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Well, believe it or not, the younger generation is extremely socialistic. Just tell them they will get something for nothing and they are on board. I suppose this is what we get for telling them to pay for schooling and degrees that they cannot find a job with. n Switzerland, they pushed for an actual vote on

In Switzerland, the youth pushed for a vote on universal income where every citizen would receive ga lifetime monthly payment of 2500 Swiss francs, no matter where they live, and they do not have to work or ever earn anything. This is more than most people earn in retirement checks after a lifetime of work. The solution — just give’em the money now. Why work for it? Seems like a waste of a life. They just want to cut to the end. This is the legal way to rob your neighbor so you do not ever have to work.

Well, the proposal to guarantee a minimum monthly income of 2500 Swiss francs lost 76.9% to 23.1%. It could have, over time, lead to scrapping unemployment and social and pension payments, but it would have been in a dead-heat race with bankrupting the state, which probably would have happened first. The proposal was promoted by Daniel Haeni and Enno Schmidt who are really out of touch with how the economy functions. This same idea has been talked about in Canada and the USA.

The European Central Bank (ECB) will start buying corporate bonds on June 8. This will broaden Quantitative Easing by expanding it to a new asset class in a desperate struggle against deflation. The Governing Council meeting in Vienna maintained the refinancing rate at zero and the deposit rate at -0.4 percent as a component of its asset purchases of 80 billion euros per month.

This type of stimulus is, at least, far better than buying government debt. Governments do not create jobs that truly contribute to economic growth because government produces nothing. Unfortunately, buying corporate bonds from bankers only means they are relieving the banks of paper they do not want. The ECB is hopelessly fighting against the wind of deflation because they do not control the fiscal side of the balance sheet. We have the European Commission plotting against the economy by attempting to raise taxes at every possible turn on top of creating a Byzantine system of serious over-regulation that prevents business expansion and formation.

The superficial view of how this will stimulate the economy is always good for a bounce, as people trade within the noise of a market defined by resistance and support. However, the long-term prospect of this actually reversing the trend or “stimulating” anything is hopeless.

COMMENT #1: 

The current protests are not “The People against the State” and therefore it is not a revolution. It is the Left (CGT union and alike) against the Left (Presidency); it is a family affair like currently between Amber Heard and Johnny Depp.

When these people rioted in my street, the REAL PEOPLE on their balcony INSULTED them. How could the real people walk in the streets with these bastards to make a revolution? They gather 2-3% of the votes in elections ! They ravaged everything for 20 minutes including a bank. We called the police who’s station is just 100 meters always and they didn’t show up until 20 minutes after their departure ! The police is not using water cannons and they are releasing within hours those who burn police cars and injure policemen.

The real risk is when the REAL PEOPLE clash with the PROTESTERS. That would bring an interim military cabinet who would delay the 2017 election. There is already General Didier Tauzin who announced he is running for President.

REPLY: They are calling this the second French Revolution, but you are correct, it is not the people so much as the left unions. We have the same problem in the States with government workers against the people.

REPLY: This is not just a French revolution, it is a worldwide revolution. We are seeing it in America, Britain, Spain, Germany, Italy, and Greece. Everyone has simply had enough of politics as usual. The elite around the world are in a complete state of denial.

COMMENT:

Dear Martin,

When I first started voting in the UK at 18, I used to take my balllot card and driving license with me for ID purposes.

But to my surprise, nobody ever asked me for ID. Not even the ballot card. Then I started asking them, “Don’t you want to see my ID? I could be anyone. What if this bloke comes in later, and I’ve voted instead of him?”.

I’ve even put it down in front of them, and they ignore it completely. They just laugh and smile, as if I’m an idiot for suggesting it, and say, “It’s not needed”.

Nobody’s ever checked my ID in 29 years of voting. So they’re not going to start doing it now…

Regards,

N

REPLY: So much for EU members not voting to keep Britain in. Voter fraud should be expected as it is just more of the same.