He came (from behind); he saw; he won. Francois Fillon will be the candidate of the French Right in the 2017 presidential elections, and he stands a very good chance of winning, in the second round, against Front National (FN) leader Marine Le Pen.
Fillon is an ultra-traditionalist, family values, “Christian roots of France” kind of guy. In American terms, he would be a “French nationalist” – without the derogatory subtexts. His mantra revolves around the historic strength of French national identity (from Jeanne D’Arc to Voltaire), the basis of national sovereignty, which should be re-emphasized again and again.
Add to the agenda a very hard tack on immigration and on a vague, indistinct “Islam” that’s not conceptualized, as stressing the stark difference between Islam as a religion of peace and Salafi-jihadism as an offshoot of Wahhabism. The French establishment simply cannot afford to antagonize influential client-states/investors such as Saudi Arabia and Qatar. The most specific Fillon gets is that “the Islamic religion accept what all the others have accepted in the past… that radicalism and provocation have no place here.”
Just last week we were amazed to report that the Venezuela currency, the Bolivar, had crashed below 2,000 for the first time ever, losing 50% of its value in just two months as the Venezuela hyperinflation had entered its terminal phase.
As of this morning, the DolarToday.com website, maintained by a person the WSJ dubbed “Public Enemy No. 1 of Venezuela’s revolutionary government, Gustavo Díaz, a Home Depot Inc. employee in central Alabama” reports that having crossed the psychological 2,000 level just one week ago, the Bolivar has just plunged to a new all time low of 3,480.22 on the black market, dropping by 15% from its latest print of 2,972 reported on Friday of last week, and has lost 60% in its value just in the past month.
So for anyone still curious what hyperinflation in real time looks like, here is the visual answer.
Let’s apply the Ronald Reagan administration as a frame of reference to examine and compare president-elect Trump. Doing so we can see what expectations might be for the economy going forward.
Ronald Reagan came in, in 1980, and he got a lot of the Trump treatment seen today. He was considered a buffoon, a dope. What did he know? He was a Hollywood guy, how could he be President? Many said that he was unstable. That he was going to start pushing the nuclear button and start World War III. A lot of the things you’ve heard about Trump are exactly what they said about Reagan at the time.
He entered office with a team of advisors and did a lot of things right. He wasn’t alone. He had a lot of help from Paul Volcker, who was at the Fed at the time. It was Reagan and the Fed working together, in sync to turn the US economy around. As soon as Reagan came into office though, the US sunk in a really bad recession, one of the worst since World War II.
A haunting Tweet from the late journalist Andrew Breitbart has reemerged, which has renewed interest in his mysterious death amid ongoing speculation spurred by the leaked emails of DC insider John Podesta.
Breitbart died mysteriously in the early hours of March 1, 2012 – just hours before his planned release of footage of Barack Obama that he assured would heavily damage the sitting president’s chances of reelection.
Did you know that Great Britain is going down the drain because the citizens want to remain British?
Did you know that the British are inherently racist, jingoistic, bigots, and obnoxious because they don’t want to become Pakistanis, Syrians, Africans or some multicultural combination?
Did you know that the British people voted to leave the European Union not because they oppose their loss of sovereignty to a foreign and unelected power in Brussels, but because of their hatred and contempt of foreigners, especially the dark-skinned ones that the EU forces them to accept in unlimited numbers?
If you don’t know this, you are not stupid like Brian Cloughley, who lays it out for you in the website strategic-culture.org. Here is the URL for Cloughley’s imbecillic article: http://www.strategic-culture.org/news/2016/11/21/britain-going-down-drain-racism-bigotry-growing.html
The imbalance in the London paper metals markets, where unbacked paper contract claims for metal are traded as a substitute for physical metal thus containing precious metals prices, first drew our attention to palladium in 2014 and more recently in March 2015 as the global physical palladium market supply deficit became more pronounced.
There had previously been a crisis in London’s platinum and palladium market in 1997 that had driven the short-term palladium lease rate to 300% p.a. The London paper metals market was saved in 1997 by Russia providing from its estimated 20M to 25M palladium stockpiles at that time and over the next 17 years to fill the gap between mined and recycled palladium supply and the total global annual demand for palladium.
Antidepressants are supposed to ease symptoms of depression, but yet another study shows the drugs may actually increase suicidal feelings in users. According to Danish researchers, the new study wrecks “potentially lethal misconceptions” about the safety of antidepressants. 
Researchers estimate that 8% to 10% of Americans take an antidepressant. Adults in the U.S. consumed 4 times more of the drugs in the late 2000’s than they did in the early 1990’s. 
Are more people depressed now than they were 20 years ago? Probably, yes. But that doesn’t necessarily account for the rise in antidepressant use.
The Italian banking system looks vulnerable to collapse whether the referendum is passed in Italy or not. Were the referendum passed, it may allow senior Italian and international bankers to further ‘kick the can down the road’ and delay the inevitable.
Financial and economic contagion in the EU is the likely outcome of the financial and political mess that both Italy and other EU states find themselves in. The question is increasingly not if, but when.
Bail-ins are “now the rule” and depositors need to begin preparing by diversifying and not have all their ‘saving eggs’ in the ‘bankers basket’.