Monday, November 10, 2008

Anniversary Funny Rose Cards

INVESTIGATION CONTINUES ....

http://associazione-aut-aut.noblogs.org/post/2008/11/06/dalla-crisi-finanziaria-al-crollo-del-sistema-bancario-americano

Cause Of Blotches On Black Skin



From financial crisis to the collapse of the U.S. banking system
weeds November 6, 2008 20/10/2008 14:59 Pisa, Interview with Professor Alessandro Volpi, Professor of Contemporary History Geography and Economic Policy at the Faculty of Political Science, University of Pisa. He has published several books and numerous articles. Collaborate with "Il Tirreno", "Il Manifesto", "Nigrizia. Among his recent publications "The End of Globalization?", Pisa, BFS, 2005, "Globe Postglobale", Milan, Terre di Mezzo, 2007, "Without Measure. The limits of the global lexicon ", Pisa, BFS, 2008.
last few weeks the financial crisis has become, suddenly, the main topic of newspapers, television news, magazines. Everyone is talking about a crisis of enormous proportions, unprecedented in the history the world economy. What do you think are the causes of an event of this magnitude? This is an economic crisis, linked to a few, fortuitous circumstances that have occurred in recent years, or is it rather a structural crisis, which has its roots in what are the characteristics of the current economic system?

The real underlying problem of this crisis is that it is a structural phenomenon and not cyclical, that is, a crisis that has to do with a profound transformation of a production system that is now difficult to define capitalism. Why is a structural crisis? Because obviously in the coming years we will be faced with a reality that is not more than the past. It is not over and will never return to be it. This structural crisis is born around the 90s. The premises are in these years and are linked to the financing of the economy. The dominance of the financial economy is certified by the numbers in an impressive way: in fact, the nominal value of derivatives, which show everything that has to do with finance or a significant portion of it, certified by the Bank of Italy , is 350 trillion dollars when the gross domestic product of all the countries of this planet is barely 60 trillion dollars. It is therefore clear that a tremendous disparity is not always existed: if prey on the data in the mid-80s, we realize that the total value of financial transactions was slightly lower than real GDP. Even in the Italian case until the mid-80s wages were half the wages of GDP today make up less than 20% of GDP, so it is clear that there was a financialization that is evident in the numbers.


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