of Giulietto Church
site www.megachipdue.info
The news of the day, you have not found the front pages of newspapers, is this: the United States of America began the practice of bankruptcy.
Without explicitly saying so, but we understand the same.
How? The Federal Reserve, that the U.S. central bank, announces the 'purchase' of $ 600 billion. They call purchase (purchase) in technical terms, but you must read "Print". More 350 to 500 billion dollars will be taken from the debt that the Fed has already acquired from the toxic mortgage derivatives easily, and "investment". Read on the market.
If these are added (and should do so because they are in the budget) the 800 billion already printed to save U.S. banks from collapse, you get to a trillion and 800 billion dollars. A
money creation that is unprecedented in the history of all time.
Why are they doing? Suffice some figures. In 2007, China bought nearly half (exactly 47%) of new U.S. emissions of coupons. In 2008, in the financial crisis, China had reduced by half, about 20%. Last year, Chinese purchases have plummeted almost to zero. We were 5%.
Under these conditions there is no way to equalize the balance of trade of the United States.
With a debt of this size should also make the budget 300 billion of annual interest to pay. How? Nobody knows.
that remains is to use the game of the three blocks, and point the gun to his head the rest of the world. The new president of Brazil, Dilma Rousseff , has been responded by accusing the U.S. to pay for their crisis to the others. The first effect will in fact be a further devaluation of the dollar. But the situation is much more serious one, as heavy, soaring inflationary world. These are symptoms of a massive disruption to come. The physical Guido Cosenza, in his valuable book called "The insidious enemy " , defined as "phase transition" in economic-social situation like this, like the passage of water from liquid to a gas. Process we know as the boiling .
We are beginning to boil. Which means, of course in economic and social terms, the beginning of the collapse.
To those who announced the imminent end of the crisis, economic recovery, a new growth of GDP, is now to be reminded that they lied, probably because of stupidity.
Those who believed in it or not he should have noticed warning to prepare to close a decrease, and therefore dramatic. When
Larry Summers (a leading intellectual and practical bankrupts the planet) was called by Barack Obama to join his government, he said (bankrupt but not stupid): "How long the largest debtor in the world can continue to be the greatest power? "
And America, former empire that does not know yet, send him to hell Obama, shows that it will not give up its dominant position. A fine mess for everyone, because America can not impose its will, just as it is no longer an empire. This says that they are bankrupt and we are all in trouble, and we will leave that up to do, we will pay the consequences.
Giulietto Church
www.megachipdue.info
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