france8217s-yellow-vests-fuel-tax-hike-triggers-poverty-finances-war-and-the-public-debt-8211-global-research

09-12-18 08:36:00,

The US media upholds France’s President Macron against the Yellow Vests Movement, which it describes as “Climate Deniers”.

The New York Times upholds fuel tax hikes as a carefully designed economic policy to fight global climate change.

It’s a lie. 

Hikes in the fuel tax applied Worldwide in more than 120 countries are part of a package of deadly macro-economic reforms which serve to impoverish large sectors of the World population.

The hike in gasoline prices translate into increases in the price of food, transportation and essential goods and services. It undermines the productive structure. It leads to collapse in the standard of living.  

The Yellow Vest protests in France against the fuel tax increase are casually described by the media as “the biggest obstacle yet to attempts to encourage conservation in alternative energy use.”

Taxing fuel is upheld an instrument to “alleviate climate change to the benefit of humanity.” (NYT, December 6, 2018).

What nonsense!

Washington Post headline, December 4, 2018

The public is misled. The climate change consideration is a smokescreen, a pretext to repress the protest movement.

What is the Objective of the Fuel Tax:  Debt Servicing and the War Economy

President Emmanuel Macron is an instrument of the financial establishment, a former employee of the Rothschilds, acting on their behalf, enforcing a profit driven macro-economic agenda as well boosting the revenues of the military contractors.

The tax on fuel serves the interests of powerful creditor  institutions. The tax proceeds will be channelled into servicing France’s spiralling public debt which is  estimated at 2.2 trillion euros, equivalent to 96.8 percent of GDP. Annual debt servicing obligations of the French Republic are staggering. The entire fiscal structure is in crisis.

“War is Good for Business”

The tax on fuel will also serve to finance mounting military expenditures (in excess of 30 billion euros per annum in 2017) in support of France’s participation in NATO’s various  “peace-making” initiatives  in Eastern Europe and the Middle East.

Clamping down on the Yellow Vest protest movement is intimately related to the War Economy.

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