The mechanisms of this international capitalist recession, the latest of which, to date, some would like to see as the first crisis of world capitalism, are well known: contraction in production and trade; deflationary trends; massive growth in the volume of loans accumulated
by international
banks on countries or on the
major industrial and
banking groups, loans which become transformed into irrecoverable debts; brutal capital
withdrawals from countries
by the
major financial operators, which live from the revenue from parasitical investments in bonds, shares and other derivatives.