The biggest financial crash in history will happen in 2019

[Ahmed]

What do you mean

[Obamot]

Until 2016 these wealthy families had reached a kind of ceiling, then all went to the hausee.

Was it systemic?

Was it Macron's candidacy with elections that we knew in advance would bring him to power (an unprecedented campaign on social networks like Trump).

Was it just “changing markets”

Was it Macron's actions that helped their results?

I swim.

[Ahmed]

OKAY.
Certain specific measures have come into play in France, such as the abolition of the ISF and the distribution of subsidies to large companies for the creation (completely optional!) of jobs (it started before Macron)) and probably a few more...
But this only explains a small part of the process which is of a global and systemic nature and which therefore applies to the scale of the countries of the capitalist center (for the periphery, it is another story). Today's great source of wealth originates in the distribution of fictitious wealth in the form of financial assets (loans); to take a simple image, it is easy to understand that the closer one is to the faucet, the greater the participation in its control and the more manifest the abundance. This also plays, indirectly, on certain sectors, such as luxury or armaments...

[Ahmed]

I must add that debt financing practices are not unlimited and therefore do not allow certain constraints to be overcome. If watering has intensified to cushion the covid crisis, it is with the backing of Europe.
I know that some* are upset by the loss of financial sovereignty of States which can no longer "run the printing press", but must rely on independent monetary institutions (even in the USA, the FED is ), is that if this power were discretionary, it would quickly lead to a monetary depreciation: the handling of abstract/real symbols is imbued with some subtleties.
This is why states usually engage in structural adjustments, such as what leads to austerity in hospitals, for example. However, it is neither because of the political tendency in power, nor the whim or the perversity of the Prince, but to obtain a notation allowing access to credit, and thereby to the functioning of the state...

* Perhaps the same people who are indignant at the "creation" of money by banks during ordinary borrowings, when it is the borrower who is the real creator, the bank is only there for the register and guarantee it to third parties.

[Christophe]

Jean-Marc Jancovici: “With the right indicators, the global economy would be bankrupt! »

An engineer specializing in energy and global warming, Jean-Marc Jancovici is an excellent teacher on these issues. He has just released a comic book that is snapping up in bookstores and has prefaced a book by his think tank that tries to imagine a future that is both green and tempting.

https://www.lesechos.fr/industrie-servi ... te-1384557

[GuyGadeboisTheBack]

Jean-Marc Jancovici, president of the Shift Project....
You have noticed ? Just remove the "f" from "shift" to get "shit"...

[Christophe]

pffff

You have to be a bit shitty on the edges to think about that...

[Ahmed]

...or simply insightful?

[Christophe]

Former Blackrock leader Edward Dowd said a complete financial meltdown was underway. He posits that all the COVID restrictions and digital databases that have been imposed are practice for the riots that will ensue when the collapse takes place...

[Obamot]

65% more monetary creation?
Yes, it's a pretext to enter into a war

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