global revolution

Recession. Revolution. Recovery.

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– Saturn Devouring His Son (image above) is the name given to a painting by Spanish artist Francisco Goya. It depicts the Greek myth of the Titan Cronus, who, fearing that he would be overthrown by one of his children, ate each one upon their birth. 

Deny it all you want, but the global economy appears to be headed into recession. It became clear the cycle had started to turn once the FAANG stock bubble popped and the U.S. stock market plunged 20% late last year. The optimists among us insist this is merely a growth scare or blip as we saw in 2016, but that scenario looks increasingly unlikely.

As usual, the bond market tends to give us signals before more obvious evidence emerges. As such, I received a lot of insight from the following tweet.

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Can the ‘Yellow Vests’ Protests Go Global?

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When it comes to the relationship of U.S. citizens to the politicians and bureaucrats in Washington D.C., there’s no indication that anything remotely resembling self-government is happening. Rather, the relationship is far more like that of a servant to a master.

From the October post: Americans are Stuck in Abusive Relationships with Power

The gilets jaunes, or “yellow vests” protests, emerged seemingly out of nowhere about a month ago and have in a few short weeks shaken the French political power structure to its core. Just yesterday, the exceedingly unpopular President Macron cried uncle and offered a series of concessions to the protesters. Many commentators have come to the simplistic and erroneous conclusion that violence works, but it wasn’t the burning cars or streets filled with tear gas that really scared Macron and the people around him. It was something much deeper than that.

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Saudi Human Rights Lawyer and Activist Jailed for 15 Years for Free Speech Under New “Anti-Terror” Law

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Screen Shot 2014-07-07 at 11.14.53 AMBack in April, I published a post titled, Saudi Arabia Passes New Law that Declares Atheists “Terrorists.” In it, I highlighted an article from the UK Telegraph which noted:

In a string of royal decrees and an overarching new piece of legislation to deal with terrorism generally, the Saudi King Abdullah has clamped down on all forms of political dissent and protests that could “harm public order”.

The organization said the new “terrorism” provisions contain language that prosecutors and judges are already using to prosecute and convict independent activists and peaceful dissidents.

Concerns that this law would be used to silence dissent and crackdown on basic human rights were apparently well justified, as the Wall Street Journal reported today that a Saudi court has sentenced human rights lawyer and activist Waleed Abu Alkhair to 15 years in prison for “inciting public opinion,” i.e., effectively utilizing free speech. The WSJ reports that:

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