Thursday, February 23, 2017

Frexit Will Become Headline Reality Soon

News
Marine Le Pen, a conservative right wing, anti-EU and -immigration National Front candidate, is all about national sovereignty and independence. The similarities to Trump's platform suggests a wave of nationalism, the trend toward separation rather than cooperation, spreading across the planet. It also suggests that Trump was merely a surfer rather than than driver of a trend established by the invisible hand.

Bottom line, Brussels EU-controlling bureaucrats are scared to death of Le Pen's brash and rebelious leadership style. She wants France to take back control of its money and finances through through Frexit referendum vote; the foot dragging displayed during the Brexit  process highlights the importance of losing a majoring economy within the EU.

The Euro remains in mark down because of the growing potential for chaos from a French, Italian, Spanish, or similar exit (see Matrix). Past debt issuance dependent on strong Euro/weak dollar would be vulnerable ill-liquidity, forced liquidations, and default that would wreck havoc on global markets.  Smart money is right to be worried.

Headline: French Election Puts Possibility of ‘Frexit’ on the Agenda

PARIS—What’s striking about the French presidential election is the extent to which the two front-runners share a basic analysis of the choice facing the country. Marine Le Pen, the leader of the right-wing National Front, and Emmanuel Macron, the 39-year-old former economy minister who quit Fran├žois Hollande’s government to stand as an independent, are poles apart politically. But both agree that the defining issue is France’s membership of the eurozone.

Both point to the widening divergence between Germany and France’s...


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