CONTACT #65 | 50 ans de croissance à crédit - Raphaël Rossello (par Stéphan Bureau)

Don't miss the next videos. Subscribe to @contactpodcast At a time of record deficits in France, Quebec, and elsewhere in the world, investment banker Raphaël Rossello poses a troubling question: Has the growth of the last 50 years been fueled by debt? Did we borrow to maintain our comfort, even though productivity gains were no longer sufficient? An illusion constructed by a "managerial" class that no longer engages with the real world to create what is called wealth. The banker's hypothesis raises other troubling questions. Has the price of gold been artificially locked in for years? Does the US dollar reflect its true value? Are our assets, our small fortunes, also inflated by artificial growth? The banker's answer to this last question is not reassuring. Take the balance of your assets and divide it by 2, or even by 3, to get the fair value! Raphaël Rossello is a dissident banker who rejects the idea of ​​a happy globalization. A pact signed, he says, with the Devil of the market, which has led to the weakening of 500 million Western citizens, victims of what could be described as the offshoring of the middle class. Rossello has taken more than 100 companies public during his career and authored several books on economics. His most recent is titled Tomorrow: The End of Carelessness? Official links:   / stephanbureaucontact   https://contactmedias.com/ https://linktr.ee/contactlepodcast   / contact.lepodcast   00:00 - Intro 00:50 - Managers rule the world. 04:54 - Neoliberalism is dangerous. 09:04 - Happy globalization? 16:17 - The end of progress: "Science no longer produces anything significant." 22:21 - Our economies have been stagnant or in decline for 50 years. 29:39 - The price of gold is locked down. 38:39 - We are two to three times less wealthy than we think. 43:57 - "The market is completely disconnected from the reality of growth." 51:35 - Fostering doubt to combat neoliberal orthodoxy. 58:24 - The social crisis is a greater threat than the climate crisis. 01:01:40 - Our comfortable lives are not immune to unpleasant surprises. 01:06:58 - The dangers of a world living on credit. 01:08:56 - The expropriation of savers? 01:11:24 - The reign of the "experts" who do not create wealth.