Tag Archives: Thomas Jefferson

Covington teen Nick Sandman will sue CNN and WAPO for more than $250 million this week

Covington teen Nick Sandman`s lawyer will sue Washington Post and CNN for more $250 million. The video was a Native American activist met Sandman with a MAGA hat went viral on social media. So did it in Mainstream Media (MSM).

Some people said in social media that they wanted to kill Sandman, and MSM wrongly reported that Sandman was a racist. The fact is that Sandman didnt do anything wrong. On top of that; MSM didnt say sorry. They were silent about their failure. What a shame.

Fox News is the number one channel because people trust them. CNN are ranked number 7 and their popularity is declining. But the distrust of MSM is not something new. Lies and deceit has been going on for hundreds of years.

“The man who reads nothing at all is better educated than the man who reads nothing but newspapers,” Thomas Jefferson said more than 200 years ago. He was the third president of the United States from 1801 to 1809.

Fortunately, things are about to change, and that is thanks to internet and social media which is making it more transparent. It`s difficult for the MSM to make any twists in the internet era and they have also become a unnecessary third part as for example the U.S President can have direct contact with his followers on Twitter.

Medias monopol is declining and some blogs are now more mainstream than others. It is also alarming when the majority of the people is searching at the alternative media. MSM should therefore learn from its mistakes, but they dont. This is why the lawsuit is a good thing.

Sandman had a MAGA hat on and as you may know, the owner of WAPO is Jeff Bezos, and he doesn`t like the president. But CNN was more vicious than WAPO and their evil behaviour says a lot of whats going on between their ears.

MSM`s rush to judgment is disgraceful.

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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Some banks are trading at record low

«Money makes the world go around», and most of the money in this world is in the banks. Simply because it is their product. They sell money like hot dogs on the corner. How hot are bank stocks at the moment?

Bank stocks have plummeted so far in 2016. Some of them are trading at 25 – 30 percent of their book value. A brutal start of the year for the banks, and the question is when is the time to jump in again?

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Stoxx 600 Banks Index is down nearly 30% and tells us that the market is oversold. Normally it`s oversold at 30, but now it is below 20. It is the lowest ever! The valuation of the European stocks is 13 times estimated earnings, which is down from its peak at 17.

Many investors obviously jumped in today and lifted the European stock market. A rebound in bank stocks lifted the marked up from its lowest level since 2013, and Deutsche Bank AG announced earlier today that they will buy back about $5,4 billion in bonds.

Deutsche Bank AG is up over11% on the news on friday. Credit Suisse is up over 6%. Many bank stocks are up on friday. Not only in Europe. JPMorgan Chase & Co, which is nearly ten times larger than Deutsche Bank AG is also up about 8% on friday (12:30 pm New York).

Many of the bank stocks did never rebound from the peak in 2007, and many of them are trading at record low levels. How easy is it for the banks to do business with low rates and low oil prices in the middle of a currency war?

Fed Chair Janet Yellen said in the testimony this week that the turmoil in the financial markets are threatening the stability and bank stocks are contributing. Thomas Jefferson said in 1816; «I sincerely belive…. that banking establishments are more dangerous than standing armies.»

That`s 200 years ago!

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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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