French police have attacked Yellow Vests protesters, firing tear gas and rubber bullets at thousands of demonstrators, who took to the streets to denounce French President Emmanuel Macron’s economic policies and pension reform.
French police attack Yellow Vests protesters in rally against Macron’s economic policies
Related:
Emmanuel Macron presses ahead with pension reform as French discontent swells
Macron: French health sector problems could deepen in coming years
The big jump in hourly pay in November isn’t inflationary. Working families’ real earnings are no higher than they were before the pandemic.
The Federal Reserve is poised to punish workers even as paychecks have been shrinking
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Dispelling the Myth of Tax-Induced Capital Flight
A study by the American Sociological Association in 2016 found that while massive top rate tax hikes might cause some millionaires to move from their high-tax state to a low-tax state, the amount of them doing so for this reason was negligible. Millionaires moved for tax purposes around 2.2% of the time. Indeed, in any event the rate of inter-state migration generally was lower for millionaires, at 2.4%, than it was for the general population, at 2.9%.
According to the Pentagon, the US has sent 924,000 155mm artillery rounds to Ukraine
US Army Plans ‘Dramatic’ Increase in Ammunition Production as Ukraine Aid Drains Stockpiles
Maybe if the AFU didn’t waste ammunition, on civilians, they wouldn’t have as much of a shortage?!
Citizens across much of the continent are marching in the streets, protesting against inflation, the Western proxy war in Ukraine, as well as the Washington-led sanctions blitz
As Winter Approaches and Inflation Rises, Social Unrest Boils in Europe
Cue false flag operation!
The austerity-ridden budget was approved without a vote on after the government involved a controversial provision of the constitution. Earlier, left-wing MPs had passed several amendments to the government’s proposals
Neo-liberal Macron government in France pushes 2023 budget without parliamentary vote
Related:
French Labor Unrest Illustrates Worsening Economic Crisis Within the EU
The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar. Administration officials say it’d help reinforce the U.S. role as a leader in the world financial system.
US Treasury recommends exploring creation of a digital dollar
H/T: PFYT2
Related:
A digital dollar would allow Americans to directly open up an account at the Fed
And while some have suggested that the Fed could potentially launch a digital dollar on a public network like Ethereum, Luther suspects that it would instead choose to launch on its own dedicated blockchain.
“A public blockchain would limit the government’s ability to control access and monitor transactions. I am not convinced it will give up control and oversight, even if doing so would be in the best interest of society.”
Fed’s Powell: a U.S. digital dollar could help maintain international primacy
The development of an official digital version of the U.S. dollar could help safeguard its global dominance as other countries issue their own, Fed Chair Jerome Powell said on Friday, weighing in with generally positive remarks on a hot-button topic at the central bank that has left policymakers divided.
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Ten countries have already launched central bank digital currencies and another 105 countries are exploring the option, according to the Atlantic Council, leading to fears the dollar could lose some of its dominance to China.
Europe’s impending depression is not to be discounted in terms of its relevance to this side of the Atlantic pond. Since the turn of the century, US exports to the European Union have soared from $12.3 billion per month to $30.4 billion. That latter amounts to $365 billion on an annual basis.
Needless to say, when European GDP descends into a double-digit slide, demand for US exports will plunge, causing declines in production and employment on this side of the Atlantic.
Europe’s Coming Winter From Hell: Thanks for Your Sanctions War, Washington!
It is a big check written by middle America to rich people who run Raytheon and Lockheed Martin.
As America Crumbles Our Leaders Are Sending Billions More to the Ukraine
In July, the price of eggs and milk went up. The price of fruits and vegetables went up. The price of new cars went up. Electricity cost more. Medical costs rose. Alcohol became more expensive. Rent went up.
Biden: July Inflation Was 0%. Actual July Inflation: 8.5%. Media: Eh, Close Enough.
Ms. Cat’s Chronicles 
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