"Blood and Fire" in France

France today, America tomorrow? ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ The struggle for the future is being fought in France right now. According to France's Interior Ministry, about 740,000 people are on the march, protesting raising the retirement age to 64. That's actually down from a million a few days ago. There were 119,000 in Paris alone less than a week ago, though that number is down somewhat now. The protests have become increasingly violent, forcing French President Emmanuel Macron to cancel a state visit from King Charles III. He's been huddling with his top advisors trying to find a way to survive the crisis. Workers are scheduled to return to their jobs today, according to the CGT union, though it's unclear if that will end the crisis. Macron's interior minister has painted it as a threat to the Republic itself. "They come to destroy, to injure and to kill officers and gendarmes," the minister said. "Their goals have nothing to do with the pension reform. Their goals are to destabilize our republican institutions and bring blood and fire down on France." Macron's approval rating has declined to just 27%. For comparison, President Joe Biden enjoys a 40% approval rating. Yet one could argue that this reform is necessary. Labor Minister Oliver Dussopt said the pensions deficit is going to reach $13 billion annually by 2027. "Do they imagine that if we pause the reforms, we will pause the deficit?" Budget Minister Gabriel Attal put it even more starkly. "If we don't do [the reforms] today, we will have to do much more brutal measures in the future," he said. However, it's the young who are the most opposed to the reforms. An astonishing 83% of those aged between 18-24 are against the way the government raised the retirement age without parliamentary opposition. In truth, there probably is no solution. Under the democratic system, there's no reason for a politician to cut entitlements. Such a politician will not be rewarded, even if that's the right move from the perspective of the state's long-term interests. Yet the problem will remain. The numbers won't change. It's naïve to think the same problems aren't coming for the United States. Unfunded mandates, entitlements that can't be sustained, and skyrocketing levels of both consumer and government debt mandate a crisis. That said, investors should be cautious. My entire life, people having been saying "the collapse" is nigh, and somehow it never happens. Our leaders may kick the can down the road for a very long time. They may even get away with it. But they can't get away with it forever. Eventually, the crisis will come - and when it does, the opportunities and dangers will be boundless. The Reckoning can't be forestalled forever. Keep Moving, Corey Snyder Publisher, Rogue Investing PS. Even in an atmosphere of crisis, you can still win. I've been doing it by trading just one stock. Using my proprietary Dragnet, I nailed more than 250 winning trades in one year. It's simple, it's effective, and it can be yours. [Click here to secure the next batch of trades.]( ) WORD ON THE STREET PARA Up, Barr Wants Regulation, SBUX Finally Gets Grilled - "Strengthen Capital And Liquidity Standards" - As expected, Federal Reserve official Michael Barr slammed Silicon Valley Bank for its practices that led to a collapse that stunned the financial sector. However, in response to tough questions from Senator Elizabeth Warren (D-Mass), Mr. Barr also said more regulation is on the way. "I anticipate the need to strengthen capital and liquidity standards for banks with over $100 billion," he said. - Paramount Global Jumps On BoA Upgrade - A Bank of America analyst upgraded PARA, sparking a 3% increase and further gains after-hours. Interestingly, the main selling point is the possibility of a breakup or a sale. "It is our view that PARA has a unique collection of assets that would generate significant buyer interest if ever put up for sale in pieces or whole." - BoA analyst Jessica Reif Ehrlich - Under The Gun - Seriously, Howard Schultz literally tried to quit to get out of this, but it looks like he is being dragged before Congress anyway. He will reportedly testify before the Senate today on Starbucks's labor policies, and Senator Bernie Sanders (I-VT) is gunning for him. The company is in a full-scale crisis and unionization drives are sweeping locations around the country. - Manufacturing Up In March - According to figures from the Federal Reserve Bank of Richmond, manufacturing activity in the Atlantic region of the country increased modestly this month. Factory activity is still contracting, but the rate of decline has reduced to a negative five on the Fed's scale compared to a negative 16 the previous month. HOT SPOTS: What's Going on in Geopolitics - Israel On Brink Of Civil War - Don't take it from me. Take it from Prime Minister Benjamin Netanyahu, who is pausing his plan to reform the judiciary after massive public protests. "When there's an opportunity to avoid civil war through dialogue, I, as prime minister, am taking a timeout for dialogue," he said. He's promised to a reach a deal with the opposition this summer. - China Warns Speaker Of The House Against Taiwan Meeting – Speaker of the House Kevin McCarthy (R-CA) has already backed down from traveling to Taiwan to meet with its president. However, the People's Republic says that is not good enough. "If she [Taiwanese president Tsai Ing-wen] contacts US House Speaker McCarthy, it will be another provocation that seriously violates the one-China principle, harms China's sovereignty and territorial integrity, and destroys peace and stability in the Taiwan Strait," said a spokesman from China's Taiwan Affairs Office. - Russia Fires Supersonic Missiles Off Japanese Coast - The Russian Navy fired Moskit supersonic anti-ship missiles at a mock target in the Sea of Japan. The Russian Defense Ministry claimed success in the test. Japan noted that Russian naval activity has increased in the region. CUTTING EDGE: What[']( )s Happening In Tech - Apple Becoming A Bank - Well, kind of. Apple has introduced its Pay Later service, which allows users to break up payments into four parts with zero interest over six weeks. Apple will essentially be offering small loans of between $50 and $1000 for purchases. - AI Could Replace 300 Million Jobs – According to a report from Goldman Sachs, AI could replace the equivalent of 300 million jobs. However, the report stresses the positive side, suggesting AI could boost global economic value by an astonishing 7%. - Oh Good, AMC Rumors Going Nuts Again - AMC stock was up over 13% during the trading day after rumors that Amazon might be interested in buying the theater chain. Of course, it seems like this rumor comes around every few months. Still, it was enough to get the stock price to close at $5.15. A long way from meme stock peaks but you take what you can get FOR YOUR CONSIDERATION --------------------------------------------------------------- “In the Great Depression of 2023, a hashtag may be the catalyst that finally sets it all off.” There's a crisis in the financial sector... but it's different this time. The fundamentals aren't that bad. The experts say the market is acting irrationally. And they are blaming... social media?!? Mr. X breaks down the online chaos that could fuel the next bear market. [SOCIAL MEDIA AND "SENTIMENT CONTAGION"]( ) Enjoying Dawn Report? Learn something, made some money? SHARE YOUR STORY WITH US OR TELL US HOW TO SERVE YOU BETTER. Let us know at info@rogueinvesting.com You’re receiving this email because you're signed up for alerts from Dawn Report. Make sure to keep them coming by [whitelisting Rogue Investing]( ). 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