Federal Reserve
The money no longer is an instrument to deal, but it has become the object of the commerce. circulating metalist is 80 times greater than the commercial transactions that we realised. Juan Towers, university professor of Economy of the University of Malaga (Spain) analyzes therefore the present global situation. There is an authentic crisis, although now is denominated to him deceleration. In sismograma of rises and economic losses teeth of mountain range that reflect fluctuations to the minute, speculations, extraordinary fortunes, and ruin for others are drawn. At present, no longer product transactions are realised, are sold the agreements, the contracts, the paper.
One negotiates with the transaction, the insurance, the reinsurance. They are financial papers, assets, that move with a single key the result of agricultural productions, houses, etc. In this exaggeration the true nature of the things is seen, as it used to say Borges. To the banks does not interest to us to have money, but to gain it, affirmed the millionaire Spanish industralist, Juan March. But it is a dynamics that, as the bicycles fall when it pauses. In the last decades, an enormous wave of construction to give exit him to the excessive financing that came from the banks, of where was generated has arisen the new slavery from the indebtedness.
Million people are had mortgaged to acquire their houses. From the United States the terms of mortgages arose prevails, acquired by people with economic solution and sweepings prevails or, that they gave to thousands of insolvent people, with high risk of non-payment and bankruptcies. All this with the complicity of the Federal Reserve. In the international markets of financial transactions, packages were put for sale of safe mortgages mixed with mortgages sweepings, that caused losses in the banks. , These have as well had to tighten the belt and to stop even giving the current, necessary loans so that the economy works.
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