Tag Archives: Narendra Modi

President Emmanual Macron criticized President Donald Trump for being a Nationalist but should take a lesson from him

French President Emmanuel Macron criticized the U.S President Donald Trump a few weeks ago. Macron said Trump was a Nationalist, and Mainstream Media (MSM) followed up to say that Hitler was also a Nationalist. Wow, what a comparison.

What journalists in the MSM is not telling people is that even Mahatma Ghandi was a Nationalist. The National Movement in India and the role of Mahatma Ghandi and Non-Violence is an example. Employing nonviolent nationalist movements as his weapon, Ghandii stirred Indian men and woman to «fight» for independence without shedding blood. But Ghandi was also a populist. Just like Trump.

Ghandi considered himself one, and his mission was primarily the establishment of a free, independent, culturally distinct Indian nation. He used to say that “nonviolent nationalism is a necessary condition of corporate or civilized life.” (As opposed to violent nationalism).

In the book “Autobigraphy of a Yogi” the writer, Paramahansa Yogananda, quotes Ghandi`s own words on nationalism:

“I call myself a nationalist but my natioanlism is as wide as the universe; it embraces all nations. My nationalism includes the prosperity of all nations. I do not want my India to raise on from the ashes of other nations. I do not want India to ever exploit any human. I want a strong India able to transfuse its strength to other nations.Today, none of the European countries does this; they do not transfer power to other nations.”

Ghandi was also a populist. Who know that? Populist rule is bad for democracy, but despite that, we can see that populists are being voted into office in country after country. Narendra Modi win elections when the institutionalized ties between non-populist parties and voters decay.

But there is a big difference between the populism we see outside of the U.S than inside. Trumps populism is good populism while many of the other populists are bad. Trumps plan is “America First,” and that`s why he is cutting taxes, made a lot of reforms and negotiated better trade deals.

There is no doubt that European Union is important, but at what cost? Take a look at President Macron. The man who talked about Trump`s Nationalism in his speech while MSM followed up with Nazi stories.

But who is in real trouble here? Rebels in Paris blasts Mr Macron for his gas tax hikes. The opposite of what Trump did. He cuted the taxes and the U.S economy is booming. The U.S unemployment is low while it remain high in France.

This is not the fist time I`m writing about the protesters in France. This is something that has been going on for years and decades. France need to do something to make a change, but do Macron have something to learn from Trump? It remains to see.

But it seems like Macron is doing the opposite of Trump who are a Nationalist and a Patriot. Trumpis doing what he can to protect his own citizens. Its all about "America First" and he wants to Make America Great again. Whats wrong with that?

President Macron is a part of the European Union which is driven by faceless bureaucrats. A collaboration the United Kingdom wants to leave. A collaboration that communist Jeremy Corbyn want to join again. Done by a second referendum.

But Paris rioters steal police rifle and torch cars while they are protesting fuel taxes, but the demonstrations are also an indication of growing animosity toward Macron. President Trump is on his own people`s side but President Macron seems to be against his own people with bad decisions.

People in France believe that Macron is serving the interest of the EU and not the French workers. A President should represent the people, “We the People,” but the French protest movement, known as jilets jaunes (yellow vests), are protesting against its own President and the state of France`s economy as well.

President Macrons popularity is low and will be so for quite some time, because he has given no indication he will bend to the peoples demand. This will give Macron`s political competitors like Marine Le Pen a huge advantage.

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.

 

Leave a comment

Filed under Politics

World`s biggest election

 

The world`s largest democracy has a new leader and his name is Narendra Modi. India`s opposition leader Narendra Modi is on course to become prime minister in India, as his party heads for a majority in the national elections.

India

India is a country in South Asia and is the seventh-largest country by area, the second-most populous country with over 1.2 billion people. It shares land borders with Pakistan to the west, China, Nepal and Bhutan to the north-east, and Burma and Bangladesh to the east.

 

The Indian economy is the world`s tenth-largest by nominal GDP and third-largest by purchasing power parity (PPP). Following market-based economic reforms in 1991, India became one of the fastes-growing major economies; it is considered a newly industrialised country.

 

India continue to face the challenges of poverty, corruption, malnutrition, inadequate public healthcare and terrorism. It has the third-largest standing army in the world and ranks eight in military expenditure among nations.

 

Jawaharlal Nehru became India`s first prime minister in 1947. Mahatma Gandhi led the independence movement. Economic liberalisation, which was begun in the 1990`s has created a large urban middle class, which transformed India into one of the world`s fastet-growing economies.

 

This is the longest election in the country`s history. The Indian general election of 2014 was held to constitute the 16th Lok Sabha in nine phases, from 7 April to 12 May 2014. The electoral population in 2014 election was 814,5 million and this is the largest election in the world ever.

 

Parties were expected to spend US$5 billion in the election, and this is three times the amount spent in the previous election in 2009, and is the world`s second highest after the US$7 billion spent on the 2012 presidental election.

 

Modi fought an impressive campaign, focused mostly on the right issues. He successfully cast the election as a referendum on who could better deliver jobs, government services and economic growth: himself or Rahul Gandhi, the ruling Congress party`s heir apparent.

 

Modi is not the first candidate to cruise to victory on hope and hype. He will probably not be the first to see disappointment set in fast. Investors expecting miracles are in for a letdown, because India`s political system is bound to intervene.

 

Modi should move to phase out petroleum subsidies. He should give states and local governments much greater flexibility in regulating labor markets, land and sales. Economic competition among the states should be more in focus because this is the best way to push the national economy forward.

 

I personally see India as an attractive investment destination, and this country has overtaken China as an investment opportunity. Great Indian sectors are automotive, technology and consumer products. India is playing a big role in the gold market.

 

Reports today:

 

08:30 a.m EST Building Permits

08:30 a.m EST Housing Starts

09:55 a.m EST Prelim UoM Consumer Sentiment

09:55 a.m EST Prelim UoM Inflation Expectations

 

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.

 

Leave a comment

Filed under Emerging markets