The biggest financial crash in history will happen in 2019

[Ahmed]

If it is true that the industrial economy functioned badly before the covid because there are no more new territories to colonize or exploit, no more expanding markets due to the saturation of solvent goods, more rise in the massive mobilization of living labor and that because of this stagnation, or even sharp regression (depending on the area), this leads to a breakdown in the legitimacy of governments, the variety of behaviors of political leaders makes it possible to rule out any maneuver concerted or planetary conspiracy (eg the particularly absurd one to eliminate a large part of the world's population!).
As I have already said, political leaders have found themselves very helpless in the face of a pandemic, an event completely foreign to their universe. The fundamentals make it possible to see things more clearly: the role of the State, and therefore of those who embody it, is to play the role of a collective capitalist providing the services that private companies cannot provide: infrastructure, overviews, the coercive power and the maintenance of the Law to impose a minimum of functional rules.
Faced with the threat of this pandemic and according to the state objective, two options were opposed from the start: to save the economy, was it necessary not to intervene drastically and risk a wave of uncontrollable and large-scale morbidity and mortality? , which would ultimately backfire on the essential purpose or halt large swathes of the economy long enough to be able to cushion and mitigate its effects? I insist that this is not in any way to oppose the economy to human lives, but two options to "save" the economy. We observe these two attitudes among the same leaders: Bolsonaro et Trump, for example, preferred the first solution, before changing their position in the face of the progression of the virus in their countries. In France, the flip-flops and strategic fluctuations in the face of the disease denote as much unpreparedness as this subtle game between the brake and the accelerator: the brake during difficult passages of epidemic upsurge, the accelerator at the first upturn. Only large groups of BP (as said Janic) have acquaintances at the highest summit of States, which is more than likely, are however epiphenomena on which a correct global analysis cannot be based. Focusing on the vaccine as soon as it became available seemed like a lifeline to release the brake and restart the engines of the economy and, icing on the cake, by erasing the consequences, we avoided having to tackle the causes* which is globalization, its propagation factor which is air transport: thus, the world after could look furiously like the one before...

* Whatever the hypothesis, animals carrying viruses driven out of their habitats by the expansion of human influence or a "tinkering" escaped from a P4 lab, the cause is very human.

[Christophe]

From memory, and without wanting to be categorical; if the USA enters the war, they can “wipe out” their sovereign debt!

They once paid the full bill for their defeat in Vietnam? Let me think...2 seconds...

[Obamot]

thirteen ….
thirteen ….

Never ?

[Obamot]

PS: or else a century late when you're already dead https://www.lefigaro.fr/international/2 ... s-tard.php

[Ahmed]

According to some, the USA is even in a state of "technical" bankruptcy, but that is not so serious: it has been operating this way for a long time already and if it is possible, it is because their power, especially military, means that others buy or accept payment in US bonds. Of course, it's monkey money and China, which holds a lot of it, knows very well that if it were to put its stock on the market, its true "value" would be revealed...
If you want, Obamot, it's a bit like a banknote: intrinsically it's worth nothing, but if you receive it as an IOU (which it really is), you know you'll find someone who will. will accept and allow you to free yourself from your debt to him, who can...etc. The important thing is only to have confidence in the issuer...
On the other hand, it remains a dangerous game, because fictitious money must necessarily be backed by a few "bearers of hope" of real valuation (if one can say so) and when the debts always rise higher, the relationship with reality diminishes prodigiously. What explains this tropism is that there is no other possibility of further increasing the immense accumulation of abstract value. Capitalism has always relied on looting and rapine: now it is reduced to holding an imaginary future to ransom: it is less serious, but with long-term consequences...

[Obamot]

Yes. Getting compensated when you're dead, that's “abstract value”

And you don't even have eyes to cry

How to get out of it all

[Ahmed]

I was replying to your previous message and it therefore did not concern military compensation...

[Exnihiloest]

...Capitalism has always relied on plunder and plunder...

Whatever.
And wherever there isn't, it's much worse!
You spit in the soup. Even among the Chinese cocos, capitalism succeeded not only in greatly improving people's living standards, but brought China to the top economic level, while Mao's cultural revolution only made poor people and dozens of million dead.

Your alternative ideologies, all of you slayers of capitalism, have never done anything to improve the lot of people. Your ideologies are deleterious, moreover the only one we really know about you is to be anti everything that others build. Capitalism being dominant, you are against capitalism. Heaven would be on earth, you would want hell. You want to solve your existential problems by changing society through ridiculous utopias, never operational abstractions, which crash every time you try to put them in place. Bunch of hypocritical or confused jokers, society is only the reflection of men, it's you who make it, you haven't understood that you look at yourself in the mirror and that to change society, it's you who have to change first, rather than bawling against capitalism.

[humus]

...Capitalism has always relied on plunder and plunder...

Whatever.
And wherever there isn't, it's much worse!

Ah good, then capitalism is good, since it is less bad.
Do we not have the right to aspire to a real GOOD, rather than to vegetate in the "least worst"?

[Christophe]

You get there :

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