RIP France! Is France The New Greece?
- Thread starter Kool-Aid
- Start date
Kool-Aid
VIP
I don't think the French government has the guts to make cuts to social programs. They know the French people will riot like crazy.
Keep it a boqol
VIP
I really don’t care about France or the ppl in it.
I dont know if ive said this before on the forum but when the real estate, A.i and financing bubble pop in the next couple years . There is not gonna be anybody to prop up the financial order after what Trump did . Its gonna be incredibly apocalyptic since the intreste rates have never been allowed to really go up since 2008. This will trigger a chain reaction in the western economies just like 2008 did since they're all interconnected. So this france crisis might not seem big but it will just be adding more fuel to the fire.
Tldr : if your in the u.s get your ayyuto money up. Theres gonna be a killing to be made in the next couple years
I am listening. Should I drop any vacation etc and live frugal ?
Worst job market in the world with the highest interest rates there’s 600+ applicants for one job with ai systems flagging anything on your resume. People are financing everything and anything
Nah but for real you definitely should if your thinking of investing.
There's gonna be a lot of assets that are supercheap to acquire after shit hits the fan.
It's very different from Chinese, Japanese or American debt because most of it is in their own currency. Their governments issue debt in their own currency (dollars, yen, yuan). That means they can always, in theory, create more of their own money to pay off obligations. Although it comes with risks that it can either create inflation/currency devauluation
but because France much like Greece uses the Euro they have no monetary control over it because it's a currency they don't print , the European Central Bank does, which makes it structurally similar to a debt in a foreign currency. So they can't print more money or raise or lower interest rates to manage it.
It wont collapse because EU wont let it but life will become more painful because of austerity(spending cuts) which means less education, health care, subsidies or pension support. They will pull back investments into social programs and infrastructure. It will probably lead to mass unemployment from the Public sector.
Taxes are high and it will skyrocket which will slash household spendings and business profits.
As interest rates rise from borrowing costs , credits will become more expensive for businesses and households to borrow and it will spill over into the housing markets.
To put it simply France it's going to have hard time and it will create market fall outs and ripple effects.
These two videos are good if you want to understand the debt crisis France in and what it implies:
but because France much like Greece uses the Euro they have no monetary control over it because it's a currency they don't print , the European Central Bank does, which makes it structurally similar to a debt in a foreign currency. So they can't print more money or raise or lower interest rates to manage it.
It wont collapse because EU wont let it but life will become more painful because of austerity(spending cuts) which means less education, health care, subsidies or pension support. They will pull back investments into social programs and infrastructure. It will probably lead to mass unemployment from the Public sector.
Taxes are high and it will skyrocket which will slash household spendings and business profits.
As interest rates rise from borrowing costs , credits will become more expensive for businesses and households to borrow and it will spill over into the housing markets.
To put it simply France it's going to have hard time and it will create market fall outs and ripple effects.
These two videos are good if you want to understand the debt crisis France in and what it implies:
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