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Attal, Le Maire, Cazenave, the Shearers-Guns of your savings
Attal, Le Maire, Cazenave, the Shearers-Guns of your savingsInsolentiae – Apr 19, 2024
Protect yourself !
This information is essential for you… well for your taxes!
In case you haven't figured it out, France will not go bankrupt.
France is strong thanks to you, thanks to us, and to be more precise thanks to your money, your savings.
The HCFP considers the government's deficit reduction plan not credible
The HCFP is the High Council of Public Finances, the body of the Court of Auditors and which estimated in an opinion that the government's objective of a return to a public deficit below 3% of gross domestic product (GDP) in 2027 “lack of credibility” given the current deterioration of public finances and economic growth forecasts!
No kidding. The HCFP does not go so far as to say that we are led by Mozarts of finance who play wrong notes and a bad score, but almost.
The institution warns of the lack of coherence of this new trajectory. Its first president, Pierre Moscovici, in an exclusive interview with Le Figaro, judges that the executive's promises lack credibility, particularly on reducing spending...
Moscovici. It is unfavorably known to my poultry police services (chickens).
For years my crystal chickens have been accumulating a file as thick as your arm on Pierre Moscovici. Minister of the economy who is failing and finances which are slipping, comrade European commissioner, then president of the lower court of accounts which are not going well. Let us not forget his love for the beautiful Marie-Charline and her cat who Moscovici gave her bath. You notice that the latter had the exquisite taste of having a cat named Hamlet and not a cat, which will avoid many saucy comments. In short, there's no shortage of mentions in this mamamouchi's locker!
So let's listen to these last words about this Mozart-style management.
“We cannot reduce public spending so massively without having an effect on economic growth. A coherent scenario would therefore require changing either the macroeconomic forecast or that of public finances. »
There we agree. From a technical point of view, there is a large shell in the soup.
But the best is when Le Figaro questions him about what should be done... and then we feel the years of experience in nothing coming to the surface
“We must find room for maneuver. To do this, we need political will, courage, because it is undoubtedly unpopular, intelligence to define economies that do not harm essential growth, and pedagogy. »…
Here we are.
The essential educational effort.
When people talk to us about pedagogy, we are going to have problems!
You understand I suppose, since we have lived in Macronie.
In Macronie, which is a great democracy, that of West Korea, we always demonstrate pedagogy before sending you the Brav-M and the CRS if you have not understood the pedagogy. Phase 1, the pedagogy which explains why you must obey. Yellow Vests? Pedagogy then flashballs. Pension movement? First teaching of course, then flashballs. Vaccines ? First education (all vaccinated, all protected) then…health pass.
Here we are talking about money. Of debts. Deficits.
So pedagogy is about explaining to you why you are going to have to make a lot of effort. Work more, earn less, work longer, pension smaller. Fewer hospitals and obviously paying more taxes. To make you pay more taxes… pedagogy. Then after the automatic taxation since you will agree.
Here you do not risk being blinded by a flashball, rest assured, it is just your savings that will be cut, your income that will be blinded, and you who will suffer from a significant fiscal hernia at level L1,L2 , L3, L4, L5 but also L6, 7, 8, 9, 10… it’s crazy how many vertebrae we have!
The inevitable fiscal hernia…
“Given the deterioration of the public balance recorded in 2023 compared to the forecast of the LPFP [public finance programming law] and lower growth hypotheses, the return of the public deficit below three points of GDP in 2027 would imply a massive structural adjustment between 2023 and 2027,” points out the HCFP.
“The High Council considers that this forecast lacks credibility: while such an effort in spending has never been made in the past, its documentation remains incomplete at this stage and its realization requires the establishment of rigorous governance », he adds.
And when a spending reduction effort of this magnitude has never been done, know that there is no reason to be done this time.
So, and this is a logical resolution, of a logical problem. If we are not able to make this effort to reduce spending, we will do, well, we will do the only easy thing they have known how to do since I was born in this country... raise taxes.
Let us continue the logical and rational reasoning.
They will therefore cut savers a little more.
Let's make an analogy with sheep. Animal species well known to all French taxpayers.
To shear a sheep, it must not move!
If you apply this principle to French taxpayers, you can deduce quite easily what is not moving or is difficult. Real estate for example obviously. So we can already have a good idea of what is going to be taxed more.
This is the first good news.
Anticipate future mowing, with which mower, and who will be the mower…
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Despite sanctions, Russia repays its debt
Despite sanctions, Russia repays its debtInternational Network - Apr 15, 2024
While the Macron-Attal-Lemaire trio is desperately seeking a few tens of billions of euros to complete their 2024 budget, a year in which the absolute historical record for the French budget deficit could well be broken, the Russian executive, despite the sanctions which are applied to it, repays its debt, and found $54 billion in budget surplus over the last twelve months to do so.
Let's summarize: the French debt today is 3200 billion euros, or $3425 billion.
Some sources even speak of $3690 billion
The Russian debt was only $358 billion on April 1, 2023. One year of war later, on April 1, 2024, this Russian debt was reduced to $304 billion.2
Russia therefore still has a debt capacity that our country no longer has, on the verge of collapse and bankruptcy.
For the French Mozarts of politics and finance who claimed to collapse the Russian economy (Lemaire) or put it in a state of insolvency (Macron), the slap in the face is gigantic and we impatiently await the verdict of the IMF and that of the rating agencies which should fall in a few days. But don't panic, the mainstream media are there to hide the problem and calm our pain with anesthesia before the European elections, in order to limit electoral damage. They will talk to us about the Paris 2024 Olympics, floods, climate change and as little economy as possible...
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France’s sovereign debt: call a spade, a spade
International Network - March 31, 2024
The objective of the finance law for 2024 was to reduce the deficit to 4,4% of GDP (after 4,9% in 2023), the government had decided to make savings amounting to 10 billion euros by reducing the 2024 budget. However, despite all these announcements, the deficit seems once again higher than expected and greater than 5% in 2023.
It has been more than 50 years since France's budget has been in balance:
At the end of the last quarter of 2023, our country's public debt amounted to 3.088,2 billion euros according to INSEE, an increase of 41,3 billion euros (after an increase of 34,5 billion euros). euros in the previous quarter).
The 2024 finance law passed thanks to 49.3 and therefore under the sole responsibility of the current majority provided that the State's forecast financing requirement would reach 295,8 billion euros, mainly due to a budget deficit of 144,4. 156,4 billion euros and 2024 billion euros of medium and long-term debt amortization maturing in XNUMX.
And the EU in all this
France is also well above the average deficit of the twenty-seven (82,6%) of the EU, with a debt which reaches 111,9% of its GDP, or more than 3 billion euros. . Conversely, Estonia (000%) and Bulgaria (18,2%) currently have the lowest debt rates within the EU.
However, some will tell me that all this is linked to management from the right or the left. Are you sure? this diagram shows the opposite:
Today, at the end of March 2024, Bercy admits that for 2024 the deficit will be 5,6% of GDP instead of 4,9%, therefore increased by some 20 billion euros, calling into question its reduction trajectory.
Comparing cabbages to carrots
So if France's debt is equal to the cumulative difference in state budgets and therefore a difference between expenditure and revenue collected thanks to taxes, why then compare our deficit or our debt to the nation's GDP.
Isn't it stupid to put cabbages versus carrots into the equation?
Indeed, GDP, or gross domestic product at market prices, aims to measure the wealth created by all agents, private and public, on a national territory during a given period. It represents the final result of the production activity of resident producing units. In short, the French state does not dispose of it as it wishes. So let's be more rigorous and compare the deficit and debt to our tax revenues.
Tax revenues
Here are the figures for state revenue by type of tax in France for the year 2023:
Gross tax revenue: 470,6 billion euros
Value added tax (VAT): 176,3 billion euros
Income tax: 113,4 billion euros
Corporate tax: 86,8 billion euros
Registrations, stamps, other contributions and indirect taxes: 40,2 billion euros
Other direct taxes and similar taxes: 31,4 billion euros
Internal consumption tax on energy products: 18,3 billion euros
Other direct taxes collected by issuing tax rolls: 2,4 billion euros
Social contribution on profits: 1,6 billion euros
In sum, the total net revenue of the general budget (after deduction of reimbursements and reliefs) is projected at 349,4 billion euros in 2023, with an increase of 5,2% compared to the previous year.
It is important to note that these figures are revised evaluations for the year 2023 (source: https://www.insee.fr/fr/statistiques/2381416)
All this therefore means that if we devoted all of our tax revenue to repaying the debt we would need: €3088,2 billion / €349,4 billion = 8 years and 10 months to repay it by depriving ourselves of all services of State.
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Capture of Avdeevka, cauldronophobia, excellence of the Russian army
Capture of Avdeevka, cauldronophobia, excellence of the Russian armyStratpol - Feb 25, 2024
STRATPOL: Bulletin n° 174 by Xavier Moreau
02:02 Economy
“Dramatic situation” in Germany
Bruno Lemaire: €10 billion in savings
Theft of Russian assets
Arctic LNG in force
06:10 Politico-diplomatic
13th package of anti-Russian sanctions
Munich Security Conference
Lavrov in Caracas
09:10 Empire of lies
Greater Continent vs Russian BITD
14:05 Terrorism
Death of Kuzminov
Death of Navalny
Revenge against Donetsk
19:00 Arming
Royal Navy broken down
US Navy in slow motion
A destroyed Abrams
No infrastructure for the F-16
Putin flies on TU-160M
22:59 General military considerations
Discreet and competent Russian generals
Supporters in Ukraine
Avdeevka: excellence of the Russian army
Azov below everything
Zaluzhny + NATO: a war of delay
Adaptation of the Pentagon
33:40 Map of military operations
Who controls the Black Sea?
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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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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.
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The debt ceiling uncapped… we're going to be smothered!
Insolentiae – May 31, 2023
Charles SANNAT's editorial
The worst will not happen, and objectively, the Republicans, finally the Republican "Speaker" Kevin McCarthy rather crashed and the agreement they theoretically reached between McCarthy and Biden leans without question for a victory almost by White House knockout.
Indeed, the debt ceiling is not raised by a few tens of billions, or even a few hundred.
No.
It is simply deleted.
What am I saying, it is suspended.
It is a "no limit" mode which is now possible for the White House... until 2025.
All this remains a provisional agreement insofar as it must be validated by the representatives in the House, but something happened in the United States.
When we look in detail at the planned agreement, overall nothing is happening. Social spending is not being cut, nor is environmental spending, let's just say they agreed to build more wind turbines and also more oil wells! But again, that's not important. Nor is ceasing to spend “Covid” funds economically meaningful.
So let's go to the essentials that this agreement does not say.
Don't tell you.
And that no one noticed.
But why switch to "no limit" mode and no more ceiling until 2025?
Why?
Why not add a limit of 2000 billion, come on, let's be crazy, the current debt is more than 31 billion dollars, we could even have added 000 billion dollars to give ourselves some slack.
Here, it's limitless.
The cap no longer exists for the next two years?
Why?
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You will starve and you will be happy?
International Network - May 28, 2023
Everything is therefore going as planned, that is to say quite badly and with an alarming growth of ideas, each more weak than the other: since the pandemic has not caused enough fear to allow an effective enslavement of the entire population , it was understood, as of last year, that climatic hysteria would take over.
Thanks to ecological trepidations, it becomes easy to put in place increasingly coercive and increasingly violent policies as the injunctions increasingly encroach on the fundamental freedoms of individuals. The latter having the nerve to exist and not always agree, it will therefore be necessary to crush them (including nevertheless) in order to guarantee that the small ecological projects are set up without obstacles.
Thus, in the Netherlands and despite such growing discontent as evoked in a biased way by a press at the appalling level of propaganda, the idea of eliminating a major part of small and medium-sized agricultural holdings continues to gain ground. The protests do not change anything: democracy, a river that is played only when it comes to finding pretexts to increase taxes or go to war, no longer interests anyone here.
In France, if the words are translated, the music remains the same: gently, and without much discretion, the first seeds of a forced agricultural decrease are planted by a Court of Auditors which has become the astonishing transmission belt of the Far East. Macronian Center. For her, it's obvious, we must “define and make public a strategy for reducing the cattle herd”.
It is not a question of nitrogen pollution (the stupid excuse used by the excited Batavians) but rather the methane emissions of cattle, another idiocy proudly put forward by the enraged French to pass their nonsense. The argument is disarmingly stupid, but it is nevertheless this: the climate is warming up, it is therefore the fault of human activities, it is therefore because of its consumption of meat, it is therefore because the cattle fart on methane, so it is necessary to reduce the herd (by half, let's say, because it is an easy ratio to understand).
Do not look in the “therefore” for any logic, any reasoning. It is the environmental Science™ that speaks, therefore the Truth™.
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Bulletin N°132. Debt explosion, anti-system Fillon, Yuan for all
Stratpol - 07 May 2023
STRATPOL: Bulletin n°132 by Xavier Moreau
00:00 Deep geopolitics
03:50 Economy:
- Explosion of French debt
- Dedollarization (continued)
- Yuan for all
- Reconstruction of Artemiovsk
09:44 Terra Bellum vs Russian economy
21:30 p.m. Putin releases entrepreneurs
23:23 US bases in Finland
25:18 Fillon anti-system
27:47 Military considerations:
- Attack on the Kremlin
- Gamelins of the week (double dose)!
36:43 The billion for ammunition
38:45 Map of military operations
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The war in Ukraine is actually used to hide the debt
The war in Ukraine is actually used to hide the debtJacob's Ladder - Feb 28, 2023
American debt is irredeemable.
US debt is irredeemable unless hyperinflation sets in. With the latter, the value of the debt can simply be halved, and that is EXACTLY what the United States wants, to divert attention from its debt.
And if you look closely at this map, you can clearly see which countries support the war against Russia (whose debt is only 30% vs 130% of the US).
Last modification 54 there is
Words from Sébastien Recchia in the direction of the sold
Words from Sébastien Recchia in the direction of the soldProfession Gendarme - Nov 29, 2022
Magnificent text, full of sweetness and accuracy in the words of Sébastien Recchia in the direction of the sold.
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Science infuses
Science infusesFrance Evening - Jul 25, 2022
Go into debt to the tune of 3 billion euros?! The elites have succeeded where the average citizen would never have the stupid idea of going into personal debt over four generations.
Politicians, senior civil servants, and other experts who direct us, decide everything for us, both in the public life of the country and within homes and businesses. For them, it is certain: there is no doubt. These gentlemen and ladies from Science Po, ENA, Normal Sup, Polytechnique et Cie – which Coluche grouped together under the single common name of “technocrats” – our “elites”, have infused science.
“The technocrats, if we gave them the Sahara, in five years, they would have to buy sand elsewhere. »
