Authored by Thorstein Polleit via The Mises Institute,
Emmanuel Macron is the new president of France. The 39-year-old political shooting star got 66.1 percent of the votes in the second round of the presidential election last Sunday. His opponent, Marine Le Pen, secured just 33.9 percent of the votes.
Authored by Mike Shedlock via MishTalk.com,
Now that the cheering over the French election has died down, reality will strike France and Germany like a cold bucket of water thrown in one’s face on a Winter’s day.
Germany was guaranteed to not like the result no matter who won. The final choice was between an anti-EU Marine Le Pen and a budget-comingling Emanuel Macron who needs EU treaty changes to get what he wants.
And in France, buyer’s remorse has set in. Unions are already protesting against Emmanuel Macron’s policies.
French Election A Catastrophe For World Peace
Paul Craig Roberts
Marine Le Pen’s defeat, if the vote count was honest, indicates that the French are even more insouciant than Americans.
The week before the election the Russian high command announced that Washington had convinced the Russian military that Washington intended a preemptive nuclear first strike against Russia. No European leader saw danger in this annoucement except Le Pen.
Authored by David Yager via OilPrice.com,
The current discussion about the future of oil is how soon will it be before petroleum becomes a sunset industry. If it isn’t already. Flat or falling demand. Carbon taxes. Electric cars. Renewable energy. Oil has no future. It is only a matter of time, although how much time remains is subject to considerable discussion and debate. Various prognosticators put forth differing view about when world oil demand will peak. Some say as early as 2030, others much later. Nobody says never.
Update: Reuters confirms that the US arming of yet another ethnic group in the middle east is now a "go"
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