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The system is rigged and The Idea of a meritocracy has turned out to be a “myth”

President Donald Trump was right; the system is rigged. Dozens of parents are spending in some cases between $200,000 and $6,5 million US to ensure their children could gain entry into some of America`s most competitive colleges.

More than 50 wealthy individuals were charged this week in purportedly the largest college admission scam ever in th U.S. The scam reveals the depths parents will allegedly go so their kids can have an upper hand and tout first-class higher education credentials.

Critics of the U.S college admissions system say it also exposes a rigged playing field for admissions and who gets left behind, according to Cbc.

The Justice Department said wealthy parents paid a consulting firm to falsify athletic credentials with Photoshopped pictures of their children playing competitive sports they never played.

They also paid for arrangements to have SAT test-takers pose as their children, fabricate medical conditions to allow their children extra time to take tests, and bribe administrators of college entrance exams to look the other way when it came to their children`s cheating.

The $25-million scheme «drives home the reality that the education system is stacked in favour of the rich. The Idea of a meritocracy has turned out to be a «myth,» with the SAT acting as a form of «affirmative action for rich white kids,» author Joseph Soares said.

I`m not shocked at all, The West have lost its greatness long time ago and this is just the tip of the iceberg. You can imagine how it is if your soccer team have low-skilled players. You will lose every battle. So is it for a country.

You will end up with bad politicians, weak business leaders and fake news. If the kids learn to cheat at the school it will be worse in real life. Nothing is worse than a rotten elite. Just take a look at the real life among the elite Trump is trying to fix now. Manaford is the latest but I guess it will be more.

Trump has done a lot of thing to make America great again and this is the latest case. Trump who is a business man. Not a politician. The same can be said about president Macron. He started his own political party in the middle because people in France was sick and tired of the establishment.

The establishment is France didnt even follow their own constitution. They probably didnt learn it at their elite school. How is it possible? Look at the situation with the Yellow Vest protesters in France. This has been going on not only for years but decades.

Meritocracy is an Academic discipline from Ancient Greek. Philosophers tried to build a system and a great democracy but look at it today. They are not following the rules.

Meritocracy is a political philosophy that holds that certain things, such as economic goods or power, should be vested in individuals on the basis of talent, effort, and achievement, rather than factors such as sexuality, race, gender, age, or wealth.

Advancement in such a system is based on performance, as measured through examination or demonstrated achievement. The Meritocracy is the society in which the gifted, the smart, the energetic, the ambitious and the ruthless are carefully sifted out and helped towards their destined position of dominance.

In the United States, the assassination of President James A. Garfield in 1881 prompted the replacement of the American Spoils System with a meritocracy. In 1883, the Pendleton Civil Service Reform Act was passed, stipulating government jobs should be awarded on the basis of merit through competitive exams, rather than ties to politicians ar political affiliation.

The concept has existed for centuries but the term «meritocracy» is relatively new. The earliest example of an administrative meritocracy, based on civil service examinations, dates back to Ancient China.

The concept originates, at least by the sixth century BC, when it was advocated by the Chinese philosopher Confucius, who «invented the notion that those who govern should do so because of merit, not of inherited status.

Ass the Qin and Han dynasties developed a meritocratic system in order to maintain power over a large, sprawling empire, it became necessary for the government to maintain a complex network of officials.

Prospective officials could come from a rural background and government positions were not restricted to the nobility. Rank was determined by merit, through the civil service examinations, and education became the key for social mobility.

One of the oldest examples of a merit-based civil service system existed in the imperial bureaucracy of China. Tracing back to 200 B.C, the Han Dynasty adopted Confucianism as the basis of its political philosophy and structure, which included the revolutionary idea of replacing nobility of blood with one virtue and honesty, and thereby calling for administrative appointments to be based solely on merits.

This system allowed anyone who passed an examination to become a government officer, a position that would bring wealth and honor to the whole family. In part due to Chinese influence, the first European civil service did not originate in Europe, but rather in India by the British-run East India Company.

Company managers hired and promoted employees based on competitive examinations in order to prevent corruption and favoritism.

Both Plato and Aristotle advocated meritocracy. Plato in his «The Republic,» arguing that the wisest should rule, and hence the rulers should be philosopher kings.

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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Who are the “gilets jaunes” (yellow vest) protesters?

Mainstream Media (MSM) is telling you that the protesters in France are Far-Right or hooligans, but that`s a big lie. The protesters are people in all ages from both left and right and from all different classes. This movement is different from all other movements we have seen in France so far.

70 percent of the people in France support the movement and it`s not only about gas prices but also about their standard of living. This is happening in a country with an Unemployment rate of 9,1 percent and a wage growth of 0,4 percent. On top of that there is a Youth Unemployment rate of 21,5 percent. Not only that; the unemployment rate reached a record low of 7,2 percent in 2008. I repeat; Record low of 7,2 percent.

Protesters in France are chanting “We want Trump”, but why are they doing that? The difference between Trump and Macron couldnt be more clear. Trump are on the peoples side and cut taxes, while Macron is doing the opposite; increase the taxes which in unpopular to the people.

Yellow Vest Protest will pick up again on Saturday.

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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America is governed by Americans. We reject the ideology of Globalism and we embrace the doctrine of Patriotism,» Trump said.

The U.S President Donald Trump said in a UN speech today that; «Migration should not be governed by an international body. Unaccountable to our own citizens. The only long-term solution to the migration crisis is to help people build more hopeful future in their home countries. Make their countries great again.»

Brexit boss Nigel Farage said Trump`s speech was music in his ears. The best speech by Trump so far. He also said that we want to have a world in which we respect the differences that exists between our countries, rather than pretending we can all be governed by one body. Run by bureaucrats. And that’s the theme, that ran to the whole of that speech, Farage said.

Donald Trump is also the man many claims coluded with Russia. So far, without any evidence. But whats more strange is that Germany is totally controlled by Russia because they are getting from 60 – 70 percent of their energy from Russia and a new pipeline. Who is talking about that?

The German market is the largest buyer of Gazproms exports and it accounts for about 27 percent of Gazproms European exports.

Not only Trump had a speech at UN today. Macron was also having a speech, and they both talked about competing visions at the UN. Trump talked about a New World Order, while Macron talked about a different one.

«I think that were seeing a crisis of our the very foundations of todays world. Were losing our benchmarks and our functioning. This is a reflection of our failures of the past,» Macron said.

«We will never surrender America`s souverenty to an unelected, unaccountable global bureaucracy,» Trump said. America is governed by Americans. We reject the ideology of Globalism and we embrace the doctrine of Patriotism,» Trump said.

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 President Macron is a promoter of globalization and openness and he will give a speech in Davos on Wednesday

France`s President Emmanuel Macron is expected to give a speech at the World Economic Forum in Davos tomorrow. He will speak to world leaders and business people and try to sell and promote a pro-European agenda and greater integration and reform while extolling the benefits of free trade.

The theme at Davos this time is «creating a shared future in a fractured world.» Macron is a promoter of globalization and openness, but he is also trying to protect people from the negative consequences of it.

Macrons popularity has bounced back in recent weeks despite what opinion polls show is an image of «president of the rich.» The speech on Wednesday will be Macrons first speech at Davos as President since his election last May.

Last year, Chinese President Xi Jinping were holding a speech about globalization. Now, Macron will be the face of Europe. A man who is pro-business representative for the EuroZone at a time of economic recovery and stability after years of crisis.

Macron defeated Le Pen and prevented a far-right government in France last year when he won the election, and I think he would be more than welcome among the business leaders in Davos this time.

He is a reformist who turned back the Le Pen populist wave and he has turned French politics upside down. Many leaders claim that Macron is the last hope for structural change.

His plans to reform Europe and the EuroZone is ambitious, and for Europe it is an important charm offensive.

Macron won the French election in May last year, and he has vowed to shake the French economy out of its torpor. He has, like President Trump, slashed wealth taxes and levies on capital gains. He has also pushed through reforms to the country`s famously rigid labour laws.

According to a survey from November 2017, a record 72 percent of US investors were optimistic about the French economy, which is a huge hike against 30 percent in 2016.

Mr Trump will try to sell his «America first» agenda while Macron will speak about his «Choose France». Google and Facebook are invited to Macron`s gathering. So are Alibaba, Siemens and Coca Cola to name a few.

Francois Hollande and Nicolas Sarkozy have held similar gatherings of CEOs in Davos, but Macrons conferance goes far beyond those hosted by Hollande or Sarkozy. Sarkozy hosted 25 CEO`s in 2011, while the Socialist Hollande hosted 34 world business leaders in 2014.

Macron and his team has invited 100 CEO`s of the biggest world companies. He has so far been carving out an active role on the world stage and he will use his speech to «propose his international vision for the world of tomorrow.»

German Chancellor Angela Merkel will speak the same day and that is two days before Mr Trump. What Macron will talk about is growing inequality, the need for better environmental protection, and global governance in the face of nationalism and extremism.

The economic outlook has improved, but 9 in 10 of those surveyed at Davos, said they expect political or trade clashes between major powers to worsen. 80 percent saw an increased chance of war.

 

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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