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France’s Death Knell
Published : February 27th, 2013
617 words - Reading time : 1 - 2 minutes
( 4 votes, 3.8/5 ) , 1 commentary Print article
 
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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

 

Data and Statistics for these countries : Canada | China | France | Germany | Greece | Italy | Japan | All
Gold and Silver Prices for these countries : Canada | China | France | Germany | Greece | Italy | Japan | All
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Andy Hoffman

Andrew Hoffman was a buy-side and sell-side analyst in the United States (including six years as an II-ranked oilfield service analyst at Salomon Smith Barney), but since 2002 his focus has been entirely in the metals markets, principally gold and silver. He recently worked as a consultant to junior mining companies, head of Corporate Development, and VP of Investor Relations for different mining ventures, and is now the Director of Marketing for Miles Franklin, a U.S.-based bullion dealer.
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Anybody that believes that China is any less corrupt than the rest of the countries is in for a rude awakening. All the worlds governments deserve to be Rico'ed.
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