sábado, 3 de mayo de 2014

WE SHOULD SEPARATE THE PUBLISH FINANCES, OF THE PRIVATE ONES


I don't know if it rots to reach a realizable conclusion, or I will simply outline an utopia, but I want to attempt it: I believe that the disaster caused by current crisis situation is of so enormous magnitude, because they mix the problems of the private or "free" financial market, with the finances and the public treasure of the countries, and this that makes it is that it tortures the development of the societies that they inhabit them, creating an economic wheel of responsibilities - social that are not justifiable he looks at himself 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 by the destruction and the lack of resources to be redoed, the belligerent countries had to restore their foreign currencies that is to say they had the necessity to create more currency, in the face of these two circumstances lack of real wealth and currency necessity, they 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 (the money) I pass directly to depend on the governments of the states, that is to say of the politicians, this in their moment seemed the most logical thing, today the things I see them otherwise, and what today happens is that the governments don't dominate the world financial market, it happens this way that they are not effective in its 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 paid the payee the equivalent value inscribed in that document. 

That it happens now in our days, because that the countries are not owners of their own national economy, because they have privatized it everything, in fact when I read that the society is alarmed because they will privatize such or which service "publishes" I think poor of us, if all privatized indirectly are already, because the government in question doesn't dominate the value of his own foreign currency, 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, or publics, they make it bad and they go to the crash, its crash is reflected in a debt nominated that is to say in the foreign currency of which is guarantor a state, 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 loss or debt. 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, and the UE, be in the point of aim of all the financial attacks, because the attack is against the world economy but to those that claimed them the lost ones, and they will demand them that they make in front of the international and national debts, all them denominated in dollars and Eurus, it is the one that says the treasure of the USA and or the BCE 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 their commitments as much the direct ones as the indirect ones. 

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, bankrupt mortgages, brutal deficits of the commercial payment scales, etc. Thinks for a moment, if 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 money or GDP, 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 its 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 gets ready this situation, for that reason the FED, the president of the BCE, and of the IMF, they urge the European leaders to that they stop "the threat of a cascade of national" economic crashes and to that already act, to demonstrate an unequivocal commitment to really reactivate the productive and generating economy of money, not alone of that that single figure in the notes of the books of bills. But unless the BCE starts the machine of printing Eurus once and for all, I eat he already made in fact the FED with the dollar, it will be impossible. It is a question of simple mathematics; he cannot pay himself with 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 seems complicated but it is not it, 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 is not dragged, and the society that has not participated neither in that business, 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 to the tribunals of corresponding bills, and later to his governed that evidently will toss it to blows of votes, and in this case, if the society will pay the state debt, 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 the logic of the circumstances of the development of the human societies, 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 dual and viable solution instead of continuing maintaining it as a problem irresoluble. 

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