domingo, 25 de septiembre de 2011

AS FREEING THE TREASURE I PUBLISH OF THE PRIVATE ONE



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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