It is a warning time blind submission to Western models

The years 1980-1990 imposed the concept of a financial world in the process of unification. The crucible of this unit was undoubtedly financial markets, and specifically the awards. The publicly traded share price became the new universal esperanto. These times of globalization happy, confident, unifying are finished. They are finished because corporations are less and less attracted to the rating. Because the reign of private funds and off-market negotiations came. Because multilateralism is weary exceed the new logic of power. And because that the unilateral conduct of the United States give rise to the draft of a response, a financial world which will not be subject to the whims of the United States and their allies.

The recent popularity of funds so-called "Islamic", that is managed in accordance with Islamic law, Sharia, raises the covetous of the majority of the large collective management. One after the other, the large houses in London and Paris have created their specialized Department and is are assured of the moral guarantee of an authority able to reassure investors on the compliance of their management and their allocation of assets to a law which prohibits such lending at interest. The challenge is to size: oil rent would have on the part of the derived financial heritage of the World Muslim and invested in international financial securities exceed 1,000 billion, equivalent to the total funds invested in life insurance in France.

It is possible that this renewed annuity gives Islamist States some of the means to realize the project of another financial planet in developing and building systems market, interconnected, for the exchanges in real time, providing clearing, settlement and delivery operations, brief, filling all the major markets organized, but out of reach of the American Big Brotherits regulatory madness and disillusioned widespread compliance. The political will was posted late 2005, in a Conference in Kuala Lumpur, bringing together representatives of 46 States of near and Middle East, Asia and Africa, in which the resolution was posted to build an alternative to the Western financial system. It is a warning: time blind submission to Western models. Like any institution, financial markets serve the powers, the powers and interests.

The time where retaliatory measures, isolation, seizure of assets, decided unilaterally by the United States, and applied to all, could take place without challenges, ends. This is the list goes from these States placed on red list, with a US Federal Agency blocks any Exchange. It is that litigation will develop with these subsidiaries of American banks in French, German or Italian law, applying to their local clients the U.S. regulations and claiming the privilege of extra-territoriality of decisions taken by their US headquarters. Working with an NGO recognized in Europe, or simply allow a customer to transfer funds, as was the case of Crédit Lyonnais, can drag a European Bank in the US courts, that the Government of the United States has decided to classify this Organization among terrorist organizations!

European companies working with Cuba, the Iran, the Venezuela or the State of Palestine have some reasons to worry a unilateralism that hides more his brutality to his allies. The Swift case revealed last summer that the United States themselves bound by commitments and respect no private contract therefore their safety or that asserted interests are at stake. Directly targeted are Muslim-majority States, which need not be included on the list of public enemies to feel in a position to target.

Dubai to Abu Dhabi and Beirut in Kuala Lumpur, nor the capital available, or technical skills, systems and tools are default for what may well be a real global revolution and mark the reversal of the trend to unification and commoditization observed for 20 years the rise of a trend towards separationsegregation differentiation, the recognition of the diversity of peoples, with its necessary effects on their systems and their laws.

Another world is at the heart of what has given its features the first globalization: financial market. The madness of compliance called the time of the new barbarians, the time of the superpower called the skirmishes of the Mavericks, the collapse of the West in fighting himself wakes up the forces of the other worlds. Financial markets have been our dream of universality, the contemporary form of salvation. They are close to become what they are, the institutional form of economic and social forces report, version domesticated confrontation of powers and interests which has never ceased to shape the world tomorrow as yesterday. Financial markets were to be the field of clashes which measurably more never of the relationship between buyers and sellers. They are becoming one of the means used the war to prepare differently and engage otherwise.