Wednesday, July 8, 2009

Blaupunkt Gta Special Mk 2

of government bond

Voila! We'll talk about the economy, the Main Ecôôônomie.

And this is important because it concerns the lives of people every day.

And recently the State men's (I prefer the concept of practical men of the state that the term abstract state, because behind this concept there are men, Vui Vui human beings of flesh and blood like you and me) have decided to borrow money from its citizens to save the nation from sinking.


government borrowing, borrowing citizen, civic borrowing, etc ...

is passed to the ad as something unique, as if the state never borrowed, and now suddenly caught in this storm is called the crisis the state to keep Cape, has no alternative but to rely on the generosity of its citizens.

There were borrowings of this type in the past;

the loan in 93 Balladur,

Giscard the loan in 73,

great moments of national communion, where the people is the aid of the State at an interest rate (which anyway will be eaten up by inflation).

But I'll tell you one thing, the government borrows now, regularly, every week on the financial market. These are the famous Treasury bills. And you know what? the French government is in debt and its budget the second item of expenditure is allocated to debt repayment.

And I have another info, us, nice people, we already prepared the State.

example with our lives whose insurance money is placed on government bonds. Ie that lends money to the State with an interest rate.

Today 60% of the French debt is held by foreigners, so 40% is owned by French!

But why this new loan !?!!!

We are told that because the state has more money because of its huge debts (on other loans) and insufficient tax revenues during these tumultuous times of crisis. But if the people of France lends money to the state, the state will still go into debt! We dig a hole to plug another! And to repay the loan the government will still have to go into debt (to dig another hole)?!?

And then there's a concept even stranger than the possibility of a state debt.

If the government borrows, it must repay.

With what money? The

another loan?

There is another way. The State

(Men of the State) receives his money by any means known to us all: Taxes!

tax is his livelihood (especially the men of the state).

Money taken from the taxpayer.

The taxpayer is we, the citizens of the people of France.

men whom the state wants to borrow. To us, the same citizens of France who pay taxes.

I lend money I am paid with money taken from the fruit of my work?!?

Men of the State simply reassumed the role of intermediary, without creating the passage and especially by taking a margin on the money flowing.

As Bastiat said " It (the State) has two hands, one for receive and one to give, in other words, the rough hand and the gentle hand " to continue " State can take and not surrender. It was seen and explained by the porous and absorbing nature of his hands, which always retain a part and sometimes the whole of what they touch .

So I do pay my own money.

And if I have more money ..... for example in times of crisis.

In a loan, a real one! I lend money to someone who needs because it does not.

example to start a business. It will produce goods or services or whatever, so create wealth and part of that wealth will come to me on repayment of the money I lent.

Obviously I get a little more than what I paid. And this is a bit more interest on the debt. It will be even greater if the guy who I lend money seems unreliable to reimburse me. I take more risk (one day I would speak of the debt).

But he who shall repay this debt has produced some things. The money he will make me he did not forcibly taken, no, he as it were created by his work (in fact by the free exchange).

The state, he does nothing, creates nothing or very little.

We will say, "Yea, The State creates wealth, look at roads, bridges, they serve everyone, and allow the economy to function."

I answer then "Yes, you're right, roads and bridges are quite useful! And without them no goods ranging from one point to another of France or Europe. But these roads and bridges have been built by private companies! Who were paid by the state, so for the money the taxpayer, you and me, including money following the work of these companies have built these roads and bridges, etc. ...."

It's like the government bond.

Nothing new under the sun.

"And SOE!" Encore! "They are all in deficit! "That's why we borrow, or we privatize when we have no choice.

This little bit reminiscent of a circus Madoff, he borrowed money to people with interest rates high that it would repay later with money he borrowed from others, by taking a little bonus along the way. And then the little play was stopped when the flow of money has dried up during the crisis.

But the men of the state is a thousand times Madoff. Even in times of crisis, they still dare to ask us for money.






0 comments:

Post a Comment