sabato 11 ottobre 2008
A shiver down my spine
I'll be back against all odds now that the winds of crisis begins to be felt. I re, my reader, to remain at the window to wait, observe, watch and reflect. But the debate still has not been helpful, and ever present who is able to sniff the air without fear has the duty to warn about the risks and other compact construction of something better. Professor Roubini, the greatest expert on world economy could have foreseen this crisis in particular, already in 2006, returns to pay off the heels of the media all over the world. And it does so devastating:"the train of global recession has already started, this will mark the end of the U.S. in the world, collapsed in on itself after years of economic policies and evil to create a self-finance. If the world's governments will not intervene in a very strong crisis through the real economy. " A shiver down my spine, my fears incoffessabili spiattellate there by a specialist, thinking that my ego branded as paranoid spiattellate there by Professor Roubini, graduated from the Bocconi University, coming from a Jewish family but with a past in Islamic land. A range of theories plots there ready to be put on the table, some of them with factors very close to the chronicle of our newspapers. One of the steps that could disrupt short is already in place, cleverly disguised the high responsibility that the media in spreading the panic. The real economy is already under stress. Faced with a price of petrol almost halved compared to last, small and medium enterprises have great difficulty finding banks willing to lend money on credit. Not for lack of confidence in the system that currently produces money without financial mechanisms abstract, but because the banks between them do not lend money. To explain better, my reader, think about the banking system as a human body. Money is like blood that is used to oxygenate every cell, comparable in this case, users at the counter. When the blood is not circulating, the body is not oxygenated and threatens the gangrene. Add to all this that the "body bank" suffers from a severe collapse and is kept alive by "blood bags" provided by governments. This blood is not able to put in motion the circulatory system because of the leeches (speculators professionals) take away the blood "body bank" while it should go in a circle. I do not want to be a forcaiolo, my reader, but read carefully the economic newspaper in Italy and abroad, you can easily discover how you too during these weeks, just before the closure of stock exchanges, some specialists use a financial artifices to bet on a downward title listed on the stock market and doubled in half the losses of the title in their sights. With governments forced to keep open the taps to ensure the solvency of the current accounts of citizens, some brokers will provide a river of money almost continuous using their real power on the ability of the stock market to its collapse banks and companies very solid. To close I would go back on words to Roubini, "If the world's governments will not intervene with strong decisions." A scenario in which governments around the world coordinate their work, with one voice, with different interests that necessarily leads to two ways: governments united under a strong economic leadership of the new duopoly China and India, new lights of the century in which we live, evil or a war between the survivors to win markets and restart the economy with brutal methods. The second way is already lost, in 1913, when Britain wanted to maintain their economic hegemony by focusing on gold and trying to appreciate the sterling against the dollar. The story tells how the American president of Wall Street was closed to defend the dollar, leverage its industry and present in 1917 as an economic power and political theater of the war in Europe. We all know how he ended. At least 7 years the world has changed. We are still inside the carousel and we can not know for sure where to end. But we can know what we know: the future is not written anywhere. The future we build it, my dear reader, watching and acting. The Sentinel has already moved, something approaching the horizon. Now is the time to act.
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