Sunday, September 11, 2011
I generally support the concept of the International Monetary Fund, try saying that fast or IMF which is easier to say fast. To prevent countries even to fault of their own and I think Greece would qualify here. To prevent them from going bankrupt which would be very bad for its people. As well as its neighbors because when economy's tend to collapse, people can get desperate and look to move to other countries. Making things more difficult for the countries that have to deal with these refugees for lack of a better word. Something like an IMF, could also be beneficial for Developing Countries that have responsible governments. That are looking to modernize and develop and give their people some Economic Freedom. Central America comes to mind a region thats been looking to do this and has had some success at it. Like in Panama and Costa Rica, as well as Mexico thats come a long way in the last twenty years or so with a ways to go. Mexico especially because they are so damn big, one of the largest countries in the World physically as well as in population. Its a country of 120M people thats two thousand miles wide and long. Ranging from the Pacific Ocean to South Texas to the Gulf of Mexico and to the border of Central America. The better Mexico can do economically, the better off America is because it means more mexicans will be able to find work in Mexico. And not have to leave that country and come to America where they probably don't speak the language and would have to try to fit in.
Something like an IMF I believe could be very beneficial to countries that are having financial difficulties and are facing bankruptcy. And can't avoid bankruptcy without devastating their Law Enforcement, military or Social Insurance Programs. Something like an IMF can also be beneficial for Developing Countries that are looking to develop and become wealthier if not developed. If its designed the right way, where the countries aren't given a pot of money to spend as it pleases. Because the IMF is funded by World Tax Payers and they have a right to see their money spent in a responsible way. So if Greece doesn't want to be put under certain restrictions from the IMF and is expecting the IMF to bail them out with no questions asked. They have another thing coming as the band Judas Priest said and perhaps should look for a way to solve their own financial problems. And don't come to America to bail them out because we have our own financial issues, that if we don't address fairly soon. We may need help from the IMF as well in the future which I believe no american wants.
The reasons why the IMF hasn't worked in places like countries in Africa, has to do with corruption. Some governments get the money there and then use it to pay off their allies. Or the money never makes it to the governments in the first place and is stolen by rebels or terrorists. But something like an IMF could be helpful if they are working with responsible governments. So they have some money to help finance their government and develop their economy. In areas like infrastructure, education, developing the Natural Resources and starting industry's. Africa could benefit from something like an IMF if they were to limit the corruption to a point, where the aide could get into to where it needs to go to help.
Click on the link of the blog to see a not so objective video from RT on the Greek Financial Crisis
I'm really getting tired of hearing this notion that China is passing America economically and perhaps in every other important category. Here some facts America has a population of 313M people and a GDP of 14.78T$ and a Per Capita Income of 47K$. China has a population of 1.33B people and a GDP of 5.87T$ and a Per Capita Income of 4,382$. China has a population of over four times as America and America has an economy 2.5 times the size. And our PCI is almost twelve times the size, China has come along way but they have a hell of a long way to go. They have beautiful infrastructure in their big cities, where most of their wealthy and Middle Class people live. But we are still talking about a Developing Country where with about 1B people who live in awful poverty in their Rural Areas. Our poor Rural Areas are probably rich compared to China's. China probably within 10-20 years will have the largest Gross Domestic Product in the World or GDP. But unless America continues to slide our Per Capita Income which is more important, because that gets to Purchasing Power will probably still trample China's. Russia, Mexico and Brazil all have PCI that are at least twice the size of China's. These are all still Developing Countries that are moving in the direction of becoming Developed Nations with a long way to go.
And you want to talk about Governmental Systems, sure lets do that. China of course has a One Party System with an Authoritarian Dictatorship, meaning the chinese don't get to select their Leaders and Representatives. Unlike America of course where we get to choose all of our Leaders and Representatives and then vote them out in the next election if we don't like them. The chinese obviously can't do that and unless your a socialist or a communist, you would prefer to have a say in selecting your own Leaders rather then have them picked for you. So of course its easier for China to invest in things like infrastructure. Because the President of the Peoples Republic doesn't have to go through the PR Congress in order to do that. Or the fact that he knows his party controls Congress as well, so its a lot easier to get things passed. The United States Federal Government was purposely designed to make it hard to pass laws, because it was written by liberals and libertarians. Who believed in Limited Government and didn't want the President to become a dictator. Its not our form of government thats the problem but the people running it. Or some of the people and thats why we have General Elections.
America will always be as important in the World as we need to be and want to be, as well as the most important country in the World. As long as we do what we need to do to stay there. We may not always have the largest GDP, but our Per Capita Income will always be larger then anyone of the large countries. And I mean countries 100M people or more, if Europe united then they would be right there with us or ahead. We've decline and we need to rebuild, we can't continue to carry the debt and deficit that we do. We need to build and repair our infrastructure, we need a National Energy Policy that gets us off Foreign Oil and makes us Energy Independent. And we need to reform our Public Education System, we need to start making things in America again and exporting them. And if we do these things in a positive way and pay for them without borrowing. We'll always be as powerful and as important as we need to be. No matter what China does.
Click on the link of the blog to see a video about Chinese and American Infrastructure