Inflation and purchasing power: who benefits? The winners ?

[Christophe]

a) Except that you and me, when we work it's to produce something (good, service ...) and not to enslave and impoverish peoples and future generations ... (but on this point I think the system will implode long before...). Finally when I say "you", I don't really know ... I don't know your job!

I hesitated to put works between "" in my previous post.

For the figures and sources, what do you want to know? The accumulated bank commissions? Interest generated by banks? Revenues from monetary usury?

I refer you to this subject: https://www.econologie.com/forums/dette-publ ... t5361.html

b) For the debt, yes charge and service it is not the same but I explained my error! What ultimately matters is the debt service = what is paid because of the debt by the taxpayer / State right?

The problem is that this service is far too high and that we continue to borrow (to repay another creditor ??), in the end the debt will never be payable!

We are pretty HS we should continue here: https://www.econologie.com/forums/dette-publ ... t9654.html or on the subject of PBS: https://www.econologie.com/forums/adherez-au ... t6158.html

[nlc]

For me the debt is a pipe, anyway it is not repayable, the global system works only thanks to debts and loans. For me, the growth so dear to our policies is not possible without an increase in the money supply, therefore in loans and therefore in debts.

For the "problem of purchasing power", the main concern in my opinion is not the decline in purchasing power, but the increase in the desire to buy and consume. For me we have never had as much purchasing power as now, but everyone always wants more. Our grandparents were happy with much less, in my opinion tightened their belts much more than us, did not complain as much, and were happy.

Today you need the latest iphone, the latest TV, the latest car, whatever the cost, because the neighbor has changed!

When Alain Souchon says in one of his songs "that we are made to believe that happiness is to have", we are in the middle of the real problem: happiness is not to have, it is elsewhere , but people don't understand it because they are saturated with ads all over the place and haven't understood the real meaning of life.

My salary is not huge, I do not have all the latest equipment, but yet I am happy: I made my little hole, I do what I love, I am a satisfied dad, what to ask for more ? A new larger flat screen? To see more bullshit and TV ads? No thanks !

[Did67]

did67 les anêries it's you who put them there. Your speech was true, ...

My stupidity, I confess, is to have stayed on the first page by clicking on the message in the box of news ...

So, I reacted to your message from a few years ago. I see it now.

For the rest, I will not add: investment / operation, no matter. A school is a little investment and a lot of operation ... Research is sometimes only operation (humanities research = researchers salaries and travel expenses + epsilon for an office) ...

The question of debt repayment, which you add (it is still only 20 or 25% of the budget; I am talking about the interest on the debt which appears in the operating budget, the "that" being obviously relative !) is a real question, however. It is the accumulation of past deficits (therefore of the operation / investments that we made but that we did not pay "cash" at the time). The real question is: should a State repay or can it afford to be illegal (by depriving itself of any future borrowing, because no one will lend if it does not repay! See the effect of a simple downgrading in Greece or Portugal and Ireland).

Afterwards, we can imagine a system where no one respects anything (starting with the State). This is called anarchy ...

Personally, you will have understood it, I do not believe in it like "better" system!

[Christophe]

nlc: the increase in the money supply (via debts) is essential for growth because there is indeed a certain money supply (fiduciary) for trade BUT if it were true, I believe that it is no longer. ..

What does (in%) public debt represent in relation to national debt (= private and business) in France? Especially since in constant euros we have been in recession for a while ...

+1 on purchasing power ... this goes to the subject on national education: from the smallest classes, a course in "good consumption, knowing less and consuming better" ...

Cf: https://www.econologie.com/forums/les-lacune ... 10049.html

But such a course would be entirely politically incorrect with regard to growth (which we should also redefine ... but that's another debate)

Also as you imply: we must redefine the values ​​of our societies. It has been shown that you are less and less satisfied psychologically when you consume, so you have to consume more and more to obtain the same level of satisfaction! It's an endless vicious circle! I don't know where this behavior comes from ... but it deserves a debate all by itself!

And I don't know if this "redefinition of values" will be possible without "crash / clash", in short, a big upheaval in our societies ...

did67, ok for the "vigor" of your previous answer, but that does not take away the fact that my remark on VAT was not stupid ...

For debt, why should France be sheltered from a public bankruptcy like Greece / Portugal / Ireland? We can reason in Franco-French as with nuclear but it would be dishonest ...

https://www.econologie.com/forums/dette-publ ... t9654.html even the USA has been in the sights for a few days: https://www.econologie.com/forums/post201109.html#201109

We go into the wall, everyone knows it, we see it and we accelerate ...

[pb2488]

a) Except that you and I, when we work it is to produce something (good, service ...)

Like the average banker.

For the figures and sources, what do you want to know? The accumulated bank commissions? Interest generated by banks? Revenues from monetary usury?
I refer you to this subject: https://www.econologie.com/forums/dette-publ ... t5361.html

No numbers seen ...
Besides, who are the "banksters" that you denounce?
Who lends to the states? A little everyone: households, pension fund, investment fund, insurance, states, etc ...

b) For the debt, yes charge and service it is not the same but I explained my error! What ultimately matters is the debt service = what is paid because of the debt by the taxpayer / State right?

No: This is what is paid by the debt because of the taxpayer / state. The deficit is not the fault of the creditor but of the borrower.

[pb2488]

We go into the wall, everyone knows it, we see it and we accelerate ...

The policies to put in place to reverse the trend are not to the taste of voters ...

[Christophe]

The voters prefer to deport the problem of the debt to their children, it is already what they did with the pensions ...

The deficit is not the fault of the creditor but of the borrower.

Usurious interest which plumbs the debt if it is the fault of the creditor, if it was "all of us the creditors"!

Each French has € 50 in debt on their shoulders? How many French people will receive € 000 in investment interest throughout their life? A minority ! So sorry this system of public debts is not interesting "for the people" but for the well-to-do classes! This is one of the reasons why the differences in rich / poor wealth continue to increase!

But as said above: we stop on this subject about the debt. Thank you!

[netshaman]

chistophe said:

It has been shown that you are less and less satisfied psychologically when you consume, so you have to consume more and more to obtain the same level of satisfaction! It's an endless vicious circle! I don't know where this behavior comes from ... but it deserves a debate all by itself!

This behavior pathological is the same one that characterizes gambling addicts who lose huge sums in casinos hoping to win a few rupees.
CQFD dear friend !!!

[moinsdewatt]

The ranking of the 50 highest paid CEOs in 2013

It ranges from $ 68 million in 2013 to $ 18 million.

CEO is CEO in French.

[Christophe]

So who wins?