I don't know
if it rots to reach a realizable conclusion, or I will simply expose an utopia,
but I want to attempt it: The wrong of the current situation of economic crisis
is of such a magnitude, because they mix the problems of the market free with
the public treasure of the countries, and therefore of the societies that
inhabit them, creating a wheel of responsibilities that they are not justifiable
looks at you for where he looks at himself. The reason happens this and like
you could avoid it is what I seek to develop in this article.
The problem
comes from a distance, concretely from the end of the first world war and it
happened when hounded the belligerent countries for the necessity of creating
more currency, abandoned the parity pattern gold that was the factor that
evaluated the force and the value of a foreign currency, the pattern's gold
validity, that it reigned during the XIX century as base of the international
financial system, it finished, so that it is no longer used in any place of the
world. Switzerland was the last country in abandoning him in 1998.
When this
happened the responsibility of the value of the different foreign currencies
(money) I pass the governments of the states directly, that is to say to the
politicians, this in their moment seemed the most logical thing, today the
things they are come otherwise and what happens is that today the governments
don't dominate the world financial market, so they are not effective in their
administration, but if they are responsible for the guarantee of the foreign
currency because in her he says clearly that it is the Bank of such or which
country or Union of countries who the payee paid the equivalent value of that
document.
That it
happens now in our days because that the governments are no longer owners of
their own national economy, because they have privatized it everything,
therefore they don't dominate the value of their own currencies, neither they
can make anything on the wrong or the good use of the same one, however they
continue being the validates of her, so the reality is that when a Bank or a
private industrial or economic conglomerate both, make it bad and they go to
the crash, its crash is reflected in a debt nominated in the foreign currency
of which is that is to say guarantor a state or states the society in
general.
This situation
is a pear in candy for the markets international speculators, they use and they
abuse of the financial engineering having the tools that have put to its
service the states, but with the security for them that if they win the benefit
it is his, and if they lose the loss it is of the state, which doesn't have
more remedy than to support it because it is the backer of the nominal foreign
currency of the lost one. This is the situation today and for that reason it is
explained because everybody western this on the edge of their destruction. All
the business, all the bubbles all the commercial deficits, the whole world
trade in general, this denominated in dollars or Eurus who these foreign
currencies USA and the UE who are on the edge of the cliff the USA and the UE
guarantees.
For that
reason also it is explained that the USA, have begun to press the UE terribly,
because the attack is against the world economy but to those that claimed them
the lost ones, and they will demand them to make in front of the printed
sentence in the debts all them denominated in dollars, it is the one that says
the treasure of the USA he paid… And it is not that I say now that the states
don't have blame of the world economic situation, undoubtedly if they have it,
but what happens now is that they don't have any instrument to solve it,
because the governments don't have Industries, they don't have mines of gold,
they don't have wells of petroleum, they don't have commercial banks, in a word
they cannot make any action that you provide them resources to make in front of
its commitment as much the direct one as the indirect one.
They will tell
me you that it stops that the taxes are, you don't make a mistake, the taxes
were not created to pay bubbles, mortgages subprime, brutal deficits of the
commercial payment scales, etc... they Think for a moment, if the or the states
have to collect taxes to finance everything, it should impose a rate of the a
hundred for a hundred on all the movements that generate foreign currencies, to
stay everything and once paid the expenses say social and of government, what
it has more than enough to return or not if it is that it doesn't have more
than enough anything, but this is not this way, the states collect of average
30% of the value of the economic-financial movements of their state and 30%
they don't stay it in a box if not that they spend it to support the general
and social budget of the country.
So already you
will tell me like he eats up this situation, and above. The secretary of the
Treasure of USA, Timothy Geithner, urged yesterday to the European leaders to
that they stop "the threat of a cascade of bank" crashes and to that
act together with the European Central Bank, to demonstrate an unequivocal commitment.
Unless the BCE starts the machine of printing Eurus once and for all this is
impossible. It is a question of simple mathematics; it cannot take off of a
smaller figure a bigger one.
It is
imperative to restructure the world financial system, it is necessary to get
that the money is divided in two slopes: the mercantile money for this way to
say it, and the public and state treasure, the thing is complicated, in the
bottom the money can be the same one, but the administration and the circuits
for its setting in circulation they must be absolutely differentiated, he has
to be created a state commercial and other circuit, to avoid it so one it
affects to the other one, so if a bank for example crash, the country not, and
the society non participative in that business neither, and vice versa, if a
government is a disaster and he gets in debt more than that, first he will have
to give bills to the budgetary laws in vigor, and later to his governed that they
will toss it to blows of elections, and in this case, if the society will pay
the state debt, but on the contrary the common or private economy if he makes
it well, he won't have because to lose competitiveness front the international
markets.
It is the
opportune moment to make something like that, the world has passed from the
material exchange to the current financial system, going by many stages and
variables, all them motivated by some human reason and logic of the
circumstances of the development of the human society, and it has been made for
very impossible that seems in its moment, today the humanity has a problem that
calls you global economy, is necessary to transform this in a viable solution
instead of continuing maintaining it as a problem irresoluble.
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