THE ROOF OF INDEBTEDNESS OF THE DOLLAR CANNOT SUSTAIN IT THE EURO IT IS NECESSARY TO REACT

The last collision of USA with the roof of indebtedness in August of 2011 made that loses the rating AAA of Standard & Poor's. Now, Fitch has put its maximum qualification in negative perspective. Short term, he doesn't have a lot of importance: the markets have maintained a surprising stability in front of the risk of an imminent suspension of payments, and they didn't register a prominent reaction to the performance of Fitch.  

In the bottom the market knew perfectly that the USA won't break the situation it was merely political and also accepted by the politicians it USA it is a clear case of world superiority I believe that he goes them the march that of putting paws up to the whole world it puts them that we will make him in you it USA he cannot see a nipple, but one can fuck to everybody, by the light of the day and before television things of the powers and of the capitalism it USA. 

But the movement of the qualification agencies outlines an interesting question: Is it in long term danger the global supremacy of the American dollar? This supremacy is one of the reasons that USA can maintain its rating AAA at the time that the risk runs of being declared in short term suspension of payments - a luxury of which can enjoy few more countries, if it is that some exists -. The American dollar and the funds of the Treasure of USA play a fundamental paper in the global financial system.  

Of the 6,1 trillion dollars (4,5 trillion Eurus) of reservations of foreign currencies that possess the central banks from all over the world, in accordance with the International Monetary Fund, 3,8 trillions, or what is the same thing 62%, is in dollars. This figure eclipses to the euro that covers 24% of the reservations. And in the market of change of foreign currencies that moves a volume of 5,3 trillion dollars, the American dollar it is present in 87% of the transactions. Their nearer rival, the euro, is only he in 33%, according to the Bank of International Payments.  

There is no doubt that of taking place a change in the perception of the dollar, this will be extremely gradual. After everything, what could it replace it? Although one has spoken much of the revaluation of the Chinese renminbi, the currency it is not fully convertible in fact it is not strictly the currency but the Chinese government that is not so transparent as so that the markets play it to him with their foreign currency.  

This way the things the euro has been affected in spite of its protector's crisis the UE that has ended up questioning its own continuity, but in spite of everything and that in these difficult moments, the markets still look for sure refuge in the dollar, it is evident that they have chosen as reservation to the euro and more after the UE has alleviated the sensation of I demolish of its foreign currency. I don't find this bad it is logical even, what cannot sustain is been that the problem of the dollar and their enormous debt mount has to pay it the euro, us the Europeans cannot have a foreign currency 36% more expensive that the dollar. 

It is unacceptable on the part of the European economies that accept this situation because he makes them against what they believe much poorer of what they are in fact the euro this sinking the competitiveness of the European products and he also makes that to avoid this completely the blind governments they try to palliate it clipping wages to the more and more reduced active mass of the countries of the euro (except for Germany), this causes a diabolical hairspring: Low Europe the wages, the workers buy less, the companies like consequence manufacture less and therefore they become more expensive, and I eat the euro it is also for the clouds they cannot export because they cannot compete with the market of the dollar or of the renminbi. 

I already know that I repeat as the garlic in this topic but it is that it is inconceivable that this continues this way and the UE doesn't make anything if neither we change the inertia the euro it can arrive to 1.4 dollars for euro this of continuing would force this way to the European managerial world to reduce other 10 or 15% the wages and the labor and productive costs but even supposing that can make it this alone it would be good to maintain to the dollar it doesn't stop to elevate the roof of the europa productivity and therefore to lower the unemployment and the state deficits, it is necessary to act once and for all it is necessary to plug the machine of to manufacture Eurus and to use them for two things one to refloat the European economies and the other one to devaluate the euro until the more fence possible of the 1a1 with the dollar to play all but or less with the same weapons.