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The French Revolution (The Sequel)
The French Revolution (The Sequel) Here we have an eighteenth century depiction of two-thirds of the motto of the French Revolution – Liberté, Égalité, Fraternité, or “Liberty, Equality, Fraternity.” It’s significant that Karl Marx was inspired by the French Revolution to form his concept of a utopian society. He envisioned a worldwide revolution in which […]
The New French Revolution?
The New French Revolution? France is now preparing to use chemical weapons against its own citizens around Paris to counter-attack the Yellow Vest rioters as their anti-Macron protests continue after 5 weeks. This chemical is a debilitating powder that can be spread over an entire area of the size of six football fields in ten seconds. So far, […]
The Next French Revolution – Is it Beginning?
The Next French Revolution – Is it Beginning? The austerity measures of the EU are having a profound impact in Europe. In Paris of December 1st, 2018 (right on time with our volatility models for December) there was a major civil uprising, the worst France has witnessed in recent decades. Yellow Vests have converged in […]
The Deep History of Taxation May Surprise You
The Deep History of Taxation May Surprise You For the majority of history, the idea of sustained taxation in peacetime was anathema. So what happened? Two things in life are certain: death and taxes. So goes the saying. And yet despite that, the idea of the necessity of taxation is largely undisputed, “consent” to its […]
USA 2017 vs. France 1789
USA 2017 vs. France 1789 Most people are familiar with the story of the French Revolution: When the poor revolted against the unfairness and wealth inequality imposed by the aristocrats, they overthrew the monarchy and beheaded more than 40,000 people, mostly clergy and noblemen, as punishment for their crimes and injustices. The days of using a […]
What’s Eroding the Middle Class?
What’s Eroding the Middle Class? This erosion of a self-employed, independent middle class was an important pre-condition for the collapse of Rome and the French Revolution. I have devoted many blog posts to the erosion of the middle class, for the specific reason that when the middle class–the layers of the economy between the Power Elites […]
Austerity or Hyperinflation. Which is the Precursor to Revolution?
Austerity or Hyperinflation. Which is the Precursor to Revolution? QUESTION: Mr, Armstrong; I recently read an article claiming to be a case study that it was somehow the French hyperinflation that led to the revolution. It seems that as you say they are again mixing facts to support a rise in gold with hyperinflation. I am a […]
Part Deux ‐ Shorting the Federal Reserve
Part Deux ‐ Shorting the Federal Reserve The sequence of events leading up the French Revolution are likely unfamiliar to most. Yet money printing and a debauched French currency played no small part in those events. As a sequel to “Shorting the Federal Reserve”, 720 Global aims to provide an historical example of excessive money […]
