by Ramin Mazaheri for The Saker Blog
Ten years ago my life was all screwed up by the economic crisis I had nothing to do with.
In August 2008 AFP (Agence France Presse) said that if I learned French they’d give me a job. I moved in with my parents and studied five hours a day seven days a week for five months. By the time I arrived in France in February AFP, along with everyone else, was no longer hiring. The crisis had started in September with the bankruptcy of Lehman Brothers.
So I had wasted all that time and effort. I was in France but sans job – a big problem on multiple levels. I could translate French copy into English adequately but I immediately realised I could not understand anything the French were saying to me, nor could I say hardly anything to them. I was a jobless, isolated, unneeded immigrant with no income and questionable prospects in an overcrowded field now undergoing a second recession (the internet provided the first recession in journalism jobs).
Ten years later, I consider myself lucky: that is hardly the worst story you’ve heard caused by capitalism’s ever-guaranteed, always-exacerbated failures.
What have we learned?
Why are you asking me? Well, I better have something to say because, very fortunately (and rather undeservedly, given the many better journalists here in Paris), for most of the last decade I seem to have been one of the busiest on-the-ground English-language TV reporters in Paris.
Covering the Great Recession from Europe is, I think, far different than covering it from the United States because Europeans often insist that their democracy, economy and mindset is qualitatively different from those in America.
The Great Recession in America was just a case of bad getting worse – dilapidated infrastructure from the Depression or Eisenhower eras remaining dilapidated, widespread drug and alcohol addiction falling deeper into the rabbit hole, near-zero government assistance remaining near-zero, tons of crime devolving into tons of crime now committed by people with tattoos on their faces – i.e., no real change and no real hope for change.
But Europe – ooh la la, they have too much class for tattoos on their faces. They have long-represented the alleged “Third Way”, which gracefully sidestepped American yahoo-ism and (alleged) Soviet totalitarianism, and were recently united in the (alleged) ever-greater fraternity which was the European Union and the Euro.
So what have we learned in 10 years? Last month a former employer of mine reported on the correct price for the best bottle of wine – $558,000.
What on earth is that, besides grounds for a public near-lynching? That is asset inflation of the worst, most socially-useless type. In 2008, that same price got you 27 bottles of wine, which was then the highest price ever paid for a single lot.
This two reports perfectly describe what has been the West’s fiscal policy since the Great Recession began: using taxpayer money to inflate the assets only owned by the rich and the propertied class in order to increase only their wealth. They have spent 10 years re-creating a bubble for upper-class assets – wine is never worth $93,000 a glass any more than a bottle was worth $19,000.
In the same vein, a Leonardo da Vinci painting is not worth the $450 million Mohammad Bin Salman paid for it last year. These massive, heinous, sinful sums are not being forked over because “that is what the market will bear” – they are being paid because the ultra-rich have become ultra-richer in the last 10 years and…you gotta spend your money somewhere.
No, the rich have not let taxpayer trillions burn holes in their pocket: Our money has only re-pumped new bubbles in the primary asset classes of the 1% – luxury goods, real estate, stocks (overvalued companies) and investment funds.
I will get straight to the point: Because our trillions have gone into these wasteful investments, instead of investments which improve overall societal well-being, we are certainly WORSE OFF than ten years ago.
Not all bubbles or debt is the same, despite what German-minded minds will insist. Instead of creating bubbles or debt to do any of a million positive things – improving business efficiency through better infrastructure, inventing cheaper solutions via increased education and research & development, injecting money to circulate into the “real economy” just by giving Joe Schmoe a job to uselessly move a bag of dirt from point A to point B and back again – the lack of socialist central planning has allowed the real economy to be gutted in favor of the economy of the 1%….again.
Of course, there are other bubbles which affect more than just the 1%: Western inflation over the past 10 years has been much more impactful in sapping (my) wages than the upper class realizes, but the US housing market had no reason to have reached 11% above the July 2006 Housing Bubble peak in August 2018.
For those of us who hold no property in real estate or property in corporations (stocks), we are left out in the cold. We still are yoked to debt and can be bankrupted by bubbles, though.
But the bubbles and debt of the 99% are good and even necessary: we need houses to live in, we need our sub-prime auto loans not to lead to repossession, we need our medical bills paid for, we need our elderly care bills paid for because we simply cannot stand how loud Grandpa has the TV any longer. All of this is “good debt” which sends money into the real economy (even if you can’t hold on to it for more than one payday).
The effects of the FIRE economy – Finance, Investment & Real Estate – in the recent history of capitalism has been studied and popularized by American economist Michael Hudson, but we are about to find out AGAIN just how pernicious its influence has been.
The Lost Score: not the stash of swapped prescription medication you have misplaced
Don’t think the Eurozone is lost? The Eurozone’s GDP is 12% lower than in 2008. China’s is up 266% over the same timeframe.
Your problem must be that you believe what you read in the Western Mainstream media: China’s 6.5% growth in the 3rd quarter was “weak” to Reuters, while France’s 3rd quarter growth of just 0.4% was (per my would-be AFP colleagues) a “boost as economy rebounds”. Sure, Frenchy, sure, you’re a real star. Both those articles are from the past fortnight, but it’s the same absurd spin I’ve reported on for nearly 40 economic quarters.
Europe’s Quantitative Easing was scheduled to end September 2017, so back then I wrote a 7-part series which showed how the world’s biggest macro-economy – the Eurozone (but China is about to surpass it – remains the weak link the global economy despite the “whatever it takes” (alleged) solution of European Central Bank President Mario Draghi in 2012. What I did was combine a decade of on-the-street reporting with some basic (leftist) economic sense (FYI, all economic sense is leftist) to write about what will happen when this bubble – the “bailed out by taxpayers” bubble – finally re-bursts.
That is the biggest bubble, and it is about to pop.
Because they no doubt read and agreed with my analysis, the Eurozone’s leaders postponed the end of QE for 1 year. However, come January 1st, no more 30 billion euros in free money to high finance every month – they have been given 2.5 trillion euros in total. Again, we in the Eurozone have gotten zero from all that because the center- and right-wing forms of capitalism do not allow strings to be attached (such as delivering jobs, community betterment, etc.) in return for these fiscal gifts. CEOs, not workers, rule – the Eurozone has never been a socialist republic.
The problem is us:
This policy was not at all wanted by the Eurozone’s population…but this is a liberal democracy: that means public opinion is aggregated once every four or five years, and then the sheep must shut up and take it. That’s why it made no difference when Francois Hollande was elected on an anti-austerity platform: in classic modern liberal democracy form, he simply introduced a divisive, deflecting plan to approve gay marriage on the very same day – November 7, 2012 – that he announced his backtracking acceptance of austerity.
It is only in socialist countries where pubic opinion is actually reflected in policy making – empowering the average citizen is one of the two pillars of socialism (redistribution of wealth being the other) and what do you think “empowering” means? Hint: it is not synonymous with “ignoring”.
The Chinese Communist Party, it has been accurately written, is the world’s biggest public polling firm. There is no doubt that Cuban socialists are reflecting the People’s will when they are counting up their few unblockaded pesos and prioritising education, housing, medicine and food. North Korea is not funding nuclear research because they want to, but because all North Koreans are in agreement that they were the most-attacked, most-threatened, most-surrounded nation in the 2nd-half of the 20th century. You are totally unaware if you think the Iranian Revolution has endured similar violence and menacing by wasting their oil money on policies which the Iranian People cannot immediately and tangibly see have improved their quality of life since 1979: Iran’s economy, essentially 100% state-controlled, reflects the People’s will to a great degree (it is structurally impossible for it to reflect the will of private Iranian CEOs).
However, the West’s beloved liberal democracies do not at all care or reflect popular opinion – liberal democracies are designed to please the bourgeois/aristocratic/top 10%/technocrat/brahmin/genetically-superior/culturally-superior class. We hold these truths to be more self-evident in 2018 than 2008.
But what will happen when QE ends in the Eurozone? My prediction last year was based on capitalist logic: high finance, no longer bought off by free money (and thus less able to pay for $500k wine), will go back to doing what they did at the height of the crisis in Europe – the 2012 Sovereign Debt Crisis – and start squeezing the poorer countries of the Eurozone in the bond market. This time, Italy and Spain will be in their sights. This will soon spark the same chaos and instability as back then.
But worse: as illustrated, the Eurozone is far, far weaker than in 2012. They have spent trillions but bought $500k wine instead of productive, economy-safeguarding, preparing-for-capitalism’s-next-inevitable-rainy-day investments for the 99%. How could anybody possibly see it differently? I guess it’s the same answer to how AFP can see France’s 0.4% Q3 growth as a “boost as economy rebounds”. Keep the faith – success is right around the trickle-down corner, LOL!
You cannot tell me that the bankers have been totally bought off and will be content to roll around in their filth for the next 50 years, because they never are: there is always some young, Martin Shkreli-like, hedge fund-managing punk who wants to make his billions, and he will gladly hold Spain and Italy hostage to do so. Shkreli was not jailed for changing a pill’s price from $13.50 to $750 – that’s totally legal in capitalism – he was jailed because of his big mouth. But his usury and his rapper-like ego is simply how he was raised (in a non-socialist, non-religious Western culture). Nobody can stop him in the capitalist system – there is no central planning, there is total opposition to the idea of a “collective”, and they have even lost that longtime feeling of “positive racism” which formerly lent a sliver of unity to Western imperialist societies (“I can’t ruin my Color tribe and will do some things in their general interest because I hate your Ethnic tribe and fear that Religious tribe could be right.”).
And you can’t say that we are safer now because the criminals of 2008 have been brought to justice: look at the case of Mychal Kendricks, a 27-year old professional American football player convicted of insider trading.
Kendricks is the Black son of a crack addict, so from a socialist perspective his “class label” could not be more perfect – he succeeded despite tremendous obstacles, and he would be listened to with sympathy, targeted for public assistance and given affirmative action policies. He has admitted to insider trading and should be punished, but was the 2008 crisis orchestrated by football players, perhaps in between their concussion protocols and MRIs?
The case illustrates the priority of liberal democratic/bourgeois justice systems: Mychal Kendricks, from the bottom of the socio-economic ladder, faces prison while the 1%ers who gamed the system did much more than escape justice – they were hailed as our only saviours to financial ruin, as too important (big) to fail, and subsequently entrusted with many no-strings-attached trillions.
Corruption must be punished, but Kendricks is not the problem…..
The problem is the lack of socialist central planning, the lack of democratic input (worker empowerment) on public policy, and the lack of prioritising the bottom 90% – the top 10% is prioritised, lauded and excused, instead.
The lack of all those three things created Europe’s Lost Decade of economic growth; created a situation where little-old-me was one of the few journalists to do some basic economic math and to openly say it was a Lost Decade (but which was noticed only by a small group of powerless intelligentsia on the fringe); this lack created today’s reality where things have only gotten worse since 2008, that more crisis is coming, and that the next crisis will necessarily be even worse.
The age of European austerity can be summed up quite simply: creating such a desperate labor market that the 1% was able to roll back Europe’s better-than-average social safety net, regulations, wages and working conditions.
That’s all it was – a wilful economic depression in order to turn the the EU’s work culture (and financial culture) into that of the US. The same process happened during Japan’s Lost Score – the Eurozone is now entering part two of their Lost Score.
These truths are more self-evident in 2018 than 2008. If you haven’t learned that, you obviously remain resolutely pro-capitalism and pro-liberal democracy/West European bourgeois democracy despite ten years of proof in your face.
Socialism has changed much in 10 years – a new generation of leaders in Cuba, the possible reintegration of North Korea into global affairs, a possible rapprochement between Iran and Europe (but not the US), the increasing acceptance of “socialism with Chinese characteristics” as a reproducible and admirable model – but if capitalism has changed at all it is only for the worse.
Ramin Mazaheri is the chief correspondent in Paris for Press TV and has lived in France since 2009. He has been a daily newspaper reporter in the US, and has reported from Iran, Cuba, Egypt, Tunisia, South Korea and elsewhere. His work has appeared in various journals, magazines and websites, as well as on radio and television. He can be reached on Facebook.
Good news in the Iranian-israeli front:
the world’s largest abstract and citation database of peer-reviewed literature, indicates that Israel lost its regional dominance to Iran in terms of scientific research output. Israel dropped from first to fourth place, below Turkey and Saudi Arabia. Iran overtook Israel to rank first in the number of biochemistry, genetics and molecular biology studies. In chemical engineering, Israel dropped from first to fifth place and in chemistry and computer science to fourth place, below Qatar and Iran. It also lost its dominance in economics and business administration. Between 1996 and 2016, Israel dropped from 18th place in the global ranking of scientific productivity to 33rd, far below Iran (16th) and Turkey (17th, up from 27th). Even Saudi Arabia moved up from 42nd to 32nd place.[…]
Iran, with its population of 80 million, had the potential to close the gap with Israel in research quality and not just in the number of studies. Trachtenberg, who served as a Knesset member for the opposition Zionist Camp faction, warned that Iran’s heavy investment in research, especially in physics, engineering, chemistry and aeronautics, is expected to pose a significant threat.
Read more: http://www.al-monitor.com/pulse/originals/2018/10/israel-iran-higher-education-science-students-universtities.html#ixzz5ViMTsovE
Bruno, your post is not off topic because Iran is a socialist country whereas Israel is capitalist, and Ramin’s topic is the superiority of socialism in education as well as economics. I remember in the 1970s discussing with the distinguished communist scientist Guido Pontecorvo (brother of communist Bruno Pontecorvo) who had been invited to Iran as scientific to advisor to the new socialist govt after they had got rid of the capitalist puppet Shah. Pontecorvo told me, ‘They have some good people and plenty of equipment but they lack the class of technicians.’ He advised the Persians to invest in technical high schools; their investment seems to have paid off.
By the way, your link — Al Monitor the pulse of the Middle East — is an AZC site in my opionion. They will probably use that Israeli minister’s speech to “counter this threat” by demanding more “defense” billions from good old Uncle $cam.
Ramin, you are a real star. Like Pogo Possum you have located the enemy and he is us.
Here is an article that looks at how the central bankers will likely further distort the stock market during the next recession:
Central bankers, including the Fed, have only delayed the economy’s day of reckoning, they have not prevented it.
I have enjoyed your comments as they are from quite a different perspective to my own. My observation in response to the ‘capitalist debacle’ that we share is that it is GOVERNMENT and not capitalism that promotes and protects these crony capitalists. We as a species are inherently corruptible and with governments at all levels the power to corrupt is multiplied to infinity; anarchy – completely independent individual responsibility and let the chips fall where they may.
Thanks for your erudite thoughts.
I do love the Libertarian idea that says if we just get rid of government regultation the me and Goldman Sachs can compete against each other on a fair and equal basis.
It might make sense if there was a total redistribution of wealth as we shift from crony-capitalism to libertarian equality, but the notion of redistribution of wealth sends Libertarians and their wealthy backers into shivers and nightmares. Thus, their idea is simply to take the rules away and let me and the Rockefellers compete on a fair and equal basis.
The US government gave Goldman Sachs USD 14 Billion during the banking crisis. If the government had let those banks fail, then we would have had that redistribution you mention. So yes, if we had followed the libertarians we would have been rid those parasites by now…Instead they are still there thanks to the government!
Here is how GS and JP Morgan wrecked Greece and Italy.
These banks are supranational predators, and thanks to government bailouts they have avoided bankruptcy and continue to prey on innocent people!
It was the removal of Glass-Steagall, a law requested by the banks to save them from themselves, that allowed the housing bubble. It was the Commodity Futures Trading Modernization Act which took a useful government agency into the vehicle for speculative destruction that we have today. It was the perversions of the laws which led to abuse. The same with MERS, which took deed registration out of the hands of county government. In this case, sheriffs were asked/forced to enforce deeds which did not exist on their books. This, too, is a perversion of the law, as well as a deprivation of county funds, as deed registrations cost money, which was not paid as the mortgages were sliced, diced, and constantly re-package into Mortgage-Backed-Securities. Additionally, the total lack of criminal prosecution of bankers was a perversion of the law. And it’s obvious why: the banks paid fines instead of admitting criminal activity, because the finding of criminal fraud in the derivatives scams would abrogate (maybe) all derivatives contracts.
Larry, the Glass Steagall regulation would not have made the slightest difference to Greece or any other victim because Goldman Sachs was not a commercial bank but an investment bank. ( Glass Steagall was regulation that separated commercial banking from investment banking and prevented commercial banks from over-speculation).
The banking industry needs much more than regulation, it needs a total overhaul. The libertarians have been saying for years that the fractional reserve system with a central bank is dangerous and unstable and needs to be abolished. Read up on what Austrian school has to say about money and central banks. It’s an eye opener.
Ramin, it’s always a pleasure to read your articles, keep up the good work!
Thanks Ramin, the article is as well researched – as your articles usually are – as it is timely.
However, who else apart from us here, are interested in seeing things for what they really are, instead of what they are told that they are?
Bread and circuses carry the day, as the lobotomized and zombified masses continue to hurtle towards the great abyss with nary a thought.
It’s pretty easy to tell which system is working better: the socialists are telling their people the truth, and the capitalists are lying nearly non-stop.
Good article – there should have been more of it and harder for a long time already…
Regarding ‘Planning’ and the value it has in modern Liberal-Democracies.
No one would argue with you in refering ‘Planning’ as being the fundament of any Enterprise or undertaking of any sort.
There is no Company on the face of the earth running without planning, and absolutly certainly no factory
The same is true for all the Armies of the world.
BUT as soon one refers to a country or nation, then ‘Planning’ is off the table right away – oh, no,no,no !! That’s Communism !
Instead the will of the many together with the invisible hand in a truly magic way, enables that society to function in an oderly fashion, so goes the Story – a big fatty Lie of course !
In reality the absence of ‘Planning’ is not a real habsence, but instead a Hidden, the ‘Planning’ is done very, very FAR off any ‘democratic’ manifestations that may be there on the surface, in order to hide the ‘Planning’ and the Real circle of those who benefit from their ‘Planning’ in the dark.
Got it ? Right ! It’s been and is a Scam throughout, right from the beginnings, all time along. Liberal Democracy and all it’s brothers and sisters and flavours are bogus, a Scam, nothing else !
Where is there actually a “liberal democracy”? I see Liberal Oligarchies, or to call it a Liberal Plutocracy is similar, but I guess that club has a higher iniatiion fee. But, a Liberal Democracy?
The very definition of a ‘democracy’ is that the soveriegn power of the state rests with the People. Mr. Mazaheri rightly points out that this is not at all true in places like France or America where the government plainly does the opposite of what the people want. The interesting thing I’ve learned from Mr. Mazaheri’s writing is that places like China and Iran at least partially take the desires and needs of the people into account in government decisions.
I suppose the modern description of a ‘democracy’ might be any nation being bombed by America.
Well, you are right, but miss the point – that is – that the very conception of ‘Liberal’ democracy at it’s very core is anti-democratic and the notion of ‘free’ enterprise and the ‘State’ being relegated to a mere furnisher for the ‘free’. The ‘free’ furnished by the State with the protection for their ‘free’ enterprises of any kind, whereafter only after a few year a money oligarchy emerges and which by the way of their accumulated wealth and power control the means of the State and relegate the ‘democratic’ part to the theater of elections of puppets of said Oligarchy.
The French Revolution was invented, started and controlled by the wealthy class (which was not the same as the Nobility) to get the full control of the State into their hands, destroying the Monarchy and the Church which had put shackles onto them before and limits onto their ‘enterprises’. The King was popular with the people, it was a technical issue (the empty Treasury) which gave them the opportunity to act. Almost all of them were Freemasons heavily influenced by the likes overseas like George Washington (a high degree Freemason).
It was a scam from the start, a scheme to get control and power, both in the US and in Europe.
As soon any movement puts the words Freedom, Liberty onto their Banners be aware of the scam, because what they will deliver is certainly the opposite. Why ?
Because one cannot build a society based on those premises, because they are void of any meaning politically. Both terms are poles of a duality principle Freedom – Bondage, something which CANNOT be the basis of any democracy because the sovereign body defines those terms for every issue they are of relevance, including the constitution !!
‘Everything is free’ as a political paragraph is meaningless, stupid, idiocy !
Therefore they are totally devoid of any meaning as political parole for a nation. I would start to run fast wherever they surface….
Sad truth here: The US was founded upon slavery (please check out Michael Hoffman’s book: They were slaves, and they were white), and upon genocide of the native peoples. The result is a nation that is as bankrupt as it is addicted to even more genocides, and yet it continues to dig the hole it is trapped in even deeper. Insane? –yes.
Ramin, I am still trying to wrap my brain around the idea of 558 thousand dollars for a bottle of wine! I wonder which vineyard it came from…
Excellent article, and an equally excellent expose of the problems facing the (ever-so-capitalist) West.
Wonder who will “get the blame” when “2008 part 2” unfolds, and I also wonder just how fast the next “global recession” will occur – possibly very quickly indeed (since everyone and everything is so connected nowadays).
Ramin, a question for you. What methods or courses and books did you use to study French for those five months?
Thanks to all who left such nice comments. They really are great to read.
To the Anonymous who wanted to know my French method, I’m happy to pass that on in order to spread true internationalism. Much of this may be not new to you…:
The “language tool belt” is composed of four tools, which can be either sharp or dull. They are all distinct from each other, and must be studied separately. You can be fluent in some, illiterate in others.
The four tools are: reading, writing, speaking and hearing. One has to practice all 4 to truly master a language.
But total mastery may not be a useful or necessary pursuit. I had zero French when I got the job offer, and I had a mandate of passing a test which required me to translate written French into English. Therefore, I focused exclusively on reading.I mostly studied on my own. I had to learn countless flashcards because my biggest need was vocabulary, the foundation of a language – words. I did also get a tutor, as I needed grammar comprehension explained.
That’s why when I arrived in France I found I could not, in real-world time, speak a word of French or understand the French – I had only really practiced the reading tool. And my written tool – and France’s written tool is very, very different from their other forms – is still quite dull.
But after passing the test I had other needs – listening and speaking – so I joined a class, which is how those needs are improved the fastest.
So, I think one needs a tutor or a class depending on what tools they need/want to sharpen. If you know no words…you have to study vocabulary and that’s a solitary pursuit. If you want to use what you know in the real world, that’s a group pursuit.
Know your needs, and your stage of development, and work accordingly, is my advice. Hope it helps.
China and Russia of course.
Don’t you listen to Trump? Its the evil Chinese that are causing all of the economic problems.
After all, it could never be Trump’s cabinet of Billionaires and their banker friends. Trump’s solution will of course to be to give more money to the billionaires and the bankers. After all, we’ll all be doomed if the price of that expensive bottle of wine doesn’t rise above $600k showing what a great and superior capitalist society we really are.
But I thought it was ok to subscribe to the personality cult — magic america great again!
Liberal-capital democratic government! surely the most sublime ever contrived; with our near-approaching epicyclic “day of decision/commitment” looming — but who is fooled by that. After all, they make one day last all year; one can hardly come-up for air before they push us back down into that nasty pigsty. Make it count! And don’t remember, it isn’t how we get there: “it’s the results that count” (and thank the great Coryphaeus himself for leading us to such a bold conclusion).
A young girl starves in Yemen because her family cannot afford food
Visit the page at ATimes to see a photo of a very young starving girl in a plastic bucket
It was stark, after just reading about $500,000 + bottles of wine
Dear Mr. Mazaheri,
What a marvellous brain you have in your head. This was another top read – every nail hit on the head.
Speaking of which, would you mind awfully if a chap was to adopt your title of ‘powerless intellectual’? Just quietly of course. It’s not quite oxymoronic but it’s possessed of a similar charm.
This is not an April article, but when I see: “The problem is the lack of socialist central planning … ” – I must laugh! Do you honestly believe that a larger, intrinsically less responsive nomenklatura to micromanage peoples’ lives is going to make it all better? This doesn’t seem to be happening at an EUSSR scale, so let’s look at France.
I – who have lived in France and am a French (dual) citizen – will offer you another model for what is going on in most Euro-countries and similar to the USSA: a) There is an oligarchy (there is always a controlling oligarchy of banking families). b) They own the banks and the media, and the public politics and politicians are employees of their wholly-owned theatrical companies. c) For years Europe has paid off its populations with glorious benefits to achieve essential political passivation[sic] and this has usually been labelled something like “socialism”; it has the odor of socialist central planning – but it has not encouraged small business or innovation to an adequate degree. d) So – discontent is running high but money is running low – what to do?
Instead of electing the relatively right-authoritarian populist Mme. Le Pen, expensive propaganda in the media persuaded them – incredibly – to select the pseudo-socialist and Rothschild protege Mr. Macaroni – as if he was going to continue life as they had known or wanted it to be.
So now they have a ruthless globalist who is determined to impose austerity on the people to keep the banks and their owners afloat. I think the French and all of Europe feel that they are ready for a lot less central planning of any kind.
relatively right authoritarian populist Mme. Le Pen
You mean the one who called for extermination of 7 % of the french population.
Dont worry she is also a zio puppet. Just like trump epitomizes american arrogance (like all his predecessors) she epitomizes french arrogance (like macron and his predecessors)
I will believe that the french dont have a sick society (a direct result of colonialism) with leaders who reflect their ideals when they stop funding terrorism and murdering civilians and selling arms to bomb kids in yemen syria Afghanistan and palestine. And when they give back the heads of children and north african revolt leaders that they display in their musuems for the past 150 years.
But i guess they have to stop being a zio puppet in first
I will look up the 7% extermination; I know we have the zio-risk. But I consider Mme. Le Pen as a “populist battering ram” (out of NATO & EUSSR, etc.) who does not entail nearly as much major structural risk as embracing a globalist (a higher-order flavor of zionist) Rothschild protege!
Like most of Europe, if there is sickness in French society, I will ascribe much of that to social engineering to make them as tractable as the population of the USA. I frankly doubt most of French society has much input to their foreign policy at this point (absent programmatic screaming by their MSM). This is why – being something like a libertarian – I would like to see fairly intense decentralization – to undo mischief from way back!
But nothing will happen – absent some kind of upheaval – until the French wake up sufficiently to ask fundamental questions about a) who really runs this country? and b) How is is it being done?
Thomas Pynchon’s Proverbs for paranoids: “If they can get you asking the wrong questions they don’t have to worry about the answers!”
“In August 2008 AFP (Agence France Presse) said that if I learned French they’d give me a job”
Lucky you! Working for the propaganda, mind-control, and goy-mocking division of the French wing of Jewish Mafia info-warefare would have broken your neck. Instead you are alive and kicking, and that much wiser. Cheers to you!
I posted the following link in another comment thread, but its content applies here even moreso, https://www.counterpunch.org/2018/11/02/rescuing-the-banks-instead-of-the-economy/ Hudson’s description of how and why the Eurozone was formed is a massive condemnation:
“The Eurozone was designed by rightwing politicians. It was basically a fascist plan, fascist as in the 1930s, fascist as in the Austrian School. Their pretense is, “We don’t want government spending to be inflationary.” That means, “We don’t want government spending to raise wages.” The Eurozone was created as an anti-labor, organization that will not let any member country run budget deficits even if there’s mass unemployment, even if there are underused resources, even if people are losing their homes. It won’t spend money into the economy to help it recover. The Lisbon agreement has written this law into the European constitution.”
The Neoliberal ideology is the #1 threat to humanity closely followed by its evil twin Neocon Imperialism, which together form Neolibealconism and constitute the ideology diving the Outlaw US Empire and its few remaining vassals to their ruin along with their masses–not their elite.
Yes the Eurozone is fascist economics and no, the Eurozone is NOT following Austrian school economics. Austrian school is all about the gold standard & getting RID of the central bank and fiat money. Eurozone has a supranational central bank with a supranational FIAT currency.
There is a deliberate attempt to smear Austrian economics because of their negative views on central banking, and their advocacy on alternate monetary systems (which have existed and functioned perfectly in the past). It begs the question, why is Michael Hudson advocating for a central bank?
Doesn’t the muslim religion specifically mention “dirham” and “riba”?
Ramin, what are your thoughts about central banking and how do you reconcile that a central bank fixes the interest rate for the entire country even one which is muslim ? Isn’t charging interest on loans prohibited in Islam ?
Another excellent article. Not simply good, but excellent.
Ramin thank you for answering my rather vague question about how you learned French and thank you for your thoughtful and funny writings here as well.
“If you know no words…you have to study vocabulary and that’s a solitary pursuit. If you want to use what you know in the real world, that’s a group pursuit.”
This is both true and helpful; there are different stages in learning and different stages require different methods.