La tarcoteca

by Pablo Heraklio, PHkl/tctca. Contact at Tarcoteca@riseup.net
Mostrando entradas con la etiqueta europe. Mostrar todas las entradas
Mostrando entradas con la etiqueta europe. Mostrar todas las entradas

jueves, 20 de septiembre de 2012

World Devaluation Plan: U.S. working as a Chinese. The Fed devaluation strength to match with China wages


The heads of the Fed, Federal Reserve of United States, have decided to turn on the dollars printing machine to devalue the currency. But either way, but for the purchase of junk mortgages, the so-called "bad bank" in Spain.
- The Federal Reserve announced a new monetary stimulus plan in order to give life to the famished U.S. economy where unemployment remains well above the levels that existed before the outbreak of the crisis.
- So that from this month and unlimited amount of time, the Fed will buy 40 billion dollars in mortgage-backed securities, ie toxic assets or "financial weapons of mass destruction" that triggered the current crisis .
- Is a crucial commitment to revitalize the U.S. economy by way of the devaluation of the dollar. This plan, coupled with released last week by the ECB, makes it clear that today nobody wants to have a strong currency and each block is determined to weaken its currency and sink.
Translating: Devaluation and 'bad bank'.
  The Americans are in a financial system lock and productive stop. Have find two solutions to this problems: cash injection into banks to promote liquidity and promote currency devaluation to increase exports.
   The maneuver is classic, but the novelty is that the Fed is behaving like the "bad bank". Is buying mortgages, freeing them banks of toxic assets while dollars flooded the market. As in Spain or Ireland the Fed is not intended to reduce the burden on homeowners with mortgages. Just the opposite. People who have lost their homes can take for "devalued", mission accomplished. The Fed does not want or can sell these foreclosed properties, their claim is demolished and make new ones, as in Ireland, so its price will plummet until it reaches the market price. The Fed will lose money in change and consummate the devaluation. Two birds with one stone.
  The delicate balance of Fed devaluation is how to keep unemployment above 8%.
  This is a maneuver that euro countries like Spain are unable to perform due to technical reasons.
 Does prayer card scam? Fed QE3 and unlimited monetary expansion

World Devaluation plan
  U.S. throws in the towel, as Europe gets rid of the idea of ​​the welfare state and maintain a large middle class. Opt for the devaluation, reduced wages and services. Its objective is matching salaries with those of Southeast Asia.
  The draft of global devaluation and wage equalization is underway. The Chinese average wage is about 300-500 € / month, countries like Greece have already lowered from 800 to 600€. Greece and Portugal are achieving their objectives, have taken about eight years, and they have left, until the consummation of the plan to reach 500 € month, for at least another 8. Germany has the minijobs, 2 million people subsisting on € 400 a month, the new pariah. In Spain have managed to reduce by 20% the general purchasing power thanks to a 25% unemployment and a tax increase in just two years. The next step is to translate it into the reduction of the minimum wage and reviewing agreements. The problem is that unemployed has no productive uses: spare.
  Exercise: We start 2000 € / month average wage in USA. Each year can decrease about 100 €. Moreover starting from 400 € month in China, with annual growth of 7%, which means that every 15 years the salary is twice. When deemed equivalent? With this plan, if all goes well, in about 20 years, in 2030. We do not believe an 100% adjust, but will approach, emphasizing socioeconomic differences in USA.
  But that's not all, because when wages are equalized to the Southeast Asian maquilas will move to Africa, or South America, where there are already many emplaced, starting a new round of devaluation.
  At no time Fed have proposed the reduction of debt. In contrast, provide for the generation of money will firing debt.

Conclusions
  The system has not been touched, so we will continue to suffer gusting balls and crisis. The U.S. population will suffer a progressive loss of general purchasing power and will be accompanied by a re-concentration of capital in the hands of four offshore and a complete polarization of society. The creation of ghettos around cities is evident. The Transnational companies control over the state will be clearer if cave, since money is fiduciary and the state, through the police and the army, the guarantor of the debts are paid. Yet perhaps manage to maintain its productive and unemployment under the 8%.
  Life U.S. foreign policy is marked by dependence of recurring wars that have produced most of the foreign debt and world domination. But as we see, the existence of debt is not what they most value, but the value of its currency, so it is reasonable to conduct further invasions, which help to devalue its currency, and allowing them to reach their goal before .

 We headed to a world-ghetto: the employee living and working in barracks. The owner living in neighborhoods and fortified luxury complex, shopping with his bodyguards in his armored limousine. This image is already common in many cities. No more middle class.

  Money is the definitive system of subjugation of the weak by imposition or stupid by manipulation. Along with the production system, based on private property and the protection of the army and police are the base and apex of capitalism. It's a hoax.
  There will be no re-evolution without chage of exchange system.
  Can we organize ourselves to achieve a system, that be not only just, but that does not require money and based on real needs and capabilities? The media around us say yes. If we organize ourselves, will be able both system to live together? If the answer is yes let's work. If the answer is no: let's work harder.
There are Cooperatives. There are Assemblies. Let's use it!
                     θα καταστρέψει τον καπιταλισμό ή να καταστραφεί.

jueves, 12 de julio de 2012

Spanish public employees lose 20% of its purchasing power in less than a year.

Crisis for public employee in numbers:
  To the elimination of christmas extra pay this year, up 7% of public employee purchasing power on average, which the state is looking to save some 4billions €, its add the increase of 3% VAT gives us the beautiful figure of 10% total loss of purchasing capacity who suddenly suffer today July 12.
  If is also add the 10% loss of purchasing power resulting from a wage freeze for 2011 of 5%, 2% of the CPI, 2% income tax, and no had to add the increase from 35 to 37.5 hours per week from the last year 2011, the accumulated loss is an amazing 20% ​​in 2012, in just one year!
Poor spanish public servants, literally.

Impacts:
- Politics: Spain has lost any semblance of selfcontrol over its economy, leaving the country participated at the mercy of banks and European interests.
  The cuts do not affect the state causes of its "morbid obesity": political office duplication and the payment of monumental building and constructions debts . Corruption and brick.
  Cuts affect the functionality of the state itself. The steps, according to the elimination of civil service jobs, will produce slow-down, overload and collapse of some services. As an example justice, with an average wait of 4 years for a trial, or Health service, where the targeted maximum wait for operations shall be 1 month has gone far beyond, and many visits to a specialist take over a year. The state will suffer.
- Economics: As underlying problem are not resolvend they will increase, and will need of further actions like these to be remedied. Cuts, privatizations and labor reform.
- Socials: Years of numbness and complacency with "the boss" made socially lazy officials and even reactionary. Now that they see the consequence of their alienation begin mobilization. The first reactions in the form of work stoppages and strikes by officials have not been long in coming. Today they have  expressed their complais in Congress. Nothing that can not be solved with more police.

  The state is sabotaging himself. Logical, serves banking, and they are only interested in themselves. Deterioration gives the 2013 date as the key for an end to unemployment benefits, increased cost of funding in international markets and various loan maturities. If Spain falls euro so. Peseta, corralito, banking saves freeze, restabling borders and badge devaluation. Then the loos of work rights and salary cuts will seem even benign.
  The state is a giant with feet of clay, and in it shaky wandering threatens to destroy everything. Somehow we must give the lace. The weakness of the state is an opportunity for alternatives. The main thing is to have a solid project and avoid the police repression and the threat of the army.
Self-managed unions and cooperatives and no-NGOs groups are already at work. They need us, we need them.
Organize and fight!

jueves, 31 de mayo de 2012

Rescue of Spain, the bubble that will drag Europe

The Spanish government has tried to inject public debt instead of cash in Bankia. This operation is a variant of REPO operations made by the ECB. On the one hand, this prevented the soaring costs of financing the debt markets. On the other, opened the door to the ECB liquidity injection in Bankia by repurchasing these debt or by use as securities bounds. [...] While the game is staged tension between Spain and the ECB needed to save the political profiles of each other, the Commission has already taken the field elsewhere. Since the beginning of the Spanish crisis, the mandate of ECB has been disciplinary: not doing anything for relief debt peaks until no counterparts were deleted . [translated form the article: http://www.diagonalperiodico.net/La-intervencion-de-Espana-ya-esta.html]
Brussels has heard the call of the markets about the banking system and it seems that will give what they demand. The European Commission is studying the direct recapitalization of banks through the Permanent Rescue Fund, and a move towards unification of the banking system, as reported by the agency on Wednesday in the heat of the harsh criticism about the measures adopted to the date and the need for more and more stock shares to reduce the deficit. [Translated form the article: http://www.elconfidencial.com/economia/2012/05/30/la-ce-matiza-la-inyeccion-del-fondo-de-rescate-no-es-una-opcion-para-la-banca-de-espana-99006/]
  In few words, they don't know how, but Spain can be taken for rescued.
Sorry for the contempt, they know.

The states have proved unable to manage its debt
   Spain has proved unable to manage its debt, taking austerity measures to plug a hole of € 8 billion when the real is more than 50 billion €. Politicians, government, inspectors and all kind of managers have been genuine inept. Not so the banks, who have made a killing spoil feast in crisis. Old School.

Europe has proved incapable of managing the state debt
  The ECB says does not trust in the spanish state is determinated to inject money directly to banks. As it is shown and proved that banks lie, given the hole, to other banks, the government of Spain, Europe and markets in general; unhinged buyers who do not know what to expect. Llied to perform the operation.
  The ECB already know the diagnosis and course of the disease, suffered with Greece: Bankruptcy. In this illness the hole is always greater than what they say they have estimated. It is non-refillable for several reasons:
   - Continue existing housing stock, so the value of bank assets has not touched the ground.
   - The relocation of companies makes products incompetent and its imported more than it is exported.
   - The "capital flight" drains the money to it origin: Germany puts the bailout money> it gives banks> these deposit them in a strong economy contry, curiously Germany is favorite.
  All this they knew that would happen in Greece, and still was rescued. Initially Mario Draghi, as Sanchs & Poors Advisor, was contrated to audit the country, to launch sanitation and start clipping. Mario ended up asking for a ransom of € 150 billion. The money vanished with the known capital flight and returned, as we report, Germany, Holland and some tax havens. For now its seen who is winning.

Germany is uneable to invest in operated states
  Germany wears, unable to sell their products or collect debts on time. Still does not stop the locomotive.
  To Germany economy at first does not interested in problems in the eurozone. It makes harms to Germany in short and medium term, but benefit in long times, possibiling to get its "vital space" at a bargain price. Could seems to exist a predetermined plan to take over the eurozone, literally. But not now: the intervened countries are in a state of neoliberal exarcebación preventing any kind of investment in their companies. Although a german manager should place in one of this compaies the Spanish oligarchies would sink their efforts, to stealing even its underwear.
   The Germans oligarchs are able to orchestrate a sack of continental proportions, but judging by the lurches which has its politics and economy, and expoleados by the scourge of capitalist austerity as if it were a PIIG, this pictures is, by now, unlikely.

Europe forges another bubble to benefit investment groups
   The European Institutions do not avoid, deliberately, the problems in the eurozone. Constantly accrue the problem. Gives gasoline to the arsonist, distributes money to usury like confetti, to countries that are not going to be able to return, refinaceing constantly, which is the same as was done with toxic loans and subprimes. Require a containment that crumble countries, preventing its development.
   In short, they will creat another bubble in Spain. This will explode throughout europe, which is who make the money, including Germany.
  As seen the European authorities and international institutions, beyond the range of governments and states, far from ending with the economic problems try to develop them. ECB, IMF, S&P stands behind whith hiden names. Names with flesh and bone one day pay.

And the solution?
   For a state there are thousands of solutions, but does not like any. Featuring:
- Create productive industry with direct investment. It is required consent of Germany, who hopes not to lose exclusivity.
- Deferring repayment of loans. Impossible not to raise the interest without choke and causing capital flight that pull the money.
- Restructuring of public administration. It would mean have to fight against regional political oligarchies: Impossible.
- Increase fiscal control over businesses and companies: is preferred tax amnesty.

    For a individual. As this is pure science fiction, we are confident that the solution is not the State or Europe. Under present conditions demand every man hepl himself. And that means that each of us must try to rescue himself without waiting for a preserver lead life. We in tarcoteca are anarchists, we organize. Now more than ever we look for alternatives outside the capitalist system, such as cooperatives. The truth is that there are not many.

After so many years the state will fall prey to its own barbarity.
Death to the state and long live anarchy!

For more information in spanish: http://www.cotizalia.com/en-exclusiva/2012/05/31/los-hedge-pagan-intereses-de-hasta-el-10-para-especular-contra-los-bancos-1217/

martes, 10 de mayo de 2011

Disintegration of the European Union or how Germany did emerge and submerg a continent.

del blog de reflexiones con farvelo
It was interesting to see how Germany and France drew the chariot of the European Union with massive amounts of money to fund the restructuring and infrastructure in Europe. In 1992 we all thought they were fools. Who would invest money in Spain and for what? Why put factories when they were being relocating? What did they produced so bad that they need us to producced it ? At that time in Spain there was a bit of agriculture, some secondary industry and much tourism. We told them "the money is your, do with it what you want". We speak of Germany as example, there is other countries with the same strategy.

Brief history:
In 1955 Spain entered the UN and ended its international isolation. In 86 we entered NATO, which put us in Europe. In 91 falls USSR, overrides the Warsaw Pact and gradually expands the European market. In 92 we became members of the European Economic Union UEE. With such infrastructure, freeways and highways, ports and airports dazzle us. Europe open us their legs. Chapter closed “transition” (la transición 1973-84), and open new one “development” (desarrollo 1989-2001). No more "semos diferentes" (we are differents) but "here we are."
The first alarm of future problems was the struggle for European production quotas. The conceps was to restructure the production to make it competitive. In Spain, field of croops and their areas gradually began to depopulate, with the few farmers who were great landowners and state-dependent. Fishing quotes was transferred to other countries. It was restructured industry, near to close, like mining, the begining of global delocalization. But spain invested in services, built hotels and clubs (turism is main industry in spain, more more tham 50%  annual PIB producted). Europe already had a place of leisure. Nobody cared that the northern countries maintain their factories. Even some people call them stupid becouse they not moved their factories to poorer countries (to increas their bennefits) and accusing them of give it to the protests of their workers. The country was really disorganized, unstructured production, and dependent on the most basic supplies. But the wheel keep on rolling. Anyway we did not fully believe our good luck. Spain grew, grants kept coming.
In 2001 the UEE, already being the European Union EU, wiht own parliament and other trifles, is self-sure that it is mature enough to try the political union. And it was tried through the economy, creating a single currency, “euro”. We got wide-eyed! But that great idea did not prevent a crisis in Europe: "but how?  Everythings its ok!". And we saw the rest of preoblems. So Germany, anticipatory, began to invest abroad, Turkey, Syria, China and other emerging countries. No one can can stop it, standing out as a regional power.
The day that ended European subsidies in Spain houses were built as flowers grows. The brick throwing the economy car and service productive sector employed the most people, as planned.

Today:
But the problems came. Underlying fat problems: the economy was inflated and the companies had grown at the expense of the state's investment. (Like in USA) years led to speculation that prices will swell to the point where the accumulated debts were unpayable. Revised house of cards fell just unglued. The loan interest turned to usury. Banks without recourse was assisted by state money. Asphyxiated institutions cut costs and most companies, employees of public works (not like in USA), were not paid. They were on the dole =  masive dismised = endemic poverty.
And then we silly saw the picture: Germany was the second exporting nation in the world, most industrialized and most higher income! Óle to Germany! Kept for himself the share of industry and investing in infrastructure everywhere had build a system able to move more than half of their goods in the European Union, being the most of members of UE unable to generate goods for themselves, and uncapable to compete in quality and prices. Had created a situation of dependency.
In other circumstances a country devalues its currency to boost exports and earn money, but the lock of the commun currency, controlled by who put the money, Germany, would not open. And what products are sold and to whom, if everywhere find others thousand times cheaper? There are no markets that accept these goods.”Will have to reassemble the industry?” And what happend with all the money that states must restore the European Central Bank (ergo to Germany), first coin generator? The capitalism requires that every penny is returned, or else proceed to the seizure of the country. Unstructured and without money. "Short live to submergence countries!”
The final blow came when "rescue funds", more German money, was disposed of. With this Germany finish to take Europe and ended stabling  not militar protectorates over the countries bailed out, unable to return what they should: Greece, Ireland and Portugal were his. In brief Spain. Now, that its European partners could not buy more goods, are supported in countries where previously invested outside the EU. Machiavellian and effective. Logical.

Conclusion.
Why the circumstances should allowed, who was benefit. All this is secondary. With this scenario underwent countries can not raise its head in the European Union. But its real impact is and will always be on the impoverished population. It opens the door to Europe again, this time out.