Honest Information, Profitable Trading
|Posted on October 2, 2013 at 8:11 AM|
It is that moment in time when the world knows the answers, yet some do not seem to. For their narrow vested interests, they may be taking decisions which will adversely affect so many people.
Yes, point in question about the shutdown in the United States, affecting some 700,000 government employees who have been told not to turn up for work, because the two caucuses of the centrist Republican Party which is the U.S. Congress cannot agree the left with the right. They would like concessions on many issues, which are not of prime importance today and bear some relevance to the great impending issue of the raising of the Debt Ceiling. According to Mr Jack Lew, Secretary of State for the Treasury, the clock is expected to hit a top on 17th October, giving just about 15 days for the Congress to concentrate on this priority.
The aggregate debt stands at a whopping $16.5 Trillion, but certainly that is not huge in comparison to the essence and integrity of the United States of America. At last count, when the debt ceiling needed to be raised in August 2011, the Chinese Premier Hu Jintao as well as the Japanese leaders offered their continued support.
The cash-flow in the system has enabled an ongoing Recovery, translating into much consumer confidence, demands on goods and services, and heatmaps of happiness across the world, in China, India, Malaysia, Hong Kong, Japan, Australia, Europe, Brazil, Venezuela, and every nation who trades, which includes all nations of the globe.
Indeed it was a great gesture when the Federal Reserve opened the Open Window in Europe, enabling the Eurozone to borrow dollars and pump into their economies, creating much growth and momentum
in production and consumer confidence.
There must be few people who do not see the benefits of a globalised economic powerhouse that is the world, where co-operation and trade between nations helps each nation produce its unique resources and exchange with the rest of the world.
I believe the world can confidently assume that the U.S. banks collectively have the wherewithal to underwrite the raising of the Debt Ceiling. As Jamie Dimon of JP Morgan and other leading bankers meet with Mr Obama today, certainly that will be on the agenda of discussion.
In August 2011 the U.S. banks collectively had over $1.45 Trillion, and enabled that raise. It will be good news to hear what they may be willing to underwrite this time. Certainly the money has swirled around the system, enabling people buy the houses and cars and television sets and sofa sets and iPads which they love, and swelled the coffers of companies such as Apple and Oracle and billionaire Carl Icahn. All that is really needed is for such companies and people to continue to create more employment in the private sector, and for government to continue to serve the people effectively.
The lifting of the shutdown would be great, and would be welcome for people who are visiting America, so that their trips are joyful in seeing the monuments they have come to see.
A rethink on what has led to the shutdown can only help the goodwill of America, and the prosperity of her own people.
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