“We are 27 around the table and we managed together to produce a budget,” Macron said at a press conference alongside Merkel. “In which other political sphere in the world is that possible, is that done? None.”
Is he serious?
That is possible in any political sphere when 27 people can vote for increasing the money supply and thereby delaying any meaningful correction / katharsis of the markets. It‘s basically a bribe to their main customers / electorate („baby boomer“ generation). And, it’s not paid for by these 27 politicians. They have no skin in the game.
I doubt that this massive amount of money will flow into the economy creating innovation and jobs. I‘d rather expect this money to flow into assets (real estate and stocks) exacerbating the asset bubble further enriching asset holders (already rather rich people). This could widen the gap between rich and poor, further increasing the political and social tensions and adding fuel to the fire 🔥 of the Yellow Vest Movement, Black Lives Matter, etc.
This is not a judgement, just a description of what I see.
Totally agree.
Experience/history shows that the money never arrives at the ones who need it most, or just a tiny fraction.
I don't even get it... The dollar is crashing, the ECB is doing their own..i am not so much of an economic guru but i think i should venture into learning about economics so i dont get left out in the drama that is about happen
you should only care about austrian school (economy) - you could also look into marxism and keynianism but only to know what they say and how to counter it with austrian school knowledge.. ^^
Austrian school is important knowledge and what helps is an understanding of the financial system, especially the Eurodollar system.
they do the same central planned shit everywhere.. they now try to enslave africa by "helping them" with credits..
but I really like the shadow economy "systeme d" in africa! :)
they just create jobs themselves through open economy
Will look into it
What for a shit show.
How foney they look with these masks on and how trustworthy they try to appear to the public. So much corruption and lack of interest towards us from those crooked politicians.
We've seen this before & we've seen the results of this before. We'll be seeing this until the entire planet goes through a correction and face catharsis. At least I've got some crypto saved up.
I keep telling you, these elected officials do not work for their people. Why we still vote and throw our tax dollars down your throat is a mystery to me.
Ich sag es ja immer wieder, diese Volksvertreter arbeiten nicht für ihr Volk. Warum wir noch wählen gehen und Ihnen unsere Steuergelder in den Rachen werfen ist ein einziges Rätsel für mich.
Thanks for the heads up. You are the best my friend.