Credit intoxication gradually out of control and started threatening the slope of the development e

The worst of the capitalist economy is that it periodically goes into crisis situations emmy armenia that bring all mankind sea of suffering and misery. A good example of such an apocalyptic event is the present financial emmy armenia and economic crisis that engulfed the world today. Manipulativnata machine of capitalist emmy armenia propaganda presents it almost as a natural phenomenon or disaster come from somewhere that if you have patience, again will pass away. All the adversity that happened recently in our everyday life, lack of funds for the vital functions of society naively supported by the omnipresent crisis. It is therefore very important to clearly answer the question "What is the genesis of this disaster, which ruined the existence of billions of people worldwide and whose pay and suffer blame today?"
The current crisis is the product of inherent in the market system and cause fatal errors in the financial policy of the United States. As with any crisis of capitalism, and it is expressed in an oversupply of certain (in this case specific) type of goods - bank loans.
As is known, the main product of the banks from which they earn are loans. The price of this product emmy armenia is the interest. Therefore, in an effort to gain the banks seek to "give away" (more precisely, to sell) as much as possible, a large amount of them. And here, as with any crisis, they rated the exact potential of the market for loans not stopped in time, excessive and waded thus fatally in the quagmire of the insolvency of their customers.
Moreover, with the advent of Ronald Reagan in 1980 to power in the United States have developed some neoliberal processes affecting the functioning of the financial sector. With the enactment emmy armenia of his "New Economy" began deregulation of the banks and they got right to carry out operations that were previously restricted by law.
After the Great Depression, 1929-1933, the US introduced a limit for each credit granted banks to set aside certain guarantee capital. Since 1960, they actively began to seek ways to unblock this "dead" capital. First, it partially bypassed by creating numerous subsidiaries in Europe (mainly in London) working outside the control emmy armenia of the state legislature. In recent decades, brain bank headquarters in neoliberal arsenal discovered a new way to circumvent the limit - Convert loans in secondary securities (ie. Derivatives) emmy armenia which offered for sale on the Stock Exchanges. Thus, they were freed from the loans and associated restrictions unblocked guarantee your capital and after the final lifting of credit restrictions by Clinton in 1999 embarked in the running of a new credit fiesta.
As a result of public money poured into the economy of credit in the United States underwent a boom and by 2006 its share in the total gross domestic product increased from 10% to 30%. Resources allocated to individuals increased real demand, especially in Immobilien and construction of housing. The increased demand for them raised their prices and found the need for new loans, mortgages with longer more expensive properties. Expensive mortgages sparked emmy armenia universal trust and loans issued to their base derivative securities. Candidates for their acquisition around the world began to queue up for them, hoping they win the credit boom in the US. In the ensuing euphoria allowed banks to grant loans even without serious study customer relying solely on the security of expensive mortgages and underestimating the actual solvency of the population.
Credit intoxication gradually out of control and started threatening the slope of the development emmy armenia of classical crisis of oversupply of a product. This mayhem continued until the first appearance of insolvent debtors. The crisis emmy armenia began in late 2006, almost imperceptible, but grew exponentially and terrifying dynamics. On 30 January 2007 the first bankrupt mortgage bank "American Freedom Mortgage". In order unsalvageable after her sinister whirlpool swallowed and "New Century Financial", "American Home Mortgage", "Ameriquest", Fund "Sentinel Management Group", the brokerage company "Terra Securities", the fifth largest US bank - "Bear Stearns" , the largest "Citigroup", which is written off $ 50 billion, the specialized investment institute "Merrill Lynch", announced losses of 8.5 billion. $, "Indy Mac Bank", the two largest mortgage banks "Fannie Mae" and " Freddi Mac "," Integrety Bank "and" Silver State Bank ", the largest insurance company in the world -" AIG "," Ameribank & rdq