Yellow Vests: Shockwaves felt across the continent

Yellow Vests: Shockwaves felt across the continent by 

When the first demonstrations on the streets of Paris were reported seven weeks ago, nobody could have foreseen the endurance, the tenacity and the viral effect of the Yellow Vests movement. After all, the French are known to protest and to strike, it’s part and parcel of their culture. However, by the time this article is being written, protests, marches and demonstrations have broken out in a multitude of European cities.

Why was it different this time?

To begin with, it is worth taking a closer look at the situation in France, the point of origin of this “contagion”. There are a few very important elements that set the Yellow Vests apart from past protesters. For one thing, unlike previous demonstrations, this one wasn’t led by the unions, nor was it organized by any identifiable political body. The protesters had no unified or homogenous political beliefs, party affiliations or ideological motivations. In fact, through interviews and public statements of individuals taking part in the demonstrations, it would appear that any organized elements, or members of the far-left or the far-right were a slim minority among the protesters. And while those few were the ones largely involved in the violent clashes with the police and the destruction of private and public property, the crushing majority of the Yellow Vests were peaceful, non-violent and largely unaffiliated with any particular political direction.

As the movement grew and spread, many political figures have tried to co-opt it, without success. Front National’s Le Pen, hardline leftist Melenchon, far-left factions and various union leaders, all tried to place their flag on the Yellow Vests, claiming that they align with and can represent their grievances. They all failed. The Yellow Vests might contain individuals with all kinds of political inclinations, but as a whole, the movement remains apolitical, and if anything, suspicious and hostile to the political class in its entirety.

The common denominator

The evolution of the grievances themselves is also of particular interest. What started as a protest against a new fuel tax, gathered momentum and ended up being about the economy, the cost of living and the public resentment toward the establishment. These underlying problems that the Vests are protesting against are far from unique to France.

Even though Yellow-Vest-inspired protests were reported in many European countries, the most extensive demonstrations took place in Belgium, Hungary, the Netherlands and Spain. The causes and aims of most of these protests were not aligned with their French counterparts, as the citizens of different countries had different grievances. For example, in Belgium the focus was on immigration and in Spain on the Catalan independence. With the notable exception of the Hungarian protests, that we will look into later, the rest of the demonstrators’ complaints did have one thing in common: No matter what headline issue their complaints were wrapped in, the core problems were largely of an economic nature, while they also targeted the political class that is widely seen as being out of touch with reality.

The corrosion of purchasing power, the ever-increasing taxation levels, the restriction of business and free markets through regulations and manipulations, are issues most of us face in the West. Add to that mix the surge in immigration of the past years and the projected nonchalance of the political leaders, and it’s plain to see how discontent came to its current boiling point. During the demonstrations, the French chanted “Couper la tête du roi!” (cut off the king’s head!) and the sentiment appears to be shared by their protesters across Europe. Only in France, over 4,500 people have so far been arrested in connection with the Yellow Vest movement, in an environment highly corrosive to “Liberté” and “Égalité” and toxic to “Fraternité”. The combination of these issues manifests in a decrease in the quality of life of all citizens, however, it is the working and the lower-middle class that feel it the most. And it is these citizens that have been taking their grievances to the streets over the last two months.

Continue Reading / Claudio Grass>>>

Sharing is caring!

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.