“This week, the US Congress again failed to approve a modest appropriation that would have shored up financing for the International Monetary Fund and given China and other emerging economies greater responsibility there. Support for the IMF may seem arcane, but it has important implications for America’s global role – and the signs are not good.”
America was a giant of the 20th Century. The echo of its mighty roar will be heard for the next 50 years as the seeds of its economic power continue to grow in the markets around the world. Just as the East India Trading Company was the spear tip for the growth of the British Empire, so too was American industry and commercialism at the forefront of its expansion into regions and markets around the world.
With this post I will go out on a bit of a limb as I express some of my own opinions and personal experiences in regards to past events and the planned economy of the future, as ultimately expressed by the SDR system which we discuss on this site.
With March quickly coming to an end it appears there will be no passage of supporting legislation in Congress for the IMF 2010 Quota and Governance Reforms.
On Friday, the House of Representatives introduced a new aid bill for Ukraine which did not include the reforms. An earlier version of the bill did in fact include the reforms.
Let us bridge the illusionary vastness between here and there. Ignorance and enlightenment exist together in a timeless dance of creativity. Creativity is injected into all human endeavors. Human endeavors are the place from which productivity emerges. As such human productivity is supported by both ignorance and enlightenment. Perhaps one cannot exist without the other. Here and there both occupy the same space.
Purchasing Power Parity and Arbitrage are two terms that everyone should make themselves aware off as the world’s economy moves closer toward a centralized SDR trade system through the International Monetary Fund with accounts balanced by the Bank for International Settlements.
Purchasing Power Parity is the balance between exchange rates when there is also balance in the domestic purchasing power of the currencies.
Vietnam has achieved a truly remarkable thing. While being a dumping ground for U.S. dollar inflation and having its own currency consistently devalued, Vietnam has managed to produce one of the fastest economic expansions and modernizations in the history of the world. It’s a model of modernization built upon the experience and lessons of China, Korea, and other Asian countries which developed before it.