“Let's stop criticizing our banks!”

More than ten years after the subprime mortgage crisis, all the light has not been shed, and yet the idea of ​​the guilt of the banks has taken hold firmly in people's minds. They are even blamed for the double fault, since after playing with fire and triggering the crisis, they allegedly asked for help from the States. This unanimous condemnation, the result of incomplete analyzes, is a heavy component of the bank bashing that has raged since then and unfortunately works against our interests. We are indeed at a critical moment when Europe, faced with the domination of American finance and the dollar, must develop its own financial capacities. The development of a strong pan-European financial sector is therefore essential if we particularly want to foster the emergence of future European gafas. 
If it is vain to hope for the complete disappearance of this bank bashing and, one might say, of the bashing market whose roots plunge both in history and in ignor…

France: AMF warns against online trader training scams

 Make money super fast on your phone. This is the promise of a video that has gone viral on social media during lockdown. A young man in a suit, glass of champagne in his hand, offers to become a trader through online training. The offer is attracting more and more young people as the financial markets authority has warned against these unrealistic promises.

“The question is quickly answered. The phrase made more than one laugh during the lockdown. But last this a little clumsy turn and the humorous looks of the video, a real scam is taking more and more among young people.

The promise is simple: Internet sites sell online trader training at prices ranging from 150 to 1000 euros. However, once this first step has been taken, the new "traders" are invited to recruit others, while continuing to train, for a fee of course.

Living circle

"Good deals", "easy money", "passive income" ... so many arguments that have attracted young Internet users stuck at home and easily influenced. The Autorité des marchés financiers (AMF) was alerted by testimonies from relatives about the upsurge in school dropouts and desocialization among students seduced by these online trading training courses. A vicious circle in which many find themselves trapped.

The AMF therefore reiterated that promises of quick wins are unrealistic and that it is impossible to become an expert trader in a few hours of online training.