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The cost of living and the blame game

People are angry, and that’s why they voted for Mamdani as the next Mayor of New York.
People are sick and tired of struggling to make ends meet. In his victory speech, Mamdani said:

“We choose hope over tyranny. Hope over big money and small ideas. Hope over despair. Tonight, we have stepped out from the old into the new.”

His supporters are already marching in the streets, saying they don’t want Trump as a king or a dictator.

Hmm… I think I’ve heard this before.

More than two thousand years ago, in Rome, another man was accused of wanting to be king.
His name was Julius Caesar.

A group of Roman senators assassinated Caesar out of fear that his growing power and titles, especially dictator for life, would destroy the Roman Republic.
They claimed they were saving democracy, but their actions plunged Rome into chaos and civil war.

It was a betrayal that changed history, and a reminder of how fear, power, and instability often go hand in hand.

History Repeats Itself

Fast forward to France, 1848. The people were exhausted. Food prices were soaring, unemployment was rising, and inequality had reached unbearable levels.
King Louis Philippe I, once known as the Citizen King, had promised a fairer, more modern France. But over time, his government became detached from ordinary people’s struggles.

One of the main sources of anger was the tax system. The poor and working class bore a heavy burden through indirect taxes on essentials like food, salt, and fuel, while wealthy landowners and property owners paid relatively little. Voting rights were also tied to property ownership, meaning most citizens had no political voice. When food prices spiked in the late 1840s, ordinary people were paying high taxes on top of already expensive necessities. Economic frustration reached a tipping point.

People in New York voted for Mamdani, who wants to raise taxes and, at the same time, give people fast and free buses. How is that going to be?

When protests erupted in February 1848, the king tried to silence them. Instead, the anger exploded.
Barricades filled the streets of Paris, and after just a few bloody days, Louis Philippe abdicated the throne and fled to England in disguise.

The monarchy collapsed. The Second Republic was born.
But what came next? A new leader. Louis-Napoleon Bonaparte, nephew of Napoleon I, rose to power, promising to restore stability and hope. Within four years, he declared himself Emperor.

Sound familiar?

It’s the same old story: people rise up against a system they believe is unjust, only to end up under a new one that looks strangely similar.
Each era has its slogans: “liberty,” “hope,” “change,” “the people’s revolution”, yet the same problems remain. Prices go up. Ordinary citizens struggle. The rich adapt and survive.

Take a look at France today with its Yellow Vest protesters. People are struggling with their cost of living. I wrote an article about that for the first time, many years ago. And who is to blame now? The King? Napoleon? No, it`s Macron.

So, Why Are Prices Rising Again?

The cost of living has become the defining issue of our time. Food, housing, and energy prices are rising faster than wages. Families feel squeezed, not just in New York or Paris, but across the Western world.

But who is to blame?

It’s tempting to point the finger at politicians, corporations, or billionaires. Yet the truth is more complex. The problem isn’t one person. It’s the system itself.

A mix of factors drives today’s inflation:

  • Global supply chain disruptions from the pandemic and wars.
  • Energy shocks as the world shifts away from fossil fuels.
  • Corporate pricing power in markets where competition has shrunk.
  • Decades of easy money and debt have inflated asset prices but left wages behind.

Governments print money to stimulate the economy, corporations raise prices to protect profits, and central banks hike interest rates to cool inflation, all while ordinary people pay the price.

It’s a cycle that keeps repeating, no matter the century. In ancient Rome, it was grain shortages. In 1848, in France, it was bread and taxes. Today, it’s rent and electricity.

The Real Lesson

Historically, when people struggle, they often look for someone to blame, such as a king, a tyrant, or a president. Get rid of Trump, and everything will be fine. Get rid of Macron, and the sun will shine. They think removing the person will fix the system. But as history shows us, that rarely works.

Trump isn’t the cause of America’s problems. He’s a symptom of them.
Just as Caesar wasn’t the reason Rome was collapsing, but rather the outcome of deep divisions and economic inequality that had built up for years.

When the cost of living becomes unbearable, people revolt. Sometimes at the ballot box, sometimes in the streets.

But unless we learn from history, each “revolution” just sets the stage for the next crisis.

In the end, it’s not about kings or dictators. It’s about systems.
And if we don’t fix the system, the anger, fear, and struggle will continue. Just as it has for more than 2,000 years.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee the accuracy of this information. 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. Shinybull.com 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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Norway: A Wealthy Nation, But Are Its People Happy?

Norway is one of the richest countries in the world. By traditional measures, one might expect Norwegian citizens to be among the happiest people on Earth. However, if happiness were solely tied to wealth, Norway presents a paradox. Despite its prosperity, the country faces rising mental health issues, loneliness, and dissatisfaction among its people.

Wealth and Well-Being: A Growing Disconnect

The World Happiness Report (WHR), released annually, ranks countries based on factors such as social support, life expectancy, freedom, corruption levels, and generosity. While Norway often ranks high, recent trends reveal an alarming rise in loneliness, particularly among young adults. Despite economic stability, emotional well-being appears to be deteriorating.

The statistics are concerning. In 2023, Norway recorded 693 suicides, with men disproportionately affected. This equates to a rate of 14.1 per 100,000 people. These figures raise critical questions: Why is a nation so wealthy experiencing such emotional distress? And why does prosperity not translate into greater happiness?

Norway’s Oil Wealth: A Double-Edged Sword?

Norway manages the largest sovereign wealth fund in the world, fueled by its vast oil and gas reserves. In 2024, the fund reported a record-breaking $222 billion in profit, contributing to about 10% of the country’s GDP. Yet, this financial success has not resulted in a happier population.

One theory suggests that Norway’s highly structured welfare state and rigid societal expectations may, paradoxically, contribute to dissatisfaction. While economic security provides stability, it can also foster a sense of isolation, lack of purpose, and disengagement from community life. A country where everything is provided can, ironically, leave people feeling like they lack a deeper sense of meaning.

A Historical Perspective: The Emigration Paradox

This is not the first time Norwegians have sought to escape their homeland. In the late 1800s, one-third of Norway’s population emigrated, primarily to the United States. While economic hardship played a role, Norway’s standard of living was actually comparable to other European nations at the time. So why did so many leave?

For some, the motivation wasn’t purely financial. In 1825, the first group of Norwegian Quakers, led by Cleng Peerson, emigrated to escape religious restrictions under the Konventikkelplakaten, which prohibited them from gathering as a religious community.

Similarly, the followers of Marcus Thrane, an early advocate for democracy and labor rights, fled after Thrane was imprisoned for his political activism. This historical pattern suggests that when people feel constrained—whether economically, politically, or socially—they seek opportunities elsewhere.

The Billionaire Exodus: A Warning Sign?

Today, history is repeating itself—this time with Norway’s wealthiest individuals. Hundreds of billionaires are fleeing the country, many relocating to Switzerland to escape extreme taxation. Some face tax rates as high as 95%, leaving them little choice but to leave.

This is not a new phenomenon. Norway’s richest man, John Fredriksen, left the country for Cyprus long ago after what he described as harsh treatment by the government. Now, more of Norway’s wealthiest citizens are following suit, taking their businesses, investments, and economic influence with them.

What Happens When the Rich Leave?

The departure of billionaires and large businesses has serious consequences for ordinary people. When major employers leave, they take jobs and investments with them. With fewer high-net-worth individuals investing in Norway, economic opportunities shrink. If this trend continues, the country could face:

  • Increased unemployment due to reduced private-sector investment.
  • Lower tax revenues, putting pressure on the welfare state.
  • Slower economic growth, making it harder to maintain current levels of public spending.

Although Norway’s government boasts an enormous wealth fund, long-term economic stability depends on private sector growth—not just state-controlled wealth. If too many businesses and entrepreneurs leave, the ripple effects could be devastating for ordinary citizens.

Robert De Niro on Democracy: A Thought-Provoking Perspective

This discussion ties into a broader reflection on society and governance. Actor Robert De Niro recently urged people to move beyond viewing democracy as an abstract ideal. Instead, he emphasized the importance of core values:

  • Humanity
  • Kindness
  • Global safety
  • Security for our families

His message serves as a reminder that well-being is not dictated by politics or economic models alone—it is defined by how people treat each other. Societies thrive when they are built on meaningful human connection, shared values, and a collective sense of purpose.

Final Thoughts: More Than Just Money

Norway’s rising loneliness and mental health struggles suggest that economic success alone is not enough. The key to well-being lies in fostering community, purpose, and personal freedom. History has shown that when these elements are missing, people look for a way out—whether through emigration, disengagement, or despair.

Ultimately, the lesson is clear: happiness is about people, not profit. And if Norway wants to maintain its standing as one of the world’s leading nations, it must prioritize not just financial wealth, but the emotional and social well-being of its citizens.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com 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. Shinybull.com 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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PM Liz Truss cannot change the UK`s low growth and resigned after 44 days in office

PM Liz Truss came in as a new leader in the UK and said she will always act in the national interest. “Growing the economy remains our mission, ensuring people can get good jobs, new businesses can flourish and families can afford an even better life,” she tweeted a few days ago.

Liz Truss and the Conservative Party stand for low taxes, free markets, deregulation, privatization, and reduced government spending and government debt. Social conservatives see traditional social values, often rooted in familial, and religion.

PM Liz Truss cannot do what she was planning to do, and therefore she and her party had a U-turn and walked away from their agenda. Instead, we see the opposite of what she stands for, but now under Jeremy Hunt.

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The opposite isn`t funny at all. Just ask people in Greece, and we know what they have gone thru. Austerity seems to be the next step in the UK. It also happened under PM David Cameron in 2009.

The term «age of austerity», which had previously been used to describe the years immediately following World War II, was popularised by Conservative Pary leader David Cameron.

High inflation, high taxation, and the removal of temporary COVID-era support measures culminated in a cost-of-living crisis late last year. Policies during late 2021 were referred to as the second era of austerity by some commentators.

The second austerity period took place during the premierships of Boris Johnson and Liz Truss, and the austerity program included reductions in welfare spending, the cancellation of school building programs, reductions in local government funding, and an increase in VAT.

Spending on the police, courts, and prisons was also reduced. A number of quangos were abolished, merged, or reduced as a result of the 2010 UK quango reforms.

Researchers have linked budget cuts and sanctions against benefit claimants to the increasing use of food banks. The use of food banks almost doubled between 2013 and 2017.

The UK`s government austerity program is a fiscal policy adopted in the early 21st century following the Great Recession. It started last year when the cost of the living crisis started.

The government claimed that it was a deficit reduction program consisting of sustained reductions in public spending and tax rises, intended to reduce the government budget deficit and the role of the welfare state in the UK.

Some observers accept this claim, but scholars have suggested that in fact its primary, largely unstated, aim, like most austerity policies, was to restore the rate of profit.

The Conservative government claimed that the National Health Service and education have been “ringfenced” and protected from direct spending cuts, but between 2010 and 2019 more than £30 billion in spending reductions have been made to welfare payments, housing subsidies, and social services.

The effects of United Kingdom austerity policies have proved controversial and the policies have received criticism from a variety of politicians and economists. Anti-austerity movements have been formed among citizens more generally.

This makes it very difficult for Liz Truss to continue as PM, and therefore, she resigned today.

In her speech today, she said that she was elected to change the UK`s low growth. Her vision was low taxes to make a high-growth economy take advantage of the freedoms of Brexit. But, she cannot deliver the mandate on which she was elected by the Conservative Party.

There will be a leadership election next week. This will ensure that they will remain on the path to deliver the fiscal plans, and maintain the UK`s stable economy, and national security. Liz Truss will remain as PM until a successor has been chosen.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com 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. Shinybull.com 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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It will be a deeper UK recession after the tax U-turn

Boris Johnson is out because he went too much on the left side. PM Liz Truss came in, but she`s also in trouble because Jeremy Hunt didn`t like her tax cuts. Farage believes he`s a globalist asset. Hunt is reversing most of PM`s flagship «mini-budget» tax cuts.

Jeremy Hunt was beaten by Boris Johnson in 2019. Hunt is also the man who was knocked out in the first round of the leadership contest this year. According to Farage, Hunt is not just a Chancellor. He`s running the country. He believes it`s a globalist coup.

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Joe Biden like this a lot. He`s so delighted. The IMF, OECD, BOE, the treasury, and the Chancellor of Germany are all over the moon. They all want a bigger state, with more significant taxes, and that was the sin of what was proposed by Kwaseng. He wanted people to keep more of their own money, and perhaps in time reduce the size of the state.

The conservative party stands for lower taxes. Like the conservative party in the United States. It`s their main goal. Their agenda. Furthermore, they stand for individual freedom, limited government, peace through strength, and free markets to name a few.

This is a historic moment. I have never seen something like this before. What a mess. Political chaos. The United Kingdom is in trouble. Economically, but also socially. It will take some time to get out of this mess.

Hunt wants people to pay more taxes because he wants a bigger government. He wants small businesses to pay more tax, and they have declared war on the self-employed, according to Farage. Taxes on small companies will rise significantly. In addition, there will be a major rise in corporation taxes and dividend taxes.

Wall Street bank, Goldman Sachs came out with a note on Sunday, and they see a deeper UK recession after the tax U-turn.

Goldman Sachs downgraded Britain`s outlook, and revised its 2023 economic output forecast to a 1% contraction from an earlier forecast for a 0,4% output drop, with core inflation seen at 3,1% at the end of 2023, down from 3,3% previously.

«Folding in weaker growth momentum, significantly tighter financial conditions, and the higher corporation tax from next April, we downgrade our UK growth outlook further and now expect a more significantly recession,» Goldman analysts led by Sven Jari Stehn said in a note dated Sunday.

«The persistence of core inflation and the continued tightness in the labor market suggests that the BoE still needs to take more monetary policy into significantly contractionary territory,» Goldman analysts wrote.

«That said, following PM Truss`s policy reversal we think there is less pressure for the BoE to act aggressively in the coming meetings,» they added.

Experts believe Liz Truss will be out as Prime Minister within weeks. So, this is how a democracy is working? Who voted for Hunt with his left-wing policy?

The statement that was made by Hunt earlier today is just in line with the leftist Labor party. It seems like the Tory party is dead. So, what`s the point of a conservative right-wing party at all?

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com 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. Shinybull.com 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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Financial dissatisfaction hits a 50-year high in the United States of America

President Joe Biden tweeted this on Monday: «At the time I took office about 16 months ago, the economy had stalled and COVID was out of control. Today, thanks to the economic plan and the vaccination plan that my Administration put into action, America has achieved the most robust recovery in modern history.»

At the same time, we see that 83% of Americans describe the state of the economy as poor or not so good, according to a poll by Wall Street Journal. Biden`s poll numbers are also below those of Donald Trump. Not only that.

Another poll shows that 35% of Americans are not satisfied with their financial situation, which is the worst result in 50 years.

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Biden often said that Trump was the worst president in history and an existential threat to the nation`s democracy. I wonder what he is saying about himself right now? It must be a bitter pill for an anti-Trump politician like Biden to be outclassed by the 45th president.

On April 2, Biden`s approval rating was 40% while Trump`s was at 50% the same day in 2018. Instead of gaslighting voters, Biden should clean up the messes and fix the inflation asap.

Trump`s vision was lower taxes, but president Joe Biden turned that upside down. People are paying more tax under Biden, than under Trump. On top of that, people must pay more money for their products, which is a hidden tax and makes people`s money less valuable.

Higher gas prices are good for oil companies but very bad for people and the economy. In the long run, it could kill the economy, and today, gas prices in the U.S hit a new record high of $4,91 a gallon (average price). In California, the price is $6,37 a gallon. People don`t like it, but Biden says everything is fine.

Something must be wrong here because there is a huge disconnect between president Biden and the people. And that isn`t good for the democrats at all. If this continues, GOP can win big in the mid-term election in November.

Another poll shows that the GOP is in the best midterm position in 80 years (2 pts lead), according to CNN.

Not even Liberal Media is ignoring Biden`s crisis anymore. They are also lukewarm on his potential second term.

Earlier today, Biden tweeted this: «The fact is America is in a stronger economic position today than just about any other country in the world. Independent experts have even projected that the U.S economy could grow faster than China`s economy this year. That hasn`t happened since 1976».

People`s lives are worse under Biden than under Trump. But people voted for Biden. They asked for it. They got what they asked for. Higher taxes, and inflation. President Joe Biden is the most popular president in U.S history. He got more votes than Obama and Clinton.

On the day he was inaugurated, Biden said; «Today, we celebrate the triumph not of a candidate, but of cause, the cause of democracy. The will of the people has been heard and the will of the people has been heeded.»

The love for Joe Biden was huge in the Hate Trump Media, on the day Biden was inaugurated. «The reason Biden has to do this is that he`s just so incredibly popular,» Don Lemon said on CNN at that time. «The lights from Lincoln Memorial were like Joe Biden`s arms stretching out to all American,» CNN said.

Axios said at that time in January 2021, Biden is charting an economic policy that was visible to the left of Bill Clinton and Barrack Obama. Biden proposed a $1,9 trillion economic stimulus plan and a $15 minimum wage at that time, and employers, employees, and economists warned it will kill millions of jobs.

We are living in times with a lot of challenges, and more trouble is on the way. Famine is probably the most serious one. Chairman and Chief Executive of JPMorgan Chase & Co, Jamie Dimon, said a few days ago that we all must brace for U.S economic «hurricane» due to inflation. Earlier he said storm clouds looming over the U.S economy, but he has changed the rhetoric.

Right now, it`s kind of sunny, and things are doing fine, but the hurricane is right out there down the road coming our way, Dimon said. We just don`t know if it`s a minor one or Superstorm Sandy, he added.

The Fed is under pressure with inflation that is more than three times its 2% target, and that has caused a jump in the cost of living for Americans. It faces the difficult task of dampening demand enough to curb inflation while not causing a recession.

Dimon urged the Fed to take forceful measures to avoid tipping the world`s biggest economy into a recession.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com 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. Shinybull.com 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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