Macron wants to “Free” your savings. Now it’s time to be afraid
French Head of State Emmanuel Macron spoke out yesterday on Twitter in favor of better financing the green and digital transition, national defense and economic security, mobilizing and releasing savings in Europe.
In a short tweet published on April 18, 2024, the President highlighted the need to create a “Savings and Investment Union,” but provided no further details on what this would entail.
To finance the green and numerical transition, our defense capabilities and ensure our economic security, we must mobilize and free our independence in Europe.
This is the sense of the Union of investment and investment that we must build.
— Emmanuel Macron (@EmmanuelMacron) April 18, 2024
To finance the green and digital transition, our defense capabilities and our economic security, we must mobilize and unleash our savings in Europe.
This is the purpose of the Savings and Investment Union that we must build.
Obviously it is a one-way freedom, in the direction desired by Macron.
A response to several contemporary crises with citizens' savings
According to President Macron, this new type of financial mobilization is necessary to respond to several important challenges of our time.
It refers first and foremost to the green transition and the digital transition, two important trends that require massive investments. Whether it is financing renewable energy projects, energy renovation or the development of new technologies, Europeans' savings could play a key role.
The financing of our defense capabilities was also discussed. At a time when international tensions are rising and NATO appears to be in transition, the financing of the armed forces is a growing concern for several European countries.
In short, for Macron, money must be "freed" from what are evidently the chains of his bank account, where, poor thing, it is a prisoner, so that it can be freed and therefore spent well. This, of course, is defined by him and his environmental and foreign policies.
Freedom of movement of capital, but only in its own interest
Obviously, Macron does not want absolute freedom of movement of capital; if it existed, the money would move where it pays more, leaving the European coasts. What Macron wants is the freedom that sheep enjoy when they leave the stable, that is, the freedom to follow the shepherd, commanded, perhaps taken to where they will be sheared or slaughtered.
If capital were truly free, it would invest in the most convenient combination of risk and return; it would be sufficient for investments linked to alternative energy, defense and so on to be more convenient, from the point of view of this combination, than the others. Ultimately, these are free market choices that should be up to people.
Unfortunately, the free market is not what Europe's elites want. They just want you to throw money at their toys, from electric cars to guns. He does not have the right to spend or invest his money freely.
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The article Macron wants to “Free” your savings. Now is the time to be afraid comes from Economic Scenarios .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/macron-vuole-liberare-i-vostri-risparmi-ora-e-tempo-di-aver-paura/ on Fri, 19 Apr 2024 18:30:24 +0000.