We Aren't Getting Anywhere

From what I experienced during the conference I can say one thing, I'm surprised we get anything done at any kind of conferences where countries are together. I believe that it is impossible for there to be a unanimous vote on any subject matter. Every country has their own agenda, which generally includes what is best for that country. The only way there will ever be a unanimous vote is if countries look out for each other,which will never happen. There has to be a majority vote for any voting to be successful or else nothing will get done. I can't give out numbers of the majority percentage but I do know it has to be well over 50% so less countries are angry of the outcome. The issue about climate change is that countries don't really care. We are silly putting a bandwidth on a wound that requires stitches. Climate change seems to be more of a crowd pleaser than an actual issue countries want to fix. I believe countries should address the issue immediately but I know it won't happen. We aren't really thinking about the future as a whole instead we are focused on the present for a variety of reasons. We need an agency to regulate GHG and there definitely has to be a cap on it as well. Even if there was a cap we would only be stalling the inevitable because we would still not be doing enough.

India will slow the emission of greenhouse gases. However, India will not stop the emissions to the point that it is inhibiting its growth as a country. We will also improve our efforts in reducing emission if Western countries provide financial and technological assistance. India will only slow down the emission of greenhouse gases to the extent of the aid. India would also like for developed countries to reduce their emission of greenhouse gases more than they have already stated. Developing countries should not be the ones cutting back back on emissions as much as developed countries because developed countries were the ones that caused climate change and were the ones that emitted the most greenhouse gases throughout their path to becoming developed. India will not affect the growth of itself because of demands from other countries.

Podcast. Walter and Daniel

http://audioboo.fm/boos/752592

Insert Clever Title Here

We are incredibly lucky that China loves us. China needs the US just like the US needs China. China currently holds $900 billion USD that is not make believe like the other money circulating around the world. China would absolutely be foolish to release all that money to reduce the worth of the dollar. If the dollar decreases in value, so does the yuan which would be catastrophic for China because it is pegged. However, China could always peg another currency or simply let the yuan float if the US somehow angered China to the point that they would want to drop an imaginary nuke on us. Hypothetically speaking if China were to let loose all the USD then that would hurt both economies. If the dollar decreases in value, less Chinese goods will be imported because the yuan would be much stronger than the dollar, assuming it is no longer pegged. China would then lose one of its largest costumers, thus hurting their own economy. Releasing the $900 billion dollars would be foolish and would only cause unnecessary conflicts because I'm 100% certain of it were to ever happen the US would simply not stay quiet.
As for the bonds, **** the older generation. That is all.

Red Pill or Blue Pill?

Everyone wants to take the blue pill, no one wants to take the red pill because they're scared or they simply do not want to face the truth. The United States is in an absolutely terrible position regarding their debt. No one will be happy with any plan to cut into the debt. To erase this debt people are going to pay, and pay a lot. The problem is, is that no one wants to pay. Everyone wants to take the blue pill and continue to allow the debt to increase or they believe the debt crisis will solve itself. Majority of the US's population is currently high on the amount of blue pills they are currently taking, but what would the image be if we handed out unhealthy amounts of red pills instead?

If everyone was hopped up on red pills instead they would see that social security is a complete mess. People are living longer and the baby boom generation all want to retire. The nice thing to do is to allow the old people to retire because they have paid their dues, however since we all need money for our red pills we're going to tell them to continue to work and retire later. In the process we hope that it stalls the amount of spending on social security (hopefully some perish...we're all thinking it). Now we need to raise taxes and anger the entire population. Oh no! There goes our drug money, but everyone needs to make sacrifices and this will increase the amount of revenue that the US takes in. Next we tax corporate companies and prevent them from using loop holes to avoid taxes. There is a chance they outsource, however if China lets the yuan float then they could lower the amount of outsourced labor in China, but companies could outsource to countries like Vietnam instead. Next we notice that we're spending $700 billion on defense when the next closest country is not eclipsing $200 billion. We cut spending on defense and cause many people to lose their jobs, but it is a sacrifice that needs to be made for the future. Once everything starts to balance out eventually the blue pill will become reality, but that will probably never happen. 

I was imagining the fight between Neo vs Smiths while writing this which is why this blog post is most likely choppy. 

Would a universal currency work?

What if I told you there is going to be a universal currency called the Doan one day? Chances are you wouldnt believe me and rightfully so because no one would ever agree to a universal currency. Why wouldn't countries agre on a universal currency? The reason why I believe countries would not all agree to a universal currency is because with it there would be less competition between countries. Less competition is not the only bad factor in a universal currency but implementing one would be near impossible. If there was a universal currency poorer countries would be in danger because people would simply not be able to afford anything. Another factor is that a lone country could screw up the value of the Doan, which would cause a ripple effect to everyone in the world because everyone has the same currency. A universal currency most likely will never work, but our currency system now is not working either. Putting the faith of the value of currency in the hands of the people was never a smart idea which can be seen from contagion. People tend to panic when it comes to money and they act on impulse rather than reason. There should have been no reason for Thailand to affect all of those other countries but the reason why it did was because people panicked and quickly lost faith. There are many other issues with the system we have now such as how banking works and how easy it is for countries to conceal how much money they really have. I believe the current system we have is here to stay.

Glogster

http://www.glogster.com/doanish/us-china-relations/g-6lmfirbpq4lgpri90itesa0