Do Bari Jay Dresses Run Small

"The war money" is a declaration of default. ORGANIC

By Jorge Altamira

The American Institute of Statistics is less fortunate than IndeK: complete enough to declare a U.S. recession, a couple of weeks, for a Brazilian minister preferred to be called "currency war". This occurs when global crisis has entered its fourth year on Tuesday black-July 2007. The extension in time, adding even more ominous prospects, is expressing a collapse of the capitalist social relations, which could not be reset automatically or politically (have been des-set even more), despite massive intervention governments and central banks. So she is now also a political catastrophe, as shown by the crisis of European governments and unmitigated failure of the IMF meeting ten days ago. "The metastasis of the world capitalist crisis," the title of a previous article of our authorship (OP-1106, 29/10/2009) described the inevitability of what is now the owner of newspapers and news agencies (which is happening these days is a metastasis of the crisis triggered by more than three years).

The dog's tail

The protagonists of the new outbreak has been the usual: financial funds. Once again, capital is chasing its tail and is the principal agent of the dissolution of capitalism. Indeed, as happened recently with the crisis in Greece, when the funds began to bet on its sovereign debt default and a partial dismantling of the euro zone, have now done the same, but with coins. In mid-July, the foreign exchange markets recorded a sharp increase in the amount traded: 2.6 trillion dollars a day to over 4 billion. The intensity of the speculation was shown by another fact: the buying and selling of currencies is done with a modest investment, 2%, the speculator borrows two, to a near zero interest and currency bought by fifty, with the expectation of making a difference to the volatility of the currency (devaluation-revaluation). The currency exchange is done through debt is valued at one trillion dollars. Any change in the conditions of this speculation, as increases in interest rates or reversal of the value of currencies, would cause failures in the size of which threatened a worldwide depression in late 2008.

Japan

The first currency affected by this speculation was the Japanese yen, which gained unprecedented levels -82 Yen per dollar (before the crisis was trading at about 100 yen to the dollar). Japan's government said then that beyond this level would to sell the yen en masse, because the revaluation penalized exports. The threat became reality once a settlement of 20 billion dollars in a single day. In between, of course, there had been something 'sinister' means the Central Bank of China had joined the bid to the rise of the yen by buying Japanese government bonds, although the amount was modest (6 billion U.S. dollars) indicated that China sought to devalue its currency against the Japanese to promote exports Japan and from there to penalize China. Japan has the dubious honor of having the world's largest public debt: 15 billion dollars, up 300% in relation to GDP. China, meanwhile, admits that its public debt may be purchased by foreign central banks, which blocks a mechanism for its own currency speculation. What happened to the yen (which was bought with a view to revalue), started moving the Brazilian real, the euro, Swiss franc and other currencies like the Australian, Thai and Korean. Japan, however, is going through a massive deflation (falling prices), which affect corporate profits and increases real value of debts. Greater rise in the yen means more deflation (lower prices for domestic and import), but with the added difficulty that there is no room for deflation (decrease in monetary terms) the costs of production. The adventure speculative yen exposed the collapse of the Japanese economy. The same thing happens again in Europe because the appreciation of the euro increases cost of production and emphasizes the difficulty of exporting its crisis. For countries with private and public debt unpayable, this represents the possibility of another earthquake. Ireland is virtually bankrupt, as the rescue of one of its banks has consumed the equivalent of 50% of GDP. Portugal, Spain and Greece are still under threat of default, the appreciation of the euro is a coup de grace for the Italian industry and Berlusconi, Tremonti.

first devalue

Obviously, the villain is the U.S. dollar. The huge U.S. fiscal deficit and the even more enormous printing money to bail out bad assets of banks have established a persistent trend of dollar devaluation. The speculators sold dollars to buy other currencies. This has caused the bubble in the exchange markets. What's more, the growth of unemployment, housing evictions, the default business premises and falling property prices have led the Federal Reserve hinted, to November, an issue even more aggressive dollars. There is a consensus that this issue would be unable to lift the U.S. economy, which bare the intention of producing a massive devaluation that allows an export of its crisis to the rest of the world. Speculation in foreign exchange markets, we and the 'war on cash' and, ultimately, to the displacement of faltering international monetary system. Many observers, of course, do not see it this way and consider the widespread devaluation of the dollar as a last resort to avoid a trade war, because the fixed value of the currency devaluation that raises avoid penalizing foreign trade between nations through customs and tax barriers. The discussion of this adjustment will be made at a meeting of Group of 20 has been convened in early November.

The U.S. default

But that agreement is, for now, impossible. First, because it is not a simple adjustment of the dollar against other currencies, since there are plenty of mismatches between the other currencies, particularly in Asia (Korea South, Japan, China, Indonesia, Thailand), and because it is the same as the position of the euro against the dollar than the yen. China has officially declared that a major revaluation of its currency's plunge into economic chaos that A realignment involves a substantial devaluation of the dollar would mean, above all, a default on U.S. debt held by foreigners-four billion dollars, 1, 8 billion in China. The steady appreciation of gold is an expression of a tendency to default on U.S. government debt. A withdrawal of this capital of the United States not to conclude in default, should be offset by Federal Reserve purchases, thereby currency issue-otherwise, we insist, the U.S. should declare bankruptcy. The threat of inflation that would trigger such compensation would lead, however, an escape from debt by U.S. investors and a surge in interest rates. This increase would require settling all financial and monetary purchases made through debt and, therefore, a chain of bankruptcies. This possibility has recently been identified by the rating agency Moody's (Financial Times, 12/10), reporting that U.S. banks and companies again have borrowed beyond their limits, to buy, besides coins from other countries, other companies or shares in the United States.

An undervalued currency and low interest rates perpetuate the movement of borrowing in dollars to buy other currencies, the monetary war would continue. If, on the contrary, the U.S. increases interest rates, in addition to revalue the dollar would cause a major recession. Many analysts anticipate the possibility of a reflux of speculation on currencies revalue the dollar and trigger substantial losses.

Argentina: inflation dollars importing

The devaluation of the dollar sparked a festival of bonds in Argentina, which fills the pockets of very vulture funds and less vultures, vultures and national. The entry of foreign funds is reflected in the accumulation of reserves by the Central Bank to prop up the peso will not: thus came the devaluation of the dollar against other currencies. But the solution is misleading, because the weight is revalued against the dollar as through the loss of domestic purchasing power, inflation. The Central Bank of the K functions as a garbage dump in the U.S. prints dollars, buying stocks that are devalued. What keeps the K scheme in place is that speculation in Brazil or in Europe is higher, therefore the real and the euro appreciated more than the weight, leaving a margin for export (which despite the trade balance with Brazil is poor). Argentina, as with the major emerging economies, is not far from the global crisis but at its center: imported inflation caused by the devaluation of the dollar and will be destabilized from beginning to end by "the currency war." When reversing the direction of this speculation, speculative capital input current becomes its opposite: a phenomenon of its kind in South Korea in 2009 caused him to lose 60% of its reserves in a few days in Argentina capital outflows occurred for 40 billion dollars.

What our Madam President will propose at the meeting of the G20? Is aligned with whom? Escrachar Busy journalists, Boudou not yet dropped a idea of \u200b\u200bthe head. If you ask U.S. monetary rigor, as does China and Brazil will, lose export advantages offered by the devaluation of the dollar. So surely never forgotten dust off the "carnal relations." The political disintegration of the block can not be dissociated Kirchner depletion 'production model', which has led to precisely the capitalist bankruptcy.

Every balloon is inflated

The current state of the global crisis exposes the perversity of all rescue plans, which offered banks out of the crisis through speculative opportunities and the same methods that led to the corporate and mortgage crisis that sparked the crisis. This also applies to China, where real estate speculation is almost triple that broke out in the United States in 2007, when measured relative to GDP (350 vs. 800% of GDP - Dario Epstein Infobae). Only a bankruptcy that eliminates most of the bad assets and all the superfluous capital, or economic and social catastrophe, can sit the premises of a capitalist restoration. The global crisis has no outlet, in capitalist terms, without a declaration of bankruptcy. A columnist for The Telegraph (11/10), Ambrose Prichard, welcomed the possibility of a dislocation of international trade because, as in the '30s, would promote recovery plans on a national framework. It's another way, however, argue that the bankruptcy filing is inevitable. Martin Wolf, Financial Times editor, says the U.S. has the means to develop monetary war to its conclusion, and that the G20 will submit to this extortion and accept the ultimatum issued by the Federal Reserve from its decision to double the emission of dollars in recent years. The issue is whether China accepts the ultimatum, or if negotiations with the European Union and Japan for its rejection, and opposes requirements that limit the ability of the U.S. to devalue its debt. The capsule of the crisis has reached the bottom of the tunnel.

-
IF YOU DO NOT receive these emails, and delete Your HAGANOLOS KNOW OUR EMAIL DISTRIBUTION LIST


PLEASE read it, and PUBLIQUENLO
DIFUNDANLO



GREETINGS WITH CESAR USCAMAYTA
cel : +591 79620723

What Groups Does Albinism Affect

proposal to the Popular Assembly of Delegates Whole cited for the 30/10/2010, adopted by the National Coordinator of 27/9/2010.

The People's Assembly has passed since its inception through various stages in a process of ongoing growth and development. Has been a naturally adversarial, non-linear, with some pieces together multiple additions. Born as a political and programmatic (remember the Platform Artiguista) between political forces and militants in the area leading independent association of culture or the fight for the environment, was developed with the 40 measures and municipal programs, ; adding wills and assuming responsibility with courage and the immense challenges that history has put us ahead.
No doubt some of the determinants for retention and development of AP so far have been: a) a clear definition and policy and programmatic oligarch and anti-imperialist opportunism, expressed in the FA, the government and the trade union and social movement, and strong support popular and revolutionary struggles internationally, b) the collective effort to build a climate of political trust among all components, c) the political and organizational flexibility that allowed us to reconcile different ideological conceptions and realities, different histories, different levels of development.
Today we plan to jump in the AP organic convinced that the time that touches us and we will live in requires us to record a higher level than we have today. That should keep in essence what the AP: policy and programmatic agreement between different political forces and independent activists who share an agenda and a common political project. Proposed organization
:
- National Coordinator. Whole
-National AP delegates.
-National Assembly of Adherents.
- The National Coordinator of the PA is composed of representatives of national political forces that make up the AP, 26M, PCR, MODEJU, FORWARD, PH and independent peers appointed by the National Delegates Whole the proposal of the National Coordinator.
- The National Whole consists of the National Coordinator, with a representation of 2 delegates for political organization and one for each independent for 2 delegates for each of the popular assemblies that run the country, plus 1 additional delegate every 20 active adherents , 4 delegates for the work fronts in operation and 1 for each political force departmental or regional character.
-National Assembly of Adherents. Highest representative body composed of all active adherents of the AP. They are active adherents who are active in an AP Land, Labour Front, Central Commission and / or members contributors to 90 days old and are up to date listing. That is, by all the members who are militant in a territorial assembly, work fronts and central committees. Every 2 years will meet in regular session, and extraordinarily at the request of national or Whole express will of 25% of active adherents.
functions of each agency .- .-
National Coordinator has the responsibility for daily management of the NPC. Well as public performance of it. Decisions are taken by consensus and will always have the flexibility to respect the different political and ideological that comprise the AP. Whole
Nacional.A-You are responsible for defining the position of the AP on major political issues and to organize and define the work of the national AP. Should meet four times a year. Makes decisions by majority National Assembly of Adherents
.- is focused on the definition of the broad lines of action of the AP, as well as adopt the agenda and common applications of the PA and the amendment of bylaws. Makes its decisions by majority vote, except the amendment to the bylaws, which require 2 / 3 of the attendees. Consideration will need a quorum linked to the amount of adherents. Income
Political parties and organizations:
Join the National Coordinator of the consensus, endorsed by most of the National Assembly of Adherents. If no such consensus, may enter the National Plenary, the National Assembly of Adherents to the Neighborhood Assemblies and Local, and Lemma, by a majority of the NFP.
For AP-OCTOBER WHOLE DOCUMENT POLICY
2010.-A little over four years since its founding two years have defined participation as a party in the electoral arena, the People's Assembly is installed unquestionably as the organized expression of the left in Uruguay .
This does not mean that no fellow left out of the AP. There are, even among those who still have some expectation to the FA. What we say is that in terms of organized political project, with national and minimum capacity of mobilization, there is nothing outside the AP. And this statement does nothing but multiply our responsibility.
The consolidation of anti-national coalition government of liberal, white, red and independent guarantee the neoliberal model, serving multinational corporations and big business. The global capitalist crisis that is beginning to affect our economy, forces government and its allies to set strict policies to meet the demands of the IMF and World Bank assured that the harsh effects of the crisis fall on the shoulders of workers and the people. The Law on Budget and State Reform, discussed today in parliament, coupled with public-private partnership law and other related initiatives are a clear expression of the forced march undertaken by the government and its allies. The advance of the crisis and the greed of multinational corporations, government and rush to shrink their margins of maneuver. The dismantling of state, privatization of public enterprises, the looting of our natural resources to unprecedented levels, the concentration of wealth and widespread poverty are some of the dominant features of this phase.
The agreement between the parties of the system and the collaboration of most of the leaders of social organizations, facilitate the implementation of this policy delivery. But at the same time will exacerbate the contradictions and naked before leaving the increasingly important areas of people, the true contents of this policy and responsibility of its perpetrators and their accomplices. In this framework will generate increasingly better conditions for the consolidation, development and growth of the People's Assembly as the only alternative opposed to the system and the development and strengthening of new expressions of unity, organization and popular struggle in the countryside.
This is the great challenge that we face the stage. A stage for the People's Assembly to be offensive at all levels. Combining the effort of building the national organization, which probably will be scheduled at this stage by the addition of militants and detached sections of the ruling party, with the construction of power in the social movement and active presence in all expressions struggle that is being generated in opposition to government policy and its allies.
MAIN TASKS OF STAGE .- .-
Internally
- Install and consolidate the presence of the national People's Congress. This implies on one hand ensure the functioning of local assemblies and departmental as well as the fronts. And secondly to develop a broad policy that allows us to capture the growing dissatisfaction with government policy. This is critical to affirming the popular Assembly as a political agreement, based on common program definitions, which caused a political tool for ensuring proper profile plural and diverse character of its composition.
- a commission to make a proposal to ensure smooth and regular contact Among grassroots-PA. local organizations and agencies working committees address-Define
Training policy that has as its basis the definition Artigas imperialist and People's Assembly.
- Ensure the functioning of the central committees of organization, finance and propaganda.
In political action of the PA.
- entered a period where we believe that the AP must prioritize the cultural battleground. Considering the full extent and strategic importance, (pillar of the ideological struggle), we must move on to the organized fight against hegemony, and not only the government but the system in the field.
- We think that in the immediate future, talking to the cros of this area and considering what they built in these years of work, you have to see what the best way forward in a concrete way to build a policy Ap at the cultural level. Consistency, the highlight and the experience of the cros., Makes us think that we must reaffirm the political will of the PA to work front that constitutes and affirms cultural quickly.
- Give all the support and encouragement to the newly created Commission on the Environment, Natural Resources and Food Sovereignty. Promote the creation of a National Movement to fight for these issues , To the greatest extent possible. We
it with fellow first level, with strong background and proven track record. We believe that this is a battle front of tremendous importance. Because the model imposed by liberalism is essentially predatory and plundering. And in defense of our natural resources at stake the future. Ourselves and humanity as a whole. It is a battle front besides, that if we face them extensively, we will join forces with other social sectors, beyond the limits of the People's Assembly to confront the neoliberal policy of the coalition government. We believe that from this work against the People's Assembly can and must convene and organize a Grand National Movement for the Defense of our Environment and Natural Resources. This movement must be accounted for at national level to deal with projects such as UPM, Aratiri, transgenic soya, the so-called bio fuels and other expressions of plundering and predatory neoliberal model in force in our country.
- A policy to support the struggle of the Coordinator of Retirees and Pensioners.
The recent campaign to collect signatures in support of the platform just Coordinator, demonstrated the immense possibilities that exist for working in this sector. The campaign coordinator buzzed -government organizations and made it clear for many retirees the complicity of the Onajpu with government policies.
is coming to an instance of great importance in the fight for pensioners, as is the election of representatives to the board of BPS. Beyond electoral expectations, we believe this will be a decisive for an organized state of confrontation with the government policy level retirees. We must find ways to support with all our strength, to fellow coordinator in this tough battle.
- Define a policy to support from the labor front and strengthening and developing youth Coordination Workers, students and senior class. Or the organized expression of coordination and control that arise in this phase. Based on a common definition of both the political face of the coalition government as the political expression of this social movement either with the leaders of the ruling or the labels that are used to curb the popular struggle.
The thrust of the government in implementing net neoliberal policies pushed by the capitalist crisis that leaves less and less room for maneuvering, wears pro-government union leaders and exposing the true essence of his policy. This will generate increasingly strong contradiction with sectors more aware of workers and the people. Perhaps the clearest cases of this are the de Olivera in Fenapo and Cabrera in COFE. In this context the call made by our fellow Clasista Coordination, its formation, the call to march and act and the call to the concentration on the day of the strike, are very important steps taken in the right direction. Surely this process
contradictions are more acute in the coming months (definition of the budget, State Reform, Wage Councils) and is essential to go build a real space for coordination and control that is a specific reference to the sectors will be radicalized and hitting the lame policy of most central. We believe that an organized
progress in meeting the stated objectives, we will develop the necessary inclusion in the popular movement, it strengthens the People's Assembly as the authentic alternative to the left in Uruguay. The emergence of the People's Assembly, the political break with the power, the electoral participation allowed us to settle as a political force with a national presence, with a political project and clearly defined program. Today the challenge before us is to take root, insert ourselves more and grow in strength influence on the popular movement. Being able to promote the organization and the struggle of popular sectors most advanced. To become more and more to the masses in a clear and reliable reference for the control of the authentic left. The only left. This is in our view the fundamental way for the growth and strengthening of the popular assembly.