May-11-13

Japan's Currency Decline, China, USA Banking, and Gold

Posted by Ben B.Boothe, Sr.
Japan took steps to lower its currency value because the nation has been in a recession brought on by poor banking sector issues and competition with China for over a decade. The Japanese are notorious in their slow response to financial and economic issues. This bold move might give Japan a real chance to recover.
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Consider that only 20 years ago Americans were fearful that Japan would destroy American manufacturing, our auto industry, buy all of our land and bury our banking industry. Golf courses and big developments were being bought by Japanese investors. Japan was the excuse that the big boys on Wall Street and in D.C., used to justify policies to deregulate giant banks in America so we could "compete with the Japanese". Deregulation essentially created a foundation for destruction of the American financial sector.
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Well, we were all worried about the wrong nation. Japan crashed and the USA crashed, and China won the economic battle. Even with China's recession they still managed to grow GDP at 6 to7% annually. China, is the world's strongest economy. And even China is not absolutely stable.
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Japan lowered the Yen value, in part to allow Toyota and other Japanese manufacturers to be more competitive with U.S. and Chinese manufacturing. Indeed, a Toyota from Japan is instantly cheaper in the USA, when the dollar goes up in value against the Yen.
A Ford, made in the USA is instantly more expensive in every international market when our Dollar goes up in value, in relationship to other currencies.
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China, continues to let their currency slowly rise by tiny bits and this makes Chinese goods less appealing in Japan and other nations, but also the rise in the U S Dollar makes our exports more expensive to other nations, putting our manufacturing export products at a disadvantage. A few years ago the decline in the US Dollar was largely a managed effort to make U.S. exports cheaper in other nations. Unfortunately, China let their Yen drop evenly as the Dollar dropped, thus, we continue to be at a huge disadvantage with China, because their labor and manufacturing costs are much lower.
Our big lifesaver is that we have oil and gas, China does not. It is said that millions of Chinese workers are soldiers, who the Chinese have put to work at starvation wages, to grind out cheap Chinese products for export to the USA. But this most recent recession
hurt China, because we stopped buying. So China's real estate and banking sector dived into trouble, but in China, the Central Government backed up their economy and China is again growing.
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Gold seems to have peaked out. That suggests that people are not expecting eminent
crisis. Oil and gas are slowing dropping in value. We are flooding the markets with new production. The good news is that the USA, due to fracking technology, is exporting more oil and gas than ever, creating a financial salvation for the USA. Cheap oil and natural gas, and actually exporting instead of importing has been an unexpected bit of good news for the USA. Energy always is foundation for economic strength.
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Banking? Another story. CitiGroup (CitiBank), Chase, Bank of America, still show profits and balance sheets made with mirrors and based upon a foundation of "created" wealth with "created" dollars made from borrowing leverage and loans, backed by reserves that are only a fraction of the money in their vaults. CitiBank should fail and be broken up. It has long been corrupt and is perhaps one of the worst examples of capitalism corrupted. A new bill floating around DC suggests that the big banks by law (if it is passed) must begin to have to raise capital and reserves, or sell off assets. We could do without CitiGroup, get rid of the cancerous corruption. Banks such as CitiGroup put a tarnish on the USA and frankly threaten our nation's economic health.
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We believe that the discussions of state owned "Public" banks could bring stability, and profitability based on sound principles if promoted in every state. Where they have functioned, they have prospered and they do not invest in strange artificial market documents or in Greece, Italy, Spain, or Portugal. Indeed the Public Banks, take deposits from their communities, lend back to the communities and invest in solid non risk investments. They have low losses, help their communities to grow, don't ship all of their profits to New York, and stabilize economic growth. They build public confidence in a banking system, critical for our nation's stability. Something to consider, when we live in a world that the "Big Boys" can screw up a financial system, be virtually broke and then get laws passed allowing governments to take the savings or deposits of people, to pay back bank losses. These are interesting times and we at www.bootheglobalperspectives.com invite your input and observations.
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April-15-13

Gold Falling Rapidly

Posted by Ben B.Boothe, Sr., Global Perspectives

Gold plunged recently to its lowest level in over two years. This reflected all kinds of commodities.

There were explanations including “China’s poor economy”, “Japan’s monetary-policy” , Cyprus planning to sell it’s gold and the rising American Stock-Market.

Gold for June delivery, lost over $140 an ounce to trade well below $1,400, and dropped 5% earlier. Gold is 29% below its record high in September 2011.

Spot-gold, which is for April delivery, also tumbled -- dropping $140.40, or 9.3%, to settle at $1,360.60. That was the biggest drop since Jan. 22, 1980.

China:The world's second-biggest economy grew at a 7.7% annual rate, which was weaker than the 8% most economists were expecting.

Japan’s weak Yen has driven thousands to sell their gold.

Other metals including silver, copper and platinum were also weaker, and oil lost more than 3%.

Related: New markets milestones in sight

Investors have been making more money in stocks, abandoning gold as equity markets in the

United States are at all-time highs.

Last week investors sold $1 billion out of the SPDR Gold ETF. So far this year, they've pulled nearly $10 billion out of the $55 billion fund.

Goldman-Sachs and Deutsche Bank both downgraded their forecasts for gold prices, mainly because the U.S. economy appears to be in recovery.

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April-15-13

Trends in Oil, Gas and Coal

Posted by Ben B.Boothe, Sr., Global Perspectives

10 Diminishing Trends in the World of Energy

By EnergyBurrito Reprinted with permission

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April-11-13

GUNS AND ECONOMIC TRENDS

Posted by Ben B.Boothe

These are interesting times. GUNS AND ECONOMIC TRENDS

GUN OWNERSHIP:

Ethan Boothe and Swamp Monkey

The gun controversy brings up deep-rooted cultural differences. I have studied andthought and spoken to people throughout the nation. I have yet to find an electedpolitician who says they want to "take sports guns" or personal weapons from us.They, as do a vast majority of Americans, think that "military type assault weapons,machine guns and sniper rifles" should be monitored with preference for the policeand our soldiers use. Now if that is what the American people want, and what mostpoliticians want, what is the problem, this is a democracy isn't it. The problem, is asusual, a few radical ideologues.

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March-29-13

A Muslim Pluralist, Celebrates Easter

Posted by Ben B.Boothe and Mike Ghouse

A Muslim Pluralist Celebrates Easter

Posted: 03/29/2013 10:40 am by Mike Ghouse, A Muslim
I HAVE KNOWN AND ADMIRED MIKE GHOUSE FOR YEARS
AND HAVE STOOD BESIDE HIM AS HE BRINGS PEOPLE OF
DIFFERENT FAITHS TOGETHER. HIS IS A GLOBAL PERSPECTIVE
YOU MUST LISTEN TO AND SHARE WITH OTHERS.
MIKE IS ISLAMIC, I COME FROM A CHRISTIAN TRADITION, BUT
WE ARE BROTHERS IN THE BEST SENSE. WE WORSHIP, PRAY
AND ASK THE BLESSINGS OF THE SAME GOD...WE ARE ONE....
BEN B. BOOTHE, SR. , PUBLISHER
The first response from a few Muslims would be "no, no and no!" Muslims cannot celebrate resurrection of Jesus Christ. Jesus did not die, he and his message lives on!

They would argue: To be a Muslim, one has to believe in Christ, the one who brings life to the dead, the one who has the healing powers, and one who is likened to the Morning star that brings the good news. He will come back as the Messiah to close the chapter of human suffering and bring salvation to mankind by reconnecting them with God.

However, the insecure Christians and Muslims make a villain out of Jesus, "Yeah, he will come as Muhammad and slaughter every one and convert them to Islam." On the other hand Muslims believe, "Yeah, he will come back and establish peace (Islam) on earth by forbidding evil and enjoining the good." Shamefully those few on both sides are projecting Jesus in a political context.

Jesus is indeed a unifier and will herd us all towards the elusive kingdom of heaven, where we will live an eternal life free from anxieties, fears and disappointments. The Muslim expression for such life comes from surrendering to the will of God.

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March-26-13

CYPRUS, EXAMPLE OF FREE ECONOMIC SYSTEM WITH LITTLE REGULATION

Posted by Ben B.Boothe, Sr.

NICOSIA, CYPRUS ECONOMIC HUB, WAS CONSIDERED ONE OFTHE WORLD’S AFFLUENT CITIES

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March-22-13

CYPRUS BANK, IMPLICATIONS FOR SAFETY OF YOUR BANK DEPOSITS

Posted by Ben B.Boothe, Sr. and Ellen Brown

Dear Readers; We noted with interest legislation planned with support from Governor Perry, to request that the Federal Reserve Bank send $1 BILLION worth of gold bars held in New York, back to Texas. Texas believes keeping it's gold in Texas, offers a perception of financial stability, during times of crisis. This could pave the way for state sponsored PUBLIC BANKS or "Texas banks" that keep investments, loans and assets in Texas and out of national or international markets. While pondering this, we have been watching Cyprus, and their spooky idea of taking 10% of bank deposits out of people's accounts to help cover budget problems. Yes, a national government, including the USA has the right to take your bank and your money. So...read this article with interest.

Ben B. Boothe, Sr.

BootheGlobalPerspectives.com

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March-14-13

J.P.Morgan/Chase Corruption, here we go again...

Posted by Ben B.Boothe, Sr.

The giant banks make Genghis Khan, look like an angel. JPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon hid losses that surpassed $6.2 billion by misleading investors and regulators. Genghis Khan captured nations with the bow, the giant banks destroy them financially with fraud and abuse.

The largest U.S. bank “mis-characterized high-risk trading as hedging,” and withheld key information from its primary regulator, according to a report today by the Senate Permanent Subcommittee on Investigations. Managers manipulated numbers and pressured traders to overvalue their positions in an effort to hide losses in a “monstrous” credit derivatives portfolio in London.

“We found a trading operation that piled on risk, ignored limits on risk taking, hid losses, dodged oversight and misinformed the public,” Chairman Carl Levin, a Michigan Democrat, told reporters today after his investigators spent nine months researching J.P. Morgan.

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March-13-13

Another Look at YASA, the Laws of Genghis Khan

Posted by Ben B.Boothe, Sr.
The Great Khan is Genghis

The Yasa was written, but no complete copies exist, only fragments that have been recorded by others over time. The best complete source of the Yasa that this author was able to locate was at:

http://www.coldsiberia.org/webdoc9.htm.

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March-09-13

INSIDE PERSPECTIVE OF WHY 'W' HATED CHAVEZ SO

Posted by Global Perspectives, Special

A former Washington D.C. government employee sent me this article. We have printed it in part, and think it may explain some things. True to our goal it provides a GLOBAL PERSPECTIVE.

Reprinted in part by: Global Perspectives with Credit to Greg Palast, Vice Magazine former BBC Reporter in Venezuela

Vaya con Dios, Hugo Chavez, mi Amigo

By Greg Palast, Vice Magazine

08 March 13

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A Message from Ben Boothe

Dear friends,

Global Perspectives is a newsletter that has been published and sent to VIP’s for several years. It goes to political leaders, corporate heads, government officials, academia, and movers & shakers throughout the world.

The first few years, it was published and mailed, but we have moved over to internet communications. We are building our list, and invite you to send the names of influential and enlightened people who enjoy exchange of global ideas.

As your ideas and information come to us, we glean them and then summarize important events or information for our “global family” of readers to enjoy.

Thus, we are a family, all around the world. We welcome you to "Global Perspectives".

Ben B. Boothe
President of Ben Boothe and Associates, Inc.

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