France Heating Up: Immigration, High Taxes, Austerity

[Jacob Petersheim]

Every country seems to be facing tough issues of mass immigration and unsustainable national debt. Trying to pave over social troubles with handouts can make the debt problem worse. Not to mention the consequences of people living beyond their means once inflation rears its head.

Deindustrialization doesn't help either. It erodes the tax base and floods the landfills with cheap Chinese crap.

So France is backed into a corner. This means cuts in numerous carve-outs and subsidies, national pensions, and so on. Being asked to pay more for its own defense for a change is another big pill to swallow.

Where things go is still difficult to say. This video goes over the challenges to making the necessary cuts, looking at recent and historical parallels in that country.

Spain and other EU nations are actually in the same boat or close. Austrians are getting crankier and crankier about austerity measures and raggedy public health care with its long wait times for access.

 

[Don Alaska]

France is stuck. They are further down the road to bankruptcy than we are, but we are heading in the same direction. That was some of what Musk was trying to prevent. Musk thought everything could be done by executive order, but Trump knew differently form experiences he had seen in the past. That is why the "BBB" was pushed through and why Musk rebelled. He saw it as a betrayal of his agreement with Trump while Trump viewed it as a necessary evil to be endured. Only so much can be done by the President; Congressional action is required for some changes and that was done with the Big Beautiful Bill. Trump thinks he can save the U.S. by using tariff revenue while at the same time balancing the trade deficit, but to do so, he has to accept a lot of crap and pork from Congress.

Other nations in Europe are following the same path. We shall see if the immigration crisis there triggered by the former colonies of several of those nations come back to bite the former masters.

 

[Jacob Petersheim]

It is shocking to my how this is being viewed from outside.

Many people in the UK seem to be swallowing their State media (BBC) narrative on everything that has happened here since January 20th. The greasy socialist character Mamdani in NYC is being viewed by them as a promising future for the US as they fall into a dank abyss right now themselves.

This view seems most entrenched in their nepotistic Civil Servant caste, which looks more like something feudal or even Soviet in character by far than civil servants do in the US. Here it is far more "just a job" than over there where it is a social class within the hierarchy.

 

[Don Alaska]

Unfortunately, I am afraid the UK is repeating the error they committed immediately after WWII. It nearly destroyed their country, and led to their fall from the peak of the world order.

 

[Jacob Petersheim]

Spain is hot now as well, but for some reason the media are hiding the story.

Spain is in CHAOS! Revolution is in the air

People are pushing back against foreign invaders and a government's tolerance of the situation.

Also a bit here on the UK's crooked government, which has been bringing in Afghan soldiers surreptitiously.

 

[Don Alaska]

Spain is a real mess. Not only is immigration an issue, but the power grid and internet system are collapsing as they switch to "green" energy.

 

[Axel Slingerland]

Billionaires from the rich countries farmed out nearly all manufacturing to what most people refer to as 3rd World Countries for cheap labor, and instead of taking those jobs, they go where ever the factories used to be.

 

[Jacob Petersheim]

Billionaires from the rich countries...

People love to blame somebody else, but as much or more of this stemmed from people getting suckered into 401Ks and IRAs instead of pensions. This handed even more unmonitored cash into the mitts of Wall Street, and as returns were demanded they obtained those by offshoring the most important part of middle class incomes and national security. When people started to foolishly "invest" in the stock market, often with borrowed money or money freed up by financing other things and renting and leasing (so effectively also borrowed) it just fed fuel to the fire gutting out America.

The coasts loved this, especially feminists. It exploded the unproductive pink-collar paper-pushing job sectors, activity a bit more suitable for women outside the home. The education industry took note early on, and became another parasite on the economy churning out trash degrees to feed the trend.

 

[Axel Slingerland]

You could easily shorten "Billionaires from the rich countries" into "Wall Street"... They have their hands in everything now. As an example, I watched a movie last night, an MGM film. When it started, this made me laugh...


What's next? Charmin, An Amazon Company?

And is just me, or in that screenshot does the Lion appear to be winking?

 

[Jacob Petersheim]

What's next? Charmin, An Amazon Company?

This has been coming for years. I've been in discussion groups where certain TV and film franchises rolled around and eventually came under MGM, ones that Amazon's media production arm (they've been at this many years) has had an interest in. It isn't just out of the blue, Amazon has been producing or co-producing TV and film for over a decade now.

Wall Street isn't really alone in its mission to run the world. There are deep tentacles wound through and around it from London banks and the Royal Family's treasury and cabal of "controllers." This was a laughable conspiracy theory to me until just recently as one connection after another was exposed through declassified documents, court cases, and events like the recent declaration by the Crown that Canada does not belong to the Canadians at all, and remains owned by "First Nations" and only occupied currently under a contract with the monarchy.

It is no accident or even political dispute that Canada can't seem to come to any trade agreement now.
Several "former" African colonies are under a similar form of colonial control to this day. Nominally independent but not in practice.