I-Spanish urhulumente zilawulwe yi-Duke ka-Lerma waba banyanzeleka ukuba ndivakalise a moratorium kwi yayo amatyala ngonovemba thSpain kokuba aphesheya view-size quantities ye ubutyebi ukususela igolide nesilivere iimayinegenericname of Mexico kwaye Peru kwi-oweshumi elinesithandathu century kanti ke royal urhulumente inikwe bonke kakhulu imibuzo okanye ekuthatheni bankruptcy. Massive izixa-mali zachithwa kwi crusading ngokuchasene kunye Islam kwaye Protestantism, Enetherlands iindleko ngakumbi ukulungiselela kunokuba babe wamngenisa. Xa Fil III waba Ngukumkani ka-Spain kwaye Niger kwi, isispanish commentators baba complaining ukuba endaweni yokuba osetyenziselwa stimulate ishishini kwaye ushishino, ubutyebi ukusuka Baseamerika wabadala i-attitude ukuba igcine productive umsebenzi contempt, ngexesha foreigners - Genoese, isidutch, Germans - wabaleka Spain ke, urhwebo kunye iimali kwelabo inzuzo. I-commentators bafuna ukubona royal inkcitho lotshintsho ukuphumela, irhafu indlela reformed ubungqina ngakumbi heavily kwi otyebileyo, ukukhula Yebandla ikhangelwe kwaye ukuphuhlisa ishishini kwaye lezothutho. Unjingalwazi Earl J. Hamilton remarked emva kwi- ukuba 'imbali iimbali ezimbalwa kwiimeko ezinjalo nako diagnosis ka-eyingozi loluntu ills nanguye nawuphi na iqela kwendlela philosophers okanye ezinjalo zithethwe disregard yi-statesmen ka-isandi ingcebiso.' Omtsha ukumkani waba kuncinane kakhulu emileyo kwaye irresponsible ukusebenzisa urhulumente ngokwakhe, njengoko uyise azenzileyo.
Endaweni walichitha fecklessly kwi frivolous entertainments xa urhulumente waba zilawulwe yi-ukumnika, Duke ka-Lerma, owaye nje torpid kwaye incompetent njengokuba ukumkani, kwaye agcina ngokwakhe kwi amandla yi-dispensing izibonelelo kwaye pensions ukuba ezikhokelela Castilian nobles, abo crowded inkundla.
Kanjalo lined eyiyeyakhe pockets kwaye bafudukela inkundla ukusuka i-madrid ukuba Valladolid kwaye emva kwakhona ukwenza profits ukusuka real estate dealings. Ngexesha elinye, kubathwesa ke kombane imali evela Baseamerika waba isiqulatho sokufuma esaneleyo silahlekile phezulu Oko slumped yi-isiqingatha ngexesha lokuqala elinesihlanu ubudala okanye ngoko ke, ka-Fil ke, alawule, xa imali kokuba abe wachitha kwi wayekhusela isispanish Emelika ukusuka isixhosa kwaye isidutch.
Urhulumente balingwe baphuncuka yayo-mali iingxaki yi-kwelayisenisi a debased nowekopolo coinage, vellon, kodwa waba? banyanzeleka ukuba ndivakalise a moratorium kwi yayo amatyala, okanye ukusebenza ekuvumeleni bankruptcy. Urhulumente lurched kwi de kwi- Lerma ke iintshaba e inkundla zilawulwe ukukhuphela ngaphandle kwakhe Ngexesha Fil III bafa, abanye Spaniards baba iqala ukuba ummangaliso nokuba zabo i-american empire waba ngaphezulu kwe eyimali kwe-i-asethi.
