Holland

Poverty, poverty on the wall, the French aren’t even the worst of all

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Why are we surprised at the yellow vest uprising across France? Poverty/risk of social exclusion across Europe has continued to spiral upwards since the Global Financial Crisis (GFC). There were 78mn living below the poverty line in 2007. At last count, Eurostat notes that number was 118mn  (23.5% of the European population). In the Europe 2020 strategy, the plan is to reduce that by 20 million.  37.5mn (7.5%) are living in severe material deprivation (SMD) , up from 32mn in 2007.

The SMD rate represents the proportion of people who cannot afford at least four of the nine following items:

  • having arrears on mortgage or rent payments, utility bills, hire purchase installments or other loan payments;
  • being able to afford one week’s annual holiday away from home;
  • being able to afford a meal with meat, chicken, fish (or vegetarian equivalent) every second day;
  • being able to face unexpected financial expenses;
  • being able to buy a telephone (including mobile phone);
  • being able to buy a colour television;
  • being able to buy a washing machine;
  • being able to buy a car;
  • being able to afford heating to keep the house warm.

The French are merely venting what is happening across the EU. The EU could argue that at 18% poverty, the French should be happy compared to other nation states. Europeans aren’t racist to want a halt to mass economic migration when they are the ones financially struggling as it is. Making economic or compassionate arguments aren’t resonating as they feel the problems first hand.

Is it a surprise that the UK, at 22.2% poverty, wanted out of the EU project to take back sovereign control? Project Fear might be forecasting Armageddon for a No Deal Brexit but being inside the EU has hardly helped lift Brits from under a rock. Why would anyone wish to push for a worse deal that turns the UK into a colony?

Why is anyone surprised that there has been a sustainable shift toward populist political parties across Europe? Austria, Italy, The Netherlands, Poland, Hungary, Sweden, Germany…the list goes on. Even France should not forget that Front National’s Marine LePen got 35% of the vote, twice the level ever achieved. Is is a shock to see her polling above Macron?

The success and growth of EU-skeptic parties across Europe will only get bigger. The mob is unhappy. Macron may have won on a wave of euphoria as a fresh face but he has failed to deliver. He may have suspended the fuel tax hikes, but the people are still on the street in greater numbers. He has merely stirred the hornet’s nest. Perhaps UK PM Theresa May should take a look at the table above and realise that her deal will only cause the UK to rise up. At the moment sanity prevails, and when it comes in the shape of Jeremy Corbyn that is perhaps a sign in itself.

The power of last place at Invictus

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Here is a picture of Dutch Invictus athlete, Alina Zoet. She was in the Women’s Heavy Weightlifting today. She finished stone cold last. However she got the biggest cheers and dragged out what is so important at Invictus. She had to bench press 50kg.  She failed first go. When she failed the second time she burst into tears as a failure. Distraught wasn’t even close to capturing her emotions. The packed crowd applauded her none-the-less. She was giving her best

Third attempt. Bundle of nerves. Crowd going absolutely bonkers in support.  Then silence as she prepared her last attempt. The bar comes down.  Her left side was letting her down again. The crowd goes completely apeshit as she battled with the bar. Two whites and one red light. Alina has done it! While the Aussie lifters cleared the podium for medals everyone in that hall knew the biggest winner had been the last place. But a personal best and tears of being unconquered. An emotional moment.

We got to congratulate her afterwards and she was overwhelmed with tears of joy. It was powerful.

As a general observation just wandering around the games, the sheer number of prosthetic limbs boggles the mind. Yet those who have them aren’t moaning about all the garbage that clogs our social media feeds on how hard we think we have it. We’ve got it easy.

Deepest respect for those who serve.

Actions speak louder than laughs

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While the mainstream media has blown much hot air about the UN GA audience laughing at POTUS during his speech, where was the very same audience backing the poster boy of virtue signaling and globalist politics? Here is a picture of Canadian PM Trudeau addressing the UN General Assembly during the Nelson Mandela Peace Summit on Sep 24th. Worse, a whole section of them are on their mobile phones. As impolite as deleting/sending emails during the speech of any world leader (or anyone for that matter) is, at least being laughed at suggests the audience was paying attention to the content, as ridiculous as anyone may have made it out to be. As much as Trump’s boasting and glass jaw were on full display, it was standing room only, because love or hate him, his words have global ramifications.

While French President Macron might have sounded sensible castigating Trump’s America First view as fanning the flames of nationalism around the world, perhaps he might have reflected on the shift toward populist parties across Europe occurring well before either took office. Macron should remind himself that anti-EU leader of the far right Front National, Marine Le Pen, achieved twice the vote ever achieved by her party. 35%.

People may not have noticed but Sweden’s newly appointed PM Stefan Lofven has lost a no confidence motion yesterday. The right leaning Sweden Democrats achieved the fastest growth in the Sep 9 election, taking almost 18% of the vote from 12.9%, holding the balance of power despite the establishment is reluctant to wed . All the while,  3 weeks have passed and a no confidence motion has occurred.

Italy is now run by an anti-EU M5S & anti-immigrant League coalition. Austria voted in a EU-skeptic party led by a 32yo Chancellor Sebastian Kurz. The Brits voted for Brexit. The Dutch awarded the fastest growing share to platinum haired Geert Wilders’ Freedom Party. The Hungarians and Polish have openly told Juncker where to stick his views on forced migration. Even Chancellor Merkel had the worst showing of her party in 70 years as the anti-immigrant Alternative for Deutschland took 13% of the vote, achieving 94 seats in the Bundestag mostly at the expense of Merkel’s CDU & former European Parliament President Schulz’s SPD.

Poor old Justin Trudeau had a member of his own party, Leona Alleslev, defect to the Conservatives stating she was ‘concerned about the government’s handling of the economy.’ It is one thing for the opposition to berate the government for poor stewardship but it is deeply embarrassing to lose people from one’s own party due to a lack of confidence.

So yes, we can collectively laugh at Trump for his bluster, chest beating and itchy Twitter fingers, but one would hope the mockers at the UNGA would glance in the mirror and realise that their constituents are becoming ever more disillusioned with the establishment they represent. These are the same people that bashed the president for calling out their lack of commitment to NATO, with 23 nations well behind promises made of their own volition 12 years prior. Could it be that for however abhorrent they might find the current leader of the US, he is calling many out on their failure to hold up their end of the bargain?

At the end of the day, no matter what one’s personal feelings for Trump may be, we have to live with his decisions. He is far from perfect. Yet instead of the predictable constant drone of noise following his speech, perhaps countries would be better off putting aside personal differences. Rather than crossing fingers in hope he maybe impeached so they can go back to the status quo and live the very lies he has exposed in his almost 2 years in office. Now that type of hypocrisy is truly laughable. Indeed the very fact that out of touch politicians can mock in such a manner shows just how badly they stink at relaying the very messages they think resonate with the public.

EU – 1.3m abortions, 5m births p.a.

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Eurostat statistics on abortion reveal that Germany, France, UK, Spain and Italy alone terminate a combined 760,000 fetuses per annum. Across the EU-28 there are 1.25mn terminations. Without getting into a debate on abortion rights, the pure statistical number points to 20.4% of fetuses never make it out of the womb alive. Every. Single. Year. At that rate over 10 years that is 12.5 mn children that could have added to EU population sustainability do not occur but the EU seems to think embarking on mass migration is the only solution to plug the gap. Is it? Ironically child support is one area the EU is happy to cede control to individual Member States.

The fertility rate across the EU-28 is now 1.58 children per woman, flat for the last decade and down from 2.9 in 1964. Demographers suggest that a fertility rate of 2.1 is required in developed world economies to maintain a constant population (in the absence of any migration). The number of live births in the EU-28 peaked in 1964 at 7.8 million. In 2017 this had fallen to 5 million. There was a brief period (2003-2008) when live births in the EU-28 started to rise again, returning to 5.5 million by 2008 but the GFC sent it down again – as economic hardship tends to cause a decrease in births. So are economic incentives too low to cause a rebound?

France has the best incentives for children and the highest birth rate inside the EU at 2.0 up from 1.7 in the 1990s. Germany is around 1.4 drifting from 1.6 in the 1990s. The lives for child rearing French are eased by cheap health care, inexpensive preschools – for infants as young as 6 months old – subsidized at-home care and generous maternity leave. Mothers with three children can take a year off of work – and receive a monthly paycheck of up to €1,000 from the government to stay home. Families get subsidized public transportation and rail travel and holiday vouchers.

In order to stop the declining working population over time, imagine if Europe hypothetically put the onus back on consenting couples to take responsibility for their actions and makes abortions harder to access without compulsory consultation over options? Why not graphically show the entire process to get some sense of reality for both parties? You can gross yourself on this link.

Perhaps, in today’s electronic world, automatically deducting child support from fathers that run from responsibility might make sense? Why should the state pay for others’ lack of accountability? Even if the child is placed in foster care, why not wire child support to foster parents indirectly via the Ministry in charge of its administration? The population crisis is not going away in Europe. Why not provide more incentives to married/same-household couples?

Mathematically speaking the numbers are huge. Imagine if the million-plus fetuses every year had a vote to be raised with foster parents as opposed to being terminated, what they would choose? Consider the €23bn Merkel has spent on mainly economic migrants in the last 2 years being put toward preventing 200,000 abortions in Germany over that period? €115,000 to avert each one might have been better spent. That is a huge sum of money period.

CM is not advocating control over the womb but surely transparency in policy over individual responsibility is not a bad thing with respect to many issues, not just abortion. What level of economic incentives are required to prevent some couples/women choosing to terminate? Surely that plays a part in deciding to terminate. Consultation services with respect to the subject don’t seem too commonplace or at least structured in such a way as to prevent them.

According to Eurostat, since 1964 the divorce rate in EU-28 equivalents has doubled and the marriage rate has halved. For every eight marriages in 1964 there was one divorce, now there is one divorce for every two marriages.

The proportion of births outside of marriage now stands at 40%, from 27% in 2000 to less than 7% in 1964. 8.8 % of the EU-28 population aged 20+ lived in a consensual union (de-facto). In Japan the number of births out of wedlock is 25% according to the MHLW. The dynamics of the traditional nuclear family are fading.

51% of the Swedish population is now single household. 51%! While some is attributed to an aging population, 19 of the EU-28 members has a single household ratio of over 30%. 12 over 35%. By way of comparison, Japan’s single household ratio stands at 34.6% from 27.6% in 2000.

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To further analyse the new ways of living together and to complement the legal aspect, statistics on consensual unions, which take into account those with a ‘marriage-like’ relationship with each other, and are not married to or in a registered partnership with each other, can also be analysed.  Sweden (18.3 %) has the highest rate followed by Estonia (16.4 %), France (14.3 %) and the lowest in Greece (1.7 %), Poland (2.1 %), Malta (2.5 %) and Croatia (2.9 %).

Is employment a factor?  It is mixed. Eurostat reported in Germany, the fertility of non-employed women has increased and that of employed women decreased, while in Spain, the opposite occurred; in Greece, the total fertility rate (TFR) of non employed women fell below that of employed women, changing from a positive differential of about 0.2 average live births.

Is education a factor? Apart from Nordic countries (Denmark, Finland and Norway), Portugal and Malta, in general, women with lower education had higher TFR between 2007 and 2011. Eurostat state the fertility of women across the EU over the same period with a medium level of education dropped by about 9%, while the decrease for women with high or low education was less significant.

Eurostat argues that economic recessions have correlation to falling child birth rates. Apart from the direct impact of economic crises at an individual level, the economic uncertainty that spreads during periods of hardship seem to influence fertility. From this point of view Eurostat believes the duration of a crisis may play an important role and, the duration and the depth of the current recession are unprecedented in some countries. The agency states,

The expected relationship is that negative changes in GDP correspond to negative changes in the TFR, possibly with some delay, thus showing a high positive correlation at particular lags. The correlation with the TFR is relevant in Spain and Latvia without any lag; in Bulgaria, Poland and Romania with one year of lag; and in the Czech Republic, Denmark, Estonia, Greece, the Netherlands, Finland, Sweden, Iceland, Norway and Croatia with two years of lag. Taking the overall average across countries, a change in GDP is mostly positively correlated with a change in the TFR within about 19 months.”

Do we cynically argue that stagnant child birth rates aren’t just a factor of societal changes? Perhaps a truer reflection on the higher levels of poverty in the EU since GFC and the harsh realities for a growing number of people behind the growing levels of populism who are suffering greater economic hardship than statisticians are presenting to the political class? Hard decisions must be made before they are made by external factors.

Slovenia slaps the EU too

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Slovenia has joined the list of populist movements. In 2000, there were 4 countries in the EU that had populist coalitions/majorities (Lithuania, Latvia, Switzerland & Austria). Scroll forward to today we have 15 (the previous 4 countries + Poland, Norway, Czech Rep, Italy, Slovenia, Hungary, Greece, Slovakia, Crete, Bulgaria, Romania). Neighboring Bosnia and Serbia are also populist led. We shouldn’t forget the in the populist/nationalist party surges in The Netherlands, Germany and France . Perhaps more amazing is that the EU still isn’t getting the message, most highlighted by the push to get the President of Italy to put in charge a non-eurosceptic former IMF employee as PM. That’ll work.

So to Slovenia’s election. The Slovenian Democratic Party (SDS) topped Sunday’s election on 25%, handing the anti-immigrant party 25 seats in the parliament. Center-left LMŠ, led by comedian and political satirist Marjan Šarec, came in second on 12.7% (13 seats), and the Social Democrats third on just under 10% (10 seats). SDS leader Janez Janša acknowledged forming a governing coalition will be difficult.

Juncker typified all of the arrogance that has propelled so many anti-establishment parties to power. He said, “Italians have to take care of the poor regions of Italy. That means more work, less corruption, seriousness.” Stereotyping rarely helps. Juncker also made clear that Italy’s problems are not the EU’s fault.

Time and time again, when studying poverty within the EU, the overwhelming number of countries inside the bloc remain worse off than in 2008. Growth rates remain anemic. If you were to look at a map of the floodgates of illegal immigration (which Deutsche Bank published) it isn’t a surprise that the local populations are voting for those governments that will seek to look after the citizens first. So before casting aspersions on a growing number of EU citizens’ assessment of the human rights of asylum seekers, the reality is that the socialists within the EU are clearly utterly dreadful at messaging and even poorer in execution. Then again Baroness Thatcher warned them of that in 1990.

Domestic Violence & Child Abuse – a global issue

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Domestic violence and child abuse – inextricably linked to the breakdown of families. Two distasteful topics to be sure and the stats seem to be getting much worse. In 2015 authorities in the US recorded 3.4mn child abuse investigations from 3.1mn in 2011. For 2015, a nationally estimated 1,670 children died of abuse and neglect, mostly at the hands of their mothers. Alcohol, drug and other substance abuse has been a contributing factor. DV hotlines in America receive approximately 20,800 calls a day according to the National Coalition Against Domestic Violence. In 2016, 57,335 URLs contained child sexual abuse imagery and 2,416 domain names worldwide were linked to this content. This is a 21% increase from 1,991 in 2015. Until recently, most child sexual abuse images were found in the US(57%), but Europe now hosts 60% of all material. 21,000 of these sites are run out of The Netherlands. Internet Watch Foundation (IWF) notes a 258% increase in new website domains being bought specifically to show the abuse of children.

Even in peace loving Japan, domestic violence (DV) has seen a very sharp upturn according to the National Police Agency this week. DV reached almost 70,000 recorded cases in 2016. Between 2010 and 2016, victims of DV have doubled and over 4x since 2005.  The Ministry for Health, Labor & Welfare (MHLW) has 208 child consultation centres which fielded over 88,000 cases in 2014, a 20.5%YoY increase or 22x the level of 20 years ago. Child pornography cases continue to rise in Japan too from 1,342 in 2010 to over 1,800 in 2014 . While a law was passed in July 2014 banning possession of child pornography, sentences only carry a maximum 1 year jail sentence or ¥1mn fine. Sexually explicit manga, anime and computer graphics which display child pornography are exempt because lawmakers view these as outside the scope of real children.

In Australia some 264,000 DV incidents were recorded in 2015.  In 2016–17, about 72,000 women, 34,000 children and 9,000 men seeking homelessness services reported that family and domestic violence caused or contributed to their homelessness according to the Australian Institute of Health and Welfare.

The number of children receiving child protection services in Australia has risen by about 20% over the past 4 years—from 135,000 in 2012/13 to 162,000 in 2015/16. Nationally, emotional abuse was the most common primary type of abuse or neglect substantiated for children (45%), followed by neglect (25%), physical (18%) and sexual abuse (12%). Overall, just over half (51%) of children who were the subject of substantiations were girls (23,000 compared with 22,200 boys). Girls were almost twice as likely to have a substantiation recorded for sexual abuse than boys (16% compared with 8.5%). Boys had slightly higher rates of physical abuse, emotional abuse and neglect than girls (19% compared with 18%, 46% compared with 43%, and 26% compared with 23%, respectively.

According to the American Society of  Positive Care of Children (ASPCC), 14% of all men in prison and 36% of women in prison were abused as children, about twice the frequency seen among the general population.

The Department of Health & Human Services notes that child abuse reports in America involved 7.2 million children. More than one-half (54.1%) of perpetrators were women, 45% of perpetrators were men, and 0.9% were of unknown sex. The majority of victims consisted of three ethnicities—White (43.2%), Hispanic (23.6%), and African-American (21.4%).

According to the American Academy of Pediatrics, children born with fetal alcohol syndrome may develop learning and behavior problems including hyperactivity, poor concentration, and memory problems. The National Institute on Drug Abuse of the National Institutes of Health conducted a study on neonatal abstinence syndrome and determined babies suffering from opiate withdrawal were more likely to have low birth-weight and respiratory complications. 11,000 babies are born to crack dependent mothers each year and cost the state $750mn p.a. to treat. Victims reported with the alcohol abuse child risk factor during their first year, 87.9% of the victims were reported during their first month of life.

These trends are worrying. As an increasing number of countries make it easier to divorce by offering extra support to single parents, responsibility and accountability are being cast aside. The government essentially endorses families to split and get the single parent to marry the state. 40% of White and 70% of black households in America are now single parent. In Japan one quarter of families are now single parent. As we wrote last week, children that grow up in single parent households are far more likely to suffer emotional problems and issues with self-esteem.

Since 2007, the rate of suicide deaths among children between the ages of 10 and 14 in the US has doubled according to the Center for Disease Control Prevention(CDC). Most children under 13 who kill themselves are boys: 76% of those who died in 1999-2015 were male. Since 2014, suicide has become one of the leading causes of death in children aged 10-19 in Japan. 60% of the children and 46% of the young adolescents in the US who died from suicide had problems with friends or family members. School problems and recent crises were noted as common triggers.

Per our previous post, the police department that encouraged school kids to walk up to and communicate with outcast kids as opposed to walking out on school would have far more positive long term impacts. Yet authorities seem more keen on policing political correctness. Running school programs that reinforce ideals of celebrating identity politics that openly discourage traditional families.  Reading through the many years of warnings both school authorities and law enforcement/intelligence authorities had prior to the Parkland, Florida shooter, Nikolas Cruz, committing his schoolyard rampage the egg-shell culture of not tackling his issues head on led to a potentially avoidable tragedy. Yet in today’s culture shaming innocents, scapegoating unrelated organisations, vilifying corporations and pushing expedience after the fact take priority to taking responsibility and looking at ways of preventing the root cause rather than the method.

After reading through these depressing statistics, it is not too hard to envisage things going from bad to worse from here. It isn’t just an American issue but a global trend that only gets harder to treat the longer it festers.

If the status quo is so good why would we vote out the incumbents?

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Almost everywhere we look, we’re told by the political class how good our lot is. Our blessed Aussie PM told us, “It has never been a better time to be an Australian.” Boosted asset prices, low unemployment and tepid inflation gives the illusion of real wealth for everyone. As an electorate, if all of that were true, why wouldn’t we be going out of our way to make sure the status quo gets voted back in with similar if not greater majorities? As it stands, more and more incumbent parties are hanging on by their finger nails, being forced to create alliances to stay in power rather than stick to the principles their parties were founded on. The irony is that these grand coalitions are formed on the tenets of ignorant ‘un-populism.’

The latest election cycle shows us that a growing number of people aren’t buying mediocrity. They’re sick of incumbent politicians ignoring them. The current crop of leaders seem to think that being less worse than the opposition is a virtue to be proud of. Yet poverty levels continue to rise and wealth is not trickling down to the masses. Even rising state entitlements have a finite life and the electorate knows it. Being married to the government is not seen as a desirable strategy long term. Deficits keep rising and look increasingly hard to pay down.

Searching through the St Louis Fed database, civilian employment under Obama managed to grow 2.5% on pre-crash levels. So the US loaded up on $9 trillion in short term debt to create 4 million net new jobs. That works out at $2.25 million per worker. Hardly an achievement. Yet despite that economic growth has dithered at the lowest post recession rates ever. As much as we might want to celebrate record low unemployment these are not proud statistics. The quality of jobs keeps going down. $8.4 trillion of this federal debt load needs to be refinanced inside 4 years. $12.3 trillion inside 10 years. While politicians can call the average voter stupid, the daily struggles of the average punter shows how out of touch the law makers are. This was the grand mistake made by Clinton. While she hung out with her elite mates at $1,000 plate dinners in Democrat strongholds in LA, NY and Chicago expecting a coronation, Trump hit the little people and had crowds flocking to see him.

While Trump’s trade tariffs seem daft on the face of it, it was done for the forgotten people who voted for him. He is not concerned about the consequences. That’s the point. So much of his platform appears abhorrent but he is the only politician in danger of being raked over coals for keeping his promises. That’s why he was elected. The status quo had failed to deliver over decades. 80% of the population didn’t benefit from the asset bubble post GFC. The 1% took 42% of those gains. The average Joe and Joanne see this. While they might not fully comprehend it they know enough to see their situation is not much better.

Take a look at Trudeau’s India debacle. Apart from the embarrassing wardrobe saga, the bigger problems came when he blamed the Indians for letting a known terrorist attend a state dinner. The Indians, unsurprisingly, were most unhappy at the accusation. Many look to Trudeau as the posterchild of the left, pushing peoplekind. Telling Canadians that he will convert returning ISIS fighters with haiku poetry, podcasts and comparing them to Italian migrants at the end of WW2 is utterly preposterous to his constituents. Telling his veterans they’re asking for too much flies in the face of love of one’s country. No wonder his popularity continues to dive. His speech to the UN – where he rattled off how Canada was ticking all the UN diversity boxes – was only a quarter full. Not even his own liberal mates rallied to show unity in numbers. It was telling that virtue signalling is all about appearing to do good rather than doing it.  Yet the day before Trudeau presented, Trump spoke of America First and the audience was packed. They might have hated every word that dripped from his tongue but they didn’t miss it for the world. It is hard talk. Not carefully prepared politically correct nonsense.

Take the recent European elections. Germany gave Merkel the worst ever performance of the CDU post WW2. The SPD was even worse. The anti-immigrant AfD stormed to 16%. Is it any wonder that when Merkel’s misguided altruism  showed up on Election Day even she finally conceded we have a problem with “no go zones”. Some may wish to look at the Merkel miracle of growth and low unemployment but the public service in Germany has exploded from 9% pre 2008 crash to 16% today. Not private sector growth but public sector.

The Italian election showed over 60% of the vote went to eurosceptic parties. While volatility has always been a feature of Italian politics, this results showed the discontent underbelly of Italy which has seen poverty jump 50% to one third of the population since Lehman collapsed. While M5S said it wouldn’t form a coalition, all bets are off if it tied up with League. There are plenty of overlaps on the party platforms but the M5S would have to insist on the PM role. The EU would go into a tailspin on such news.

Austria voted in a wunderkind who put the right wing anti immigrant FPO in charge of immigration. Holland saw Wilders claw more seats. Nationalist Marine LePen in France doubled the number of seats ever attained by the Front National. Even Macron is changing his spots looking to introduce national service and take a harder line against migrant crime.

Whether the real statistics of migrant crime are wholly accurate or not is beside the point. It is increasingly seen as an election issue and more EU countries have had enough. They feel their lot is getting worse and view forking out billions in aid for people to settle here is pennies out of their pocket. If the stats are as the government sugar coats them to be in terms of the prevailing prosperity surely the citizens would overwhelmingly back them. Sadly the opposite is true meaning politicians aren’t selling their “compassion” effectively. Too many examples of gagging the police and muzzling the press have surfaced.

That is the thing. If the economy was rosy and bullish and more people felt secure there is a likelihood they would look at the immigration debate in a more positive light. All they see now is millions flocking to Europe as poverty is on the rise and the economy is on the back foot at ground zero. European EU-28 GDP hasn’t grown since Q4 2015. Despite a quadrupling of ECB assets net jobs created post GFC numbers 4 million, labour force participation remains below the peak. However we should not forget that Romania and Bulgaria joined in Jan 2007 and Croatia in 2013 which would add (at a 50% employment ratio) c.20mn meaning that employment in the EU on a like for like basis as a whole is down 16mn jobs ceteris paribus. Even if only Croatia was included then net jobs creation in EU-28 would be a paltry 2mn, or a smidgen above 1%. Anemic.

Yet the political class still doesn’t seem to be learning, especially the EU. Poland and Hungary have formed a pact to reject proposed quotas on migrants. The EU has failed to address the most important question. The wishes of the migrants themselves. It is one thing for the EU to appeal to voters as saving asylum seekers from war torn lands (when 80% are economic migrants by the EU’s own numbers), it is another to forcibly send them to countries that flat out don’t want them. Ask for a show of hands of asylum seekers looking to stay in Germany or head off to Hungary to settle and the likelihood is 100:0. Trying to make Hungarians or Poles feel guilty for being incompassionate is a price they’re clearly willing to pay with losing EU membership. Would we take kindly to a neighbor telling us how to arrange our furniture in the living room or sign a petition to prevent us building extensions even though it is not even in their way? Of course not. Still wagging fingers in disapproval is only likely to steel their resolve.

Flip to the Southern Hemisphere and Australian politics is also exposing the sordid state of the swamp. 5 PMs in 10 years. Now the Deputy PM has had to resign to the back bench and in a last ditched effort to claim some sort of moral high ground with the staffer he was having an affair with. He claimed he would still look after her even though a paternity test might show the kid wasn’t his. What a grub and a slap in the face for his partner to imply she may have been promiscuous. Once again the popularity of the incumbent parties in Australia continues to sink to all time lows. The Labor Party looks to have the next election in the bag but even then the popularity of the opposition leader is woefully tiny.

While the world seems to be in this state of blissful tranquility on the outside, we needn’t probe too deep before seeing how bad things continue to be on the inside. The little people may not have any financial fire power but at the ballot box they have an equal opportunity to stuff those that aren’t listening. Once again Italy shows us it wants change. Call it populism if you must but it is truly a reflection of just how bad things really are and how little ammunition to deal with any future crises remains. The little people are raising their voices. Best heed their words. It is the same reason why as zero chance as Trump looks in 2020, don’t bet against another 4 years in the White House. If the Dems hope that celebrities that talk of #METOO and gun control (all the while they attend Oscars semi-naked and collect their millions doing action films full of explosions and automatic weapons fire) will sway them to a return to the swamp they’re sorely mistaken.