Debate on debt and false pretenses

[phil53]

The debts can be compared with the production of nuclear electricity.
We don't care since in any case it is the future generations who will get rid of it. Unless it fires us to the g.
The managers and we even pass the hot potato to the next.
As long as it lasts!
The explanations that we can give it is mostly sales pitch so nobody wants to control it fairly.
When I think that there are polytechnicians who spend their time developing programs to be able to speculate on the stock market. Assuring without the slightest doubt that this back and forth from capitals creates value.
And socialists as well as those before do not want to question this way of thinking.
It takes growth as they say.
You talk about beautiful bullshit!

[Obamot]

You are right on the bottom.

For the form, we are the hostages of the banks! The only way out (it was understood by Hollande, he explained) must release the pressure on the markets ... Furthermore, the major part of the debt is made up of interest ( around 30% in Greece, madness).

Europe is the victim of a well-organized hold-up, of a system that the world of speculative finance has observed, since it had bet on the fact that Europe having settled in the paradigm of budgetary rigor (not more than 3% before the crisis ... this was the norm) would not allow states within it to go bankrupt. It therefore made sure to over-indebted certain states (the weakest ...) to hit the jackpot, since they knew very well that the central banks would go to the cash register. They had not foreseen that these same States would ask all or part of the cancellation of the debt!

In the meantime, finance continues to speculate thoroughly (we are in a "free" market, and money has no smell ... except that of blood.)

So indeed, to avoid the ransom of the banks. This is how it should be done, even if it is paradoxical => the offer will kill a demand satisfaction that has become a bit too “exclusive”. The introduction of eurobonds will ensure that every citizen will be able to invest in debt (those who wish) and not exclusively the banks which pull the chestnuts out of the fire. Thus, those who have speculated excessively will be on the verge of bankruptcy, should not play at the casino.

As an example, look at what is happening in the United States, they who are in debt to the level of world GDP ...! They are currently refinancing their debt with a very low dollar amounting to 2% interest ...

Do you find that normal?