Revelations 6:4 “And out came another horse, bright red. Its rider was permitted to take peace from the earth, so that people should slay one another, and he was given a great sword.”
Important Takeaways:
- France: A ‘Field of Ruins’
- France, once again, is on the verge of chaos.
- The subject of the discontent is the adoption of a law reforming the pension system in a minimal way: the legal retirement age in France has been set at 62 since 2010; the law raises it two years, to 64.
- Neither members of the government nor economists on television dare to speak the truth: The French pension system is collapsing. The reform just adopted will not be enough to save it; just allow it to survive a bit longer.
- The system has been bankrupt for years, but its bankruptcy is growing more costly.
- The French pension system is not the only system collapsing. The country is facing a much larger crisis.
- The French health insurance system, also based on mandatory contributions deducted from salaries, also is in terrible shape.
- Food prices in 2022, meanwhile, increased 14.5%.
- The center-left and center-right parties are dead. Neither the Rebellious France Party nor the National Rally Party would be able gather enough votes to constitute an alternative majority. The political situation is blocked.
- “A modest reform based on an implacable demographic observation has tipped France into an existential crisis in which everything is wavering… A much deeper malaise is rising to the surface. That of a country haunted by its decline”. — Vincent Trémollet de Villers, Le Figaro, March 23, 2023.
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