domingo, 17 de julio de 2011

SOVEREIGN DEBT STAYS THE OBSESSIVE DECEIT

That it should take to our politicians and the BCE to maintain the lie of the debt in Europe, I accuse them of lying us, because I find incredible to think that they don't know that the such debt and like it is compound and configured it is a, and not several as they seek to make us believe, and for this cause the speculators and the markets are swelling to make money to our coast.  

Let us see, the sovereign debt composes it the different between the revenues and the payments of the countries, this concept is clear and her eyes that one can speak of different quantities from attributable debt to one or another European country, but in the moment that these debts are quantified and they value in the same foreign currency, between the debtor and the creditor, in the bottom it is that we are speaking of the same debt, that is to say my debt is also your debt. 

We go to for examples so that he understands each other, there are in these moments six countries that put in risk the stability of Europe according to the politicians and the BCE, for order of graveness they are: GREECE, PORTUGAL, IRELAND, SPAIN, ITALY and BELGIUM, and it is clear that now the decision is in deciding if we let that Greece breaks or it is rescued, well before making a decision it should be contemplated that of the famous 340,000 millions of Eurus of the Greek debt, 140.000 millions are shared by their European neighbors, as they share it, very simple they have it in their banks and in its same foreign currency. (I don't have data from where demons this rest). 

On the contrary, we have European countries that stay clean of debt and it seems even that they are the martyrs that have to make taxes to help the debtors, and of helping anything, it is that he goes them the life to themselves, already voucher of hiding the countable realities regarding the debt sees: 

Germany *. - Hidden among their assets bank 606,700 million Eurus coming from the acquired debt to:  

Italy 162.300 Mll. €, Greece 33.900 Mll. €, Irlanda 118.200 Mll. €, Portugal 36.400 Mll. €, Spain 181.900 Mll. €, Belgium 44.000 Mll. € 

France *. - Hidden among their assets bank 1.048.000 million Eurus coming from the acquired debt to: 

Italy 392.600 Mll. €, Greece 56.700 Mll. €, Irlanda 29.600 Mll. €, Portugal 26.900 Mll. €,  Spain 140.600 Mll. €,  Belgium 201.900 Mll. € 

* Extracted data of the Sunday one of The Vanguard 

It is evident that these two European nations, are in an I authenticate wrong dream because thinking of making a great business investing in some countries calls them emergent inside their own global economy, what they have made is to put in danger their own integrity and solvency, because to have debts with insolvent debtors, it is the same thing that to be indebted or to share the debt with them, like you mean it, if The PIGSBI cannot pay their debt automatically your assets in funds notes obligations etc. they are wet paper, and they should pass from your asset to your passive one as irretrievable debt, or not. 

And this circumstance, passes in more or smaller measure with all the countries of the area euro, all have debt of the other one, it is absurd because to deny the evidence, the debt of the countries of the area euro is debt of the area euro. And the restlessness of Germany and France that come it to him to come understanding and they press and they threaten to find a solution, he would tell them that the solution is in front of their noses, the debt is to unify it I eat in the USA and that it is the BCE that plays the paper of the FED, he buys it everything it redoes the asset of the banks and countries of the area euro, and let us not begin of good zero, good not zero again, Europe will have an unique sovereign debt of X thousands of millions of Eurus, this will already see the economic authorities and the BCE like it is counted and it is eliminated, if creating European funds, or devaluating the euro, or both things at the same time. 

This is the only solution, the one that would really calm the markets, because they could not speculate against all the European power neither against the euro, but unfortunately the countries of the area euro don't want to see it because to accept it, it would be as much as beginning to lose their autonomy and National identity. 

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