These Politicians Are Pillaging French Homes

27.09.2017 • Switzerland

Henry Bonner – Council and Strategy Letter (Switzerland) –

Events take their time … the day’s rise takes one more hour … and the cold slows down people’s steps … Winter coats come out of the wardrobes … and bathing in the lake is becoming scarce …

The days continue to succeed each other … the market swells … Macron delivers plans for growth and investment … Anne Hidalgo reflects on the reforms on the city of Paris.

Without having a car, the idea of ​​walking, or riding a bike – without the exhaust and noise of the horns – does not displease …

On the other hand, the projects of renewal and improvement of the city of Paris have the almost certainty of ending in disaster or in failure … and to cost an arm to the taxpayers.

Without the ability to fail, no project can work … Progress is made by trial and error … and not by enarque and polytechnic decisions …

The plans of “renewal” for Paris – and most cities – have nothing of trial and error … of progress by iteration …

Instead, they have objectives … ideologies … and especially billions of euros to the key to enrich a minority to the burden of the taxpayer … via contracts for works … the services of consulting boxes and architecture … and the regulations to the state agencies having the hands in the process …

The leaders – Hidalgo, Macron, and others – can not change this reality … even if they accept it. The leaders must make sure that money flows … They have to open the taps thoroughly … Otherwise, a revolution would be fermented among the millions of civil servants, enarques, lobbyists – creatures of the State …

A leader with a little restraint or morality would be under the assault of a horde of denisons of the state … and under the media bundles trying to pull up the passions of the crowd.

As a result, politics represents a race to the bottom. Dishonesty and duplicity serve to reach the top … Knowing how to stand on the side of the powerful takes place # 1 in the minds of the participants.

The virtue serves only to slow the ambitions …

Cowardice, indifference, and lies come from instinct.

How Crises Occur …

Finance, investment, the business of “money” – on Wall Street, London, or La Défense – represents more and more of the GDP of the countries …

The industry of the issuance of bonds and shares, the investment of wealth, and the sale of derivatives and products continues to take up more space …

According to the laws of the economy, an industry grows in generating value … but the profession of finance can not have aspiration to create wealth …

In general, in investment, no one can surpass the performance of the average … Nobody can predict, in advance, how the markets will behave … and how the events will take place in the future.

The industry continues to grow because assets have been steadily increasing in value for nearly 40 years …

Equities, real estate, bonds – all investments, wholesale – have yielded returns for the individual futures …

Banks, investment boxes, consulting boxes, or traders – all have benefited from a portion of the increase in asset prices, and the expansion of debt over the years …

After so many years of growth, rising prices seem to last forever … Janet Yellen, leader of the Fed in the United States, even claimed not to expect to see crisis during her lifetime …

The geniuses of finance justify the growth of the sector, not by recognizing the exceptional situation, but by speaking of “value creation …” of innovations … and “stability” in the market.

Before the 2008 crisis, Wall Street gave as a cause of growth the stability of the real estate market … and the wisdom of the Fed.

Before the collapse of 2000, the media and financiers talked about the internet and “the era of computing.”

Each time, an unparalleled situation has assumed an aura of normality … an explanation … even if the innovation existed before 1999 … and even if people were buying houses before the early 2000s …

Today, the media and financiers find explanations for the situation … to give it an air of naturalness, immortality …

The state-owned banks – the Fed, the ECB, and the Bank of Japan – have swelled an unparalleled credit bubble in the history of mankind … they even lowered interest rates below zero % …!

Today’s commentators support state banks … as they support efforts towards the “progress” and “renewal” of the city of Paris …

They support the objectives … and they are offended by criticism.

Like the construction of a HLM City, the efforts of the ECB and others find their support among the deniers of the State and the media …

The common people have no say in them … It does not matter to them if they would prefer to let things flow out of their sandstone … It does not matter to them if they would like to see their currency gain in value over time – have nothing to do … Promoting inflation, on the other hand, allows them to create mountains of debt, and print billions of euros.

The money goes out of state banks and goes to the assets – the bonds, stocks, or real estate … The common people do not suffer inflation in principle – but its entry cost to participate in a business, or buy a home, climbs …

His savings have little value outside the world of shopping and bills. For size purchases – real estate, corporate shares, or coupons – the state bank bar her way, their loans at 0 rate replacing her savings …

In the end, its assets and its purchasing power leave its hands to find itself between those of a banker, a financier, or a creditor – having access to the cash flow out of the ECB and others.

Once again, the leaders did their best to open the faucets … and to sink the money.

What to do…?

Money control allows the state to redirect wealth into an economy – removing it from ordinary people to give it to an elite …

You can get some of your money out of the system by having gold …

Bitcoin could take more scale also as a way to store value. China has recognized the threat of currency for its power … As in 2014, the authorities attacked crypto-currency. Bitcoin fluctuates around the 3,200 euros since.

Eventually, according to events, the advent of crypto-currencies could mark a “turning point” in the distribution of goods and wealth in the economy …

Without the ECB to redirect the purchasing power of individuals towards institutions, assets could stop rising in value … the good could fall … and real estate could hang.

The leaders could try to block the use of bitcoin and cryptos … prohibit companies from accepting it as payment … and to force banks to denounce their customers using bitcoin …

They can not control bitcoin, but they can tackle individuals.

For now, however, the game of the ECB continues without change … and bitcoin is still not afraid. 
Truly,

Henri Bonner

-Read more at www.lettre-strategie-conseil.com-

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