The Federal Reserve (Fed) of the United States has continued to raise its reference rate. In June 2015 it was parked at 0.25%. By March 3, 2018, it was at 1.75%, rising to 2% in June 2018, thereby reaching 2004 levels. This monetary strategy is already a confrontation not only with Europe, which has kept its rate at zero, but also with the whole world. This strategy in the current context of conflict in the geostrategic and economic arena, could deteriorate the living standards of the population of the whole world, especially of the weakest countries. However, given the rise in reference rates, the conditions of growth and stability have not been created in the world of the real economy. This monetary policy, which is apparently on trial, driven by the government of D. Trump and continued by the new president of the Fed, J. Powell, does not create conditions to boost production, alleviate low wages, create decent jobs, or to attack the strong economic concentration at all levels. Much less will it raise investment levels or limit the financial sector.

Rather it would seem that this strategy would once again privilege who has benefited before the Great Recession and especially after: the financial sector. In this perspective, the present number 30 of www.olafinanciera.unam.mx , offers a series of critical analysis regarding the dominant finance sector and the policy promoted and imposed in various areas: academic, governmental, and institutional, at a national and international level. Alain Parguez expands and deepens his collaboration started in the previous issue of www.olafinanciera.unam.mx by revealing that the monetary policies implemented demonstrate the intimate relationship between austerity policies and the decomposition of the system as a whole. To broaden the analysis of the implications that the domain of the financial sector is taking, Wesley Marshall addresses the issue of deflation and its relation to the presence of cryptocurrencies, highlighting the destructive effect of austerity and those who it serves.

On the other hand, we analyze the specific effects that the financial sector has been producing in specific countries and branches of production, such as those in China, Argentina and the automotive sector in Mexico.

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