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Three trillion: the secrets of a bankrupt state
Three trillion: the secrets of a bankrupt stateAssociated Taxpayers - November 11, 2023
The Taxpayers Associated film
At a lively pace and in an educational approach, mixing analyses, expert testimonies and graphics, the documentary 3 billion: the secrets of a bankrupt State aims to explain to the French the debt cycle and how we have come to this. But also to push political leaders to act, as the situation is so serious.
CONTENTS
00: 00 Introduction
11:28 Chapter 1: Tax, elected officials, public service
24:47 Local authorities
37:35 Chapter 2: Expense control
53:46 State management
1:08:33 Chapter 3: The public expenditure matrix
1:18:46 The French health system
1:27:48 Chapter 4: Debt
1:36:58 The consequences of non-payment of debt
SPEAKERS
Jean-Marc Daniel - Economist and essayist - Professor at ESCP
Christian Saint-Etienne - Economist and essayist - Professor at CNAM
Marc Touati - Economist and essayist - ACEDFI Director
François Ecalle - Former general rapporteur of the Court of Auditors - President of FIPECO
Édouard Balladur – Former Prime Minister (1993-1995)
Benoît Perrin – Director of Taxpayers Associés
Virginie Pradel - Tax lawyer - President of the Vauban Institute
Olivier Babeau - Economist and essayist - President of the Sapiens Institute
Jean-Michel Fourgous - Mayor of Élancourt, former deputy
François Facchini – Professor of economics at Paris-Sorbonne University
François Lainée – Consultant, Data Expert
Jean-Baptiste Leon – Publications Director of Contribuables Associés
Benoîte Taffin - Former mayor of the 2nd arrondissement of Paris
Paul-Antoine Martin – Engineer and essayist
Hervé Novelli - Former minister, deputy and mayor
Charles Prats - Former magistrate of the National Delegation for the fight against Fraud (DNLF)
Pr. Michaël Peyromaure - Head of the Urology department at Cochin hospital and essayist
Lisa Kamen-Hirsig – Teacher and essayist
Author-Director: Charles Thimon - Producer: Charles Guillemin
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Is it cheaper to fly to Poland to do your shopping?
Is it cheaper to fly to Poland to do your shopping?Insolentiae – Nov 08, 2023
This story is mind-blowing and it reflects the madness of our world. “Taking a plane to go shopping in Poland… Two Englishmen demonstrate that it’s cheaper than the local supermarket.”
Faced with the inflationary crisis affecting Great Britain, a duo of English Youtubers recently went to Poland to do their shopping. Despite the price of plane tickets, the two friends got it for less than in Great Britain.
Inflation on foodstuffs does not only concern France. Across the Channel, a duo of Youtubers caused a sensation this week after demonstrating that it was cheaper to take the plane to go to Poland to do your shopping, rather than going to the local supermarket.
In a video published on YouTube this Wednesday, November 1, we first see Josh & Archie, 1,5 million subscribers, going to the checkout in a Lidl store in south London, in Clapham. The price announced on the receipt after purchasing a set of 135 products appearing in the average basket established by the government: 164,47 pounds sterling, or 188,77 euros.
“Highlight a ridiculous situation”
For the same shopping list, the duo spent just 96,75 pounds sterling (111,05 euros), in Poznan, Poland. By adding the price of Ryanair plane tickets (47 pounds sterling, hold luggage included on return for one of them), but also the cost of accommodation for a night via Couchsurfing (8,55 pounds sterling); Josh & Archie even managed to save £11,14 at the end of their trip!
“This is not a suggestion on how people can save money,” said the two young men, interviewed by the DailyMail. But rather an approach aimed at highlighting the ridiculous situation in which we seem to find ourselves in the face of the evolution of inflation. »
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Everything is “Ponzi” in the economy… or almost!
Insolentiae – Nov 07, 2023
You often hear the expression it's a "Ponzi", a "Ponzi scam", a "Ponzi" scheme or even a "Ponzi scheme", a "Ponzi chain", a "Ponzi" fraud or a Ponzi scheme.
Officially, this is a fraudulent financial arrangement which consists of remunerating clients' investments essentially with funds provided by new entrants. If the scam is not discovered beforehand, the fraud comes to light when the system collapses, that is to say when the sums provided by the new entrants are no longer enough to cover the customers' remuneration. . His name recalls Charles Ponzi who became famous after setting up an operation based on this principle in Boston in the 1920s.
To put it more simply, I remunerate or reimburse the deposits of the first with the deposits of the following while there is no creation of value.
You're going to tell me that you have to be really stupid to be fooled...
First of all, it's not that simple, and the "scams" are always brilliantly executed. It is often difficult to detect them, especially when our capacity for judgment is clouded by profit and greed.
Second, the economy is a huge Ponzi scheme.
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The economic crash of the electric car
The economic crash of the electric carGeolintel - Oct 29, 2023
The automobile industry is forced to slow down the electrification of its models.
This is the trend that predominates in the United States, and throughout the world, company managers are increasingly worried about customer rejection and the exorbitant prices of spare parts such as batteries.
Mary Barra, CEO of General Motors, admits abandoning her initial goals for producing electric vehicles. “As we move forward with the transformation to electric vehicles, things get a little more complicated.”
Elon Musk, leader of electric cars in the United States, signaled that the economic crisis would lead to a drop in demand. The CEO of Mercedes Benz described the electric car market as “brutal” with cars costing thousands of dollars more than thermal models.
Inflation will have been the pivot of the fall of the electric vehicle, supply and demand still dominate the automobile market, and when the consumer no longer has the means to buy a vehicle, it is the manufacturer who suffers. .
In addition, the electrification of the charging station network is late and continues to be supported by diesel generators which are easy to install on the motorway network. The European Parliament passed a law to install a charging station every 60 kilometers by 2026. But three years is an eternity, and drivers can't wait that long.
A journey in an electric car is a delicate experience where the pleasure of driving fades after a quarter of an hour to find the locations of the charging stations. A journey in an electric car is also lengthened by the recharging time which is long compared to the time it takes to fill a petrol tank. The electric car only had an urban future consisting of short journeys and less need for recharging.
As of October 31, 2023, auto insurance prices will skyrocket.
The tax exemption on insurance contributions (TSCA) for electric vehicles will end on December 31, 2023. A subsidized economy does nothing good, on the contrary it distorts the market creating an illusion for buyers. Let's also not forget the increase in the price of electricity which will make a full electric tank more expensive than a full tank of gasoline. Macron's government has asked insurers to moderate their prices in the face of the significant rise in inflation.
Ticket machine and terminal for electric cars.
Philippe Saby, general manager of the broker Sally Azar gives us an example of an increase:
“This can represent a 27% increase in the comprehensive insurance premium.”
The insurer's problem is also to prevent fires caused by electric battery fires when the car is in the garage of the house. This specific case de facto leads to an increase in home insurance of around more than 5%.
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Vanguard: Massive investment in China
Vanguard: Massive investment in ChinaFrance Evening - 19 Oct 2023
“Tens of billions of dollars” invested by Vanguard in China, notably in military companies that “threaten the security of the United States”
Vanguard's investments in Chinese military companies go down badly in the United States. According to the report by a bipartisan American organization, the world's number 2 in asset management, after the all-powerful BlackRock, has invested in more than 2 Chinese companies, including around sixty subsidiaries of the military-industrial complex. Vanguard says it maintains “the highest levels of compliance with all applicable laws” but the Coalition for a Prosperous America (CPA) believes that “national security” and “the economic well-being of the United States should be the priority,” in a context marked by strong tensions between Washington and Beijing.
Just like its direct competitor, BlackRock, Vanguard is an investment fund that manages $7 trillion in assets for a portfolio of 200 million clients. These two financial leviathans hold shares in the largest companies in the world, such as pharmaceutical laboratories (Pfizer of which he is the largest shareholder, Jonhson & Johnson, Moderna, AstraZeneca and Sanofi) or tech or other companies (Microsoft, Meta , Alphabet, Netflix, ExxonMobil...). With State Street, these three giants form the “Big Three”, holding 30% of American ETF (Exchange Traded Funds) assets.
The omnipresence of BlackRock and Vanguard in the majority of the world's largest companies is such that some see it as an economic danger. And the Chinese military-industrial complex, one of the world's largest employers in the sector, is no exception.
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Putin touches diesel, the West is in trouble
Putin touches diesel, the West is in troubleSophie Décrypte - Sep 27, 2023
Discover Putin's latest maneuver that is shaking the world! Is Russia really cutting off diesel supplies? Prices are skyrocketing, and Europe is first in line
In this video, we analyze how this strategic decision by Russia could change the global economic situation.
Inflation, recession, and the impact on global markets: everything is covered. Don't miss this in-depth analysis of Russia's new economic weapon.
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Too few booster doses: Moderna plunges on the stock market
Too few booster doses: Moderna plunges on the stock marketDigital Dawn - 20 Sep 2023
Moderna plunges after Pfizer finds only 24% of Americans seek anti-covid booster doses.
The shares of mRNA manufacturer Moderna – best known for being one of the main sponsors of the US Open tournament, won by Novak Djokovic, who was not vaccinated and was unable to participate in the tournament in due to its refusal to succumb to Moderna's product alone and Democratic brainwashing – fell 9%, the biggest intraday decline since August 7, making it the worst performer on the S&P500 and Nasdaq 100. Aug. 7, making it the worst performer on the S&P500 and Nasdaq 100, after rival drugmaker Pfizer released forecasts for how many Americans are likely to get the recently approved Covid-19 vaccine. And yes, shares of Pfizer and BioNTech also fell.
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We will be able to sell fuel at a loss!
Insolentiae - Sep 19, 2023
Generosity of the government with other people's money!
Distributors authorized to sell fuel “at a loss” for “a few months”, according to the Elisabeth Borne announcement.
Selling at a loss is prohibited except when it suits the government!
“In an interview with Le Parisien dated Saturday September 16, the Prime Minister announced “that exceptionally (…) and over a limited period of a few months”, mass distribution brands will be able to sell fuel at a loss, while the law has prohibited them since 1963. The stated objective is to “lower prices further”. “With this unprecedented measure, we will have tangible results for the French, without subsidizing fuel. Purchasing power is our fight,” assures Elisabeth Borne. »
The head of government, however, ruled out any idea of reducing taxes at the pump. “Everyone takes their part. It's normal to involve large industrialists. The State's responsibility is also to reduce its deficit and its debt,” she explains. »
The government's brilliant idea?
Be generous with other people's money!!
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The new totalitarian agenda revealed
Geolintel - September 18, 2023
Globalism revisited
In July last year, as the hype around the Covid pandemic faded, I came across a video promoting a barely publicized project called the Council for Inclusive Capitalism. inclusive capitalism). This group, led by Lynn Forester de Rothschild, is the culmination of decades of various globalist agendas combined to represent the ultimate proof of the conspiracy.
Remember when it was said that global governance by elites was a paranoid fantasy?
Today it is a reality.
Founder and co-chair of the EL Rothschild Chair and Council for Inclusive Capitalism, Lynn Forester de Rothschild, says it is time to trash the term “ESG” and focus on corporate sustainability. (Source: Bloomberg)
The ICC is closely linked to institutions such as the World Economic Forum (WEF), the United Nations and the International Monetary Fund (IMF), but above all it is an attempt to link all these organizations more closely to the world of the company within the framework of a joint venture. The group encourages the spread of what it calls “inclusive capitalism.” This is the notion that international companies are forced to engage in social engineering. This is another way of saying that corporations are required to manipulate citizens and governments through sanctions and economic retribution.
We saw this program in action during Covid lockdowns and the implementation of vaccine passports. These strategies are the result of the cooperation of multinationals working hand in hand with governments. Fortunately, this strategy failed with opposition from the people and local administrations.
We have also seen inclusive capitalism manifest in the pressure on big companies to adopt common strategies in environmental, social and governance (ESG). Most readers are probably already familiar with ESG, but it should be remembered that the public was unaware of its existence until the last two years. Globalists have been developing ESG rules since 2005. As WEF's Klaus Schwab notes in his book Stakeholder Capitalism:
"The most important feature of the model of inclusive capitalism today is that the challenges of our system are now on a global scale. Economies, societies and the environment are more closely linked to each other than there is 50. The model we present here is therefore fundamentally global in nature, and so are the two main stakeholders.
What were once considered externalities in national economic policymaking and individual business decision-making will now need to be incorporated or internalized into the operations of every government, business, community and individual. The planet is therefore at the center of the global economic system and its health must be optimized in the decisions taken by all other stakeholders.
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G20 meeting in India: a big slap in the face for the West
G20 meeting in India: a big slap in the face for the WestEquality and Reconciliation - September 13, 2023
Despite the ousting of the two bad students – according to the American supercharger – Putin & Xi, the G20 did not give birth to an environmentalist delirium and an anti-Russian position in the conflict in Ukraine.
The G20 is not the BRICS, but India, courted by the major Western countries as the new Asian pivot that can counterbalance Russian-Chinese power, has done as it pleases.
Biden believed he had bought Modi with his sumptuous reception in June 2023 at the White House and his integration into the Quad (USA, Australia and Japan, i.e. the anti-China front), but the latter remained firm on his neutral line. The big loser, or rather the little loser, is still Macron, who leaves with nothing in his suitcase in terms of condemnation of Russian aggression and the climate.
India has more diplomatic weight than France now, but it is not because Modi's country is 21 times more populated than Macron's, it is because he is playing a part that we have abandoned , that of independence, balance and peace. The Quai d'Orsay, nibbled by the neocons, can eat them up.
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France: spectacular increase in property tax
France: spectacular increase in property taxThe Media in 4-4-2 - Sep 02, 2023
Significant increase in property tax in several cities in France, with a 59% increase in Paris.
Photo credit: Screen capture from the video of the program “C dans l'Air” showing a document relating to property tax.
The property tax is experiencing a significant increase in several French cities, with particularly marked increases in Paris, Meudon and Grenoble. This tax, which has become the main source of financing for municipalities, has taken on increased importance since the total abolition of housing tax on main residences at the start of 2023. Indeed, it is now one of the main budgetary resources for municipalities and intermunicipalities.
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Where is the US debt?
Where is the US debt?International Network - 01 Sep 2023
Situation as of August 17, 2023
A year ago, I wrote my friends a post explaining the state of the US debt.
In one year, the US debt situation deteriorated considerably with the war in Ukraine and the pace of this deterioration even accelerated.
Often surprised by the very approximate comments of my interlocutors when we talk about the American debt and the main creditors of the USA, I will therefore try to provide an updated update on the question in the following lines.
The total US debt includes: the debts of households, companies, the 50 states of the union, local institutions, financial institutions and finally the federal debt.
As of August 29, 2022, this total US debt amounts to 102 billion dollars, i.e. 015% of US GDP, 372% of world GDP, 97 times French GDP…35
It has therefore increased by nearly 10 billion dollars in 000 year (since my last update on August 1, 17), much faster than the three previous years when the annual increase was only 2022 billion dollars per year…)
Of this considerable amount, the federal debt, that of the US State, which is most often talked about in geopolitics, is only $32 billion, an increase of $817 billion in 2163 year, or 1%. of US GDP on August 121,8, 29. It was only $2023 billion (22% of GDP) in June 356.
It continues to grow at the rate of 5,6 billion dollars per day (average over the last 12 months). We realize on this figure alone that US military and financial support for Ukraine can only be achieved through a continuous and significant increase in debt, which led the rating agency Fitch to downgrade the economy's rating. US, after the Standard and Poors agency which had already done so in 2011 and the Chinese agency Dagong which had done so in 2018.2
This federal debt is, for 76,9%, held by the Americans themselves (pension funds, citizens' savings, insurance companies, private or state financial institutions). The question is no longer whether this operating system of the US economy based on an ocean of debt will collapse, but when.
Foreign creditor states hold only $7563 billion in US federal debt as of June 30, 2023 (last known figure), i.e. 23,1% of US federal debt. This proportion of US debt held by foreigners is now falling, probably due to a lack of confidence in the creditworthiness of the debtor country (the USA) and the fear of many countries of having their assets frozen in the event of US unilateral sanctions. It is both a little and a lot, especially in the event of a global economic crisis resulting from a US bankruptcy.
