2008 CRISIS… A PRELUDE FOR CHAOS?

Will the recent crisis of 2008 be a prelude to the chaos for humanity? Did Late Measures Just Go To Mask The Massive Problem to Come… The Current World GDP (Gross Domestic Product) Fluctuates Nearly $ 80 Trillion but the FINANCIAL CIRANDA nowadays oscillates more than 1.6 billion dollars (Twenty times the world GDP) we can see that the fallacy of financial markets self-regulation again will have a LARGER PRICE IN THIS CONTEXT ...

⦁ excessive liquidity;

⦁ excessive leverage of institutions;

⦁ use of complex financial instruments;

⦁ negligence in loan risk assessments

THE “MANTRA” OF FINANCIAL FAILURE

“Prices of financial and real assets would be too complex for a monetary authority to judge when there would be BUBBLES. “Irrational exuberances would be punished by the market itself, with no major effect on the“ REAL SIDE ”of the ECONOMY.

The real side of the economy has placed the “GEMS” of neoliberalism in its fallacy of ECONOMIC FREEDOM and MARKET SELF-REGULATION… but the reality is quite the opposite as we will EXPOSE… first the context of labor unemployment in the chart below…

Own elaboration according to Ipeadata

The perception is clear that DEVELOPED COUNTRIES such as the US, Germany and Japan have affected their national employment markets to varying degrees ...

1. The German case peaked by more than 250% from June 2009 to January 2007.
2. In the Japanese context it was more brutal with a fall of over 700% compared to the period from March 2009 to January 2007.
3. in US view it was among the three countries that had the least impact with a further 110% drop compared to September 2009 with January 2007, but had a spike in June 2010.

The late anti-cyclical measures made in the crisis have softened impacts of greater magnitude. The above graph shows both Germany and Japan had more burdens and the US-only figure has been above FOUR BILLION in several financial incursions since August 2007 and The United Kingdom made up over two trillion pounds sterling in the same period as the USA

In the aspect of industrial production and in the study of the same countries USA, Germany and Japan the reactions are according to the magnitude and similarity of one of these economies either in the scope of the production scales as in the local cultural context of each economy that influences the context. microeconomic, let's get to the facts ...

1. The German economy out of the three was had a medium-sized impact as its economy began to slow at an initially not abrupt pace but in early 2009 the process was of a worrying pace ... aiming for a FALL PICTURE in March 2009 of 20 90%
2. The unique aspect of the Japanese economy has brought the Japanese government's inertia into action due to the economic crisis of the 1990s and the impact of the 2008 crisis HAVING GREATEST MAGNITUDE ... aiming for a FALL PICTURE in March 2009 of 34.8%.
3. The US, as it is the generator of the crisis and trying to mitigate its local impacts, has made use of various actions both in the mainly financial and administrative aspect of STOPPING its systemic extensions that were partly remedied ... aiming for a FALL PICTURE in June 2009 of 13.90.

I will insert the next graph to highlight the fallacy of NEOLIBERALISM that seeks "economic freedom" as an alibi of acting with impunity in the binge of financial speculation that unfortunately continues ...

Own elaboration according to Ipeadata

The chronological similarity between these three major developed economies is no mere coincidence as their economic and political intertwining has its side effects in the midst of a crisis. SYSTEMIC CONTAMINATION will only depend on its magnitude and its impact on the real economy. but the WORST WORST is how much it affects both the real and financial economy ... but in the case of 2008 with the late monthly actions the financial side was "oxygenated" and affected the real side of the economy with "a lower voracity" As you can see from the chart above, the economies have started to recover in a short time.

Internet Charge of the 2008 Crisis