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Resources for the Independent Trader Blog
USA Shutdown and Debt-ceiling are
affecting the World
Courtesy:XM.com
Dear Reade...
One aspect of the shutdown and world economy it will hurt because the dollar is main
trading currency. This should change,...
Example of an opportunity: THE Australian dollar rose as the US dollar fell against most
currencies on the realisation tha...
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http://www.slideshare.net/PierreAPienaar
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USA Shutdown and Debt-ceiling are Affecting the World

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Dear Reader,

Writing from Namibia, it is disheartening to see a superpower, that many see as a saviour of all problems, I don’t, they cannot control their government. I don’t want to mingle into the affairs of the USA, but since the US is doing it, and that its economy is affecting the World Economy, I would like to give some comments on the current affairs.
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Transcript of "USA Shutdown and Debt-ceiling are Affecting the World"

  1. 1. Resources for the Independent Trader Blog USA Shutdown and Debt-ceiling are affecting the World Courtesy:XM.com Dear Reader, Writing from Namibia, it is disheartening to see a superpower, that many see as a saviour of all problems, I don’t, they cannot control their government. I don’t want to mingle into the affairs of the USA, but since the US is doing it, and that its economy is affecting the World Economy, I would like to give some comments on the current affairs. First of all, US, its strategic intention is to maintain and safeguard its hegemony, which has existed since the end of the Cold War. In 1992, the US Department of Defence released a report entitled "Prevent the Re-emergence of a New Rival" which stated: "Our first objective is to prevent the re-emergence of a new rival." After the Obama administration came to power, this strategic intention has become more intense, as President Obama stressed, "I do not accept second place for the United States of America". Therefore, the US has been on a high alert and kept a watchful eye on any country, which has the potential to challenge its hegemony. Even, Mr. David Cameron, PM of the UK is seriously worried, how it will hurt his country and the rest of the world.
  2. 2. One aspect of the shutdown and world economy it will hurt because the dollar is main trading currency. This should change, but are there alternatives? One solution is that country-to-country trade the said currencies should be used as transaction, like the Yuan and yen. Trade between the BRICS countries could either be using a BRICS currency, which non- BRICS countries could use, or the said currencies between BRICS countries. In the long run it will give more value to countries’ currencies. Gold is another option. It will give it its past value. The question is if there enough gold supply to support such a move? Coming back to the reasons for the shutdown: There is so far no end in sight to the shutdown as both Republicans and Democrats have not made serious talks to break the standoff. The House GOP efforts to fund some parts of the government were rejected on Tuesday night. Fears are rising that the funding deadlock could stretch into a debt-limit fight. 1. OBAMACARE I cannot see why people don't want other people to have affordable health care. Knowing with a chronic disease (RSD/CRPS), without an affordable health Insurance, I would have suffered even more. It will help small business owners as well as their employees. It is a matter of die, you’re not worth living. The pharmaceutical companies have definite as a say in this anti-OBAMACARE. They will have to lower their prices. Where will the millions of bonuses be taken from? Fire more employees. 2. The debt ceiling The idea of a debt ceiling to be able to pay the government bills, as Mr. Obama said in his speech, is not totally negativism, but spending cuts are necessary like every business and household. Stop defence spending by stop mingling in other countries' affairs. However, there is a problem the USA must use their weapons, and what will happen to the big defence contractors? Stop giving aid to developing countries, like Namibia, it just makes them dependent, and not self-sufficient, and start paying the full price of products' worth. Commodities should only be import as value-added products, and then they won't need aid. Yes, there are solutions to the problem, if the USA start changing it’s Elections system. Are the voices of the people really of value? I don’t think so, looking at the current impasse. The collegiate system is in any case very complicated and open to fraud, and it seems that it happened before, and the 2-party-system is not really democracy. Harsh words, but it is time that the world stands up and say, “ENOUGH IS ENOUGH”. The USA should start acting by looking more towards its own citizens, and start treating all countries equally. It includes all rich nations. To all traders: Currently, the markets around the world are hurting (However, the Stock exchanges are fairing better this morning), but I believe chaos brings opportunities. You must utilise the trends to make a profit in your trading. Global stock markets 'may face volatility, depends on how long the shutdown will last.
  3. 3. Example of an opportunity: THE Australian dollar rose as the US dollar fell against most currencies on the realisation that the government shutdown in Washington may not be short-lived. In short, a government shutdown in itself is not that critical to the overall economy. It is not slated to do much more to the stock market than shave a couple of percentage points off the YTD gain. But it does add an element of uncertainty to the already fragile trading environment. And it is only the beginning of more messiness ahead: the Fed’s possible tapering, a possible S&P downgrade (again), and a highly unlikely but still worrisome (that it is even a possibility) debt default. The last time those last two things loomed large, the Dow tumbled 14%. It took 5 months to get it back. I hope this will trigger a valuable and lively debate. “Have a peaceful, purposeful, happy and profitable day” Pierre A Pienaar Xcelwealth Store - Business & Investing ----- I retired in 2011 from trading and business. I would like to share my passion, my interests, knowledge & experiences in Forex, Options, Gold Investments, Futures, Stocks, Binary Options, Economics, Life-long Trading Education, Finances, Business, Stamp Collection, Sports, Gardening, Reading, Photography, and Politics Join me at: http://www.facebook.com/pierrea.pienaar https://twitter.com/pienaar_a http://www.goodreads.com/user/show/2580802-pierre-a-pienaar http://resourcesindependenttrader.blogspot.com http://www.viadeo.com/profile/0021ok1u4iwg7pwc
  4. 4. https://www.xing.com/profile/PierreA_Pienaar?sc_o=mxb_p http://www.slideshare.net/PierreAPienaar https://plus.google.com/103487646835776536221/about http://weibo.com/3158954871/profile?topnav=1&wvr=5 http://www.linkedin.com/pub/pierre-a-pienaar/64/a4/666/ http://sulia.com/source/120883023/ http://www.peakprosperity.com/users/pierreapienaar XM.com Easy-forex Windsor Brokers Disciplined Trader InTheMoneyStocks Speedtrader Forex Club (Russian) Hot forex Please consider the environment before printing this e-mail. Substantial risk of loss There is a substantial risk of loss of stocks, forex, commodities, futures, options, and foreign equities are substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. You should read, understand, and consider the Risk Disclosure Statement that is provided by your broker before you consider trading.
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