We’re not really foolish enough to think we know what is going on. We make our guesses. We take our chances. History tells her story when and how she pleases.
A nice reminder of my own Normandy visits. Some of the best food ever. Thanks for the insight that "you don't know what is going to happen." Good to know your thinking is the same as my understanding. I hope the Bourgeois can feel less terrorized and the immigrants can commence honest constructive life, with motivation to get ahead and build on civilization. But at this point in this cycle my read is that immigration was an attempt to control the political scene which hence they lost to Trump and populism. Strangely it seems so many politicians feel they need to impose their ideas upon others only to achieve the opposite. It is so strange that voters evaluate and select politicians and get such foolish results.
Lucky Bill stayed safe in his car so he could make his hasty generalisation in comfort and peace and draw the big conclusion about immigrants from this one incident- having just said ‘if you think you understand what is going on, you don’t know what’s going on.’
The problem with these sweeping statements and gross generalisations is that they are essentially populist rabble-rousing and ideological in character rather than fact-based, detailed analysis seeking to find the truth of the situation and best outcome based on the balance of probabilities.
This is a macroeconomic newsletter and we should expect that the method is to take in all the information surrounding a situation and carefully and methodically come to a full understanding of the situation and plot the best way to invest and position oneself. From this perspective being over emotional, being triggered, being overly nostalgic isn't helpful.
A lot of Bill's commentary about Europe is derogatory and caricatured, displaying a patrician arrogance; aimed at his American audience to make them feel good about their situation and think they compare favourably with Europe. A lot of his statements are not checked against reality and I can say that most of what he said about the UK on his recent visit was wrong in a very stupid way, holed up in cosy Central London with swivelled-eyed fear of a racist mobs pouncing on him at any moment. Good gonzo, bad macroeconomics.
Bill is a sort of libertarian Piers Morgan seeking to agitate people by bringing up hot-button issues and peppering his writing with logical fallacies for his seemingly gullible audience to react to. He repeatedly makes unproven claims based on single instances without fact-checking or nuance such as forming a judgement of the Argentinians' experience of Milei from a conversation with a taxi-driver and it seems a lot of people are happy to take this as truth because it confirms their own biases.
You have to admire Bill's skill at doing this!!
If you want to have a debate about immigration and social problems that's fine but it should be fact-based and productive not simply win-lose posturing.
For example, the immigration and money printing has been described as a function of demographics and the need to borrow to maintain the same level of public services, at the same time low cost workers are needed to maintain things. I’d much prefer an analysis of this.
While your points are useful for discussion and debate, the riots across Europe and Scandinavia speak for themselves. These are real people who have lost jobs and been victims of crimes. They are seeing their culture destroyed before their eyes by a third world "invasion" facilitated by their own governments. Imagine the frustration!
See Brien’s point from today’s discussion. The real problem is the terrible economy the elites have given us and they have caused the immigration problem due to the faltering economy and use its excesses to distract. If you want to research about this read ‘Irony and Outrage’ and ‘Chaos Machine’ to see how media creates the distraction. If you want to read about the economic effects read Porter Stansberry’s book then tell me if you have the same opinion.
Nonsense. "The Elites". "The Government". "The Uniparty". All convenient to blame fornthe mess we, as the voring public, have created by voting ever and always for jam today.
"But I didnt vote for them" I hear you squeal. But what did you do to convince your fellow voters they were wrong?
Or did you vote for any of the charlatans and legitimise them on the basis that they're the least worst option? Trump. Starmer. Macron. The list goes on. Left or right, we'll get what we deserve, not what we want or need.
I for one enjoy Bill taking his pin to the pompous bubbles of many of you who squat in his comments like we're here to read you like parasites.
lol someone’s fallen down the wormhole.. denouncing people who post as parasites whilst posting on a 4 day old discussion that everyone else has moved on from.. is that gross stupidity or gross hypocrisy?
Bill always great to go to weddings rather than funerals eh .. nice to hear that life in France has some semblance of normalcy given the chaos in most of its major cities. There can be no doubt that importing minorities from third/fourth world countries was and is a continuing festering sore that will turn into ugly social epidemics as the future of Europe evolves. The same views were held by my Prussian ancestors (now Poland) and there fast breeding ever growing minorities of primarily Balkan peasants (Jews Gypsies Muslims) seeking a better life in the more civilised countries of Europe. But now the price for buying in CHEAP labor is festering the social unrest that all of these imports wish to have equality with their current employers and ruling gentry but they want it now! and are not willing to invest or exert the effort and centuries of struggle that has enabled the gentry to now enjoy that quality of life that their parents sought It will be interesting to watch how these 'multi-ethnic-cultural' experiments evolve but I suspect it not going to be a peaceful social integration which will result in many similarities to 1933 Germany. When there are more Mosque's Temples than Churches, and underlying ethical moral foundation is being challenged that the modern 'gentry' are not going to accommodate.
No doubt that will cause greater social upheaval and cultural friction across all of Europe but maybe NOT Ireland ..?
Lol this is quite the polemic and a mix of skewed facts and false analogies. In my view, the main driver of the problems we have is the Cantillon effect and the perfidy of the elites. Why be angry at the poor people caught in the middle of this and not be angry at the financial elites and politicians who created the mess instead? Why not have some empathy and solidarity with ordinary people? Why not stop buying into the division narrative peddled by the media and newsletters?
You'll need to travel to Germany Italy France and all of Scandinavia to get a better idea of the social cultural financial problems of accommodating supposed "poor" people and go after the fools trying to managing migration .. which they are NOT ..
Muttie was a wonderful example of that in Germany as were previous Chancellors who thought importing over three millions Turks to power the automotive industry of the 1960's 70's 80's 90's so now we have the largest Turkish city on earth outside of Istanbul .. the migrants from North Africa are 89% Male's populating most of the adjacent mediteranean countries right up into Scandinavia. The social & cultural costs of integration is being paid daily as Per Bill's example .. the fault was leaving the boarders open for all and sundry to walk in get handed E212Euro a fortnight and free handy phones which they used to immediately take/send pictures of free money and pictures of European girls/women comfortably walking around until they aren't ..
empathy is fine when its not displaced my silly emotions of world improvers .. and you wonder why the UK and now France & Italy have reintroduced Boarder/Passport Controls against EU charter .. sadly the same people that created the problem in the USA are the ones to point it out to their NATO customers ..
I agree 'go after the fools trying to manage migration'- it is the politicians that we should be angry at.
For example, in the UK we have a lot of upset over small boat crossings. This political trope was created by the Johnson government and admitted by Dominic Cummings (the chief adviser) to be a ridiculous dead cat story initially; was then taken up as a serious problem/policy area by subsequent Conservatives and others. At the same time migration absolutely exploded from 240k in 2021 (already up from a steady 50k pre-2010) to 944k in 2023. Absolutely insane and absolutely political and planned.
They essentially asked people to worry about the thousands coming across in boats and assured everybody that they were deeply serious about solving this terrible problem whilst simultaneously and very quietly having a policy of massively increasing immigration from countries outside the EU.
Given this I think directing anger at a story (hopefully not embroidered) about some guys on a street corner is a waste of time and a similar distraction and that being aware of the political and economic machinations and reasoning behind this are much more useful. The type of analysis you would expect a macroeconomic expert to be able to make.
Thank you for sharing your story. We have had several visits to France, always too short. Our visit to Normandy was among the high points, staying in Bayeux, viewing the tapestry, attending the American Cemetery nearby, and visiting other markers from WWII. Your story brought back fond memories.
Our cultural diversity is "their" strength...
Hmm... a coded denouncement of a perceived enemy. Nice one!
...perceived?
What's alarming about Americans is this insistence towards diversity as always a good thing.
It's a noun, it is benign until applied.
The manner in which diversity is abused by liberals and immigrants.
It is likely more dangerous to the U.S. citizen than any adversary's military.
Of course it is.
Interesting but not informative
Like my old mentor commonly said, "could be". Cheers
A nice reminder of my own Normandy visits. Some of the best food ever. Thanks for the insight that "you don't know what is going to happen." Good to know your thinking is the same as my understanding. I hope the Bourgeois can feel less terrorized and the immigrants can commence honest constructive life, with motivation to get ahead and build on civilization. But at this point in this cycle my read is that immigration was an attempt to control the political scene which hence they lost to Trump and populism. Strangely it seems so many politicians feel they need to impose their ideas upon others only to achieve the opposite. It is so strange that voters evaluate and select politicians and get such foolish results.
Lucky Bill stayed safe in his car so he could make his hasty generalisation in comfort and peace and draw the big conclusion about immigrants from this one incident- having just said ‘if you think you understand what is going on, you don’t know what’s going on.’
That one incident illustrates the horror of what has happened to Europe due to unchecked immigration from the third world.
The problem with these sweeping statements and gross generalisations is that they are essentially populist rabble-rousing and ideological in character rather than fact-based, detailed analysis seeking to find the truth of the situation and best outcome based on the balance of probabilities.
This is a macroeconomic newsletter and we should expect that the method is to take in all the information surrounding a situation and carefully and methodically come to a full understanding of the situation and plot the best way to invest and position oneself. From this perspective being over emotional, being triggered, being overly nostalgic isn't helpful.
A lot of Bill's commentary about Europe is derogatory and caricatured, displaying a patrician arrogance; aimed at his American audience to make them feel good about their situation and think they compare favourably with Europe. A lot of his statements are not checked against reality and I can say that most of what he said about the UK on his recent visit was wrong in a very stupid way, holed up in cosy Central London with swivelled-eyed fear of a racist mobs pouncing on him at any moment. Good gonzo, bad macroeconomics.
Bill is a sort of libertarian Piers Morgan seeking to agitate people by bringing up hot-button issues and peppering his writing with logical fallacies for his seemingly gullible audience to react to. He repeatedly makes unproven claims based on single instances without fact-checking or nuance such as forming a judgement of the Argentinians' experience of Milei from a conversation with a taxi-driver and it seems a lot of people are happy to take this as truth because it confirms their own biases.
You have to admire Bill's skill at doing this!!
If you want to have a debate about immigration and social problems that's fine but it should be fact-based and productive not simply win-lose posturing.
For example, the immigration and money printing has been described as a function of demographics and the need to borrow to maintain the same level of public services, at the same time low cost workers are needed to maintain things. I’d much prefer an analysis of this.
While your points are useful for discussion and debate, the riots across Europe and Scandinavia speak for themselves. These are real people who have lost jobs and been victims of crimes. They are seeing their culture destroyed before their eyes by a third world "invasion" facilitated by their own governments. Imagine the frustration!
See Brien’s point from today’s discussion. The real problem is the terrible economy the elites have given us and they have caused the immigration problem due to the faltering economy and use its excesses to distract. If you want to research about this read ‘Irony and Outrage’ and ‘Chaos Machine’ to see how media creates the distraction. If you want to read about the economic effects read Porter Stansberry’s book then tell me if you have the same opinion.
Nonsense. "The Elites". "The Government". "The Uniparty". All convenient to blame fornthe mess we, as the voring public, have created by voting ever and always for jam today.
"But I didnt vote for them" I hear you squeal. But what did you do to convince your fellow voters they were wrong?
Or did you vote for any of the charlatans and legitimise them on the basis that they're the least worst option? Trump. Starmer. Macron. The list goes on. Left or right, we'll get what we deserve, not what we want or need.
I for one enjoy Bill taking his pin to the pompous bubbles of many of you who squat in his comments like we're here to read you like parasites.
A plague on all your houses.
lol someone’s fallen down the wormhole.. denouncing people who post as parasites whilst posting on a 4 day old discussion that everyone else has moved on from.. is that gross stupidity or gross hypocrisy?
Bill always great to go to weddings rather than funerals eh .. nice to hear that life in France has some semblance of normalcy given the chaos in most of its major cities. There can be no doubt that importing minorities from third/fourth world countries was and is a continuing festering sore that will turn into ugly social epidemics as the future of Europe evolves. The same views were held by my Prussian ancestors (now Poland) and there fast breeding ever growing minorities of primarily Balkan peasants (Jews Gypsies Muslims) seeking a better life in the more civilised countries of Europe. But now the price for buying in CHEAP labor is festering the social unrest that all of these imports wish to have equality with their current employers and ruling gentry but they want it now! and are not willing to invest or exert the effort and centuries of struggle that has enabled the gentry to now enjoy that quality of life that their parents sought It will be interesting to watch how these 'multi-ethnic-cultural' experiments evolve but I suspect it not going to be a peaceful social integration which will result in many similarities to 1933 Germany. When there are more Mosque's Temples than Churches, and underlying ethical moral foundation is being challenged that the modern 'gentry' are not going to accommodate.
No doubt that will cause greater social upheaval and cultural friction across all of Europe but maybe NOT Ireland ..?
Lol this is quite the polemic and a mix of skewed facts and false analogies. In my view, the main driver of the problems we have is the Cantillon effect and the perfidy of the elites. Why be angry at the poor people caught in the middle of this and not be angry at the financial elites and politicians who created the mess instead? Why not have some empathy and solidarity with ordinary people? Why not stop buying into the division narrative peddled by the media and newsletters?
You'll need to travel to Germany Italy France and all of Scandinavia to get a better idea of the social cultural financial problems of accommodating supposed "poor" people and go after the fools trying to managing migration .. which they are NOT ..
Muttie was a wonderful example of that in Germany as were previous Chancellors who thought importing over three millions Turks to power the automotive industry of the 1960's 70's 80's 90's so now we have the largest Turkish city on earth outside of Istanbul .. the migrants from North Africa are 89% Male's populating most of the adjacent mediteranean countries right up into Scandinavia. The social & cultural costs of integration is being paid daily as Per Bill's example .. the fault was leaving the boarders open for all and sundry to walk in get handed E212Euro a fortnight and free handy phones which they used to immediately take/send pictures of free money and pictures of European girls/women comfortably walking around until they aren't ..
empathy is fine when its not displaced my silly emotions of world improvers .. and you wonder why the UK and now France & Italy have reintroduced Boarder/Passport Controls against EU charter .. sadly the same people that created the problem in the USA are the ones to point it out to their NATO customers ..
I agree 'go after the fools trying to manage migration'- it is the politicians that we should be angry at.
For example, in the UK we have a lot of upset over small boat crossings. This political trope was created by the Johnson government and admitted by Dominic Cummings (the chief adviser) to be a ridiculous dead cat story initially; was then taken up as a serious problem/policy area by subsequent Conservatives and others. At the same time migration absolutely exploded from 240k in 2021 (already up from a steady 50k pre-2010) to 944k in 2023. Absolutely insane and absolutely political and planned.
They essentially asked people to worry about the thousands coming across in boats and assured everybody that they were deeply serious about solving this terrible problem whilst simultaneously and very quietly having a policy of massively increasing immigration from countries outside the EU.
Given this I think directing anger at a story (hopefully not embroidered) about some guys on a street corner is a waste of time and a similar distraction and that being aware of the political and economic machinations and reasoning behind this are much more useful. The type of analysis you would expect a macroeconomic expert to be able to make.
Thank you for sharing your story. We have had several visits to France, always too short. Our visit to Normandy was among the high points, staying in Bayeux, viewing the tapestry, attending the American Cemetery nearby, and visiting other markers from WWII. Your story brought back fond memories.