A vote of confidence is scheduled. Expect the government to fall.
French Government Expected to Fall
France24 reports PM faces new no-confidence vote over debt crisis
Fears of a new political crisis swept through France on Tuesday as the minority government of Francois Bayrou appeared likely to be ousted in a confidence vote next month.
France’s embattled prime minister stunned the country on Monday, announcing he had asked President Emmanuel Macron to convene an extraordinary session of parliament on September 8.
Bayrou needs parliamentary backing for his austerity measures to reduce France’s soaring public debt but the main opposition parties—from the far-right to the hard-left—said they would not back the prime minister’s plan.
Far-right leader Marine Le Pen – whose National Rally party has abstained in previous votes of confidence against Bayrou, allowing him to survive – now says she wants parliament dissolved and new parliamentary elections called.
Hard-left firebrand Jean-Luc Melenchon, who has launched previous unsuccessful attempts to bring down Bayrou, suggested that Macron must resign if Bayrou, 74, loses this time.
Macron, 47, has repeatedly faced calls to resign since dissolving parliament last year after far-right gains in European elections, plunging the country into crisis.
But he has insisted that he will stay on until the end of his term and has also said he wants to avoid dissolving parliament and calling snap parliamentary elections again.
Were Bayrou to be rejected by parliament, it would leave Macron seeking his seventh prime minister and cast a heavy shadow over the remaining two years of his presidential mandate.
Bayrou wants to save about 44 billion euros ($51 billion) with measures that include reducing the number of public holidays and placing a freeze on spending increases.
Notice that the “austerity” measures do not cut spending. They only freeze increases.
Neither the Left nor the Right is happy about the alleged austerity.
Fears of a French Government Collapse Send Its Borrowing Costs Soaring
The New York Times reports Fears of a French Government Collapse Send Its Borrowing Costs Soaring
Fears that the government of President Emmanuel Macron of France may collapse for a second time in nine months amid a looming debt crisis stoked alarm in financial markets on Tuesday. Investors hammered the French stock market and pushed up the country’s sovereign borrowing costs to among the highest in the eurozone.
Fanning the concerns was a warning early on Tuesday by the French finance minister, Eric Lombard, that France may need assistance from the International Monetary Fund if the crisis cannot be brought under control. “I cannot assure you that the risk of I.M.F. intervention does not exist,” he said in an interview on French radio.
But he later clarified in a social media post that France was “not under threat of intervention from the IMF, the ECB, or any other international organization,” adding that France was currently financing its debt “without difficulty.”
Labor unions, which oppose the cuts, met on Tuesday to discuss how to proceed, while calls grew on social media to “close down France” on Sept. 10 by boycotting work, schools and shops.
In a speech Tuesday to the C.F.D.T., France’s biggest labor organization, Mr. Bayrou said lawmakers had “13 days to choose between chaos or responsibility.”
Mr. Lombard, the finance minister, said that without urgent action, the interest rate that France would have to pay investors to buy its sovereign debt would surge within two weeks past that of Italy, another big European country with troubled finances. If that happens, “we will really have fallen to the bottom of the pile in the European Union,” he said.
What’s it All About?
The crisis revolves around Eurozone fiscal rules. The EU never enforced its Growth and Stability Pact or Maastricht Treaty rules. But now it wants to.
France is one of the worst offenders.
Compliance Rules
- Deficit rule: a country is compliant if (i) the budget balance of general government is equal or larger than -3% of GDP or, (ii) in case the -3% of GDP threshold is breached, the deviation remains small (max 0.5% of GDP) and limited to one year.
- Debt rule: a country is compliant if the general government debt-to-GDP ratio is below 60% of GDP or if the excess above 60% of GDP has been declining by 1/20 on average over the past three years.
France’s general government gross debt is projected to reach approximately 116.0% of its GDP in 2025.
France Budget Deficit and Debt-to-GDP 2024
Financial Crisis in Europe With France at the Epicenter
Please recall my March 27, 2024 post Expect a Financial Crisis in Europe With France at the Epicenter
What’s the Basic Problem?
Eurointelligence says “Technology is the main cause of the decline. Geopolitics is what accelerated it.”
Technology is not the problem. The Maastricht treaty that created the Eurozone is flawed. And it cannot be fixed without unanimous agreement
The EU Is Dysfunctional
In a single word, the EU is dysfunctional. That’s the problem, not technology. The Maastricht treaty itself is a big part of the reason the EU is dysfunctional. The Euro itself, with one common interest rate, is fundamentally flawed.
France is Ungovernable
On July 7, 2024 I noted France is Now Ungovernable Following a Pyrrhic Victory for the Left-Green Alliance
I did not expect National Rally to win a majority, but nor did I expect a third place finish.
Success for Macron?
This was no victory for Macron who called snap elections. Macron’s Ensemble coalition currently has 249 members of the National Assembly.
After this “win” Ensemble will have 150-170 seats.
Macron will come to regret the elections.
Debt Brakes and Treaty Requirements
I discussed the above Tweet on June 21, 2024 in Debt Brakes and Treaty Requirements About to Smash the EU.
The EU has launched an Excessive Debt Proceeding against France. It won’t stop there.
Hoot of the Day
To achieve a government debt-to-GDP ratio of 60 percent, EU countries will have to reduce spending or raise taxes by 2 percent of GDP, on average, every year for 46 years.
That also presumes no recessions or other emergencies in that timeframe. And this is supposed to be a serious proposal.
Let’s just say it’s not going to happen. But these clowns are likely to try, if for no other reason than punish Le Pen.
Currency Crisis Awaits
Nothing has been solved because nothing can be solved. It’s politically impossible.
The French government is about to collapse again with France nowhere close to meeting debt brake and fiscal compliance rules.
If any party gets a majority in the next election, it will regret winning. No one is willing or able to address the mandatory rules.
I keep repeating the idea “a currency crisis awaits”.
However, things are so screwed up globally that a crisis can start anywhere. The EU, US, China, and Japan are all possibilities.
There is no fiscal sanity anywhere.
What is the exit from France’s problem?
It is almost appealing to us outsiders that the radical left seize power and go the whole communist revolution (economically) distance, seizing all the means of production and all bank accounts. Then no more loans to the government and, if past experience is any guide, after a little time they will have spent all the money they had seized and will either have to print money or cut spending. Printing money will lead in a short time to national impoverishment and an end to spending.
BTW, has someone suggested to France that they give up their nuclear weapons and their permanent seat on the UN Security Council? (And ditto, corresponding situation for the U.K.)
Some argue that as long as tax revenues increase more than interest expense, then the debt doesn’t matter. In France’s case, for example, the government collects 30% of GDP and the average annual nominal GDP growth is 3%, so that means it will roughly get 1% of extra GDP in annual revenue.
Meanwhile, an extra deficit of 6% of GDP will mean around a 3% extra debt to GDP next year, which at 3% interest rates will mean an extra interest expense of just 0.09% GDP, easily covered by the extra 1% of GDP that the French state is getting in tax revenue.
In 2024, US deficit spending to GDP was 3.9%. Even the EU would have put us on notice by now.
The real message here, if you have the courage to look at it, is that the US ratio of Debt to GDP is 123.3%
https://www.usdebtclock.org/
I suggest you put this URL on your Favorites Bar and look at it every day.
The whole EU is a scam run by unelected bureaucrats who are all unqualified.
A young guy 24, Youtuber and elected as MEP to show up in Brussels has exposed how the people are getting ripped off
Salary of a Member of European Parliament and perks:
8000 euros a month salary
3000 euros a month whenever he actually attends Parliament
30,000 euros a month for Team salaries
5000 euros a month for an office
4000 euros a month for promotions
10,000 euros a month for hosting visitors
Total monthly: 60,000 euros plus perks like a private driver, business class plane tickets
Folks that is 720,000 euros a year for being a MEP
All the EU countries are facing the impossibility of forming a government.
The reason is the cordon sanitaire applied to the so-called far-right.
In Germany, France, the Netherlands, and Belgium (and elsewhere) these parties have become so large that shunning them makes it impossible to form a stable government.
Why have they become so big?
Because the voters don’t agree with the party elites/cartel.
The main bone of contention is that all these parties have colluded with the project to gradually change the composition of the population, with appeals to EU rules dictating TINA (There is no Alternative).
Nobody who is pushing the war against Russia, 5% of GDP for war, expensive energy, and subsidies to mitigate the energy crisis, can possibly win support once these things are translated into budget policy and austerity.
I live in a country with a trillion m³ of gas that can be pumped up without drilling, but they have elected to keep it in the ground because of climate change, even as they buy expensive Qatari, Russian, and American LNG instead of cheap Russian pipeline gas while investing billions by the hundred on hydrogen projects.
Of course we don’t buy Russian gas. Russia is a threat, and fighting an active (hybrid) war against europe. Northern europe is doing well enough. It’s paying for the south who resist any form of accountability that’s the problem.
Apparently, as of 2025 only Austria and Finland are compliant with the EU’s Deficit and Debt rules. The U.K. government is also raising the possibility of the IMF intervening in the U.K.’s own budget crisis.
Why is the EU Commission taking on France first and raising the specter of IMF intervention? France pretty much drives the EU Commission, so this seems to be a political power play, and a gamble.
The question is whether this is a gamble intended to succeed or fail. Surely a “band-aid” will not satisfy the EU. So maybe the gamble is to force a train wreck. I see two outcomes: less likely (to me) is draconian spending cuts or tax increases, to set a precedent for other out-of-compliance EU nations. More likely, imho, is that this leads to a change in the EU treaty to relax the debt rules. As Mish stated, it’s the treaty’s rigid deficit rules that are the root cause of this problem. The EU has become an “austerity zone” with growing political and economic distress. In effect, the rules have so sapped economic vitality that still more budget cuts to comply with the deficit rules just makes the problem worse in a vicious cycle.
The EU Commission must understand that the rules preclude a vigorous EU response to exogenous events like a pandemic or a war (Ukraine), and a likely need to ramp up military spending.
The original driver of these rules in the drafting of the Maastricht Treaty was Germany. Now Germany is in its own big deficit hole, so maybe the time has arrived where a unanimous vote to change the Treaty has arrived?
Dithering means the far-right (Eurosceptic) parties will be victorious in the next elections, because these problems will only get worse — much worse.
“Why is the EU Commission taking on France first and raising the specter of IMF intervention? ”
To block Le Pen and her party as they may win the next election
Thank you!!!
They can’t block Le Pen.
Everybody knows we are bankrupt .Economy is broken.
Too many taxes,zillions of government employees who don’t even show up to work,inflation crushing everybody is accelerating the fall.
If the IMF brings in the Milei teatment,then ok.If they keep raising taxes and keep confiscating people’s wealth it’not going to work anymore.People are starting to be broke.
Same old shit than Venezuela or Argentina,except we are not yet that poor .
Same thing in the UK.
Although in Germany there are several areas that almost upset the apple cart. That lying Merz promised alignment with those areas and 3 days after he was “crowned” he reneged on his promise to the southern deutchlanders (that filthy liar). He is as horrible as Macron.
As I said on this thread, EU needs a “wrecking ball “. And I hope the French people have a Ropspierrie moment and mandate for Le Pen. She could do for France what Javier M is doing for Argentina. AND I hope someone takes the USA up on the bounty on Maduro. Fifty million is a decent bounty. He deserves Gitmo.
I hope Maduro orders the drones to attack our fleet off his shore.
Nobdy has real faith in Le PEN,but her program and her team are the most decent.EU is corrupt and is not a solution anymore.Will it break?
Not true.
Finland is at 83.6% debt/GDP, not less than 60; deficit in 2024 was 4.4% of GDP.
Austria is at 87.7% debt/GDP, and 4.7% deficit/GDP in 2024. They are not even better than Germany.
Closest to compliance may be the Netherlands at 43.3% debt/GDP in 2024, but threatening to go over the 3% deficit rule in 2025.
There will not be an IMF intervention in EURO. The central bank will print money and buy the particular government debt as it did in the past.
The Maastricht treaty is not some straightjacket but a rule to keep the government spending in check so the need for such bailout doesn’t happen.
Naturally, it already failed as there is always one exception after another.
“The central bank will print money”
They are already doing it.Where do yo think our inflation comes from?
Officially it’s 1%,in the reality,most prices grow around 8% each year.
ECB has been cuting rates to 2% with no effect except maybe save the bond market.
Not going to work anymore.
“So maybe the gamble is to force a train wreck.”
Nihilistic accelerationism is in the news at the moment.
And the US debt to GDP is higher than 60% too and the deficit is circa 6% to GDP. So, we are in the same glue factory.
Yes our Ratio is higher than 60%. It is currently at 123.3%.
We are in the craul space, under the basement of the glue factory.
What disaster will be needed to allow the government to go BK? Will it be related to the African and Muslim immigrants in the country? Europe looks like a financially strapped powder keg and the government might be looking for a nice spark to distract the public from their failings.
Immigrants in too many cases is a euphemism for illegal. When a country has millions of illegals and a debt crisis then I don’t feel sorry for them. Billions spent every month on welfare costs, extra security requirements and prisons. That’s just the tax dollars. How many billions more is lost to shoplifting, vandalism and lost economic activity. My son has been to Paris and has no interest in going back to streets full of scum squatting on the streets or risk dealing with knife wielding pickpockets. How many other tourists, or locals, think the same way?
And even if local born to migrant parents France needs to deport any who have not integrated as they are mostly welfare leeches who burn cars in riots
Meanwhile Macon is focusing on more important issues such as recognizing a Palestinian state.
Everyone in France just got back from vacation so now they are ready to do something but nobody has an idea on what to do. Should be a fun watch.
Next? Nice bottle of Bordeaux with a fresh baguette and some cheese.
Just returned from France. Oregon wines are much better than northern French wines. And Board-dough??? Not impressed with the town nor their wines. South France has much better wines in my opinion. I did learn to love Rose’ from Provence.
I thought “France imposed economic sanctions on Russia to cripple its economy“.
UK too.
And Germany.
warmongers’ suicide pact.
Members of G7, world’s richest countries.
Lies.
Lies.
Lies.
My other semi-jovial remarks aside, I have one request: Let’s stop using the word “collapse” when a political theater closes the curtains for intermission, especially when we expect the show to resume with understudies.
Reserve the word “collapse” for a more serious event, such as if or when most voters leave the theater.
Crash, would be a good replacement word.
The bill is coming due for France’s African mercantilist slave empire.
Les poulets rentrent au poulailler.
Debt jubilee and democratize purchasing power with a 50% Discount/Rebate policy at retail sale. Wringing our hands within the present monopoly paradigm for the creation and distribution of new money is terminal orthodoxy and refusal to think a new thought.
Nothing will change until you recognize that you have to change the key problematic idea behind and within the system of Finance, in other words its paradigm. Until you cross that Rubicon you’re just an orthodox, even an erudite orthodox dunce.
A debt jubilee punishes those who worked hard and lived within their means. If those who owe the money want a debt jubilee then at the least they should be stripped of all assets and at worst forfeit their lives.
– A vote of confidence is scheduled. Expect the government to fall. > I am surprised it took this long. They are an absolute mess right now, and the leadership is vacant, or out to lunch, but either way, they are useless. They had chances and blew them all, and now they are stuck in their own quagmire of their own making. The Citizens of France deserve so much better, but not with this clown in office…
>> Le Pen is probably their only hope for fixing the issues at hand. She will not punt, and watch the Country tank as a result! She may be the only viable alternative to turn this ship around. All other parties would continue to add misery to an already broken system. There is something to be said for having a “True Leader” of the People. She can and will do that for them, in spades!!!
Yet look at the lawfare staged against her. The left has waged a war against her. Just like they did against Trump.
Will they be brought to justice?
I suspect you are right about Le Pen.
The same thing happened in Venezuela.
“When will they ever learn…” Perhaps Mish can put up a video of that song. It’s very appropriate.
I hope the French people wake up. I also hope the American people wake up.
Trump is the “wrecking ball “. Who in Europe has the guts to do the same???
Who will be the next sheriff in town?
Are we thinking ten years into the future???
Is Europe??? They are in meltdown.
Are we next?
– Yet look at the lawfare staged against her. The left has waged a war against her. Just like they did against Trump. > Much like Trump, LaPen is a proven commodity, so to speak. Also like Trump, she doesn’t like being told what’s expected of her, or told what she will do. She will do what’s best for the Country, like it or not, and the Citizens will Love Her and what she accomplishes, again, much like Trump did!!! The ruling party will be pissed off, and try to deter her every step of the way, like they did here against Trump, but like here, it won’t work there either. They see what they lost in America, and now it’s beginning to occur in France, and elsewhere. It could become a “Worldwide Movement” if a few more latch onto it, and I don’t see why they won’t in droves, once they realize how much good it will do for there country as well!
– Will they be brought to justice? > No they were all elected like here, but if they did nefarious things, and are found to be corrupt and were irresponsible with the Taxpayers Money, like they were here, then you can bet they will pay dearly, as they are in America!
– I hope the French people wake up. > They are officially awake, so now what are they going to do about it, and will they be allowed or be able too is the real question. It was touch and go here for a bit.
– I also hope the American people wake up. > America is Wide Awake!! They see the BS and what been happening. The Democrats are under 30% and have been for awhile now, and it will probably get worse. The Republicans are over 50% on middle of the road polls and in the 60’s in some of the consistently correct pollsters from some polls I have seen or were sent to me. Not worries at all about America!
– Who in Europe has the guts to do the same??? > Many do, but need to have safe passage to do so. They are working behind the scenes to make moves as they become available, but the Core of the EU is opposed to anything other than what they have done and destroyed, and wish for much more of the same. Europe has equally started to destroy themselves here and there, but 6-8 Countries are standing firm, or fighting every step along the way.
– Who will be the next sheriff in town? > I suggest a multi faceted approach with Countries joining together. I could see Hungary, Poland, Italy, Greece and others joining together as things unfold. Once they get it going in the right direction, it will be easy to snowball it from there. People will love the results and back and support it every step of the way then!
– Are we thinking ten years into the future??? > Maybe 5 but perhaps less if they take a real hard stand, and have U.S. Support and backing, along with a few others… This is not an option for the survival of these Countries. Some may already be gone, and France may be at the top of the list to FALL FIRST IMO. Where are they at now? Maybe 40% there, and with another big immigration push, could easily approach 60% real quickly IMO. No Go Zones very rapidly Grow, Prosper, and are Unaccountable to ANYONE!!!
Nicely put
What’s next? French will become poorer than Africans.
Maybe that will cause the Africans to self-deport.
Or just simply take it over, and then change it. Slowly at first, like now, and then all at once. A giant well timed and placed immigration push with massive area takeovers, and your going to spend a decade just trying to undo that… if even possible at that point. These No Go Zones are armed, lethal places you just don’t go into. Unless you have an army behind you, and are willing to fight and die for the cause. It won’t be the Leaders, or their children, but rather YOURS! Up for that France? I don’t think you are, and I see hands in the air almost immediately if it gets really violent…
The UK is arguably in even worse shape. Look at their 30-year bond yield.
Encouraging and funding more immigration by radical Islamists is the financial priority.
The E3 will spent $2T on rearmament to beef up their shuttered industrial base. Demand for highly skilled workers will rise along with trimming entitlements. Tariffs, tax collection, smaller gov along with inflation… will cut debt.
In the Netherland the gov collapsed and not bc of debt.
Most of Europe is now facing massively high Government debt levels, especially in countries like France, Italy, Greece and now even Germany. Overall the ECU coalition has been declining in competitiveness in Global markets for years now.. France is the current Canary from the ECU coal Mine and the big question is which Country among the ECU will be the first to collapse? Will the whole ECU experiment collapse with it?
France used to be the” too big to fail”country.
But when you use this weapon to much you fail!
Hoot of the day: Bayrou popularity sank bc of debt. bs. Macron isn’t popular bc he caved in to Muslim immigrants. Nigel Farage reform party, in the UK can win 300 sits in the parliament, if election held today. He is more popular than the Labor party, which sank in the poll, and the occupied conservative party by Badenoch from Nigeria. Muslim immigrants don’t want to go back home. They hate the colonialist oppressors, but too weak to fight them. So, they organized anti Israeli protests with the radical left.
And most do not have a job and they and multiple family members are on welfare.
But you are not allowed to say that because white liberals gotta virtue signal
Newly born babies named Muhamed proliferate in London, Paris and Berlin.
White liberals voted for AfD in Germany. They will vote for Nigel Farage. The trigger: pro Palestinian protests: Swim in blood or swim in the Sea. It boomerang on them. Hamas and the radical left are cancer cells. They metastasizing in the UK, France, Germany, Belgium and Italy. NATO cannot fight this type of threats.
NATO is laptop dog. It barks. It barks a lot loudly.
They can virtue signal as much as they wish, in 3+ years they are likely to be in opposition for decades, the angry white non woke male & female have had a guts full.
“If any party gets a majority in the next election, it will regret winning. No one is willing or able to address the mandatory rules.”
The Great Reset. What is a reset? Game Over, as the video game screen displays. In Biblical days, every 50 years, a year of jubilee. The same scenario just keeps repeating, as that is what cycles do.
Mandatory rules are made to be broken, when they get in the way. Thus the U.S. and everyone else went off the gold standard. Glass Steagall got in the way, so it was dismantled. Leverage limits for the big investment banks got in the way, so they were waived. Home lending rules got in the way, so fog a mirror, buy a house. In the end, what happened? Investment banks failed and people lost homes they couldn’t actually afford.
What does suspending the rules do? Delay the inevitable. It doesn’t eliminate it.
“In Biblical days, every 50 years, a year of jubilee. ” What BS!!!
There is no historical record of a “year of jubilee. ” ever happening.
Do you know what the historical record is full of??? WARS!!!
It’s hard to be this wrong this confidently but yet here you are.
I think we should look at a rediscovered theory of money where money is debt and not an exchange of goods and services. We exchange debt or bond which is bondage. Another form of slavery or in this case indentured servitude. The question we should all be asking is what happens when a country goes bankrupt? Revolution and wars. Is this an ad to buy Gold and hard assets using deflating debt?
Actually, debt jubilees were common practice in the bronze age, for millennia, and there is plenty of evidence in the clay tablets, most of which are administrative artefacts. Debt jubilees were most often announced with coronations of new rulers. We also know that debt cancelations (and freeing of slaves, since most slaves throughout history were debt slaves) applied only to agricultural debts (not silver-denominated commercial ones) and that the economy thrived in the wake of such cancelations.
By the way, the Bible indicates that the reason for and the length of the Babylonian captivity corresponds with the number of jubilees not executed faithfully.
Seems like a great time for Europe and the US to have a fresh look at recent developments in Argentina and then act. I do not hold much hope for our dastardly cowards in high political offices to administer the appropriate measures, namely tough love wrt getting the budget balanced. The US is broke, time to admit it.
For me, as long as the US has military advantage – the US currency will be propped up by the threat of military action.
I doubt military advantage or stated another way, greater ability to destroy infrastructure, will out do dollar destruction by the fed lowering interest rates.
USA does have all kinds of network effects to draw on, unlike some others, to lend value to whatever it uses as a currency. Alas, much of that is being attacked with baseball bat as we speak. Some of that deserves to be. A new order, perhaps.
Please write a post about Britain (or whatever it is called today) to really scare the children.
Who will be the canary in the coal mine is the big question.
WTF do you think it’s called, can you even find it on a map. I’ll give you a clue, its an awkward shaped island off the coast of Europe ( a land mass 2k miles east of Atlantic City) I think the US stand a good chance of being that unlucky bird.
france is on the precipice of deciding to return to the french franc to prevent the collapse of france
sovereignty is not a way out, it’s they way forward >
either the euro goes away, the franc returns, or france collapses under its own weight of collective chaos.
the leader there is a spinless jellyfish waiting t for the e/u to tell it what to do next
a strong leader is needed there. viva liberdad
the french society has an identity crisis . it isn’t sovereign. a nation w/o a sovereign currency and its own central bank is not a nation to begin with.
And where is the 5% of GDP Spending for NATO . . . This is such a JOKE and Germany, the U.K., and Italy and are in the same mess with collapsing economies !
Buckle up its going to be one hell of a depression . . .
Maybe France, the rest of Europe & the US should stop warmongering & burning billions & trillions on war weapons. They want to slash the citizens bread & spend 100x more on war weapons & warmongering.
Say “Hello” to a new world order. Citizen’s bread, or at least their meat, will get slashed anyway.
“Notice that the “austerity” measures do not cut spending. They only freeze increases.”
That is the definition of cutting in gubberment speak.
Being cold is the opposite of being hot.
If everyone is HOT, no one notices. There is no relativity factor, and thus NO ONE is worse off than anyone else.
IF ALL COUNTRIES act in the same way fiscally, we are therefore relatively the same and no one will be in crisis.
If everyone has the plague no one dies?
If everyone has the plague,nobody gets worse!
“When all else fails they (France, Brits, Germany) take you to war.”
“We would have gotten away with it (fixing their economies) if it wasn’t for those meddling kids (Vlad).” – the villains at end of every Scooby-Doo show.
Western / Central Europe swirling in the bowl – flush twice. That should have been the U.S. strategy in 1914.
– “When all else fails they (France, Brits, Germany) take you to war.”
> With what? They have limited army’s at best and ALL of there vehicles are toast to Drones. They have no arsenal to speak of, and no army to use it if they did.
>> The UK probably will have a hard time heating their homes this Winter, and France has nothing to fight with but words, and without leadership they have zero direction anyway.I honestly think the French would not be able to defeat themselves…
I forgot…
Germany is so infighting now, that they can’t even defeat the imposters that they allowed in. They are toast already, so we shall se what they do next. Maybe an example for the others to follow… maybe?
“However, things are so screwed up globally that a crisis can start anywhere. The EU, US, China, and Japan are all possibilities.
There is no fiscal sanity anywhere.”
Everyone is in the same Kobyashi Maru. Captain Kirk had to cheat, in order to beat the no win scenario.
Well put. But Kirk won the TEST. There are no winners in the real world.
In Freedonia, you can vote on the personalities and parties but not the policies, because that’s set by genocidal pedogarchs.
Fortunately, I’m referring to a fictional place.
Oh really. Have you been to Oregon?
Hahaha. Yes, I have. :-). And though I once considered living in the rural parts, I wouldn’t do that now either because our lords and ladies will screw that up too.
If you’re offering it as an example, I agree. If you offering it as an counterexample (to my claim oligarchs determine policy), I suggest “dumbing down the people” is an oligarch choice that manifests in wonderous ways. Seems most don’t see such a strong connection though.
Australia too.
It’s a personality contest between the WEF inspired contestants and others who are character assassinated by the lefty media.
So basically we have a crumbling Europe, an about to USSR-splode America, a completely out of commission Russia, a third world that’s starting to catch up, and China just sitting there doing what looks suspiciously like the economic version of stuffing rocks into a sock. Really encouraging!
the entire european/euro concept is dismantling itself in lockstep with the american dem party in real time.
fragmenting, dissolving. the first out are the only winners. the u/k is proof
it is spent , a dying virus on it’s last leg
Yeah the UK and it’s 1984 meltdown is a real winner lol. Definitely not the most pathetic country in Europe no sir!
The German Chancellor just said Germany cannot sustains its welfare state, as is. Presumably this is nudged along in part by the USA’s refusal to keep everyone’s security umbrella in place and eat the bill. This debt wall is a looming issue across developed countries. There was too much casual overconfidence in Europe (and the USA) for decades. Could it break up the Euro area? Back to the 1930’s future?
It worries me that the Blackrock Governor of Germany can’t find money for the serfs. I worry this means he can’t find money to pay for more weapons and the psyops to encourage their use. Someone please put my mind at ease.
No one replied yet. So I took it upon myself to search. First result:
https://investinglive.com/news/germany-will-set-up-500-billion-special-defense-fund-20250304/
Thank god!! I was worried the warlords would go hungry!
He’s been saying a lot of things and acting the opposite.He’s not more than that.
France needs to hire the wall street banker wizards that know how to hide losses and bad news. The link below is very informative on how US banks are hiding and shuffling losses around.
https://www.youtube.com/watch?v=f93kKmD4jDU
The EU needs to figure out the same game. It’s all a global fraud now. Tread cautiously.
Yes, it’s all a global fraud now and the gold price ain’t buying it.
Are they pulling the guillotines out of storage?
Didn’t Greece pull themselves out of the same situation although they had a loaded gun pointed at them.
But if there is no solvent savior to bail them out, to re-paper the debts? The globe’s possible crossroads, for USA too.
Greece was bailed out by ECB. It worked because it was small.
Question: If the phrase ‘He who panic’s first, panic’s best’ is true then wouldn’t you want to be the first country to have a currency crisis rather than being one of the later or last one to do so? Especially since it appears likely that once begun it will reach all countries via a domino effect.
But being first out of the burning theater presumes there is some value to trade into on the way out the door, right? The model I think of is being first to trade falling stocks into cash, as one hops across that threshold. Because there is a tomorrow. And here, there is a single multinational currency. How does that fit? (I’m not sure I’m making sense.)
No risk of a major crisis for Euro apparently.
France is the only country in Europe with such a poor management for such a long time. Apparently, it is impossible to be so bad in the long run, unless some or all of the guys at the top do not work in France’s s own interests.
France was a great country before, but some wanted to make it a powerless regional state in a larger Europe dominated by the US.
Job done !!
The main culprits are the voters who have brought incapable and harmful politicians to power for over 50 years. Each new elected official was worse than the previous one. These voters, the majority of French people, will have to clean up their heads. Especially the older ones: it will be hard to admit that they have been continually wrong, and that they must throw in the trash everything they had previously acclaimed, especially the European Union.
“The main culprits are the voters who have brought incapable and harmful politicians to power for over 50 years.”
Obiously, but this lets suppose that you consider that France is still a democracy… and that French voters are able to understand what’s going wrong in thir own country.
Message from France
People pulling their noses out of their behind is impossible by nature. Just have a conversation with an average person.
Like abace, I have mixed feelings about this. The oligarchs use their media to shape weak-minded people’s perceptions about who is electable. In this abusive relationship, do we blame one or both? I do blame “both” and therefore agree with you.