2020 My savings in danger! With Thami Kabbaj, Philippe Herlin, Me Lecoq-Vallon, Me Feron-Poloni (Media Investigation)

Reminder: a total or partial withdrawal Purchasing power: the big lie (France Culture)

Reminder: a total or partial withdrawal How the Euro ruined France...

Reminder: a total or partial withdrawal The permanent crisis (Marc Chesney)


Welcome to Media Investigation for a fascinating debate in these troubled times:

In 2020-2021, are French savings in danger?

With our experts for this 3e editing :
Thami Kabbaj https://www.thamikabbaj.com
Master Hélène Feron-Poloni http://lecoqvallonferonpoloni.com
Master Nicolas Lecoq-Vallon http://lecoqvallonferonpoloni.com
Philippe Herlin http://www.philippeherlin.com

The lines of thought in this expert debate:
- Did our experts get it right in the last two videos (2012-2014)?
- 2020 Top start? Are my savings in danger more than ever? For what ?
- What to expect ? Is the coronavirus just the first cool Kiss effect? Is the coronavirus the catalyst for a deep crisis?
- What is likely to happen in the coming weeks / months - The different scenarios...
- Their valuable advice

And as many questions in 2 hours of debate, a gold mine, your best investment in times of crisis:

Why is it important to do a show like this today?
Is the disaster announced?
Is it a fatality? Can we still save furniture (worldwide, in France, for savers)?
Reset on my heritage?
The fiscal aspect threatens
Who will be the victims? The most modest savers? The least informed? The most rich ?
Are we in a crisis with many faces?
Towards the currency crisis?
Are we approaching a breaking point?
What are the origins?
Did you want to save in 2008 a system that was not viable?
France is borrowing to pay its debt! A crazy Ponzzi scheme...
 
Will we pay for these mistakes? Over-indebtedness of states and households...
 
Can we still repay the debt that is multiplying following the health crisis?
Is it possible to erase it? What consequences?

Everyone has debt? In banks, with insurers: life insurance, booklet A, Codevi, PEL, etc.

The danger of using leverage
 
With Covid 19 as a catalyst, this crisis is unprecedented. Despite everything, what references can we find to this global crisis? Argentina, Germany, crisis of 29?
 
Too big to fail?

Measures put in place to fill the hole, the savings of individuals are targeted?
Are emergency funds to preserve savings serious?
 
Link between France's debt and French savings
Savings are the counterpart of sovereign debt products
When you put money in the bank, with an insurer, you are a creditor of the bank: questioning the solidity of your bank and your insurer, their practices (trading, leverage effect), their products, their props...

So far, so good ? The state borrows to pay its debt, but at low rates and even negative rates
Is a return to balanced budgets still possible?  
 
How to finance the state?
1) levy tax
2) make debt (future tax on the financial wealth of households)
3) tax savings, puncture the savings and heritage of the French
 
Freezing of accounts / punctures on accounts, how can this happen? Fiction for the moment, it can become a reality since it is provided for by the SAPIN 2 law

Who will pay ? The richest (often the best informed)? Also the less rich (little money but many)?
Example of Cyprus: all accounts over 100.000 euros preserved (but there was European aid)

General drain on savings? Taxation of receivables: booklet A, life insurance, deposit accounts, current accounts, etc.
Where will they get the money? In household savings?

How to guard against this risk?
 
Risks on life insurance?
 
Who are the responsible, the culprits?                     
Politicians, banks, insurers, savers, those who vote, since when?
 
Raise the taxes ? Cut public spending?
Is economic collapse possible?
 
A crisis type crisis of 29?

A Ponzzi scheme?

Towards the ruin of savers?
What about guarantee funds?
 
What solutions?
Choice of the strongest banks
Limit amounts in several banks
His money abroad?
How to diversify your investments?
Physical or paper gold, what to do?
Bitcoin?

Should we restructure the system, modify it completely?
Can you have absolute confidence in your financial advisor?
Banking panic - Bank run possible?
What safeguards? Role of Supervisory Authorities?
Risk of institutional default: Fatality or are there remedies?
The big one?
Does the legislation cover misconduct?

 

Source (s): Youtube.com via Anonymous Contributor

Additional information :

 
My Savings in Danger Conference 02 06 2020

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