Otrokom v prvih razredih osnovne šole je jasno, da je strategija sankcij za uničenje ruskega gospodarstva grdo propadla in da je rezultat diametralno nasproten – rusko gospodarstvo raste hitreje od vseh zahodnih držav in se industrializira, evrsko gospodarstvo je na robu recesije (Nemčija, Avstrija, Češka itd. so v recesiji) in se pospešeno deindustrializira. Politični botri te “strategije” sankcij seveda ne bodo nikoli priznali svoje zmote, pač pa so prišli z alternativnimi “strategijami” podobne kvalitete. Ker je zmanjkalo proračunskega denarja, je treba “mobilizirati” bančne prihranke ljudi za spodbujanje vojaške industrije (za pošiljanje orožja v Ukrajino) in tudi za zeleni prehod. To pomeni, da bodo vlade začele pospešeno izdajati t.i. ljudske obveznice in nas prepričati, da vanje vložimo naše prihranke.

Toda pri tem velja ne pozabiti na dvoje: (1) tudi z zadolževanjem na domačem trgu se javni dolg povečuje enako, kot bi se z zadolževanjem na tujih trgih, in (2) kljub morda nobel proklamiranim ciljem ob izdaji ljudskih obveznic  (“zeleni prehod”, “evropska varnost”, “spodbujanje razvoja”) se je treba zavedati, da od tega velikih učinkov za evropsko gospodarstvo ne bo, saj velika večina ključnih produktov v zelenem prehodu (solarni paneli, inverterji, vetrnice, baterije, elektrolizerji itd.) prihaja iz Kitajske in večina dodatnega denarja bo šla za nakup ameriškega orožja in za pošiljanje tega orožja v Ukrajino. Torej z ljudskimi obveznicami bomo financirali prevsem razvoj kitajskega in ameriškega gospodarstva, bolj malo pa evropsko.

____________

This is Bruno Le Maire, France’s Minister of the Economy. You might know him as the genius strategist who said he was going to “cause the collapse of the Russian economy”…

Now he is straight out declaring that Europe has run out of money (it “does not have sufficient financial reserves”) and that they need to “mobilize all the savings of Europeans” that are “currently dormant in European bank accounts” in order to finance the future, including Europe’s “defense effort”.

This is a complete and direct translation of what he said:

“I am at the Council of Ministers of Finance in Ghent, Belgium, and I just raised a fuss because the capital markets union is not progressing. What is the capital markets union? It’s the ability to mobilize all of Europeans’ savings – 35,000 billion euros – to finance the climate transition, fund our defense efforts, and invest in artificial intelligence.

Since things aren’t moving forward with all 27 members, I proposed that we move forward on a voluntary basis with a small number of member states to propose a European savings product in the coming months, to propose European supervision of capital markets to ensure that regulation works well, and therefore to raise several tens of billions of euros to finance our growth and prosperity.

Europe cannot economically weaken as it has been doing for several months because it does not have sufficient financial reserves. Europe cannot miss the climate turning point because it does not have sufficient financial reserves. Europe cannot miss the artificial intelligence turning point because it is unable to agree on this capital markets union and make Europeans’ savings work.

35,000 billion euros lying dormant today in European bank accounts instead of fostering Europe’s prosperity tomorrow, instead of financing artificial intelligence, instead of financing the climate transition, is no longer acceptable. That’s the gist of my rant this morning in Ghent.”

Quite unreal… All the more coming from a country, France, that ALREADY collects some 50% of the country’s GDP in taxes, the second highest in the world (after Denmark, another EU country). On top of that you need to get into people’s savings?

And immensely ironical that mister “I’ll collapse Russia’s economy” comes back to us 2 years afterwards, telling us “Europe cannot economically weaken as it has been doing for several months”, we need to take your savings… When Russia’s economy, far from collapsing, has been growing faster than all European countries.

All this in part to “fund our defense efforts”, likely a code for “send it to Ukraine”, the most corrupt country on the continent currently fighting an endless money pit war that it has no chance of winning. Pure madness.

Vir: Arnaud Betrand