Incredible but
certain now is that Spain has to be rescued itself of all that carried out from
1990, practically the whole economic development of the last two decades, seems
that it is in the assets of the Spanish banks in delinquency situation, we will
analyze the situation: Of all the Spanish real estate debt is known, it seems
to be that there are more unpaid credits to the construction that constructions
were built, it is not a game of words it is reality, the executive cabinets
that they have gone going by the successive Governments of the Nation have not
found out anything of what happened.
It doesn't finish the
thing here, now besides the bubble of the housing, we also find out that half
of the civil works and of infrastructures of the country all are owed and now
it is necessary to also rescue them, that is to say more unpaid credit in being
able to of the banks, it is that our rulers passed the time in making freeways
bridges, lines of the AVE, etc. but they didn't pay neither a, the money put it
the same manufacturers that also requested it to the banks that very conceited
they lent it to him, total the ball that is like he calls himself commonly to
this economic operation that consists on covering a credit with another adult,
he has stopped to bounce in the most inopportune moment coinciding naturally
with the world is stopped.
Now is explained
because the actions of the, BBVA, Santander, Bankia, etc. is not worth today
absolutely anything, and one is explained because after all the growth of two
decades, the country has 5 million unemployed and he doesn't have any possibility.
That happened clearly in serious Spain a swindle in all rule, if was not
because all the implied stamens reads you: Governments, Party Political Bank of
Spain, commercial Banks, Manufacturers, Public Companies, Notaries, City
councils, public federations, all were participating in the swindle of the
century, so technically there has not been deceit if non consent.
The question that you
will possibly be asked, will be: that it has been made of all the immense
quantity of Eurus that this generates, where they are, because now it is that
they are not in the bank deposits, neither in the companies, neither in the society,
neither in Spain if he wants, because very easy, the beneficiaries of this
immense ball have gotten the quadrature of the economic circle. They will see they have gotten a money that
didn't exist physically, but only in notes accountants, the banks gave credits
without having the money in their boxes of security, the manufacturers built
and they gave other countable documents, to their subcontracted, these they
discounted them in the same banks that had given them to the companies, the
banks they made mortgages to the workers that bought the housings, squaring the
same notes accountants, but nobody never saw the money.
Regarding the works
you do publish of the government, the same thing, was everything made with
certifications and countable notes and calculations of exploitation to the big
thing but, money that that money nobody is said he never saw it, did the notes
continue growing so and growing, did the companies end up having hundreds of
thousands of millions of pointed Eurus in the bank, but did they never see
them, were only numbers, and did the banks neither have them, the government
the same thing, and did the society happen to us equally, do they want the test
somebody there is today in day that they give him the salary in metallic? To
that not, (I don't refer to it authenticates it economy, that that they call
submerged or in black, but that it turns out to be the true economy, and with
their real accounting, because this if he pays with money and there are not
debts that are worth).
The thing was
increasing and increasing was all so beautiful one, and they were all so
incautious ones that there was not because to stop, so the thing continued and
the worst thing is to explain, when I arrive the moment that it could no longer
stretch out but the arm that the sleeve of the Spanish economy, the companies and
the main banks, they established its business outside of the country, the
Spanish banks are of the most extended in the world the companies of civil work
and infrastructures are the best in the world, and everything thanks to the
money that they had never physically in their hands, money that we respond all
us of him.
Everything has been
made based on the credit, become sovereign debt and in deficits of the Spanish
society, so the summary is the following one: the Spaniards have paid the
development of Spain once already, and now we have pay it again because we made
it to credit without knowing it, a credit that they have transformed the big
companies and the big banks cash, to have it sure in countries where if there
is a strong and more or less healthy economy in fact.
Here it has not been
more than ruins, debts, and a society discards and ruined, without having in
its country any industrial capacity neither economy some, able to take us out
of the nightmare in that they have entered. Who has the blame me sincerely not
you or I don't dare to say it, because I fear myself that in the bottom those
that have deceived us and swindled, they are not more than Spaniards as you or
as me, no matter how much they are called political, managers, union leader, or
bankers, what difference does it make that they are greyhounds or that they are
hound the truth is that we have fallen in its teeth and they have been eaten
integers.
He comes closer the
hour of the truth, Spain it is more and more in the eye of the hurricane of the
debt crisis. The recession, the austerity, the interests of the debt and the
situation of the banks make that it’s the destination is in hands of the
European Central Bank (BCE). The Government studies several roads to rescue to
the banking and to really inject more money this time to the financial system.
Today everybody looks at Spain again after the auction of the Treasure
generated doubts with the symbolic load that supposes that it has been one day
after the presentation of all the details of the Budget. While, the cost of
risk continues to the rise and arrives at levels another time unacceptable that
throw for the floors the forecasts given to know last Tuesday.
The great problem of Spain
is that much of its own banks depend to place the debt, banks ruined of course,
before this situation, the destination of Spain is in hands of the BCE whose
exhibition to the Spanish banking reached 15% of the Spanish GDP in February.
In some moment, the BCE can press Rajoy so that he requests help, in particular
for recapitalize to the banking, to the style of that made Ireland. Among so
much us the Spaniards were thinking that we lived in a dreamer European country
of first category of us but like he said Winston Churchill each country he has
the government that deserves.
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