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America borrows «trillion» dollars a year .. And harm the Iraq crisis
Justice - 08/08/2011 - 18:19 | Hits: 21
Major crisis in 1929 was the last "crisis of production" .. The sense of decline in profit rates .. Which leads to closure of factories .. The layoffs .. And bankruptcy .. The decline in public spending .. The decline in demand .. And a further deterioration in the supply and production. When the session reaches its bottom wages are the least, and factors of production levels, which stimulates the production ..
And labor demand .. And increased demand .. And encourage the production .. And so on. The economy was treated the same by himself through the stages of bankruptcy. Which started in the major economies, especially the U.S. fought against them, and on the other Trahlha .. It can therefore .. The dollar became the global currency .. The U.S. economy has become the center of the global economy. Crisis turning of the "crisis of production" to a "liquidity crisis". And became America's most indebted .. The public debt exceeded its gross national product .. The legal limit .. From here the seriousness of the current crisis, which finds its roots in the previous crisis, and will prepare for coming, especially the unemployment rate is very high (9.2%).
The U.S. public debt in 1980, "trillion" dollars .. And rose in 2000 to (5.5) trillion dollars (200 billion dollars on average per year) .. To rise within (10) years to (15) trillion in 2011 (a rate of "trillion" dollars a year) .. And without raising the debt America would be unable to pay for all serious complications. But the elections to come .. And Republicans with a lift, but they do not want to give Obama more money available, Vitalpon cut spending and not raise taxes, and prevent him from achieving his program.
Perhaps the most eloquent sign of the results of this migration, indebtedness and delinquency measures, announced Foundation "Standard & Poor's" Reducing debt rating of American public one degree .. A move is unprecedented .. And occurs for the first time in history .. The institution is accredited internationally and specializes in the evaluation of the public debt of the States, investments, treasury bonds and the feasibility of the procedures .. This response was quick and the U.S. Treasury angry. Delayed response was the stock exchanges and the falling dollar and stocks all the negative effects on other countries .. Perhaps the most important of China, which has reserves estimated at 3.2 trillion dollars, 70% of the dollar ..
and Iraq will be affected by the low value of its reserves in dollars .. The tens of billions of dollars into the Development Fund and the central bank reserves and Iraqi banks .. As well as the depreciation of Iraq of U.S. Treasury securities .. And the impact of crisis on oil prices .. And foreign investment in Iraq. Which requires precise control of the Iraqi authorities to minimize the damage and defend the rights and interests of the country.
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