To save France from bankruptcy, Macron may take the savings of all French people

Photo: AFP

Jean-Pierre Fourcade (photo), former Minister of Finance, proposes “using the savings of the French to finance the debt”, writes French ‘Business Bourse’.

Jean-Pierre Fourcade, former Minister of Finance, recently suggested mobilizing the savings of the French to cover the public debt. Such a measure raises many questions, particularly on respect for private property and trust in economic institutions. As these discussions gain momentum, investing in tangible assets such as gold can offer effective protection against possible theft of savings.

The idea of financing the public debt through savings raises major concerns. Such an initiative could lead to a loss of confidence among citizens in the financial system and cause a flight of capital. Faced with these uncertainties, gold presents itself as a timeless safe haven, capable of preserving purchasing power even in times of crisis.

With public debt reaching record levels, governments are looking for quick solutions to contain the situation. However, mobilizing citizens’ savings risks causing a domino effect on the economy and national confidence. Gold, on the other hand, remains a long-term solution that allows us to move away from the vagaries of public policies.

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