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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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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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