Brushing Tongue Gags Cough Blood

financial speculation ... ... what is the role of the Central Bank?

The Central Bank of Argentina could play a key role in economic policy that has so far avoided, in part because as a result of the amendments to its charter favored by Menem and Cavallo in the 90's has gendarme reduced to mere monetary issue and
part because it has been colonized by financial interests that refuse to finance production.

is not the main subject of this review, but not shy away from giving our opinion: we think that stocks are not the Central Bank but all Argentines and should be used for collective benefit and not vegetate the hope that through a new process of capital flight or a coup d'market them to appropriate financial speculators, as happened historically.

Behind the proclaimed "independence" of the institution are hidden speculative interests that are fighting to maintain the status quo.

Hours before the Joint Economic Committee of Congress issued its behavior analyzed the opinion recommending dismissal, the former chairman of the Central Bank introduced a belated resignation finally rejected, as it had begun the process for removal, and did so by deploying a step-shaped comedy news conference that he did not waste.

It was proclaimed author of all the economic developments of the period 2004/10, defender of the reserves, the salary of the Argentine and savior of the republican institutions.

He even had the luxury of declaring "maverick consistent" economic, in referring to the impact of monetary policy in controlling inflation, but when he mentioned the measures that would put cap on price increases, they were all orthodox character.

spoke of public expenditure control, collection (which is a neutral term) of incomes policy (he meant the joint top?), A moderate monetary issue and generating more supply in the economy through "market opening", all without blushing.

As another note of this edition discusses the role of media in democracy, it does not hurt to ask why none of the many independent journalists attending the press conference, cross-examination about such measures as the "opening markets, "which proposed the" maverick consistent "Redrado, who seems to have forgotten that opening the economy operated in Argentina for decades, destroyed the domestic industry, the level of employment, wages and sprayed the crisis erupted in 2001.

Then, incredibly went on to emphatically deny that the interest rate, ie the cost of money, have a bearing on the price increase on the economy operated.

believe that it is not worth to continue reviewing the "virtues" techniques and Republican former chairman of the BCRA, however it is important to analyze the role of the Central Bank, and require the institution to regain its role of authority in financial matters, such as Redrado and eluded to his predecessors, who did not implement effective mechanisms to stop capital flight, which only in the 2008/09 biennium is estimated at 40,000 million dollars (which they eroding the level of reserves and prevented that may accumulate in greater quantities), or to provide production credit at reasonable rates (which does prevent increasing the supply of goods in the economy and therefore generates higher inflation).

are aware that inflation is a phenomenon whose origins recognizes one cause, but one of them is precisely the cost of money that banks increased at will without the Central Bank has done nothing to prevent it, rather the opposite .

These issues are of crucial importance, because to protect and increase the level of employment is necessary to rebuild a financial system that promotes productive activities, not speculative to sustain the purchasing power of wages is essential to protect against inflation by increasing the supply of goods, not by "market opening", which lead to known forever, but by production growth, which can not be done at the appropriate level without credit expansion necessary medium and long term.

At a time in Argentina and the world is debate about the role of the financial system, it is worth recalling as we expressed in March 2009 on "Reflections on the global financial crisis" that the Banking Association, has long promotes the reform of the Financial Institutions Act inherited from the dictatorship, and democratic institutions must act to assure the nation that the public service provided by banks to develop in harmony with the interests of society as a whole.

The Central Bank can not remain a mere spectator isolated from the collective fate or worse, act covered up the greed of speculators ever.

The bank will resume in March the joint negotiation, as we have said many times, represents a fundamental tool for the defense of our interests, but the orientation to take public policy will also impact decisively on the lot of them.

The appointment of new officers in front of the BCRA, as expressed by the Bank, it is promising and consistent with the objectives of promoting production and employment as defined by the national government.

Congress of the nation must ensure the tools for the Central Bank and the financial system are at the service of these important goals.

Instant Gravy Water Broth

deceptive means (by the media)

the night of October 30, 1938, hundreds of thousands of Americans were terrorized by a radio broadcast of the CBS described the invasion of Martians. Its architect was Orson Welles, who staged The War of the worlds, the fantasy novel by Herbert Wells. The facts were reported as news, recounting the fall of meteorites later corresponded to the Martian ship containers defeat U.S. forces using a "heat ray" and poisonous gases. The introduction of the program explained that it was a dramatization of HG Wells's work. In minute 40 second message about the clarification appeared, followed by the third-person narration by Orson Welles, fifteen minutes after the general alarm the country, who came to think I was being invaded. Then described the episode as follows: "Long before the end of the program throughout the U.S., there were people praying, crying, fleeing frantically to not be killed by hand the Martians. Some ran for loved ones. Others phoned to say goodbye or alert friends ran to tell their neighbors, they sought information in the newsrooms of newspapers and radio stations, or to warn the ambulances and police patrol. At least six million people heard the broadcast and at least one million of them are scared or worried. " Listeners who tuned into the issue and did not hear the introduction thought it was a real news broadcast, which caused panic in the streets of New York (which presumably would have produced the reports.) The police station newsrooms were blocked by panicked calls from listeners and desperate trying to protect against gas attacks fictional Martians. The next day came the responsibilities and protests demanding an explanation, so that Orson Welles himself apologized for the Halloween joke, considered a joke by listeners. Mass hysteria demonstrated the power of influence of the media mass, and this curious episode also catapulted to the top of Welles's career.
Over time, the so called media has come to occupy a very important place in each of the world's societies and their systems politicians, more specifically, during the twentieth century with the emergence of globalization. We say misnamed because, in theory, communication there must be interaction between sender and receiver of the message, practically non-existent on television, radio, newspapers, etc. Of the Gutenberg printing press in times of Internet XXI century, the media have emerged as the most effective instrument to impose ideas. According
learn from history, we see that whoever manages the wealth of information and ideas of a society determines the course of it, and it is well known that the media are the companies who handle, process, manipulate, describe, point out, ignored and / or verify information about the events that happen (or not) in reality, so obvious influence on individuals, form their opinion on this or indeed, their preferences, consumption and lifestyles. By accessing information to which the mass media, people are forged an idea about the universe around them and the society they belong. The media, through vast resources, shape the perception people have of the social, political and economic situation in which they are embedded.
are many voices telling us today that the mainstream media have abandoned the position of the "fourth power" to become quite simply "the first power", which is not only power but is one that directly affects the determination of the other three.
It is clear that the actions of this power when it is exercised on the basis of corporate interest, devoid of ethical considerations inherent in the task of informing the public, determines a negative, not a government or its opponents, but themselves democratic institutions. The clumping of the major television networks, newspapers, radio and the Internet in a handful of corporations whether national or international, significantly accentuated the trend, being the owners of those corporations the virtual media "owners" of reality.
known in Argentina celebrated episodes of manipulation of information, it is evident falsehood of it no more and no less than reality. The famous "we're winning" proclaiming the magazines at the time of the Falklands War reveals how newspapers and magazines, functional power shift, distort reality if some power interests so require. Falsehood that quickly found their short legs lie with the sad outcome for our nation in the Falklands. Although, through a comprehensive comparison of the "truths" held daily by the various newspapers, we see that these truths are few, and sometimes different, we would not be far from perceiving certain political sectarianism in each of them.
us accept that total objectivity is impossible, as human beings we are subject to our values, systems of ideas, beliefs, etc. But it is not unreasonable to demand more fairness to the sector that day by day, minute by minute, conveys the reality from the scene to our radio, TV, PC, through its filters and interests, of course.