CRISIS: NEW GLOBAL ECONOMYGerman Gorraiz López

At the origin of the crisis, the suicidal policy of major global banks in granting loans and subprime mortgages , triggered the crisis of " subprime " U.S. , followed by the appearance of toxic assets , a trickle incessant bank insolvencies , severe contraction of bank loans and alarming lack of monetary liquidity and confidence in financial institutions ...

First World economy

Entry into economic recession of the First World economies with estimates of economic stagnation until the second half of 2012 , market collapse and ensuing financial starvation of expected business and devaluation of their currencies to boost their exports.

The price will be :

- The brutal contraction of domestic consumption and restructuring in the automotive , financial, airlines , real estate , construction and insurance with the resulting domino effect in the cascade of business closures and increases in unemployment to levels not seen since World War II .

The settlement of the prevailing compulsive consumerism in the last decade , caused by rates soaring unemployment and the loss of purchasing power of workers because the meager pay increases , freezing or dramatic reduction thereof attached to widespread job insecurity with minimum wages and interim lifetime : establishment of minimum working hours of 45 hours per week and postpone retirement at age 65 , joined the progressive deterioration of working conditions .

emerging

- Severe stagnation of their economies with annual GDP growth of close to 5% after a spectacular decade with rates higher than the double-digit growth, thus preventing them reduce their poverty levels.

- Brutal constriction of exports and dramatic reduction of its surplus due to the contraction of world consumption.

- Iimplantación by emerging stricter labor and environmental laws and the appreciation of the yuan in the case of China.

Countries of Eastern Europe

Replacing the current European Union countries a constellation of satellites in the orbit of the Franco-German alliance ( Eurozone ) , the other being forced not integrated into this orbit to devalue their currencies and return to autarkic economies after suffering massive migrations countries interior .

They shall proceed to the reopening of abandoned coal mines and nuclear power obsolete to avoid relying energy of a Russia that , skillfully combining the energy blackmail , deterrence nuclear threat, the military intervention surgical and destabilization of non pleasing neighboring governments shall be placing low orbit to most countries of the former USSR broken off .

Third World Countries

- Runaway inflation in double digits and dramatic increase in foreign debt , due to the urgent need to import huge cantidades food to supply its inhabitants at the alarming shortage of agricultural commodities for food (wheat , maize, millet , sorghum and rice ) .

- Throttling exports and general depreciation of their currencies because of the severe global economic crisis , reflected in the contraction in global demand for raw materials , which will force a large part of its population living below the threshold of poverty.

The crisis goes "in crescendo" to reach its zenith on the horizon, especially affect 2,018 and the West Indies, Central America, Mexico , Colombia , Venezuela , Egypt , India , China , Bangladesh and Southeast Asia, with special virulence preying Africa Saharan and can pass the population trapped in the famine of the current analysts' estimates 2.000 million 1.000 million.