J d. accustomed Naji al-Hamdani
financial crisis of capitalism result of the economic crisis experienced by the U.S. economy كعجز budget and the worsening external debt and financing the military, inflation and unemployment, and the control of financial oligarchy and its monopolistic and other phenomena pathological produced by the nature of the capitalist system, which lead to the outbreak of other crises Kalozma current financial broke out as an extension of the mortgage crisis in the United States and moved quickly to the euro zone countries rich and took received بأعبائها on other countries.
was not the financial crisis violent surprise or casual system capitalist system is periodic crises as a crisis stagflation in 1929 - 1932 and 1987 crisis and the 1997 crisis and the crisis in 2008, predicted the outbreak of other crises deeper and wider.
The roots of the financial crisis lies in the nature of the capitalist system and its exploitative class. It is for quick profits focused companies monopolistic giant capital and investment and commercial activities in the financial sector such as banks and stock exchanges, insurance companies, financial institutions and transport services and communications and entertainment as the role of gambling, prostitution and cabarets luxury and other service areas and corresponding decline very valuable activities and economic activities in the sectors of production material such as industry, agriculture and trade. Valtaamlat in stock may be worth more than 600 billion dollars, while the value of global real production 148 thousand billion dollars. The financial crisis of capitalism deep crisis threatening the U.S. economy and the countries of Alaorio and the countries that are going to tractor capitalism which is an extension of the mortgage crisis that erupted in the United States in 2007, coupled with the food crisis and rising oil prices and has become a ghost terrifying threat to the capitalist system internationally.
has caught the mortgage crisis when The U.S. bank real estate lending citizens to buy residential properties or build houses for them at low interest rates, which encouraged hundreds of thousands of people from low-income families to borrow, but the increasing demand for borrowing has encouraged banks real estate to raise the interest rate, making the citizens are unable to repay their loans . This has led to the banks' fear of loss of money and drove her to book accommodations citizens and sold. And thereby created a state of panic and fear in the financial markets and led to the feet of investors and depositors to withdraw financial إيداعاتهم and to stop financial institutions from granting loans to companies and individuals. The result of this procedure is a severe shortage of liquidity in circulation and stop borrowers to repay their debts and led to a decline in the value of sales in the real estate sector by 80%. And became the all employees and workers threatened with dismissal from his job or his job.
has resulted in economic stagnation, inflation and recession commodity and the acute shortage of cash to restrict the movement of economic activity and to the significant decline in demand for goods in markets that are suffering from a large surplus in supply commodity. These factors pushed the industrial producers to lay off large numbers of workers and reduce production to high levels, which in turn led to reduced demand for energy resources is one of the important sources of oil the price of oil dropped from 140 to 110 dollars a barrel. The sources estimated the size of the financial debt resulting from the mortgage crisis between 1.6 to $ 6.6 trillion. Which is equivalent to imports of oil Saudi Arabia for 55 years.
Accordingly, the financial crisis that has embarrassed the capitalist system and other other crises confirms that the mechanisms of action of the capitalist system leads to crisis after crisis for many reasons, including:
1 - adoption of a system of financial markets transactions and fake paper formality you on the possibilities and does not entail any actual exchanges of goods and services. And thus be more like Palmqbader Tote which is based on luck and destiny and credits from banks in the form of loans and when they do not materialize possibilities occur financial crisis.
2 - bad behaviors financial intermediaries, which is based on the lure of wanting loans to obtain loans from financial institutions commissions high in the case of there is a risk and bear the consequences of that borrower alone, and this is what really happened and led to the crisis.
3 - The spread of moral corruption and economic Kalastglal, lying, rumors and fraud, monopoly and transactions phantom and lead these phenomena to exploitation and injustice and discontent community and create factors social revolutions.
4 - Adoption of the rules financial and banking on the rescheduling of debt at an interest rate higher or replace the loan payable loan new interest rate is high and this cast an additional burden on the borrower debtor who is unable to pay the loan first.
5 - expansion and excessive application of credit cards without balance, which bears the cardholder high costs. When the deficit card holder repay his trust of the debt plus the interest rate, and so on until they are booking it or pledge his car or his house, and this is what actually happened to many cardholders were a cause of the crisis some banks usury.
to stop banks from financing companies and individuals led to the deterioration of investment spending and consumer and pummeling many productive enterprises and the collapse of a number of banks and large financial institutions, including:
1. Foundation and Washington Mutual Financial Services, which was sold to a group JP Morgan banking giant about $ 1.9 billion.
2. U.S. investment bank's fourth-largest investment bank, which amounted to $ 150 billion losses and declared bankruptcy.
3. Merrill Lynch, one of the major investment banks in the United States, which lost $ 23 billion and was sold to the of America for fear of being bankrupt.
4. Incurred Bretton Fannie Mae and Freddie Mac's largest mortgage institutions in the United States of America, which operates with a capital of more than six trillion dollars to significant financial losses and nearing bankruptcy.
that the financial crisis has cost the U.S. economy more than $ 1,000 bn and the bankruptcy of more than 120 financial institution and productivity of the giant institutions, forcing the U.S. administration to solicit loans from China, where the total external debt of the United States until 2013, more than 70 trillion. Lost banks and shareholders in global stock markets more than $ 4 trillion during the four days of the outbreak of the crisis.
[You must be registered and logged in to see this link.]