This week I left my attic, to go to Philippe Béchade’s veranda and discuss with him this pandemic which has now lasted for more than a year, of course the economic consequences of the thing and the forecasts that can be made. outline for the coming months.
Very sad anniversary, which for many of us we celebrate in a “confined” way.
Our findings are relatively identical.
We never got out of the 2008 crisis.
We are accumulating too much debt and too quickly. This pace will not be sustainable.
The Maastricht criteria in practice have been shattered.
So what remains as a solution?
Inflation, as always.
For Philippe there will be indexation of wages in one form or another to make it socially bearable and I share his opinion.
For inflation to run away, for it to be created, wages must follow at least in part.
We will end up printing so much and more by paying the money directly to people. This is already the case in the United States where there is no RSA and other social assistance. In France we will strengthen them.
It will take time.
It will be gradual, but we will have no choice.
The only solution ?
The danger ?
It is already too late, but all is not lost. Prepare yourselves !