Use access key #2 to skip to page content.

alstry (< 20)

The Fools and France



October 25, 2010 – Comments (6)

It is funny to read some of Motley Fool's, and much of America's persepective on France.  Most go something like this....oh those silly or spoiled French, they are rioting because they don't want to work an additional 2 years from 60 to 62.........while we work until much later than that here in the hard working America.....or Germany, or England.....look at us hardworkers SUCKING IT UP.....

There seems to be a lot of sucking going on these days........

But the rioting in France has actually very little to do with raising the retirement age.....many don't realize that France Telecom has one of the highest suicide rates of any industrial company in the world.......and the prospects for a young French person to get a decent job is now somewhere between nil and non existent.

So by raising the retirement makes it even harder for younger people to get a job as those working will continue working longer.....thus, the real reason for the rioting is the younger people want to work but there are really no jobs to go into.....and raising the retirement age was simply the straw that broke the camel's back.

Do you ever see a headline in America like this...FRENCH STUDENTS RIOTING BECAUSE THEY WANT JOBS?

Now we in America will be watching TV shows how it was our fault for borrowing too much and now we need to downsize......WHILE OUR POLITICIANS KEEP BORROWING MORE AND MORE AND GETTING BIGGER AND BIGGER RAISES......same with many of our Wall Street executives while much of maintreet is cut off and shuts down.....

Pretty soon, we will be rioting too.....who knows what will be the trigger....but it will be for something as more and more shuts down and we keep being told it is a recovery.

6 Comments – Post Your Own

#1) On October 25, 2010 at 8:52 AM, alstry (< 20) wrote:


The guys with HIGH IQs have......

Report this comment
#2) On October 25, 2010 at 9:13 AM, alstry (< 20) wrote:


Tougher Appraisal Standards Coming Soon

This will be GREAT for housing prices......

Research Teams Find Oil on Bottom of Gulf

No big deal.......who knows what else will be on the bottom.....?

Will Newark look like Naples?

Newark NJ - 251 Sanitation Workers

Report this comment
#3) On October 25, 2010 at 11:40 AM, BillyTG (29.53) wrote:

I totally disagree on the recent TMF blog comments about IQ.  It's more than just IQ.  I have plenty of brilliant friends who are clueless and refuse to believe that life as we know it will forever be changed.  There is some Sheep Quotient or Hope Quotient or some other intangible quality that separates people.  There are those who can put the pieces together, see trends, and more realistically envision what will happen, and there are those who dismiss every piece of evidence thrown at them, choosing instead to believe that life as normal will continue to be life as normal.


Report this comment
#4) On October 25, 2010 at 1:34 PM, mtf00l (42.94) wrote:

Optimism versus Pessimism

Report this comment
#5) On October 25, 2010 at 2:45 PM, BillyTG (29.53) wrote:

It's even more than that mtf00l.  I asked my mother recently if she thinks I'm an optimist.  She said yes.  I have always been an optimist.  I am still an optimist.  Optimism doesn't change the fact that the oil age is over, that all indications point to more unemployment, more homelessness, more corporate and government fraud, more money printing, imminent economic and military warfare, and the end of life as we know it.  I suppose I could write about how happy things will be when it's over I honestly think that those without debt and with access to food might very well live healthier more community oriented and happy lives, just much less consumeristic), but that doesn't matter much now.  What matters now is getting people to wake up, to best prepare themselves for the transition.

Report this comment
#6) On October 26, 2010 at 11:20 AM, mtf00l (42.94) wrote:

I like the way you think BillyTG.  That said, our mothers are our biggest fans!

Optimists only see the good, pessimist only see the bad.  Both act according to their perspective.

In your scenario about those out of debt and with storage are excellent ideas however, if law breaks down it will be a house to house search for valuables.

If law doesn't break down then you get to ponder if the government will confiscate for "the good of the people".

All that said, I consider myself a realist waiting to be pleasantly surprised.

Report this comment

Featured Broker Partners