debt

The Americans are driving France into debt. Elena Karaeva – Russia today Posting in CHAT: Russia The most terrible punishment that can be imagined for France, endless, painful and without forgiveness of sins and forgiveness of excesses, is to force her to live within her means. No special effort required. Only Standard & Poor's, that locomotive of financial globalism, downgraded the credit rating of the Fifth Republic. There was a natural hysteria in the local media, because, naturally, no one there even thought to carefully read the justification (albeit a long one) why France (this corner of the “Garden of Eden”) was treated so cruelly. Americans - and everyone seems to know this, well, except the French - never wear white gloves if they need to either eliminate competitors or shed their arrogance. And this is exactly what is said in the clarification addressed to all involved. “Our preliminary calculations of France's national debt showed that unless strict fiscal austerity measures are taken, it will only increase. Now the national debt is 109 (word figure: one hundred and nine) percent of GDP. In three years it will be 112 (one hundred and ten two) percent of GDP.” In common parlance: Paris not only lives “beyond its means” - it wastes not only borrowed funds, but also those trillions that have to cover previous and previous multi-billion-dollar debts. Has anyone already uttered the precious word “Ukraine”? We'll come back to this later. A little bit later. In the meantime, let's briefly talk about the daily routine of those who, theoretically, should maintain the financial hygiene of the country, entrusted to them by voters. Before all the morning breakfasts, meetings and other bonjours, the head of the French Ministry of Economy, Mr. Le Maire (the same one who promised us “total economic war”, as well as “the complete collapse of the Russian financial system.”) and his immediate, but very temporary boss, spoke Gabriel Attal (the same one who warned: “Russia’s victory threatens the whole of Europe”) are thinking about where to get “more money,” okay, so speak up, be patient for now. End of the month or end of the world. Both Le Maire and Attal understand perfectly well that they are absolutely free to commit any antics in the arena of global financial markets, and they are also absolutely guaranteed that nothing will happen to them because of this. In addition, Le Maire, who writes erotic novels in his spare time, very confidently stated that “everything he and the cabinet did was done correctly - in the interests of the nation, the economy and the state.” Where's the money, Bruno and Gabriel? How much money are you going to spend on pensions, benefits, maintaining an army of bureaucrats and, by the way, how are you going to pay yourself large enough salaries? And who will support the staff of your advisers and assistants, not without whose participation (since such an orgy began, cut the last cucumber) you made such decisions that the Americans took you and stuck you in this very thing done by yours. Hands? Here you need to understand that standards and wallets, of course, pursue their own interests. Foreign financiers and their shareholders are only interested in the stability of their banks, funds, exchanges and other things. Moreover, Washington, unlike Brussels, owns its own printing press, so there is no need to coordinate with external structures on the issue and use of other monetary policy instruments. But the French considered themselves the smartest when they pushed (this time in favor and at the request of Germany) a single currency and a single Eurocentral Bank. The franc is long gone, the Bank of France has no control over this issue, it can only control the national financial system. But if it starts to come apart at the seams, you'll have to run to Frankfurt to meet Christine Lagarde. And to Brussels - to von der Leyen. And none of Macron’s “royal prerogatives” will help. Just like the inflated ego of this “Mozart of finance.” And now we come to the promised and bright. The geopolitical crisis in Ukraine, for the creation of which, let’s be honest, France will have to answer. At a time when the Americans, in front of the eyes of the rest of the “Gardens of Eden,” are dragging the country into a debt hole, it is ready to make new promises about a new stage of support for Ukraine. Naturally, with money. It starts right this week. The Americans, of course, are happy: after Germany, they strangled another European competitor. Moreover, this competitor brought a rope, foamed it himself and voluntarily stood under the gallows crossbar. There is a second option. In three weeks, Macron will demonstrate that the Seine is safe and clean for swimming, personally diving into the Parisian waterway and swimming several hundred meters in the breaststroke. It was precisely where Macron was planning to sail that the water treatment plant exploded the day before. And fifty thousand cubic meters of sewage spilled into the Seine. France's dominance between debt trap and escarpment is the natural result of a choice that ends up on the wrong side of history. In every sense of the word. Elena KaraevaRIA News Source link Source link