Most Americans are so self-centered, they
don’t understand an ENTIRE WORLD exists outside their borders. With
just 4% of the world’s population and 25% of its GDP – much of it related to fraudulent, unproductive financial
businesses – America is dramatically
declining; to the point it is NO LONGER the world’s largest
trading partner…
China Eclipses U.S. as Biggest Trading
Nation
In fact, last week’s “G-7” summit highlighted just how much the global
economy has changed since these economic
manipulators started meeting in the 1970s. Back then, the
world’s seven leading economies were unquestionably
the U.S., UK, Japan, France, Germany, Italy, and Canada. But today;
don’t make me laugh…
The BRICS take over
With the exception of Canada – which has plenty of issues of its own –
these nations are among the most highly indebted and inflation-ravaged on the
planet. Political tensions, social unrest, and draconian decrees have
become a way of life; and clearly, the path of least resistance is DOWN…
G7 fails to defuse currency tensions
Amongst these seven, NONE depict collapse
better than France (although several are close
seconds); once considered a leading political, economic, and
social force – but today, withering into COMMUNIST HELL…
Socialist Hollande
in, Sarkozy out, as France elects a new president
Like Americans, the French also believe they don’t need to earn a living…
Countries Where People
Work Least
…having long ago
chosen a “cradle to grave” WELFARE STATE…
Consequently, France has been mismanaged into oblivion…
French
economy buckles
as car sales collapse
…yielding
surging DEBT…
…DEFICITS…
France to pause austerity, cut
spending next year instead: Hollande
…and a banking system hopelessly exposed to the squealing PIIGS…
Banking Systems Most Exposed to PIIGS Nations
…of which, many categorize France itself
as…
Why France is on the road to
becoming the new Greece
Since Francois Hollande was swept into
office on a Socialist platform last May…
Hollande Vows to Fight Austerity after
Beating Sarkozy
…France’s economy has collapsed
further…
French
GDP Shrinks as Hollande Faces Job Cuts, Recession Risk
…its AAA-rating was stripped…
France loses another AAA rating
with Moody’s downgrade – November 2012
…and its banks have required billions
of “under the table” BAILOUTS…
The Fed’s Bailout of Europe
Continues With Record $237 Billion Injected Into Foreign Banks in Past Month
Moreover, Hollande is apparently far closer
to COMMUNIST than SOCIALIST; as evidenced by the maniacal 75% tax rate his is trying to enforce
on “the rich”…
Hollande refuses to back down on French
super-tax
…yielding plunging
real estate as the nation’s wealthy flee
France…
Real Estate Sales Collapse in
Paris and Ile-de-France; New Home Starts Lowest Since 1998; VAT Hike to Make
Matters Much Worse
…and visible escalation of “THE FINAL CURRENCY WAR”…
French Industry Minister Wants
Lower Euro and Currency War Entry ASAP: Demands ECB Start Monetizing Debt
Apparently, NOTHING is sacred when it comes to Hollande’s
“Communist Manifesto”…
Hollande tiptoes toward
raid on Pensions
under Pressure
from EU
…and thus, his approval rates are plummeting…
…the neighboring Germans are terrified…
Exclusive: Worried Germany seeks
study on French economy – sources
…to the point of aggression…
Bundesbank Tells France to Stick to Budget
…and the populace is becoming restless…
Are we headed toward another
French Revolution?
Like America – and most of the Western World – “FRANCE’S DEATH KNELL”
is ringing loud and
clear. It’s
only a matter of time before the next wave of contagion erupts; and when it does, WEAK LINKS
like France will be the first to be consumed…
There is a (French) state, but it is a totally bankrupt state.
-Michel Sapin, French Labor Minister
(January 29th, 2013)
Read
the Monday Afternoon Wrap-Up for 2/25/2013 and the Tuesday Morning Commentary
for 2/26/2013
