Enter Donald Trump

I voted for Trump on Tuesday. Moving from Bernie to Trump does not seem incongruous because in the issues that matter the most to me, such as trade and foreign policy, Trump is much closer to Bernie’s position than Hillary ever was.

Hillary is the last candidate of the neo-liberal current in the Democratic party. The Democratic neo-libs can also be called Phonies and DINO. Carter was the last president of the FDR/LBJ Democrats. Bill Clinton launched globalization – I remember him talking about the New World Order around 1994. He was the first president after the demise of the USSR and with no more fear of Communism, he served as an agent of the capital elites bent on erasing borders and creating a capitalist global economy. Since Bill Clinton, Bush II and Obama both followed the same path with some distinct touches to remind us of their partisan label and maintain the illusion of two opposing parties; in fact it is the Establishment that governs.

Obamacare is a partisan label. It is a form of ineffective healthcare reform – it lacks a public option and that is a terminal flaw. But the long debate over it served and still serves to remind us that Reps and Dems are somewhat different.

I believe that the last time we had and election where two truly opposite philosophies collided was in November 1979. In less than 40 years since, the American middle and working classes has been harmed tremendously while the extremely wealthy became super extremely wealthy. Notice that Obama was quick in crushing Occupy Wall Street.

The Democratic neo-libs have garnished their push toward globalization with a layer of guilt on the white majority on both the US and Western Europe. They have allowed in millions of non whites to reinforce the idea of the “global village”. European leaders quickly jumped on the globalization bandwagon, following Washington’s lead. UK PM Tony Blair, another neo-lib, once boasted that under his tenure London had become a metropolis where 200 languages were spoken. Destroying national identity and culture by dilution with immigrants from incompatible cultures who do not assimilate serves to eliminate the sense of nationhood. No nation = no tariffs = more profits for the elites.

Merkel has brought into Germany a million Muslims to make Germany less German; not because she cares about Syrians or Afghans. Same goes for Hollande in France, Renzi in Italy, etc.

What will Trump do? We will see. I am certain the Establishment is already at work to tame him.

Egyptian Presidential Election Today, French, Greek Legislative Elections in June – All Critical

The Egyptian candidates, 13 in all, range from islamists to former ministers of the Mubarak regime. The outcome of this election, the first free election in Egyptian history, may have profound consequences in the Middle East. Unfortunately, women have been marginalized in this historic event. Not a single presidential candidate is female. Egyptian women were very active during the revolution which led to the election.

The French will go to the polls to elect a new National Assembly and its composition will be paramount in determining whether President Hollande will be able to carry out his program or instead adopt a more centrist approach.

With the arrival of Hollande, huge differences have surfaced between Germany and France in how to deal with the crisis. Hollande’s call for the creation of the euro-bond has been rejected by Germany, The Netherlands, and Finland.

With the euro bond, the borrowing cost for these 3 nations would increase while others, debt strapped nations, would find borrowing cheaper. The euro bond would homogenize their credit ratings.

All continental members of the EU want to impose a tax on financial transactions which would benefit fiscally in two ways: By generating revenue and by reducing speculation. Only the U.S and Britain oppose the move. But by opposing this tax, and the reduction of speculation, both the U.S. and Britain may be shooting themselves in the foot. If the EU breaks apart, they will feel the pain too. Britain is part of the EU but not of the eurozone.

The Greeks are forming a new government in June and the composition of this government may be the key on whether Greece stays in the euro zone. Further international fiscal support for Greece hinges on whether the new Greek government swallows the bitter pill of austerity reforms. French President Hollande however favors reducing the size of the pill and instituting growth measures simultaneously.

If Greece leaves the euro zone, all bets are off. There is really no precedent in this area so the consequences are difficult to predict. Greece leaving the common currency zone may trigger a contagion effect in both Italy and Spain.

I do not understand why the ECB does not devaluate the euro more to make European-made products more competitive. I believe decisive action in that area should be taken rapidly but it is not happening and the exchange rate is being left to the currency markets where the euro has lost some ground but not enough to really make a difference.

What we all can count on is that all these events will affect us profoundly here in the U.S. The only thing certain is uncertainty.