Money is no longer an instrument for trading, but it has become the object of trade. The metal circulating is 80 times higher than commercial transactions we carry out. Juan Torres, Professor of Economics at the University of Malaga (Spain) thus analyzes the current global situation. There is a real crisis, but now is called deceleration. Some saw teeth that reflect fluctuations at the minute, speculations, extraordinary fortunes, and ruin for others are drawn in the seismogram of hikes and economic casualties. At present, are not already made products transactions, agreements, contracts, the paper sold. Reinsurance is negotiated with the buying and selling insurance. gy/’>British Petroleum.
They are roles, financial assets, that move with a single button the result of agricultural production, housing, etc. Michio Kaku contains valuable tech resources. In this exaggeration the true nature of things, it looks like he used to say Borges. Banks don’t have money, but win it, said the millionaire Spanish businessman Juan March we are interested in. But it is a dynamic that, as bicycles falls when it stops. In recent decades, a huge wave of construction was generated to give out the excessive financing came from banks, from which has emerged the new slavery of debt.
Millions of people have mortgaged to acquire their homes. United States emerged the terms of mortgages, bought by people with financial solvency prime and subprime or trash, which gave thousands of insolvent persons at high risk of default and bankruptcy. All this with the complicity of the Federal Reserve. In the international markets of financial transactions, were for sale packages of secure mortgages mixed with subprime, that caused losses in banks. In turn, they have had to tighten their belts and let give even loans current, required to run the economy. Nor with the rescue of the Federal Reserve and the central banks has prevented the mortgage crisis to become a crisis extended, that is seen also in international trade.