Christophe wrote: Bham, the article looks good things and ideas in their place: finance and speculation bring in more than industrial "wealth" or the stock market is NOTHING AT ALL without manufacturers...
+1
Christophe wrote:In other words, I have no action or savings: pkoi i would pay the wear and tear of others richer than me? We will have to broadcast a max this message ... and before receiving our tax sheets! Because there it will be too late!
Did you read my answer?
https://www.econologie.com/forums/le-pire-de ... html#99938
To rebound and support your request, I think that money / state aid should be put in relation to saving the banks / the financial system with the settlement of the public debt; the latter being due by the state to the banks, the state coming to the aid of the latter, it would be normal for the public debt to vanish.
Otherwise, the State will borrow from the banks the money needed to restart the banking system, ie that it will lend to Bank B the money it has just borrowed from Bank A, Banks A and B refusing to lend to each other; the banking system once saved by the loans it makes to the state makes the interest payments thereby increasing the debt. Although logically, borrowing interest should be paid by Bank B to Bank A, the State acting only as an intermediary; but then why are we told that we risk paying him our taxes?
In fact I am not sure that the state finds the money in the banks to save the banking system, what I know is that the banks no longer want to lend money to each other, due to a crisis of confidence (who say) and what causes an economic crisis; but the banks will probably not refuse to lend to the state since the state cannot go bankrupt. So if we push the reasoning a little further, the banks have a good game of causing this slump to increase the debt of the State; the state takes part of the banking power but also makes it pay to taxpayers; it's not very clear in my head yet but it smells like a scam.
What do you say?
Christophe wrote:Another cool article from the world of the day: Long live the crisis !!
It was while reading it that I discovered the article above.