Renewable Revolution

Many of the Yellow Vests have flat-out rejected Macron's proposals, according to European-Views.

He is trying to do a pirouette to land back on his feet but we can see that he isn’t sincere, that it’s all smoke and mirrors,” said Jean-Marc, a car mechanic as a gathering of some 150 Yellow Vests in the southern town of Le Boulou.

“It’s just window dressing, for the media, some trivial measures, it almost seems like a provocation,” said Thierry, 55, a bicycle mechanic.

“All this is cinema, it doesn’t tackle the problems of substance. “We’re really wound up, we’re going back to battle,” he told AFP before taking part in blocking the Boulou turnpike on the French-Spanish border.

“Maybe if Macron had made this speech three weeks ago, it would have calmed the movement, but now it’s too late. For us, this speech is nonsense,” said Gaetan, 34, one of the “Rennes Lapins Jaunes” (Yellow Rabbits of Rennes).

One 35-year-old French official said that Macron "is being held hostage so he drops some crumbs."

Arrogance & Ignorance : A Toxic Mix

Notice Macron's age, when he became a senior civil servant - 27 years of age. That’s important. The French elites are young men and women, who have been told that they are not just the intellectual creme de la creme, but morally superior. Better human beings, than their inferiors.  These people are arrogant. But they are also ignorant. Raised in very wealthy families and cosseted in the networks those families are part of, they have no understanding of ordinary people and their real lives. Arrogance and ignorance is a very toxic mix. Macron’s tone-deaf appeal to climate change to justify the rise in diesel taxes, as well as his outrageous suggestion that ordinary French folk must drive less, is a classic example of the problem.

Just 27 years old. Young people without life experience, are suggestible. They believe what they are told by superiors and haven’t yet had time to test their opinions, against reality. Macron simply doesn’t have a clue.

What makes the gilets jaunes protests unique? Their main gripe? Elites blaming ordinary people, for problems that the same elites have caused. Elites never being held accountable for their incompetence. And elites never having to experience the conditions, that their failed ideas cause.

French people are sick of being held in chains by a ruling class. They are sick of being poor and unemployed. They want a new direction, for their beloved nation.

Sound familiar?

December 14, 2018 - Bank of America's Chief Investment Strategist: It is rare for combo of such capitulation out of risk, capitulation into US dollar & Fed dovishness not to spark rally; only reason it would not is fear of “credit event” & “policy impotence.”

marcel tjoeng
If parasitic capitalism is running out of ideas where to feed its blood from, that gives you an idea of how much untapped blood there is around.

No more, apparently. Now the bloodsucking parasite must turn within, turn on each other, or not be able to grow more, or just gaze at its shrivelling own body. So, what exactly is the problem .. ?

"This Is A Bear Market" - Stocks Slump After Gundlach Unleashes Truth-Bombs On CNBC

Batman11
What goes wrong with free markets? 

They worked it out in the 1930s.

Henry Simons and Irving Fisher supported the Chicago Plan to take away the bankers ability to create money, so that free market valuations could have some meaning.

The real world and free market, neoclassical economics would then tie up.

1929 – Inflating the US stock market with debt (margin lending)

2008 – Inflating the US real estate market with debt (mortgage lending)

Bankers inflating asset prices with the money they create from loans.

https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy.pdf

What was the transmission mechanism from FED QE into the markets?

The FED QE went into bank reserves and they used margin lending to get it into the markets.

Bankers inflating asset prices with the money they create from loans
 
The lazy little sods in the Mont Pelerin Society just went back to 1920s neoclassical economics and lost everything they had learnt in the 1930s.

“A potential revolutionary situation exists in any country where the government consistently fails in its obligation to ensure a least a minimally decent standard of life for the great majority of its citizens." You will never guess who wrote this in 1961. BUT, when you find out, if you are a CAPITALIST "might is right" IDEOLOGUE, you will stubbornly (and erroneously) pretend it is only true in China, while ignoring the FACT that it is much more applicable in Europe and the USA today.