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Some.ask the question "what is dignity?" In his moral philosophy, Kant investigated what gives humans absolute value. He famously answered that things have either a price or dignity.
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Echoes of 2008, although an unwind of the yen carry trade and bond markets dumping French debt makes the timing "unfortunate".
🚨 FED RUSHES INTO MAJOR BANKS AS PRIVATE CREDIT DEBT BOMB THREATENS FULL MARKET LIQUIDITY COLLAPSE
The New York Fed is already inside JPMorgan, Wells Fargo, Barclays, and Morgan Stanley inspecting their loans to private credit firms because those firms are about to get crushed rolling over hundreds of billions in debt at today’s punishing interest rates.
Companies that borrowed cheap a few years ago now face refinancing walls where rates are far higher. Their cash flows cannot cover the new payments, so the private credit lenders that own the loans are marking them down and struggling to fund themselves.
Banks that lent to those private credit firms are sitting on the collateral. When the Fed starts asking about collateral quality and counterparty exposure, it means the overnight funding desks are already hearing stress.
If one large player cannot roll its paper, the banks holding the other side of those trades get hit at the same time.
This freezes repo markets, forces fire sales of bonds and loans, and turns a private credit problem into a market-wide liquidity seizure.
This is the exact transmission path that turns isolated losses into a systemic funding crisis.
This was exactly warned the famous City of London banker @LordBelgrave at the start of year.
The rollover wave is here now. The Margin Calls are about to show up.
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Dublindrake 🇮🇪 🇪🇺 🇫🇷 retweeted
To love someone is to learn where they’re most fragile, and then to be gentle enough never to hurt them there again. 🤍
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Dublindrake 🇮🇪 🇪🇺 🇫🇷 retweeted
A los 18 años, mientras el resto del pop francés celebraba el baile y la euforia del movimiento yé-yé, Françoise Hardy decidió romper el molde y cantar sobre el vacío de un domingo por la noche...
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Dublindrake 🇮🇪 🇪🇺 🇫🇷 retweeted
“Envy is a declaration of inferiority.”
— Napoleon Bonaparte
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Dublindrake 🇮🇪 🇪🇺 🇫🇷 retweeted
Ten filmik z Francji przeraża chyba najbardziej…
Community note
Ten filmik nie pokazuje strajku we Francji w 2026 r., lecz protesty przeciw reformie emerytalnej w Bordeaux w marcu 2023 r.
youtube.com/watch?v=OVCmF_…
news.com.au/world/europe/c…
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Dublindrake 🇮🇪 🇪🇺 🇫🇷 retweeted
"Solía tener miedo de estar solo. Ahora tengo miedo de tener a la gente equivocada a mi lado".
Yukio Mishima
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A powerful and troubling contrast between two versions of France
Two images of France, less than a week apart.
One rejects her Christian inheritance and the civilization it helped build. The other recalls France as the Church’s eldest daughter—defending human dignity, order, beauty, and peace.
Two visions. One nation. Which way, French man?
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Last time we saw this ballooning out of yields was the eurocrisis. It heralded austerity measures particularly in the periphery. But none was the size of France and nor was it contemporaneous with US yields also ballooning. Not a good story for the world
This should be one of the biggest stories in the world right now.
🇺🇸 U.S. 10Y: 5.34%, highest since 2002
🇬🇧 UK 30Y: above 6%, highest since 1998
🇯🇵 Japan 10Y: around 3%, multi-decade highs
🇫🇷 French risk premium: back near euro-crisis levels
The bond market is starting to question the debt of developed governments everywhere.
Yet outside financial media, almost nobody is talking about it.
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The riots need to be stopped urgently. The bond market doesnt approve and could exact a very heavy price on France and the eurozone
France-Germany 10Y spread less than 40bps away from taking out sovereign debt crisis highs. Europe once again on the verge of the abyss, and desperately in need of QE although soaring inflation means "nein"
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Dublindrake 🇮🇪 🇪🇺 🇫🇷 retweeted
Muslim parents "demanded" a ban on pork at a school in a city in the Netherlands.
The mayor of that place responded with wise words!
"Muslims must understand that they must adapt to the Netherlands, their customs, their traditions, their way of life, because it was the country they chose to emigrate to.
They must understand that they are the ones who must integrate and learn to live in the Netherlands.
They must understand that they are the ones who must change their lifestyle, not the Dutch.
You must understand that the Dutch are not racist or xenophobic.
We accept many immigrants, from many countries with different cultures and religions, which are Islamic countries that do not accept non Islamic immigrants.
Therefore, the Dutch are not willing to give up their identity and their culture.
In conclusion, they must understand that in the Netherlands, with their Jewish Christian roots, Christmas trees, churches, and religious parties, the religion must remain in the Netherlands.
For Muslims who disagree with the Dutch culture and religion and do not feel comfortable in the Netherlands, there are 57 beautiful Muslim countries around the world, most of them populated and ready to receive them with open arms, according to the sharia.
If you leave your country to come to the Netherlands, and not to a Muslim country, it is because you have seen a better life in the Netherlands than where you come from.
THIS IS THE WAY TO TREAT PEOPLE COMING IN THAT ARE THEIR TO DESTROY OUR COUNTRIES! IF YOU DONT LIKE IT? GO HOME!
Community note
「市長がムスリムからの要求をはね除けた。給食から豚肉を除けという要求だった」とは2013年頃から発生し、以後何度も繰り返し発生しているデマです。そのようなオープンレターは存在しませんし、そもそも給食に豚肉禁止を要求したというムスリムすらいませんでした。
ファクトチェックした記事のリンクは以下です。
leadstories.com/hoax-alert/202…
snopes.com/fact-check/bel…
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Le marché traite la dette souveraine française comme une dette de catégorie spéculative (« junk »). Si les agences de notation lui emboîtent le pas, des ventes forcées s'ensuivront.
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