Resumo

Today the indebtedment level is raised and the responsibility of this situation doesn’t fall back on International Monetary Fund or the banks. The indebtedment has origin in the functioning of accumulation regimes and in the economic policy followed inthe7O’s. The modification of world economic situation, the crossing of a indebtedment international economy with liquidity to a economy without liquidity are contributed so much to the debt become autonomous in relation to the productive system. The dolarização of economies and liabilities of public enterprises, the fall of real wages, the in-creasing impoverishment of new stratums of population, the aggravation of alimentary misery in the cities, constitute the consequences of this indebtedment.