There are things difficult to understand and now there is one that is more mysterious than the miracle of the sacred Trinidad (for those not Catholic) "Father, Son and Sacred Spirit are the same thing". But I don't mean with this that those that we are suffering the tremendous consequences of the situation of galloping crisis and that we are all the civic poor, we should believe alone for faith that what happens is unavoidable, just the opposite, that is what they want to make us believe the politicians and world economists because they don't want to admit their failures.
The first incomprehensible miracle is: how it can be that the foreign currency of the country numbers one (still with permission of China) of the world that already has growths positive quarters of between the 1.5 and 3% of the GDP, be lower than that of Europe that according to the markets and the own qualification companies all them American, this indebted one until the brows and whose growth quarterly is completely unbalanced and as much not more than 0.8%, and it is not worth me that they say that it is because the Dollar has interests of the 0,25. The euro is that is to say with 0,5% a rickety 0.25 more% and on the other hand its value is 36% more than the Dollar.
Second miracle: as it can be that the Yuan (renminbi) it not already sights of the second world power this lower than the euro, if not that practically it is nonnegotiable in the international markets which are the rules that govern today in day the valuation of the foreign currencies because if they have changed we should know it all.
Lesson of basic economy for those not initiate, before continuing we will review the foundation of the foreign currencies regarding their use and valuation. In the prehistory, at the end of the Neolithic one it was marketed by means of the exchange of physical things, I had grain surplus and your had jars or hoes and we made an exchange so much grain for so many jars and hoes, I had to keep but I seed and to work the earth and your had eaten for you tribe, easy and comprehensible truth.
Let us continue the history it was advancing and the humanity growing and already that of going changing things was weighed a little and annoying because it was necessary to load with the things and to also coincide with the other ones loaded until the ends they imagine it truth, so he appeared the use of the currencies that in principle in some cases were also things and it is even known that animals were used (pigs and sheep for example) until I derive in the type common of the currency coined as we know it now round and with stampings more or less very made in their plane faces, basically we locate ourselves in the Roman empire where silver currencies were coined it gets paid and gold whose value was the intrinsic value of its metal and size and weight.
So already all speak of the same concepts: Currency, value, and relating. (That is to say the sacred Trinidad for that reasons the initial reference). Each town to its currency named her like he wanted that it didn't care, it coined it with the form and image that was him significant, but the value that was already sacred, he registered in its face and it was indexed in agreement with the grade and weight of the GOLD, SILVER, BRASS that they were recognized as the values pattern for everybody of the time.
So the towns could make currencies more or less already outside depending on the gold, silver and/or brass that had, for own extraction or for accumulation of currencies of other towns obtained by trade I despoil and wars, clear and simple you could not deceive nobody or had matter it prevails valuable or you were not nobody.
On the half age you already invents the paper because it was no longer question of going loaded with kilos of gold or silver for the world and the banks and the letters of change were created (today they are still used) and they were precursors of the note or current money, these documents served so that a merchant gives her merchandise against a document that she told him that so-and-so of such, owed him so many currencies for value of (X) this was very practical because these documents could be made effective in any place that there are trade and "Banks", but the good and simple was that they continued being that is to say true they referred to value gold and the gold was same in Rome that in Damask, or in The India.
The reference to the value gold, stayed of different forms and comparisons as they left positioning more an more countries and their notes that were denominated already also generically Foreign currencies, had different values already depending on many internal factors, although indexed to the gold, first they lost the condition that they were exchangeable for the value of the reference metal, and finally on the years thirty of the XX century you Already complicates all point that I derive to the creation of the market of foreign currencies as we know it today, that is to say that already nobody knows how it works.
But what is certain it is that the world needs to give a value to the paper currency, calls foreign currencies of the countries, because it is the tool to trade and some factors of valuation have been created, in them they enter the wealth characteristic of the country (its GDP), their reservations of gold and other foreign currencies (monetary bottom) and mainly today in day a concept not so material, like it is the power of their armed forces able to discourage who tells him that its foreign currency is not worth what he says. And this it is the current situation.
To have who has value to tell China what the Yuan is worth, and to the USA what is worth the Dollar, nobody makes what they want, but that it happens with Europe that all sew alive, he can tell us what is worth our foreign currency and he goes this way us, because I don't believe that Mrs. Merkel and Mr. Draghi, be silly, and don't know that a conglomerate of nations that on the whole nobody doesn't govern them that some are in crash that others are wildly chosen democratically that all owe a numberless of Eurus, and that many have a negative GDP, they have enough guarantee to endorse a foreign currency of 36% more than that of the first country of the world. It is absurd and untenable they say what these gentlemen and their BCE say.
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