The word crisis is a word we hear tells us that the worst is yet to happen or already happened. If we speak of the global financial crisis is occurring at the present time the situation is worrying because it is a crisis at large scales, and which seems to leave it very difficult. The global financial crisis that is before us today, is taking place since long ago, but has become more noticeable since September 2008, when they start to happen a series of unprecedented events that are reorienting the Global Financial system. The current global financial crisis has several aspects. Firstly, there is a strong American economic crisis of productivity and competitiveness in Asian markets. The second aspect would be the obvious speculative economy in which the relationship of the international money supply, not commensurate with the actual production of goods, and thirdly the strong energy crisis due to high energy consumption levels are not commensurate with the existing reserve levels.

Another aspect that has fueled the global financial crisis is related to food, and which are known to one third of the planet has severe feeding problems, and this is a crisis that further increases daily. The global economic crisis started with the US housing recession. With the collapse of Lehman Brothers, the crisis reached other dimensions, as it also revealed the collapse of U.S. housing sector. This sector was the biggest growth, this because the financial institutions gave large sums of money to purchase homes, and brought with it that people began to buy homes, causing an increase in demand for these, this led to Homes are trading at high prices in many instances came to the speculation. People borrow to buy your home, then expect the price for the same rise and sold, which obtained the money to pay the debt owed to the bank and demanded a new loan to buy another home, this phenomenon called “housing bubble”. This lasted a short time and interest rates began to climb to try to lower the high levels of inflation, obtaining credit was no longer so easy, and housing demand fell and prices of these. These will be negatively impacted by the global financial crisis. Now it happened that financial institutions could not collect their mortgages and that it was increasingly difficult to get their own loans and to developers and construction companies. As an example of how difficult the situation in the second quarter of 2007, Citigroup one of the largest U.S. bank, lost U.S. $ 9,800 million committed securities because of the mortgages, whose interests were extremely high.

This global financial crisis now takes hold, there is no turning back, as they say was advised war that for sure does not know the last time, but it shows how vulnerable the markets may be but are addressed adequately and timely their needs.

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