by Martin Armstrong mentions the increasing tax burden on workers in Europe. He doesn't mention that the increasing tax burden results from the institutional structure of the EZ, where the member countries have ceded currency sovereignty to the ECB. As a result, these countries are no longer sovereign currency issuers and cannot self-fund. Like US states, they have to tax or borrow to spend and there are institutional limits on borrowing (deficit spending) imposed by treaty.The key point in the post is the use of chemical weapons domestically against the civilian population. Ironically, such use is prohibited in war but permitted for domestic security. Just like the use of pepper spray against US domestic protestors, in addition to tear gas. I recall the use of tear gas in the protests
Topics:
Mike Norman considers the following as important: chemical weapons, Emmanuel Macron, Gilets Jaunes, New French Revolution, police state, Yellow Vests
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Martin Armstrong mentions the increasing tax burden on workers in Europe. He doesn't mention that the increasing tax burden results from the institutional structure of the EZ, where the member countries have ceded currency sovereignty to the ECB. As a result, these countries are no longer sovereign currency issuers and cannot self-fund. Like US states, they have to tax or borrow to spend and there are institutional limits on borrowing (deficit spending) imposed by treaty.
The key point in the post is the use of chemical weapons domestically against the civilian population. Ironically, such use is prohibited in war but permitted for domestic security. Just like the use of pepper spray against US domestic protestors, in addition to tear gas. I recall the use of tear gas in the protests against the Vietnam War war during the Nixon Administration in Washington, DC. At that time, there was only the alternative press, no social media, and the corporate press largely suppressed the news on the protests. Armstrong reports the same occurring in France now.
Armstrong Economics
The New French Revolution?
See also
Counterpunch
The Euro-Establishment’s Fear of Populism