Brazilian real falls 10.74% against US dollar in ECB reference-rate data. $EWZ -19.6% on the day

The govt financing situation in France is getting dire. France already taxes take 52% of GDP. 57% of govt spending goes to the public. Debt is unstable with OAT-Bund spread reaching 172 bp -- widest since 2011 Euro crisis.

Our indicator for tracking spikes in $VXX $UVXY $UVIX from 13 years ago is still 👑. It measures the MACD of the VIX futures roll yield --> when negaive it means the M1 M2 contango spread is widening (VXX trend ↘️). --> when positive it means the contango spread is narrowing (VXX trend ↗️) It shifted to positive Oct 13 when VXX @ $16.68

NGL, things are looking slightly terrifying

Irrational investors lose every time.

Our GEX map today $SPX showing 7770 resistance

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Opportunities abound to make some money

French history gives their people an identity blueprint for expressing grievances. And the historical background is terrifying and insane. 1) take to the streets 2) challenge authority 3) defend the republic against a betrayal of its promises. Follow that script back to its origins. The twists are absolutely brutal. In 1789, crowds storm the Bastille, challengeing a system built on royal power and inherited privilege. The promise is liberty. In 1993 the revolution starts consuming its own. Defending liberty becomes the justification for mass arrests and executions. Danton, a revolutionary leader who urges moderation, goes to the guillotine. Robespierre helps drive movement (known as the Terror) until his colleagues turn on him. He follows Danton to the blade. Tens of thousanda die in a civil war and unstable government. Then, a successful young general offers something desperately appealing: order. Napoleon Bonaparte seizes power in 1799. By 1804, he’s the emperor. Eleven years after executing a king, France has another hereditary ruler. Then Napoleon’s empire collapses. In 1814, the executed king’s brother, Louis XVIII, takes the throne. Except Napoleon isn’t finished. He escapes exile, returns to France, and regains power. Waterloo ends the comeback. The king returns. Again. Another revolution in 1830 removes one king and installs yet another In 1848, that king falls too. This time, France elects a president. His name? Louis-Napoleon Bonaparte. Napoleon’s nephew. He stages a coup, then becomes Emperor Napoleon III in 1852. A republic has elected the man who will replace it with an empire. Only after his defeat in war in 1870 does France return to a republic without another king or emperor taking over. This wasn’t one population endlessly changing its mind. Rival factions, foreign armies, hunger, ambition, and fear all shaped the outcome. But the recurring temptation is familiar: overthrow those who abuse power, endure the upheaval, then entrust extraordinary power to whoever promises to end it.

It takes a really long time for the average person to realize that leftist governments actually did willingly import military aged men from Islamic countries who are determined to destroy Western culture. But it is crystal clear what is happening in France right now.

A significant event in history is taking place in France as Islamists attempt a full takeover. This is an actual national crisis that will have major impact across Europe.