France: Understanding the Gilets Jaunes Uprising

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France: Understanding the Gilets Jaunes Uprising by Rex – Quod Verum

The vast majority haven’t been told the truth about life for ordinary citizens, in France. As a result, they don’t understand the significance of the violent ‘gilets jaunes’ protests across the country. Having lived in France for years, REX explains why these are the most important protests in France since 1968 – and likely a beacon for citizens all across Europe.

Millions of French citizens have been violently demonstrating across France for the last month.

They are known as the gilets jaunes, or “yellow jackets”. The protestors wear the yellow high-viz jacket, that is common on building sites and airports.

It’s a powerful totem for the French deplorables, a unifying symbol of ordinary, working class folk across the nation.

France is no stranger to organized protests, or as they are called, manifestations. These are a dime-a-dozen in France. Typically they are union-engineered strikes, used as a weapon in the never-ending negotiation between organized labor and the French state.

Forget what FakeNews is telling you. This is no ordinary manifestation.

This is a genuine uprising by millions of city and country folk, young and old, crossing different ethnic and cultural lines.

Macron’s diesel tax hike wasn’t the cause of the gilets jaunes movement. It was the spark detonating a bomb, that has been building for decades.

It is the first time since 1968, that France has seen such a genuine and uprising popular uprising, against the French state.

This protest is different. And it has very specific, historic reasons, as this article will reveal.

The Real France

Think you know the real France? Here are a few facts that may shock you:

      •        • The French state has been bankrupt since 2004. A minister finally admitted it in 2013.
      •        • French GDP hasn’t risen above 2% in 50 years. Yes – FIFTY. The average annual GDP growth rate between 1949-2018? 0.78%.
      •        • In 2018, 14% of the population in France live below the poverty line (they earn less than 60% of the median income).
      •        • Worse, more than 50% of French people have an annual income of less than €20,150 a year (about $1,900 US per month).
      •        • The ‘official’ unemployment rate is 10% – about 3.5 million citizens (in reality, it’s much higher).
      •        • The youth unemployment rate is 22%. Yes, you did read that right.
      •        • Astonishing but true: the French government employs 25% of the entire French workforce…and it’s impossible to fire them.
      •        • Because the citizens make such little money, they pay no tax. Less than 50% of French pay any income tax at all; only around 14% pay at the rate of 30%, and less than 1% pay at the             rate of 45%.
      •        • The government can’t deliver services without taxes, so it borrows money. France’s debt-GDP is now 100%.

Another revealing statistic: “structural unemployment” is now at 9 -10%. That statistic measures when it is impossible to find people who have the skills and qualifications, to fill available positions. Why? French kids aren’t being educated to participate in the workforce. So even if France has a growth spurt (it won’t), they won’t have the labor to fill the new jobs.

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The Daily Coin

Rory Hall, The Daily Coin. Beginning in 1987 Rory has written over 1,000 articles and produced more than 300 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Silver Doctors, SGTReport, and a great many more. Rory was a producer and daily contributor at SGTReport between 2012 and 2014. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Don't forget to visit The Daily Coin and Shadow of Truth YouTube channels to enjoy original videos and some of the best economic, precious metals, geopolitical and preparedness news from around the world.