Money

In certain historical moments, like the current financial crisis, one can question the value of money and economic system in general. This is not new and has happened in many eras and countries since the invention of coins. The other day, a friend of mine (Ivan, I owe you a Brave) sent me an interesting excerpt from the book "The Money" by John Kenneth Galbraith, it says the use of cigarettes as currency in postwar Germany. This is the text interesting.

As the disabled were largely as a medium of exchange in Germany after 1945 began, as always, to use substitutes. More specifically, there was a return to one of the classics of yesteryear currencies, namely the snuff. This could be taken now in a very superior. Instead of the road passing torpemente hand in hand, or sometimes suspect's certificate store, was the newly coined and standardized cigarette. It was the equivalent, in all aspects, from a reputable currency. The loose cigarettes and small change was an excellent package of twenty cigarettes or carton of two hundred multiples were appropriate for larger transactions. The decimal form was changed, but not to the point of presenting math problems.
Few forms of money have been more difficult to forge. And none had as great a tendency to self-value. If the value in exchange for cigarettes tended to go down, that is, if the offer was too big and the price of products exchanged for cigarettes was too high, the owner of this currency fumársela might prefer to put it into circulation. This would have the effect of reducing supply and sustaining value. There were some abuses by collecting cigarette butts and "recycled" in new coins of lesser value. In 1946, in the toilet of the office of General Lucius Clay and other senior U.S. military officials had a sign in German: "Do not throw cigarette butts in the sink." One soldier, who had observed the diligence with which they were wanted for "Recycling", he added at the foot of the sign this explanation: "It is difficult to moisten and smoking." However, this could easily recognizable currency lower and was only accepted with an appropriate discount. The instinct of the early American settlers, in the sense that the snuff was an admirable way of contrast, was strongly confirmed by the experience of the Germans after WWII.

As you can see, this secondary market of the money was governed by the same laws as the official currency markets, with the ubiquitous law of supply and demand and even with changes in the exchange rate due to variations in liquidity (or if there were many few cigarettes).

Looking for information on the book curiously I meet another friend of mine what another says in his blog, reaching these conclusions on the money of which you do a summary.

It is clear that the task of governing the money attracts a very low level of talent.
The disability is protected by the fact that almost never blamed the failure of those responsible for it.
As in diplomacy, a conformist, a good tailor and the ability to articulate the topic of financial fashion, has contributed more to hit a mentality that overly inquisitive.
In the government's money, as in the economic direction in general, failure is often a more profitable strategy that personal success.
There should be at all economic and monetary issues, a rule that anyone who has to explain its failure has failed, we must be benevolent with those who have had a poor performance but did not reach as far as to keep them in office.
No economic policy which only offered a choice between inflation and depression can be very satisfactory.
Those who crave the death of capitalism should pray for it to be ruled by men educated in the belief that any positive action is the enemy of what they call basic principles of free enterprise.

Both interesting conclusions as the use of an asset as peculiar as a substitute for official money. It's what happens when you completely lose confidence in the monetary system, especially in times of hyperinflation as happened in Germany after the Second World War and now in Zimbabwe (which has an inflation rate of 231 million per cent a year).

Fortunately, however pesismistas that we should not look or in a similar situation but it is worth knowing something of economic history.

So after this article, that somehow I have written two friends, I get to work to collect the day's news.

Written by Carlos Lopez on November 4, 2008 with 260 points.
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The week in the markets (6-13 Nov) (Nov 14, 2008)
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Gutting the mortgage. (Nov. 10, 2008)

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# 1, Prudencio

November 4, 2008, at 9:05.

Confiaza crisis.

Speaking the other day with a friend on diferenzas / similarities of this crisis with the previous ones, that made me a more interesting observation, "said Prudencio-me-we are selling this crisis is a matter of trust interbank. It is not true. This crisis is different because people no longer trust nor the companies themselves for which they work ... Whatever the industry. The bank is one more. "

Interesting opinion. ¿Ingenious? To taste the colors were, but I also think so.

And stretching the scope of this observation we have the same crisis of confidence in the great enterprise that is the government.

And as it turns out that if vams to trust when it comes to defending the interests of the citizens there are only 42 deputies in the chamber!

To this, apart from confidence crisis, should be called crisis of dignity.

And at 10 o'clock in the morning and half remained the same 42. This is how you defend my interests in the congress.

To this, apart from crisis of confidence and dignity, should be called crisis of shame.

And I feel that the shame of others is me ... and confirm my support for the crisis of confidence ... because the House (all, government and opposition) is a sovereign matter over which cock will publish its nefarious attitude. Anyway ... while the official car I do not have footrests passing of € 400,000, what should go to Congress? ... Uf, what laziness! But if this is the most pure communism ... as the political will corbrar anyway!

And fools of us, we have paid, pay and pay to the mob that does not appear to 10:30.

I think if you put them on the streets of patuitas feel in their meat and the rigors of unemployment ... in a somewhat pondrín more of such interest.

That do not have with me.

+179

# 2 Anonymous

November 4, 2008, at 9:12.

193,000 more unemployed in October.

+11

# 3, anti Measures?

November 4, 2008, at 9:13.

It turns out that if I stay unemployed can ask for a moratorium until 2010, then from 2011 will have to pay all that "I have stopped paying" prorated for 10 years (plas plas plas). Lords ruling please! I need is not to stay unemployed and who are involved in the mortgage referential, that the price of money is at 3.75! (tomorrow probably to 3.25) and is not paying the family home so that the "usual" are doing their businesses and above are you going to apply for a loan and it looks like you are doing you a favor .... the truth that we live in a world which has become really crazy.

+149

# 4, Mano H20

November 4, 2008, at 9:16.

Hello everybody.

Well, if Carlos Lopez. As the classic: "Mighty knight is Don Dinero" But look at the bottom, that we are curious with what the Spanish language and remember as our permanent home "animal" and our ancestral "sexism" (up for the money).

That fox is this guy! we say to praise the cleverness or wit of others. However, if we say that this is fox aunt! we are not exactly praise. That lynx! That eagle for business! It is clear that we speak of a man. That snake! It is clear that we are talking about a woman.

It will be Seal! Menuda cow! That parrot! Undoubtedly names caring nothing for them.
That mona! Little Mouse! Kitty! When we want to seduce.
Vacaburra! When we kill two birds with one stone, because it is clear that she is fat and low intellect.

And speaking of birds ... "the parrot from my mother-in-law" ... because my mother-in-law really is a parrot (word of honor) but for that moment I say out loud. That cockatoo aunt! (Of course I am referring to another, not to my mother-in-law).

It's a shark! It is clearly a prosperous businessman. It's a whale! Surely it is not a prosperous business woman.

However, there are also common animals or neutral: that guy (or that aunt), is like a goat. Poor goat who just want in the Legion.

But also the disdain for them with animals: crocodiles now in their pockets! To say it's a miser. They prefer the croc in the bag, shoes or skirts (some). As prefer the leopard in the pants (or we are the ones who prefer?) And the tiger in bed. Donkey, ass, hack ... .. I usually say to them. That orangutan!

That guy is a vulture! But .... This is a Lagarta aunt!

The is a bull! This depends on whether we refer to eggs or the horns to see if the insult is bad or worse.

Leon! We tell them. Pantera! They answered us.

Well and some you may ask why I am citing all this fauna would be endless.
Well, the truth is that not what is right, you answer me. But that would leave you perplexed. So I'm going to tell the truth.

I've a good part of the morning ojeando economic news (which are always mixed with political news, we want it or not): the crisis, banks intervened, helped or background, inflation, the Euribor, that if Obama wins, his grandmother or McCain, that if the summit of the day 15, who will chair or if ZP sucking bench, that if the moratoria mortgage ZP, that if the unions are mobilizing (as if you shake your ass out a measure that improves the economy) that if the bag down, drops or collapses ... .. but above all, as they give away our money, as money savers is intended to plug the holes of the spender, the little that comes to us all .... And while 192,658 more unemployed.

Well at the end you lose patience and rise to such foolishness, it comes from male or female, a member or member of deputy or di-putada (putada although it is better to say), dog-wolf or cow -ass ... ..

And of course, all the animals mentioned above, in one way or another, are tangible, familiar and recognizable, but ... .. How to compare all these economists, bankers and politicians, who decide our present and our future, our comfort or discomfort? How to compare these beings so insignificant that cause us so much evil?

There must be something subtle, with some of what we have heard, but none have come to see or, sometimes, to understand.

And of course, I just happen bichejos microscopic, which we know are there but none that we see with the naked eye. More than anything because, despite its small size, are able to make us enormous damage. For that, and in honor of those viruses and bacteria that govern our fates, I dedicate these ten animals:

1 .- You're shorter than the one paramecio Picha.
2 .- You have less value than an amoeba eggs.
3 .- No juntáis or the brain of a colony of streptococci.
4 .- You're more ill than a juice Ebola
5 .- You are simpler than the black and white photo of a bacterium.
6 .- You have less intelligence than a staphylococcus.
7 .- Less imagination painted a picture of chickenpox.
8 .- We jodéis more than a cold sores.
9 .- You're more than a Pelmo hepatitis C
10 .- And we give less than a joy gonorrhea after a night at a bar.

Bichos! What are you about bugs! Fleas, bedbugs, ticks, lice ... because you know just suck blood.

And agree, it is important to know whether McCain or Obama wins, but as I said Felipe González in his infinite wisdom East, citing the adage of Deng Xiaoping: "Jack White or black cat, the important thing is that hunt mice"

Well, I doubt very much that wins one or the other wins, none of them is a zarpazo to those rats who malmeten our destinies.

He feels it is that today I am more incendiary that our Fyahball and I'm singing that "I have no money uooó"

Salu2

-13

# 5, ignacio

November 4, 2008, at 9:28.

Tired of sexist messages in forums economy ....

-15

# 6, O-Bama

November 4, 2008, at 9:30.

Yes, We Can ... .. ?

-11

# 7, colors

November 4, 2008, at 9:31.

Today, I do not care indicators, because if you fall in unemployment .... The thing becomes very ill and seeing that we can be ahead of us, a hug each and every one of the 192,658 people who have families, mortgages. Etc., that still have been worse since its existence.
I wish you all the best in the world and that their unemployment situation will be short.
Greetings

+86

# 8, Fran Diaz

November 4, 2008, at 9:31.

# Unemployment is at its highest level in 12 years increased by 7% in October
# The news yesterday: The unemployed may defer 50% of the mortgage payment

I am going to forgive, but I get green:

Or nationalize the banks or postpone payments on mortgages: one has to nationalize mortgages.

It is my opinion and it is.

Greetings.

+55

# 9, Mikel

November 4, 2008, at 9:33.

One thing I do not understand. The Euribor this fall, yesterday was 4845, my box sends me a letter that it is my turn, said that revision will be at 6084% since early December 1st and 2nd disposal and post-6838%. It should not be less? I are taking the hair?

-15

# 10, rinsing

November 4, 2008, at 9:36.

Sorry to continue with the task of Double Taxation, I see it is not clear. Above all, I want to leave my opinion that hate paying taxes, but as a human being, I am aware that there are two things that I can not escape: death and taxes.

First, to demonstrate that double taxation is illegal. Any tax levied twice the same economic event is void under the law. It is true that in the corporate tax rate there is some inconsistency with the dividends, but apart from that, if either of you believes that there is double taxation on some concept, which it denounces. But be warned, informaos before.

The nature of each tax (VAT, IBI, Heritage, personal income tax ...) is different, different tax and economic manifestations, so in principle there is not, nor should it be double taxation. With the municipal tax not I get, because there are not many and I am very seat on the topic, and it gives me the feeling that there does walk the line of illegality in some cases.

But in specific cases, such as inheritance or gifts, which is a clear concept: If your father or your friend give you a flat, you get something free, and you have to pay taxes, even though aleguéis that your father already paid the floor The VAT, the IBI and the revolutionary tax. For one reason: Tax the person, not the family. Family ties to the Treasury is peeled. I do not say that it is a put it ... I know.

I, for example, one of the things that touched me the moral is that, by paying road tax, there is such blue zone. Hence, it gives me a feeling of paying twice for the same thing, but I am sure that there is a rational explanation so convoluted that it is even legal. Without doubt, one profession is the future of Inventor Tax, as the orange of the taxpayer can squeeze as they want, and with the law in his hand.

Aside from all that, what I did I ever do is like an Excel that was here in his day, but pointing everything that payment of taxes in relation to what income. Do it if you are strong of heart, because if not, cogeréis a torch and you dirigiréis the corresponding ministry Ah, what times those in which only pay the tithe, and the school taught me what an unbearable oppression for the peasants!

+22

# 11, Poor Hablador

November 4, 2008, at 9:36.

Yesterday it occurred to me with an idea about what 50% of the letter of the unemployed. With this idea in the end, equally mortgage, the unemployed will pay more interest than one that is not on strike (¿remember what the outfit's poor a few days ago?), But in that period of 2 years pay less mortgage.

It occurs to me that perhaps the government could "guarantee" for two years for 50% of the mortgage loan through a 0% interest, so that is where the unemployed back to the 50% rule, and not have to pay more interest at the bank.

That is, that you return the money plus interest that it is not stopped, what do you think the idea?

# 12, Minotaur

November 4, 2008, at 9:38.

Hello,

Well, well. It seems that the world see what many here still do not want to see. That our real problem is the housing bubble and when that happens the world crisis, which will, like everyone here will continue without lifting head because of speculation.

http://www.cotizalia.com/cache/2008/11/03/noticias_99_espana_probablemente_sitio_donde_invertir.html

Besides pointing that many things we have here:

It makes no sense to begin taking stock of VPO with the story that there is already a very bad solution long term.
Promoting the rent, how? Well, give it a good stick to everyone who has an apartment empty, as happens in many other places.
A rate as a "home" for those who buy and sell in less than 5 years, ie, a tax for "pasapiseros."

True, who said he was still selling flats, which is normal, that nobody denies it, but most sales are sales of 20 or 30%.

Measures are needed for real, even if they are harsh and complicated, and not the patches that the government is taking.

+18

# 13, Ruins SOLBES ZP UNIONS

November 4, 2008, at 9:42.

Some lessons from the Japanese crisis
Published 03-11-2008, Jose Carlos Diez. Chief economist of Intermoney
In 1991, the Japanese stock market and property prices collapsed and caused the worst crisis in a developed country since the Great Depression. The banking system had financed all that madness and the plummeting value of the collateral caused a systemic bankruptcy, reorganization which has cost 15% of Japanese GDP.

The main feature of the crisis was the inaction of both the RESPONSIBLE FOR ECONOMIC LAPOLITICA and businesses and banks.

-5

# 14, ICG

November 4, 2008, at 9:42.

Good morning!

Yesterday evening I leave with you what we got:

# 203, ICG

Nov. 3, 2008, at 19:42.

So ... ZP postponed the mortgage payments ...

... And why not deferring the payment of the rent?

We will have to wait to read the small print of the new measures against the crisis that has just announced the chairman of the Government, José Luis Rodríguez Zapatero, but a boat soon, the feeling is that they will leave satisfied to very few people. At first, and failing, I insist, read the fine print, that it will be as safe as leonina of the banks is very good that the unemployed can benefit from such a moratorium of up to 50% for the mortgage payment of dues for two years.

But why not extend that far to the rents? Why citizens who a few years ago acted with common sense and not entered in this madness to buy flats at any cost, rejecting the tax benefits associated with this operation, and now have been left unemployed, also did not receive help paying the rent? And now that we get to help, why not also help those who have become unemployed and have problems paying the car? Or to make the purchase? Or is that in this country are entitled only to help those who contracted mortgages?

I have the feeling that the rush to appease the criticism of the PP of doing nothing to combat the crisis could lead the government to enter into a process of discriminatory measures and with little real effectiveness.

Personally, I think that is another type of plan that should put the Government at this critical situation. The solution is not to come with the basket full of fish, it is better to teach fishing.

Alejandro Ramirez
My Portfolio Investment
03/11/2008 - 13:21

Does the Constitution does not say that we are all equal?

They are all to p.. Mierdaaaaaa ta !!!!!!!

Greetings!

+14

# 15, Ruins SOLBES ZP UNIONS

November 4, 2008, at 9:46.

excellent,

the rented sound too have the right, is the most sensible q has been said on many days.

or do we throw away the well now, the day before being despsdido q then we pay the mortgage?

this is not true equality, is a messing around. Bulk buying of votes by the WORST PRESIDENT OF THE HISTORY OF SPAIN

-10

# 16, ICG

November 4, 2008, at 9:47.

And I stress responses of Enrique Lopez:

PEATÓM. Can you explain better influences as' the market price 'in the ...?
ENRIQUE LOPEZ. The rule of valuation at market price, which has imploded the entire financial system, requires banks to assess the high-risk mortgage loans at market value stream, which causes great problems to the balance sheets. The floor today is worth 10, next year 13, the next 17 to the next 23 to 29 and following the case. These securities have been converted into financial trouble before they've created a market for them, because they are marketed directly from the issuer to the investor. It is possible to sell a 29 a title which has not been built and not knowing if there is a market for that title. Now that have proved their difficulties and that its true value is unknown, no one wants. If there is no demand, that title, sorry, that floor, can be worth zero. You can not sell because nobody wants it. The difficulty of converting them into liquid attaches little value, which generates a lot of pressure on balance sheets. In fact, the sharp depreciation in the value of products derived from subprime has forced the banks that had to insolvency, destroying their stocks of securities and forcing them to sell their liquid capital is not disrupted, causing the overall stock market decline . It's a ball.

PEATÓM. Do we crush the ball?
ENRIQUE LOPEZ. Is crushing us. Few would dispute that. The application of the method of "fair market value" increases the volatility and what we are checking. In short, it encourages the bankers to be prudent, since the early recognition of risk, derived from the application of "fair market value", it merely strengthened the pro-cyclical nature of the business of lending , Leading to economic cycles around superacelerados. That is, is an propitious misallocation of resources and conduct an investor suboptimal, where non-viable projects could obtain financing in times of economic boom in front of very promising projects that could be rejected in times of recession. The world upside down and is very serious.

And more ...

-9

# 17, Copero

November 4, 2008, at 9:49.

The number of new unemployed is 200,000. Statistically, half of Spaniards have a mortgage, that is, at least 100,000 mortgage pass to strike in October 2008 and will be eligible for the measure.
And the government estimates that will benefit 500,000 in total ... I do not add up the numbers.
I sounds like makeup for the powerful. With a rate of 100,000 per month in arrears, the financial system cracks in less than a year. The solution therefore very simple, remove those defaulters of the new system, postponing its debt for two years, yes, paying fees, management, etc., and returning with all interests. Will be delinquent, but not counted as such, the banks will not have to provisioning, and the state, guarantor for an amount of 6,000 million euros (eleconomista.es), will once again to these bankers, responsible for the solvency crisis which we live.
But let us not forget, this is a make-up. Get the shit under the carpet, not the lift not to see it. The problem is that after two years, it will have accumulated so much shit, just coming out everywhere, and if now the unemployed was ill-mortgaged, with a mortgage of € 1,000, in two years will be worse, where you apportioned to around 1,200 €, betting against an asset (floor) increasingly undervalued, but hey ... and this will be after the next election, which will be before reaching the age of four.
Every day reminds me of this government over the trileros that they put in the pot with the fairs and ball. Changing the ball from one side to bring in another (directly or take it away): If you get 400 €, because nothing happens, do not deflate the tables in the personal income tax and get 470 € on the other side. If you put off the mortgage two years since then to return it with interest and costs, make a plan that called VIVE to put so many conditions that neither Christ himself eligible for it, and it remains to be seen how many mortgaged "bite" and benefiting from this plan.
We did not want measures "suciales," because here they are.
And we like fish in the river (swallow and swallow and swallow again ...).
Sincerely yours.

+48

# 18, Wulong

November 4, 2008, at 9:49.

Today the U.S. must show if he learned anything in these 4 years and if you really want to remain the 1st world power, but only requires them to start working from humility. I think Obama can give a blow to the effect of past events that are affecting the planet's population.

Hopefully, this aura that has been created around them is not only pre.

Yes, We Can? All the world can and want but can and does the U.S. want? Yes, I hope.

To see if the Euribor was decided today to lower more strongly, by the way when announcing the lowering of interest rates the ECB?

A salute to all s

-7

# 19, qwertyu

November 4, 2008, at 9:51.

With Oil at 30 dollars is just the crisis. Let's see if we succeed Mr Obama.

For Drobló:

My bet is about 12,500 to Ibex 31/12/08

-5

# 20, hipotecaohastalamedula

November 4, 2008, at 9:53.

Telecinco today came out in a story about how 3 girls Muslim felt "discriminated against" because when they go to look for work said that her veil was a barrier. Telecinco used words such as harassment, discrimination, racism, etc ...

The most flagrant of a pizzeria that it was explained that the uniform and hat and polo ALL should take, something that the girl did not understand.

And this makes the TV news, how many presenters with Turban has Telecinco? I think that the news program forced them to go with a tie, not too eye-catching styling and good image. And they criticize an employee of a pizzeria by saying that not hire someone with a veil, forgiveness, said that if it hired, but had to remove it. To me, that I do not feel discrimination, I think equality, conditions, equal for all.

I ask those girls, what would happen if I go to their country with my wife, and she goes with miniskirt, cleavage and gives us by besarnos in a public park, surely I cut out the language, she stoning and what they ASI applaud because their religion is. Well girls, this is our country, being an immigrant does not have to deny rights, but neither has to granting privileges.

I'm sick of seeing fights at school because there are parents who want to send their girls to burka. They came here looking for progress, because that is progress (which I doubt very much that we are an example of this), not to discriminate against women is progress, give the same rights is progress. If you like, well, if not, do not try to change a country because their ideals are not yours. That already knew before, but it seems that everyone here can mourn and all are made case.

Now tachadme of racist, xenophobic, what you want, but seeing how things are, many migrants will, but we know that if we go to Thailand, not play with drugs. Here you're caught with "Mary" and you nailed 30 Euros, there you're caught with "Mary" and will be 3 years in prison. We know and we accept it if we have to go do not try and change.

Ah! Telecinco already!, why not recruited them to present the news? not enact equal? It is very easy to criticize the other and accusing someone of not doing so I would not do.

Well, pataleta Tuesday, and dispatched me comfortable ...

+334

# 21, ICG

November 4, 2008, at 9:56.

More interesting responses:

PEATÓM. What do you think the measures taken by governments to save the financial system?
ENRIQUE LOPEZ. We are at the stage of first aid, to save the child from the fire, even before the stage of putting out the fire. Saved the financial system to prevent evaporation tanks arming people and the marimorena. Because they closet.

PEATÓM. What saved the banks, then?
ENRIQUE LOPEZ. I reiterate that this is not about saving the banks. This must be clear. This would be avoided, if possible, to break so insane and people climb up the walls. With the measures are intended to ensure that its restructuring is done through mergers, takeovers or liquidations, but in an organized and sequenced. We must avoid the total collapse of the real economy.

PEATÓM. So bad are they?
ENRIQUE LOPEZ. They carry almost a year since January, without doing business. Do not lend money because they do not. Have strong commitments to meet its own debt, very difficult to renegotiate and deposits are buying at prices soaring. If you have no business, if you do not charge fees for opening and all that, I do not see how to fit an income statement. It is the abc of finance bank. There are no miracles.

PEATÓM. What about the real economy?
ENRIQUE LOPEZ. Well it has started down the slope. Without money there is no economy, and if there is no transaction value. The transactions are declining at an alarming rate. Now we can see that the great challenge is not to save the financial system. The only thing that matters is the real economy. And the financial system has to lose its pedestal and accept the rules of the real economy. Is obliged to efficiency and play with the cards face up. Is a company more. In Spain, caresses the hypothesis save the financial system and seriously wounding the real economy. That would be crazy.

Greetings!

# 22, Duke

November 4, 2008, at 10:02.

# 20, hipotecaohastalamedula

10 for you, hipotecadohastalamedula. Totally agree. What has "clavao."

+33

# 23, Andalusia

November 4, 2008, at 10:03.

It is the first time that this maño20 said things consistent, and he was put negative to me what I liked from the mice, is that I am a young man and all I remember from the time of Gonzalez is a certain Gil and Gil (not to be confused with Uncle Scrooge, but well looked possess many similarities) and one faucet. For if, for shame, lack of it and lack of scruples, what we are doing to those who have not died of hunger and what we have to echo those already died from starvation, shame if, the lack of it, Stand up gentlemen, do it (looked good, maybe Jesus Christ in his day when he said get up and walk it said in the symbolic plan, and when told that a blind man opened his eyes and saw so did in the same plan indications policies) Now open your eyes and see, Rise and platforms.

-8

# 24, Anuska

November 4, 2008, at 10:05.

Hello everyone:

Just said in a televised debate as to defer the mortgage is more a hoax ... "that serves to postpone it after two years if they are to charge a criminal interests that will not compensate anybody. Not counting that say that the banks agreed to the postponement by the injection of funds it received from the government. Ss where it comes from that injected funds? of workers. "

I do not think make any comment on that step ... it seems to me that all measures are being taken is to get more into a hole that we can not salir.ASi that it falls apart. The housing bubble is partly to blame for the crisis, but such speculation has been done also have made all those who have sold an apartment wanting to make some profit on sale. I have no care for sale or lease because the rent does everything exactly the same thing (the famous 210 euros which gave the state and landlords who fatten its share to win over). Members have no excuse not to go to the congress, corrupt governments, or the measures that help the rich be richer ... but as my grandmother said (and I am totally sure): "nobody was rich remain honest" .

A greeting.

+23

# 25, oreidubic

November 4, 2008, at 10:08.

Estadísitica is the traitor .... we're going to find with a 15% unemployment soon ... ie with 85% of people busy ..

I found em on the dole in September of'04, when we should be in full occupation ... about 6% unemployment .... ie with an occupancy of 94% .... I'm better now than before .... but it's fucking better when things go worse ... is like being fucked up but when things are going better ... the question is always fucked up ...

+14

# 26, I am poor

November 4, 2008, at 10:08.

# 14, ICG

First, we are at the stage where there is less equality in all fields, always favor some and if you're going against an unpatriotic, a nationalist, a fascist, a macho ...

What's referendum on the Basques, if they want to do it, do so because if you want to vote, (ie democracy), you should not deny it, (dictatorship) ... (that she'm from Madrid and the Basque country I've been 1 hour )

Promote employment for women, the sectors which were of women can not enter, (because they want women), the sectors that there are men but women can do it quietly, as women get HR shows that cheaper to hire women to deduct more, is say the men to make bricks and digging trenches, (because we have a body more prepared for this), not that I forgot, that's construction sector and this frozen, that is unemployment.

it is because you have mortgage and put you in the mud of the interest and never down or talk because you were cheated (99% of the mortgage) by builders and banks, to correct the mistake because everyone, but we are all guilty? in a trial if you do not have to declare guilty pay damages? Clearly, that would have to go to court and seek the culprit, is that the pitcher just fell and broke, the boy who was playing the ball not to blame, in fact give them a Lollipop to address the trauma they may have caused the fall of the vase.

a greeting

# 27, yomismo33

November 4, 2008, at 10:10.

Good morning!

"The measure announced by Zapatero for the unemployed, a moratorium at risk
The unemployed who are using the postponement of the mortgage will increase its monthly fee of 100 euros in 2011 ""

source-> ElPaís.es Ramon Munoz - Madrid - 03/11/2008

Yesterday he left our beloved president, in a plan as always, the Redeemer of the world world, the savior of the fatherland chauvinistic, alliances and other civilizadero I want and I can not.
Demagogue cum laudem and with this charisma that destroys the spirit with the forms.
The aid is to make up one rung to drowning for loosen the rope skipping and the highest since shortly, thank you.

Here we know where the real aid, another example:

"" PROGRAM FOR PROMOTION OF HOUSING EMPTY BIZIGUNE
Basque Country will give 27,000 euros for each floor who rent the empty building

The lease will be maximum of 450 € and counseling them advance payment of 5 years. Attempt to "provide liquidity to a sector that has trouble accessing credit" ""

source-> elmundo.es

Dear, or not, President of Spain.

If you want to help the public, leave to ensure payment of its debts to the bank, which is what he has done, and:

So-urgent, get a royal decree law, which set a benchmark for the prosecution of banking in mortgages, which is for example the (Official price of money) + (0.35 interbank Spanish) + (cap Differential 0.60). Enough of this roll of distrust from the consumer.

-Spend all such monies to help the financial sector, in all the quick fix that can be found in our hospitals, schools, roads and highways, airports and ports, tried etc .. And to this end is to hire all these people on a daily swell the numbers of unemployed. Do not waste money on such cesspools in the financial sector, which shamelessly exploits the revolutum toto.
This will cause unemployment does not increase, promote consumption, and also the public will see the money in the form of better services.

-Avoid bites and waste generated by politicians of the 17 Spanish autonomous communities and the central government. Less chochecitos luxury to move, fewer advisers point hook and less useless meetings.

-Promote the development of clean energy and fully implemented.

-Do not let us machaquen with high taxes (indirect included).

And above all, not to dwell more:

Surround yourself with people valid to explain things as they are, no balls and toady with eagerness to climb. Well-qualified people that are in this country, whether or not his party, think of the people and not on his charisma.

Anyway, I do not want too much wind.

Greetings.

+85

# 28, Kela

November 4, 2008, at 10:14.

Here an ignorant of life that will give your humble opinion based on all around him.
I what I think, regardless of whether there are sectors that are going wrong, frankly, is that a bunch of ready have been uploaded to train the crisis and have seized the occasion to lay off a bunch of people without rhyme ... nor are sheltered by the "just in case you are wrong because ..." And I have the good close example. In my company, which has been hit or hint blessed the crisis, but quite the contrary, stuck to the bad times that are going to come and where we are not to climb the salary despite the fact that the directors of that company did so by 50%. So, I do not think anything! (I do not generalize that incapie but if it includes a wide majority of firms)

+27

# 29, JAC

November 4, 2008, at 10:15.

# 20, hipotecaohastalamedula
Duke gives you a 10, I give myself a 20.

Besides:
Is this a story for a news program?

Peralta Go!

+23

# 30, aNNNNNNAAAA

November 4, 2008, at 10:18.

in my company if they are firing people without even lost, but now it seems only to miss the ones who make the silly cojiendo casualties every two of three, which I feel good, that there is much too vague sucking the boat

+21

# 31, Murdok

November 4, 2008, at 10:18.

# 8, Fran Diaz

With forgiveness is the biggest stupidity I've heard these days, and that she is my mortgage and I'm hoping it will disappear, but do pq bobby who had head and was not at got a mortgage will be without top floor and you will pay juanito his apartment and his car "that tb what got into the mortgage?", it is necessary to place of all, each chose their path, (I mortgage) and has to follow him until the end, another thing is that the government help in what may seem right to me.

+18

# 32, rcalber

November 4, 2008, at 10:20.

If banks can put in arrears for 50% of mortgages to the unemployed, it's because you have gotten after the injection of money they have paid themselves unemployed and who are going to continue to pay. The money always comes from a great site and we are selling a salvation to the middle classes, which in reality has been for banks

+10

# 33, brian

November 4, 2008, at 10:20.

good morning, to see if this is right now

http://www.grupocimd.com/cotizaciones/interbancario_inter.asp

04/11/08 10:12 1 m. 3 m. 12 m.

EURO 4.18 4.66 4.74

# 34, jox

November 4, 2008, at 10:21.

# 30, aNNNNNNAAAA

That is where you should apply between officials, which is the most abundant group where absenteeism and vague.

But of course, we pay them all and we can not miss the street hooker or not doing their job ... Manda Gueben!

# 35, All batons

November 4, 2008, at 10:21.

Euribor 4.811

-3

# 36, JAC

November 4, 2008, at 10:21.

This is a forum for economics; I do not know if it will fit my question, but I raised yesterday and I would like your opinion.

What if you haríais "fall" 600,000 euros in his hand (more blacks than coal)?
It is not an invention of mine, the question was real and the amount too.

Thank you all for your contribution to my question.

# 37, Z_Type

November 4, 2008, at 10:23.

# 12 Minotaur:
"Promoting the rent, how? Well, give it a good stick to everyone who has an apartment empty, as happens in many other places. "

Perhaps many of the people who have an empty apartment is for fear that the tenant ceases to pay and can not do anything to evict. Or, above, you'll shred the floor.

Perhaps the club should be able to give it to people who do it all: "Do not pay? In two months the street, "" Have you wrecked an apartment and do not pay? In two months the street and pay reparations. " And agility in the system, not to wait 1, 2 or 3 years as happens now.

Maybe, just maybe, many people who have the apartment empty and not rented, this gives you some confidence and decided to put it in rent.

Greetings

PS: There are various agencies to do that. Here is the Valencian Agency for rent and state offices ( "At last alkyl" or something). The problem is the usual: Bureaucracy and extreme slowness. Anyone who seeks to rent something, it tends to run because he looks somewhat hastily. It is inadmissible to be more than a month of paperwork and "travel" to the office.

+20

# 38, ECB

November 4, 2008, at 10:23.

# 9, Mikel
Mikel.
THAT DAY MONTH AND ACCURATE firm and that DIFFERENTIAL TE APPLY?
SEE WHAT YOU WITH FAST CODE

# 39, Murdok

November 4, 2008, at 10:24.

I hope it is true that I review in November and a serious lowering pm for a single day.

# 40, Anonymous

November 4, 2008, at 10:24.

# 36, JAC
Though it may seem aceptería not lie either in jest.

-4

# 41, Copero

November 4, 2008, at 10:26.

# 36, JAC

Then put them in a safe deposit box in Switzerland, or an account of those armor of the Cayman, and fugarme to Chile.

# 42, jox

November 4, 2008, at 10:27.

# 36, JAC

Place them under the mattress of my mother-in-law and immediately call the cops.

+40

# 43,'m poor

November 4, 2008, at 10:29.

# 36, JAC

Bleaching, there is a certain Julian Munoz who lives in Marbella qeu that knows a little while

+16

# 44, Dinky

November 4, 2008, at 10:32.

# 16 to ICG,

I have to give you the reason why me and not be hired, but because such arbitrary measures do not do more to divide the people.

I do not feel bad that you have stopped to help a mortgage but I think the best way to help an unemployed person is allowing you to find work.

What the deferral of 50% of the share seems to me that you have two very serious hit.

1) Why limit this arbitraro 170,000 euros? And pobrecillo who has a mortgage of 171,000 euros exclude it? This type of aid "all or nothing" are a bit like a lottery that you touch, really, does not seem serious. Would not have made more sense as a progressive amount "is discounted to the whole world 40% quota with a ceiling of 500 euros"

2) Basically, if you are not creating jobs, the measure is bread for today and hunger for manyana. Which today can not pay the 50% share hardly be able to pay 100% within two Anyos.

I believe that the measure has a hidden purpose, or not so hidden, that is to avoid a sharp rise in the number of defaults that could hurt the banks ... with this measure people are going to try to "hold" or throwing hand ahorrillos aid family or whatever, but do not find work within a couple of Anyos going to be the same.

+13

# 45, Anonymous

November 4, 2008, at 10:32.

# 36 JAC

Give it to me and to me that I see what I do with them.

# 46, Carlos Lopez

November 4, 2008, at 10:34.

# 36, JAC
If you do not really need them (not starving), I would pose no serious cogerlos. Sure there are any alternatives to make it less, but blank.

# 47, Good Night and Good Luck!

November 4, 2008, at 10:36.

On this day of data as bad, I am perplexed to see the ibex +2.50 not understand it, more unemployment and more unemployment, and the ibex climbing!

Well just hope now that Obama wins the U.S. elections, and that the cycle will change soon

Euribor today

4816

# 48, Duke

November 4, 2008, at 10:37.

Store them in the mattress, and there is pulling for purchases of whatever ...

# 49, Minotaur

November 4, 2008, at 10:38.

# 37 Z_Type

I agree with you, that you have to make laws that protect both the tenant and the landlord. The laws that encourage the hiring should also try that. It is clear that there are owners like "loan sharks", there are also tenants who are not people.

The most practical way is that the state would be a possible intermediary, optional. The idea would be for rent through it would be very cheap with little gain for the owner, but that this would ensure total security, because the state has the ability to seize the accounts that do not shred or pay a flat. That is, to act accordingly.

# 50, Rogier

November 4, 2008, at 10:40.

Good morning everyone,

In the end, I encourage you to write after several months of monitoring, and to express once the prognosis of the Euribor: the baton.

At this time, ZP has made some maneuvers to calm the financial market with apparent success, although the bank did not take literally that you must open the tap to the consumer and liquidity as well give this defendant.

It makes me see that at the country level too, and all of us grow thanks to the excessive indebtedness. Consumer loans, credit preconcedidos through credit cards that give you without a prior study, mortgages granted cheerfully, and so on.

Now countermeasures is lending money to banks with our money through taxes, people who upload the tax IBI as their urban growth forecasts have been exhausted, and that has impacted me more: the share of mortgage decucir personal income tax.

The latter is as it should have done from the beginning, since even without deducting mortgage, many are implying that money back over the past year they have been detained over the account.
What system is this? What state you remove money to dartelo within 1 year without further explanation.

With existing taxes, withholding taxes, the just and necessary.
And our people are responsible for raising indirect taxes, raising railway fares without any connection above CPI rise of water, gas and light above CPI, and commodities through the roof.
Then Solbes will remind us that a coffee if they pay 1 Euro (to tell me where, because I can not think of coffee as cheaply) we are paying 166 pesetas, and not 100 as earlier.

If there are European taxes, salaries Europeans!

or buy bread

apalancamientocrecemos or provokes the question d

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