THAT HE HIDES AFTER THE GREEK" "DEBT?

Yesterday Bernanke, I speak of the dangerous Greek debt and he said it put in danger the world economic stability, this said by who said it and from the USA that they are there up of the world it astonishes that will have to do the Greek debt with the USA, I could not be it is not logical what is happening, if the Greek debt scares to the American colossus it turns off and go home.  

These declarations, the uncontrollable fear of the international markets, the social revolts, the rise of prices, and the increase of the unemployment in the strong considered economies, the warning already definitive of the retreat of stimuli to the American economy on the part of the FED. Is all this for 300.000 million of debt of a mini country of 11.200,000 inhabitants and with a GDP of 315,000 million Dollars, for the love of God, What does he hide behind this boat of smoke called Greek debt? 

The guru Jim Rogers, co-founder of the Quantum Fund next to George Soros, made review to the current situation of the Old Continent and United States during an interview with the CNN. In this encounter it recognized that "Greece is in crash" and as soon as possible this situation is recognized "before one will be able to act in a more effective" way.    

"Although the European politicians try to all coast not to recognize this situation in some moment they will have to be honest and to inform to the forks of Greek debt that will lose a lot of money. They are losses, but it is not the end of the world", it pointed out. Less bad I also believe it but it tranquilizes me to know that more qualified people that I see this way it.   

To the being asked on if Greece is the Lehman Brothers of the European Union, Rogers was clear. "Absolutely”. There is not any form that the Greek government can make in front of his debt responsibilities, in spite of all his own plans of austerity in march the cost of its debt continues ascending", he explained I agree the Greek debt totally I come repeating it is necessary to assume it informs on the part of the BCE and then to look for the form of being reduced and the system has repeated it is to increase the monetary mass in Eurus to buy the debt to the creditors to finish with the tensions and to devaluate the euro at least 15% up to the 1.15/1.20 $/ €.    

For this investor, it is moment of stopping of "giving kicks to the can", because it is not an effective" solution. "Somebody will have to assume the losses, but that is good, because you can restructure and to begin of zero, it will be then when the investors make a lot of money" again, he added. Exactly the one that should lose in this situation if one wants that the general market doesn't suffer it is that is to say the global entity and European power station the BCE, to have if once and for all the. Mr Trichet reads me and it rectifies and he makes its work instead of only bothering with the interests and the inflation.    

Certainly the global situation of the western economy is not alone the Greek debt is the general debt of everything her the whole western economy is crazy of death if one doesn't want to see the reality the world he has given an overturn of 180 grades those that were up now they are below and vice versa. But this you can consider normal for the evolution of flows of the production and the creation of wealth that he has moved to Asia and east and this is what there is behind the Greek debt the fright it is not for herself the fright it is because behind Greece the USA and the rest of Europe come if they follow all without recognizing the reality and spending the blame of each other.    

In what refers to USA, Roger didn't doubt to recognize that it is "the most indebted country in the humanity's history and he has to make something to solve this matter". However, from his point of view, to "sit down and to deny the problem, as much in USA as in Greece or the rest of Europe won't solve anything". We are Already two what we say the same thing.    

We "take 30 or 40 years ignoring the reality, it is hour of restructuring, to suffer the damage for some time and to continue ahead", it reiterated. After all, "the idea of solving a debt problem through more expense is madness", is according to its view. For Rogers, "the only solution is in stopping to spend incredible quantities of money". AND I add he refers to spend big quantities of money to cover a debt creating another that is what is intending, an and another time from the western markets. The debt is here they have built it during years and stratagems of financial engineering, to go leaving the step, because you finishes the creation of value added in our companies, because you finishes the employment in our societies, because the power real step at the hands of the petrodollars and of the cheap manpower of that simple Asia that difficult of swallowing.