In Europe, if you look closely, the situation is not so different for countries with mismanagement like France. There is no oil windfall to finance stupid expenses, but the implicit guarantee of a mass of docile taxpayers. And if the taxpayer snorted, there is still the recourse to the debt, placed by banks complacent.
Just before I left for Congo, one of my sons told me that he had obtained a 0.96% fixed rate credit over 15 years for a real estate purchase in Paris. Nowadays, in the developed countries, no one thinks in capacity of savings: "I am able to put X aside per
The Sound Money Defense League - which is campaigning for gold and silver once again being accepted as the official means of payment in the United States - has just won another victory: the state of Wyoming has passed a decree removing all tax on gold and
As an old teacher of algebra would say, it's like cabbages and carrots. The Fed is manipulating the price of carrots on the rise. Lovers of five vegetables a day then fall back on the cabbages whose prices rise in their turn. But the price of cabbage is not
Since the dawn of time, important contracts have been validated by religious or political authorities. Now, imagine for a second that the registers can not be falsified (even by governments). There is no longer need of seals, ministerial officers, scribes,
China subsidizes its steel exports, so what? This means that unfortunate Chinese pay taxes to make their steel cheaper abroad. Those who will be using this Chinese steel abroad will lower their production costs and benefit their happy customers. Why do you
If you want to "improve the world", do not be a politician, do not become an economist, do not have big ideas valid for everyone. Create a business, make sure your customers are satisfied.
Unexpected token in JSON at position 29
If long rates rise in the United States, it is the fault of the European Central Bank. Mario Draghi's purchases have dried up the European bond market. So, Eurozone investors will abandon the US bond and resume domestic securities.
Has the financial world become weird enough that the same causes do not produce the same effects? Let's start with a little quiz, dear reader. How well do you remember the early days of the subprime crisis?
A central banker is an extremely well paid biped who lives tax-free (because of his status as an international civil servant), responsible for covering up the stupidity of banks "too big to fail" and can delegate the privilege to lend money that does not
Since 2014, the state has the right to oppose foreign investment projects in the fields of energy, water, transport, electronic communications, public health, defense. But that was not enough. We added artificial intelligence, nanotechnologies, space and ...
Your French retirement account finances social housing, public planning and construction boards. Instead of being at the service of the driving forces of the economy (the companies), your money is used to finance future sources of cost for the taxpayer.
A little "volatility" and everything panics. The key of analysis is not in equity markets, in our opinion. It is in the bond market, in credit. The first bubble is the sovereign bond bubble swollen with bouncy interest rates. The second bubble is that of
These monetary policies are not made in the interest of the ordinary citizen, they are made by and created to serve the interests of the Parasitocracy. These elites refuse to give up control over the people's money, because it is this control which gives it
Does the fall of bitcoin mark the beginning of a new financial crisis? Whatever happens, gold today seems to be a very reasonable investment. Gold is both a material and tangible bitcoin. Those who have gold are solvent because they own a financial asset that
The most taxed country in the world can no longer properly maintain its road network. This is in black and white in the latest French Infrastructure Orientation Council report, which was handed out today to Minister of Transport Elisabeth Borne. Their
Washington wants to develop mini-nuclear weapons, what the military calls tactical weapons or theater weapons, used on the battlefield. Debt, the accumulation of win-lose contracts, the carelessness of governments, and mismanagement of public affairs always
Real capitalism is a myth. Savings and capital exist on the other hand, but they are manipulated, commandeered and drowned in monetary creation.
One suggestion: France should give up the Olympics. They have rather brought misfortune to their host country: bankruptcy of Greece, riots in Brazil ... Not a good long-term idea.
Some thought that a crash of bitcoin could degenerate into stock market crash. For the moment, it isn't so. True, some hedge funds and family offices lick their wounds with $358 billion gone in smoke in just a month. But for now, not enough to spread a global
"Major public works" have always been a strange grey area between politics and business. Massive contracts and a seemingly unlimited budget have persuaded many investors to think that this sector is safe... and stock prices have reflected that. However, if
It is almost the time when the Parisitocracy's best men stack their cashmere in suitcases, take their private jets and, in a big cloud of carbon emission, land at the Swiss resort of Davos to parade around at the World Economic Forum. Instead of discussing
The return of inflation and the rise in bond yields are two trends that have been taking shape since the beginning of the year and have the potential to completely disrupt your savings.