KP Week-End Notes (II): The U.S. Economic Transformation
The concerns over the dollar continue to be on the mind of all around the world. The United States continues to rack up debt as it tries to spend its' way out of debt. Iran has been gradually moving away from the dollar and moving its reserves into Euros. Furthermore, there is an active discussion in other economies about whether Dollar is the right currency for the world. It should be of concern to all. This is especially so as the Dollar continues to weaken. Kuwait, for instance, has come out calling for a Gulf Currency just today!!!
Now, there are some sceptics who say that one reason America will go to war is to stop this erosion of ultimate economic power:
I regard this as truly over the top. But, the fact that the United States is faced with some truly long term economic challenges is a fact. That's why reforming healthcare plays a vital role in this. That's why creating the green industries is the future. That's why a transformation of how America lives whereby it moves away from a culture of consuerism towards a culture of saving and investment is key. It has to happen for America to continue to preserve its position in the world.
Now, there are some sceptics who say that one reason America will go to war is to stop this erosion of ultimate economic power:
I regard this as truly over the top. But, the fact that the United States is faced with some truly long term economic challenges is a fact. That's why reforming healthcare plays a vital role in this. That's why creating the green industries is the future. That's why a transformation of how America lives whereby it moves away from a culture of consuerism towards a culture of saving and investment is key. It has to happen for America to continue to preserve its position in the world.
Mike Pouraryan
