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"London Bridge Is Down"

Authored by Raul Ilargi Meijer via The Automatic Earth blog,

The French election, won overnight by Emmanuel Macron, put several segments of the French population opposite one another in a pretty fierce contest. And that contest will continue. Because Macron won’t be able to lift the French economy out of its doldrums any more than Le Pen could have, or than Trump can life the US, and the new president will have the honor of presiding over a further and deepening downturn. The French political dividing line was aptly described by Simon Kuper recently:

Silver Elevator Keeps Falling, Report 7 May, 2017

Silver Elevator Keeps Falling, Report 7 May, 2017

The dollar moved strongly, now over 25mg gold and 1.9g silver. This was a holiday-shortened week, due to the Early May bank holiday in the UK.

The big news as we write this, Macron beat Le Pen in the French election. We suppose this means markets can continue to do what they wanted to do before the threat of Frexit, shutting off trade between France and the rest of Europe, and who knows what else Le Pen was plotting to do to the French people.

War And Empire: The American Way Of Life

Authored by Paul Atwood via The Strategic Culture Foundation,

A few months ago I received a message from a professor at the Khomeini Institute for Education and  Research in Tehran, Iran, informing me that my 2010 book “War and Empire: The American Way of Life” (London, Pluto Press) had been translated into Farsi. He requested that I write an Introduction for Iranian readers. What follows is that Introduction. Two years ago the Xinhua Peoples’ Press in Beijing, China also published a translation in Mandarin.

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