May-11-13

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

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.
 
March-26-13

CYPRUS, EXAMPLE OF FREE ECONOMIC SYSTEM WITH LITTLE REGULATION

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

 
March-13-13

Another Look at YASA, the Laws of Genghis Khan

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.

 
March-09-13

INSIDE PERSPECTIVE OF WHY 'W' HATED CHAVEZ SO

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

 
October-22-12

Iran, ECONOMIC REPORT

Economic reports on Iran:
1. Official Central Bank reports an inflation rate for the Iranian month of Shahrivar (August 22-September 21) was 24 percent, an increase of just half a percentage point over last month’s figure.
2.Dr. Mehdi Taghavi, a leading economist from Iran’s Allameh Tabatabai University, said recently that Iran’s inflation rate is close to 50%, according to Iran’s Labor News Agency.
3. More Iranians are attempting to send funds overseas, or to convert to other currencies.
4. Leadership of Iran is distracted by conflicts between President Ahmadinejad and the "Mulla Regime" over "who is to blame" for the bad economy. Neither the religious leaders of Iran, or Ahmadinejad have education in economic matters.
5. Dr. Taghavi reports that Iran has the highest inflation rate of any Middle Eastern nation.
6. The Rial has lost 80% of it's purchasing power in the last 6 months.
7. Steve H. Hanke of Johns Hopkins University reports that Iran’s foreign-exchange black market, suggests Iran’s monthly inflation rate at 69.6%.
8. The central bank, also highly influenced by the religious leadership in Iran, has been widely criticized, as "finger pointing" continues in Iran.
9. News site Khabar Online, considered a moderate publication, published an interview with economist Ali Pakzad, criticizing the central bank for "erratic financial information' over the past three years. This sounds like a "shoot the messenger" reaction.
10. Sunday, Mohammadreza Pour-Ebrahimi, the deputy head of Iran’s parliamentary Economic Commission, said that the central bank was failing to maintain a stable currency. Pour-Ebrahimi told Fars News, which is affiliated with Iran’s Revolutionary Guard Corps, that bank officials must stabilize the foreign exchange market, and that two of the major factors in Iran’s economic crisis were the lack of working capital and an unstable currency. Pour-Ebrahimi accused the central bank of turning a blind eye to the large number of Iranians exchanging their savings into foreign currencies over the past few months.
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Economic Facts: A nation must have stability in order to provide citizens and business to plan accordingly. High inflation usually reflects an imbalance of supply and demand. But, stability and confidence is a key. It appears that neither the President of Iran, the Religious "Mullah Regime", or the Central Bank have ability to create stability.
This stands starkly when contrasted to the fact that Iran has a highly educated society, has one of the largest military establishments in the Middle East, continues to support and export funds to "disrupt" other nations, and has a huge oil reserve. The nation continues to spend huge sums on nuclear development and research (it says for future energy development). But even the oil industry in Iran has been hampered by what appears to be incompetent religious leadership standing in the way of improving infrastructure of the oil industry, while squandering treasure on unnecessary misadventures. A nation which has such potential for regional, even global influence, seems to lack qualified leadership to coordinate an effective, prosperous economy, to allow the people to achieve their dreams or their potential. Sadly Iran's bright and creative people are relegated to "survival mode" when they could be contributing to the world in hundreds of ways.
If Iran were a private company, most managers would suggest a complete reorganization of the board of directors, the officers, and a restructuring of the corporate structure. But, it would seem that while Iran's intellects observe and see what is happening to their nation, and Iran's youth long for more human rights and freedoms, Iranian artists singers and the liberal arts distinctly define a sadness about their nation. Surely, Iran is an example of what happens when an exceptionally intelligent people, are doomed to live in a nation where an unhealthy, even lethal combination of religion and politics is applied to government, forced upon a people, resulting in a confusing, conflicted, counter productive society. Iran's golden history of the past, is sullied with religious and political ideologues.
One must dream, even hope for another Cyrus the Great, to revive Iran's future, and provide hope for the children of that nation.
 
October-11-12

Taliban Shoots Malala, a school girl in the head, (Taliban Shoots Taliban in Foot)

14-year-old Malala Yousufzai who tweeted "I have the right to go to school" when Taliban kept girls out. "The Koran doesn't say girls can't go to school..." She wrote.

Malala, a 14 year old school girl in Pakistan tweeted: "I have the right to go to school, the right to play, the right to sing, the right to speak, the right to go to market."

Then she wrote about her school friends who were afraid to speak out: "What will you tell God on the day of judgement, when he asks you 'Where were you when the Taliban told you that you could not go to school because you were a girl, that they would close your school, or kill you. Use your voice and speak out".

Later she said: "Education is the key to getting us out of the terrorism of theTaliban."

 
September-12-12

U.S. Ambassador Killed by Radicals, Manipulated by Obscure Religious Leaders

J. Christopher Stevens, died of asphyxiation while the U.S. Consulate burned around him, this day, when in America, the nation had finished a reverent day of reflection on the anniversary of 9/11.
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Ambassador Stevens, had started out as a young member of the Peace Corps. He spoke several languages and as he devoted his life to helping third world nations, became an outstanding career diplomat. He was sympathetic to the plight of the people of Libya, plus he was notably a key part of the efforts to help the nation rebuild, in the aftermath of Omar Gaddafi. He was handsome, bright, progressive and above all, an American Patriot who was admired throughout the Middle East. Perhaps that is why he was targeted. He was too good. We must consider a possibility that he was so effective that someone in the militant Islamic machine decided: "We have to eliminate him."
If so they made a mistake. As Vice President Biden recently said: "It is a mistake to bet against the USA." Whoever initiated this, has made a losing bet that will hound them for the rest of their days.
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Why?
The why of this event is steeped in events of manipulation. You should know that a Coptic Christian, Sam Bacil, associated with a small radical group, produced a third rate film in California, to "Expose the hypocrisy of Islam". He filmed Muhammad in compromising sexual scenes and characterized him as an opportunist, with more ambition than spirituality. That definition could apply to almost any politician, and a number of religious leaders in the world. It also reflects something dark about this man, that
he would make something that would obviously be offensive. If you consider that, you have the dark roots that grow into darker violence.
This obscure, unskilled film maker somehow caught the eye of an obscure preacher in Florida, Terry Jones. You will remember him. He is the "crack pot" who wanted to burn the Koran and created such riots in Afghanistan, that many people died before the press realized that he was a kook. Americans around the world were threatened, and some injured in the violence that this preacher caused. This obscure, headline seeking preacher, of a disrespected fringe group of easily manipulated radicals, started promoting the film made by the obscure filmmaker in California.
An obscure Islamic religious leader in Benghazi, Libya, started whipping up his poor and easily manipulated followers leading to an opportunity for a "co-ordinated" mob of young men, equipped with automatic weapons and rockets to lay siege on the U.S. Consulate. One must wonder how they, and a similarly armed group of men, in Egypt, just coincidentally found sophisticated weapons and almost simultaneously conducted military assaults, on 9/11, the same day, same weapons, same tactics.
The U.S. Marines, were reluctant to fire upon the crowd, as they are trained to do, showing restraint to keep from killing innocents and Libyan police stood back and were reluctant to do much either.
As the band of young men yelled "Allah Aqbar" (Praise Allah) they burned the U.S. Consulate. There is a strange feeling when you see people saying "praise God" as they do violent and evil acts. Ambassador Stevens and three other Americans died of smoke inhalation as they waited for the police and Marines to regain control.
In a "coincidence" another Islamic group of young demonstrators had just attacked the Embassy in Eqypt, scaled the walls, to replace the American flag with a black Islamic flag. They would have done more, except the local police were slightly more active. Again, U.S. Marines were hesitant to shoot and kill young people, and showed restraint. Gradually, U.S. Marines and Cairo police slowly started to take control of the crowd and protect the Embassy there.
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In the USA….
Presidential Candidate Mitt Romney broke his promise to avoid politics on 9/11 and attacked President Obama for "Sympathizing with those who attacked our Embassy".
He had no idea that President Obama was holding back, in respect to the wives and families of those murdered, so they would not hear of their losses on public news.
Obama and Hillary Clinton issued statements denouncing the attacks. NBC News called Romney's turning this into election fodder as "The most over the top, out of line political event in recent history." In the meantime, Israeli Prime Minister, Netanyahu, (a long time Romney friend) got into the political act by releasing a statement that Obama was stubbing him and "throwing Israel away".
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Response?
The Secretary of State, Hillary Clinton gave a public denunciation of the violence, and killing, while honoring the Americans who were killed and offering condolences to their families. She gave a strong tongue lashing to the people responsible.
President Obama suggested that Romney act with more restraint and deliberation, and similarly issued a statement that those perpetrators would be punished. "Never doubt, they WILL be held accountable." Then as he has proven before, Obama acted:
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*The Obama administration, immediately initiated a terrorist hunt in Libya. Intelligence suggested that the attacks were perpetrated by well-armed thugs and not an out-of-control crowd.
*The FBI moved to send agents to do a detailed investigation, seeking evidence and clues as to who did this, where the weapons came from and track the enemy down, only as the FBI can do. They will be "covered" by a second US team for their protection.
*As part of the hunt for the attackers, officials say the U.S. has increased its surveillance over Libya, using the "eye in the sky" technology and use of unmanned drones, that the entire Islamic terrorists world, is terrorized by. We can be sure that they are authorized to "take out" terrorists.
*In addition, the U.S. Navy is positioning two destroyers armed with cruise missiles off the coast of Libya. Libya has felt the sting of US missiles before, for actions of radicals. If these radicals raise their heads again, they might find them gone.
*The investigation will focus on whether the assault on the U.S. Consulate in Libya was a planned terrorist strike to mark the anniversary of the Sept. 11, 2001, attacks and not a spontaneous mob enraged over an anti-Islam YouTube video.
*After the attack, an elite anti-terrorist unit of about 40 Marines was flown in to beef up security at the American embassy in the capital of Tripoli.
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Air Force transport planes flew the bodies of the dead Americans out, along with at least three who were injured and the rest of the approximately 25 diplomats assigned to the consulate. At the same time, the U.S. State Department urged all non-essential personnel to leave on commercial flights.
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Wanis al-Sharef, a Libyan Interior Ministry official in Benghazi, said there had been threats that Islamic militants might try to take revenge for the death of al Qaeda's No. 2 commander Abu Yahya al-Libi, who was killed in a U.S. drone strike in Pakistan in June, and he said the U.S. consulate should have been better protected.
Confirming al-Libi's death for the first time in a video posted online Monday, al Qaeda chief Ayman Al-Zawahri called on Muslims in al-Libi's native Libya to take revenge for his death.
U.S. officials believe the militants were using the demonstration against the video as a cover to get into the consulate and then take as much revenge as they could on Americans.
An hour before the assault began, a stream of cars was seen moving toward the U.S. Consulate in the eastern Libyan city of Benghazi. By late evening, as many as 50 heavily armed militants had gathered outside its high walls, intermingled with the crowd of protesters.
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One must wonder about the connection, if there was one, of Netanyahu and Romney. How did Romney get the news so fast? What a coincidence that he and Netanyahu attacked Obama so vocally in the same time span?
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But, there is another consideration. Those two obscure religious men, one a marginal Christian, leading an extremist church of followers in Florida.
One an Islamic cleric, leading an extremist group of followers in Libya.
It would seem that in a court of law, these two obscure, manipulative, radical men, would be considered culpable and legally liable, before and after the fact of the killing of people and destruction of property. Perhaps the leaders of Egypt, Libya and the United States should bring these religious trouble makers in, and try to educate them of the evil of using religion to incite riots, destroy property and murder people. On the other hand, perhaps their "ignorance" just gave terrorists looking for an excuse to attack the US on 9/11, something to gain a crowd with.
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Other observations:
The film was a poorly produced, pile of trash. It was nothing. Something that only 6,000 people had seen on U Tube, and it was of poor quality and the American people ignored and rejected it for what it was. A trash piece produced by someone with a hateful agenda. Indeed, I checked U Tube's statistics, and a video featured beside this one called "Fart Contest" had 20 times more viewers than this poorly done video with religious and political overtones.
Two obscure religious leaders, opportunists needing attention, used this to whip up emotions from their "flocks". Angry young men, needing a vehicle to attack the USA, jumped upon the opportunity to attack the U.S.Embassy.
J. Christopher Stevens, the first Ambassador of the USA to be killed in the line of duty in three decades, died a victim of the acts of multiple groups, all manipulating and being manipulated, to conduct murder and violence, at the behest of those with black motives.
It is a true tragedy. It reminds us of 1979 when the U.S. Embassy in Iran was attacked, and the result was the election of Ronald Reagan. Reagan's simplistic but attractive image and charming personality made for good public speeches, but ultimately was a beginning of the trend of deregulation that brought the USA to the disastrous economic collapse that we experienced under George W. Bush.
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This event will bring forth some challenges to the Obama Administration.
1. How to keep good relations and strong influence in Libya in the face of bands of street gangs who try to use religion to influence political control.
2. How to show intelligent restraint, balanced with a strong hand of "American Justice".
3. How to show the world that the USA is a strong nation, not to be trifled with, while avoiding the image of "gunslinging unilateralism" epitomized by W.
4. How to provide more security for our patriots who work in our Embassies around the world.
5. How to gain the respect of our enemies, the admiration of our allies, and fear from those who would kill our people.
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Considering Romney's quick out of the box statement (with factual errors), attempting to turn this into a political event in the USA, makes one wonder about his wisdom and deliberative skills. Times like this call for quiet, well conceived, and well coordinated response. Not knee jerk attacks, making the tragic death of one of America's outstanding diplomats, fodder for campaign votes.
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Deeper reflections:
I think of a young man, so idealistic that he joined the Peace Corps, instead of going to Wall Street. A man with a brilliant educational background, who was so good at helping and relating to people, that he rose to be one of America's up and coming starts in the Diplomatic Corps. A man killed by citizens of the very nation that he contributed so much to. A man, whose widow and children, are mourning, a man whose children will miss their dad, and a wife who has lost her loving husband.
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We at www.bootheglobalperspectives believe that it is appropriate that those who cause these things, understand justice, compassion, love for mankind, and understand that there is a price to pay for actions that kill, murder and destroy. We call for "more light" in these days.
 
August-11-12

China Exports down from 11% to 1%

The Chinese economy is in trouble

As Global Perspectives has been reporting for two years now, the Chinese economy is in trouble, despite efforts by Chinese leaders to hide their recession. China has relied upon export growth targeted at 10 to 11% to pull it out of recession but July figures just released showed export growth at a disappointing 1%.

The sagging economy of European nations and lower demand in the USA have lowered demand for Chinese products. China has been fighting a recession that it will not admit and it is far deeper than Chinese leaders will acknowledge.

Inside China, bank loans have declined, construction has crashed, real estate values gone down causing massive failures. There are pockets of failure and tragedy in the Chinese economy.

 
December-04-11

China's Economic Roller Coaster Ride Just Starting the Free-fall

China may have seen the best of good times.

Chinese Investors Starting Down Like this Man.

More indicators are suggesting that the nation may be in a downturn. Chinese markets,public and private, stock and real estate are in a free-fall that looks much like that of the USA three years ago.

Boothe Consultants http://www.benboothe.comhas looked at the Chinese economy. It has great production ability with low cost labor. But, if an economic decline destroys public confidence, the results could spread to significant proportions. Chinese people have suffered economic hardships many times in their history, and can survive. But not without great pain encompassing hundreds of millions of people.

 
November-26-11

Freemason Influence on American History and Art

Washington D.C., especially the "Capital and Mall" area, is of the most beautiful city spots on

Washington, the Surveyor President, planning a city.

earth. But it was once a swamp, and later a housing slum, filled with disease and poverty. It is beautiful, because men of vision made it so.

Have you ever considered the symmetry, the elegant balance, and the marvelous artwork and architecture of the city? When Benjamin Franklin, George Washington, Thomas Jefferson, and a host of others decided to make D.C. a city of "light" to show the way of a new democracy to the world. They set out to make this an example to all that came to America.

 
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