The
turbulences in the financial markets and the concerns for China and other
emergent markets will cause a revision of the monetary politics of the European
Central Bank in March, maintaining the perspectives of more stimulus measures.
Him euro lowered against the dollar while Draghi that spoke after maintaining
the types of interest without changes, said to journalists that the bank
foresaw that the types "continue in the current or lower levels during a
lingering period of time."
When
beginning the new year, the world one has come below and nobody knows because
it has been but it is not true if they know who it has been but as recognizing
it it would be as much as being declared guilty nobody will be accused itself,
this way the risks to the drop have been increased again amid an uncertainty
reinforced on the perspectives of growth of the economies of the emergent
markets, volatility in the financial markets and of frits matters and
geopolitical" risks, they already come it these they are the problems and
all are bean of political economic that they have already made their journey
and it is necessary to change them for others.
Therefore,
it will be necessary to revise and possibly to reconsider the bases for which
the economy has been sustained for not more than 30 years more or less since
the western world decided globalizers the industrial and economic world
denominated the first world then he decided to enlarge its markets and it stops
that he needed more consumption and more production so saw clear that
mobilizing to the then call third world gave beginning to another economic
stage of expansion that I suppose he believed endless .
And
in that the economic happiness of these last 30 years was based they left this
way making the emergent markets representing each one to a country to which is
also qualified of emergent and the BRIC was created and also the enormous national
debts because like he said I believe that the ambitions of the economic
analysts thought that it will never saturate the new created world.
But
if it has been saturated and the thing began very well, but her alone he
twisted because they were balanced bad the two new concepts without realizing
one manufactured and the other one consumed at the time that the BRIC was
created (that manufactured) the PIGS was born (that consumed) and these last
ones have stayed in PIGS and the BRIC they have been hung and they are coming
undone because the PIGS cannot pay what they should and they don't consume what
they manufacture or the BRIC takes place, a little complicated but I believe
that if they read it a couple of times they will catch the idea and the real
sequence that it is what has happened and where we are now.
But
you don't made a mistake as they are making it the specialists that don't want
to accept the reality that is happening now because that so that the economies
drowned in debts can reduce these they should make two things a to obtain money
and this alone it is gotten taking place but I eat now those that take place
they are before the economies poor the rich and indebted economies they cannot
compete with the prices of the productions of the countries and the emergent
economies and this causes that if you cannot increase the capital flow you
should clip expenses of all type so that you on money to go paying debts.
If
you clip expenses you harm that is to say those that went well, to the emergent
ones because every time the "rich" countries spend less, and they try
to take place more at home and to make possible this, the salaries of their
societies lower so with what also lowers the purchasing power, they stop to be
able to buy to the emergent countries and these to defend the they also lower
more their prices collapse this way the petroleum and all the first matters
with what we have already arrived to the world crisis that is not more than a
bad planning of the economic balance that has made that the world you to unbalance.
I don't know who he told it to me, or if it is once a sentence of some famous
character, but that somebody he told me "so that there are rich he has to
have poor" and how much reason he has this theory.
This
is the situation that neither the central banks and DAVOS neither nobody knows
how to fix it if they know I am sure as it has happened, but I eat he told them
before now who assumes it and as it balances it again, now in a short space of
time those that we considered rich the first world had its poor that compared
them what they manufactured and they requested them we lend etc. now it is
almost to the inverse one the third world it has become the same as the first
world or more and this has unbalanced everything and if they don't change it we
will finish all destroying us.
Alone
there is a solution it is to create "more Chinese" and more alone
there are two new "Chinese", and they are Russia and Africa including
the Islamic world. for that reason, I always ask that Russia returns its look
toward the UE that, if we unite politically and economically, we have product
and market to be as the USA or I eat China and among the three blocks, the USA,
China and Russia / EU, we could put in order and in operation to the Islamic
world and all Africa. And I don't forget we have left still everything South America
but maybe this part should be left it to the USA so that it develops it.
This
way today Draghi Defending the measures that didn't complete the expectations
of some investors, said that they were "completely appropriate and
effective" since it was known in that moment, pointing to that the price
of the petroleum had not fallen from then on less than 40 percent. But it is
that not alone of petroleum the economy lives there are many but first matters
that are also collapsing and of them almost nobody doesn't speak.
The
presage of the BCE of December are based on some prices of the petroleum
averaging 52,2 dollars the barrel, but the raw Brent it quotes around 28
dollars the barrel and even the futures at 2022 are below 50 dollars, what
indicates that little trust exists in an express bounce. And when I say that
not alone he falls the petroleum it is that the clearest sample that the world
is outside of control is that the capital today instead of getting paid to be
lent they pay to be lent this he gives an idea of the irrationality of the
world economic situation.
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