Saturday, January 1, 2011

18th Invitation Wording

WHERE 'OUR ROOSEVELT? - Publio Fiori

E 'urgent a "new deal" for Italy based on constitutional values \u200b\u200bof political Catholicism.


rid the bankers responsible for the crisis.
of Publio Fiori



continues in the political scene replicas of a representation made only of personal clashes, power struggles, breakdown of parties and coalitions to individual interests and group. Characterized by the absolute absence of proposals, projects and information on possible solutions to the serious issues at stake. And, especially without the knowledge of the real reasons that underlie the crisis.

We heard on TV so-called leaders of the majority and the opposition: none, I say no one has talked seriously of the real problems and socio-economic situation, and only propaganda, promises, ideological prejudice and even a word on the necessary choices and the major risks facing the future of Europe, the euro and Italy. Not a word about those members of the banking and financial system that are the real culprits for having privileged than speculative investments in favor of the real economy.

The ECB (European Central Bank) and the Fed (Federal Reserve) will continue to issue money to save banks and swept away from the madness of financial derivatives, diverting money intended for productive credit to financial speculation.

There is a strong push from the world of finance to "convince" the ECB to achieve a cash offer of 2,000 billion euro and European governments to cut public spending and that the "state Social.

It 's the path for inflation (in the amount of cash in circulation), deflation (the fall in incomes and consumption), the contraction in public and private investment, the recession, the economy in finance and real triumph of financial speculation with "toxic assets" (derived) continue undeterred in their destructive march.

But by the parties and, more generally, the policy proposals do not come, and what is worse, even the uncomfortable truth that should guide our public and private behavior.

The first truth, for example, is that banks, saved with public money (ie the public) of their choices speculative continue to operate against the public without having been brought against them a necessary "financial cleansing".

The second truth is that the debt of some European countries was held by other European countries in early 2010 of 236 billion dollars for Greece, 867 billion to Ireland, 286 for Portugal, 1100 for Spain and 1,400 in Italy. Because German banks, French and English are the most exposed having acquired most of these debts, a possible devaluation of its bonds would lead to an "effect contagion "in the European banking system (see the note by A. Spannaus 22.12.2010).

None (or majority or opposition) talk about this risk: they keep saying, albeit with different nuances, that the system has held up and that we will soon be out of the crisis. But it is false. Italy, as a small example, for 2011 licenses will expire in about 350 billion euro. What will happen if the increase in interest rates should continue? It is sufficient quell'1% recorded in December to a charge of the state budget and the budget deficit to about 3.5 billion (see the notes of M. Lettieri and P. Raimondi).

Another truth is that the Federal Reserve announced that the U.S. Congress by mid-2008 have been used about 15 trillion dollars in bailouts of banks, financial and investment funds.

Then there is the risk of "financial bubble" from Brazil due to an excess of "consumer credit" that could involve a bank or more European banks (see also note A. Spannaus).

Nobody tells us what the Government has in mind to bring our public debt within the limits imposed by EU, keeping in mind that the public debt of the EU has surpassed the 9000 billion euro.

Because one of two things: either we continue to provide liquidity and to expend public funds to rescue banks and financial institutions forcing states to squeeze government spending, the standard of living and social status, or change radically subjecting banks that caused this crisis to an "administration", reviving the real economy with a policy of large investments in infrastructure, research and innovation.

basically it is only to apply our Constitution where you, Art. 43, "reserve or transfer, by means of expropriation, the State, public bodies or community workers and members of businesses that relate to essential public services ...."

The "credit function" is certainly an "essential public service", so when those responsible for this task should not be doing your duty duty "commissioner" to give citizens the opportunity to take advantage of that function. It 'possible that the policy will continue with this "sale" of popular sovereignty?

Already I seem to hear the protests: "But how, a liberal state that nationalizes the credit ..." I reply with two points. First of all, when under the guise of liberalism creates inequality on fundamental rights, economic and social crisis, rising unemployment, poverty and marginalization are in the presence of a "false" formal liberalism that the word "freedom" hides a project that want to hit the dignity of the person in favor of a financial oligarchy.

Secondly, I understand how it can be called "liberal" with a state funding money from citizens, political parties, newspapers and banks rather than families, unemployed youth and casual workers, public services and social investment. We must urgently decide whether to side with sound economic or financial powers.

course, to go down this road it takes awareness of reality, freedom of conscience, a heritage of values \u200b\u200band courage of strong choices. And in what Catholics must make their voices heard because those values \u200b\u200blike equality, freedom, defense of human dignity and the family to protection of labor, youth, old age, health, environment, salary pension and savings are written into our Constitution and, before that, in the tradition of political Catholicism.

It takes a bold political initiative based on a clear vision on key anthropological and natural rights to a different "lifestyle" and a "new development model." But to do that we want leaderships that, based on a shared ethics, on a recognized moral values \u200b\u200band inspired programs, are credible alternative options to launch consistent with the principles of reference.

Something to remember the courageous decisions of the President U.S. Roosevelt in 1933.

But where is "our" Roosevelt?

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