Humanity is facing its greatest crisis, ever. Clearly the situation of the biosphere is the most dangerous in 65 million years. And what do we do? We put in charge of everything individuals such as Mr. Hollande, an obvious half-wit with a vicious sense of contradiction (his ex-mistress revealed that “socialist” Hollande calls the poor “Sans-Dents”: “No-Teeth”).
Krugman wrote in the “Fall Of France”: “At this point, Europe is doing worse than it did at a comparable stage of the Great Depression. And even more bad news may lie ahead, as Europe shows every sign of sliding into a Japanese-style deflationary trap.” That has long been clear, as I pointed out in GREATER DEPRESSION, more than three years ago.
Krugman: “[Hollande] was elected on a promise to turn away from the austerity policies… Since the intellectual justification for these policies was weak and would soon collapse, he could have led a bloc of nations demanding a change of course. But it was not to be. Once in office, Mr. Hollande promptly folded…
Let it not be said, however, that he is entirely spineless. Earlier this week, he took decisive action… Mr. Hollande’s force was focused on purging members of his government daring to question his subservience… you need to understand two things. First, Europe, as a whole, is in deep trouble. Second, however, within that overall pattern of disaster, France’s performance is much better than you would guess from news reports. France isn’t Greece; it isn’t even Italy. But it is letting itself be bullied as if it were a basket case…”
(Actually French employment rate in the prime slice from 25 to 55 years of age is better than the USA’s!)
Hollande nominated an entire team of half-wits to lead France; several of whom apparently hoped that, being at the top of the state would put them above any suspicion, and allow them to engage in massive tax evasion.
The latest of these low lives was Trade Secretary only nine days before it came to light he did not declare his income for years. Not to worry: he is back to Member of Parliament again, where he will be presumably able to make discourses attacking those in the Middle Class who complain about confiscatory taxes, as he used to.
Hollande’s fate is reminiscent of Obama’s. Here are two presidents elected to enact real change profiting We The People. Yet, they soon surrounded themselves with people from the other side, the side of very high finance. Then they surrender to the reality they had themselves created.
In both cases, it has been a triumph of the bankers. In both cases individuals who worked in, and for banks, became pillars of the administrations. And not just any banks. The major banks, those entrusted by society to create massive credit, that is money, to support the economy.
Instead those giant banks spend all their muscles engaging of a casino of their own making, in which they make money off each other and a secretive universe of hedge funds and so called “Dark Pools” (more than half the world’s money).
Hollande just nominated Mr. Macron, 36 year old, Economy Minister. Macron is a graduate of ENA who worked as a Finance Inspector, before being employed by the Rothschild Bank for four years. Presumably Macron was using his know-how of the Finance Inspectorate to tell Rothschild how to avoid taxes and prosper. Macron made a huge fortune.
Rothschild had already pulled this trick over a twenty year period in the 1960s and 1970s, when another of its equally ignorant creatures, Pompidou, came to lead France as PM and then President.
The Daily Beast, in a burp of propaganda: …”[Macron] got rich on his wits. He is, by all accounts, brilliant; a dashing, urbane go-getter who exudes charm. A sharp intellectual. A prodigy. He is even a prize-winning classical pianist. The guy’s a winner… Nicknamed “the Mozart of Finance,” Macron spent short but extremely lucrative years as an investment banker at Rothschild Group. His key role in shepherding Nestlé’s $12-billion purchase of Pfizer’s infant-nutrition unit is said to have set Macron up financially for years to come.… ”
Key role? Let me laugh. One of the main reason for acquisitions right and left is so-called inversion, in other words, tax evasion. Sharp wits? No doubt it’s smart to be a crook, when being a creep puts the world at one’s feet.
This all begs the question: how extensive is corruption in the democracies? When all the leaders are bankrolled so extensively by the most powerful, most perverse financial system ever created, is it surprising that the leaders’ decisions favor private banking?
And how come that banks, those daily beasts, have acquired that much power?
Lest Americans congratulate themselves about such things not happening in the USA, let them know that what is going on in the USA is even worse. In the USA many of the tax avoidance schemes which are unlawful in France, are perfectly legal.
In all and any cases, the conclusion is the same: the definition of plutocrats is that they do not pay taxes.
This is exactly what happened with the Ancient Regime aristocracy. Now top public servants (that is top politicians) are on the take from said plutocrats.
What remedy is there? Why not try democracy? Real democracy, not the representative oligarchy we have, which insults us by calling itself democracy.
Direct democracy works in Switzerland (where banks have been reined in better than anywhere else, contrarily to repute). It could be tried in other countries. It is too bad that a call to direct democracy has not been made the main axis of the Scottish Independence referendum.
But it is not too late for more local entities to shake the slavery to extreme finance.
A last hilarious note about Macron. When “Macron” was named finance dictator of France, I could not believe it. Macro, in French “Macron”, was one of Tiberius sidekicks. Macron, a Roman prodigy similar to the French Macron, organized emperor Tiberius’ passing, and nominated Caligula. According to Tacitus and Suetonius, Tiberius was in no hurry to depart this world, and Macron, in the end, smothered the old Princeps below blankets and pillows.
But do not expect any of the French intelligentsia to react to this amusing historical connection: France used to be a place of high esprit and culture, but now it’s fading fast (with the USA) in the PISA OCDE classification of 65 countries. (Latest results: PISA 2012.)
In both the case of France and the USA, it was found that the elites themselves (the top fifth) are sinking fast in their ability to hold a rational discourse in math, science and reading. The differences are not small: Chinese students were found to be three years ahead of their somewhat lamentable Franco-American colleagues.
Moral, and then mental degeneracy has proven a strong force, throughout history. The Greco-Roman empire went down that way. So did the Jin and Song dynasties, let alone the Baghdad Caliphate.
So long live the prodigiously immoral Macron, fit for a brainless age, Caligula should be around the corner.