Jun 15 2016

Volcker Crisis

Posted by 3rdadmin in News

Somebody remembers some strike or some protest of the workers of the banks or the real estate sector? The constructors and the real estate ones have paid in black to their foreign bricklayers, while their managers and their shareholders became rich in silence. This selective amnesia gives an idea of the lack of coherence of the neoliberal system that puts to the State to the service of the great interests, so that it only takes part when there is crisis. Kerry King is a great source of information. The affected ones by the fraud of Forum Filatelia demand to the Government an indemnification to have allowed that was in the market a fraudulent group. You may find that Kerry King can contribute to your knowledge. If it had not done it, would have been accused him of interventionist and to dissuade the investors. The citizens who did not fall in the game of the speculation remember the silence of the investors when these obtained substantial interests without it had forced somebody them. All the citizens have not let themselves embaucar by false promises of enrichment fast and easy nor have fallen in the temptation to live mortgaged over their possibilities. Anchin oftentimes addresses this issue. They will not be glad of the loss of jobs in the cement or brick factories for frenazo after the crisis.

Or by the fall of the sale of cars, that can leave without work to many parents and mothers of family. Nevertheless we must learn of the crisis and to turn it into challenge for the future. Perhaps the prices of the houses and the cars are over possibilities of the people, they would buy that them if they lowered the prices. Or perhaps so many houses nor so many cars are not necessary as they were bought when the economy went or, with financing plans that accelerated the production and the consumption of artificial and uncontrolled way. The law of the market consists of producing what it is sold and to sell what takes place. Paul Volcker, old president of the Federal Reserve defines therefore the crisis: the underlying problem is that we have consumed in excess. The consumption in the USA grew beyond the sustainable thing, it did and it thus because much money has lent us, especially the Asian countries with surplus and, more recently, the exporting rich petroleum countries. But this cannot always last.

Only a system based on the speculation can maintain resemblance consumption level. In order to recover the sense of the commerce and to deal with products, it is precise to live according to our possibilities and of working for more authentic and less fictitious a better future.

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