President of France.

How in the world is it possible that two outsiders are the biggest winners? Macron is only 39 years old and no longer a member of a political party. Wow. He was unknown barely two years ago. Never elected and he defines himself as neither left or right. And he can be the next President of France?

 

 

There is no doubt. People have spoken very clearly. The want a change. Something different. Something new, and that`s exactly what Macron is. Not something from the same old stuff. He is something new. Not ordinary politicians.

Former President Barack Obama`s slogan was back then «Yes we can», «Change versus more of the same», Vote for change, Change we can believe in, Stand for change, and the list goes on. People voted for Obama because people wanted change. Not only that; he was the first black President.

The same can be said about President Donald Trump. People voted for a human being. Not a politician. It seems like people don`t trust them anymore. They wanted something new in the U.S. So is it in France at the moment.

Macron like to present himself as the energetic outsider. So is it with Donald Trump. He often talks about energy. Macron also determined to break what he calls the «complacency and vacuity» of the French political system.

At the head of a youthful movement, En Marche!, Macron wants to “re-forge France`s politics, culture, and ideology”.

Economically, Macron is liberal and pro-business, and he says he is «of the left», but keen to unite people from across the spectrum, including the right. In the hands of a political establishment interested only in self-preservation, he has said, the system «has ceased to protect those it should protect».

Macron studied philosophy, is the son of a doctor and a neurology professor. He bought himself out of his government contract and joined Rothschild & Co, reportedly making around €2m as a thrusting young investment banker, before being appointed a senior adviser by President Francois Hollande in 2012 and two years later economic minister.

Macron resigned in summertime 2016 and launched his campaign in November. Only six months later, he is on the way to Elysèe Palace.

France has been struggling for a long time now with a high degree of inequalities, unemployment, and ongoing terror threat. What is all this compared to the French Revolution I wrote about one year ago? Macron and Le Pen are not left or right candidates and the established parties of left and right are out of the game.

The established parties are humiliated for modern French party politics of left and right.

People need to vote again in two weeks time, and Macron or Le Pen will be the next President of France. It`s up to the people in France on 7 May.

France is a beautiful country, but have a lot of trouble like inequality, unemployment, social divisions, and terrorism.

They also have a ruling elite with a strong sense of entitlement. Le Pen wants to get out of the European Union, so Macron is the only way to open up to the change of progressive, liberal and pro-European reform in France. So, this is not only about France, but also about Europe and the European Union.

People in France still have a job to do and they must finish the revolution that has been going on for a while now.

 

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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LIVE STREAM: President Donald Trump Holds a Joint Press Conference with Prime Minister of Italy Paolo Gentiloni

LIVE STREAM: President Donald Trump Holds a Joint Press Conference with Prime Minister of Italy Paolo Gentiloni

All times Eastern
Live stream of White House briefing at 2:00 pm

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EU passenger car registrations increased +11,2% which is an all-time high

EU is selling cars like never before. According to ACEA, EU passenger car registrations increased significantly, totaling 1,891,583 units, which is up +11,2 percent in March this year. This is an all-time high.

All the big five markets recorded very strong performances during the month, with Italy (+18,2%), Spain (+12,6%) and Germany (+11,4%) posting double-digit percentage gains, followed by the UK (+8,4%) and France (+7,0%).

 


This level of growth is mainly due to Easter falling in March last year and in April this year. The demand for passenger cars from January to March 2017 increased by 8,4 percent, totaling 4,141,269 units.

Italy (+11,9%), Spain (+7,9%), Germany (+6,7%), the United Kingdom (+6,2%) and France (+4,8%) all saw their markets grow during the first three months of the year, contributing to the overall upturn in the EU market.

The growth in car sales rose «only» 2,2 percent in February this year. The demand fell in several big markets and sales of volume brands Volkswagen and Peugeot slumped. Volkswagen AG, which is the biggest manufacturer, continued to lose market share, falling down to 10,4 percent.

Volkswagen new car sales fell 6,6 percent in February, and the sales of the larger Volkswagen group, which includes Audi, Porche, Skoda and SEAT, fell 1,1 percent.

The sports car brand Jaguar in the Jaguar Land Rover Group was again the fastest growing automaker in Europe. New Jaguar sales surged about 52 percent in February, which is much better than their competitors like BMW, Audi, Daimler AG`s Mercedes and Porsche.

 

 

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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