One of the most important moments in American economic history. Nixon killed the last vestige of sound money in America. Within a decade the USA was heavily financialized.
Upon seeing this story I immediately thought of President Clinton’s very expensive haircut on Air Force 1 which held up air traffic many years ago.
Look, the French President needs to look sharp. He lives in Paris, one of the great capitals of fashion. He can’t be seen with a $5000/month hairdo.
She is from France.
We in the West made it through the whole Cold War without tossing aside our freedoms for the most part. In the face of nuclear annihilation we remained relatively free. Indeed it was these freedoms which helped us define ourselves relative to our totalitarian communist rivals. Our freedoms were what made us, us.
But this sentiment, this general reverence for freedom, has been on the wane since September 11th 2001. The attacks in France seem to have spurred an even greater move toward a soft totalitarianism in the West.
If you want to keep money at Alternative Bank Schweiz you are going to have to pay for it. That’s right, keeping your Swiss francs under your mattress will generate a relative yield to the francs held at this bank. This is a knock on effect of the Swiss central bank trying to maintain parity with and independence from (ha) the euro.
I was recently going through the checkout line and I overheard the cashier talking to the bagger. “Man, if I could just get paid for doing nothin’. That’d be sweet.”
I looked right at the cashier who was all of 18 or so and I said that I disagreed. A really sweet job was one which provided a living while one did meaningful and enriching work. Doing nothing is boring.
Both the cashier and the bagger agreed that meaningful work was better than doing nothing.
The last time Europe “unification” was attempted.
Napoleon tried to do it. Hitler tried to do it. Both failed. Europe in the post medieval era has never been fully conquered. Europe has remained multiple states. Given that it is a continent defined by mountain ranges, peninsulas, and islands this makes sense. It is a landmass of cul-de-sacs. It is not a vast plain which is easily overrun. But now the eurocrats (many unelected) are trying to take over Europe via administrative means.
Greece, the sovereign state, is no more. The last desperate effort to fight the banks died and now the Greek people will be crushed under the banker boot.
Did the Greeks make their bed? Yes. Did the banks entice the Greeks into bed? Yes.
The Germans got the beaches and islands they wanted so good news! Klaus and Gretta will still be able to get a sunburn next year while on holiday. Maybe while staying at a nice walled and guarded villa.
(From The Washington Examiner)
For example, one email Clinton kept from the State Department indicates Libyan leaders were “well aware” of which “major oil companies and international banks” supported them during the rebellion, information they would “factor into decisions” about about who would be given access to the country’s rich oil reserves.
The email, which Clinton subsequently scrubbed from her server, indicated Clinton was aware that involvement in the controversial conflict could have a significant financial benefit to firms that were friendly to the Libyan rebels.
Think about how “friendly” Paris is. Then consider how “friendly” Paris taxi drivers are. Then consider how “friendly” said taxi drivers are likely to be to someone they see as taking their job.
Sometimes cronies wear pinstripes and sometimes they drive a Peugeot.
Remember the “march” of political leaders in Paris a couple of days ago. Hollande, Merkle, and the rest marching in solidarity with each other and the people of France against the terrorist attacks at Charlie Hedbo?
This is the image which we all saw.
This is what it looked like from a wider angle however.
Look, it could be way worse.
The French are a strange people. They like their bread. They like their wine. They like their state. But they often don’t like their government.
If President Obama is feeling a bit blue about things these days he should cast his gaze out across the Atlantic to Paris. Obama, as bad as it is is still 3 times more popular than Hollande.
By Rick Ackerman
Europe’s all-too-predictable relapse into recession is gathering force, threatening not only the pipe dream of economic and political unity, but eroding grandiose illusions that have helped prop up the world’s financial house of cards. The unwillingness of France in particular to play by the EU’s — i.e., Germany’s — rules appears to have doomed the EU dream. The idea of a borderless Europe bound by a common currency and a shared desire to forever banish war from the Continent was a lofty one,
So not only is this guy a bumbling executive he might also be a jerk. (Not unusual for heads of state of course.) According to his ex wife (not always the most trustworthy source it must be noted) Hollande in private refers to the poor as the “toothless.”