Post From Dinar Daily Written By Kevind53 - Emailed To Recaps By A Reader
(This was written in response to a previous post Where Are We In Dinar Journey? By Nadita
I have to disagree regarding the GCR and the influence of the BRICS ... The GCR just isn't reality ... it makes no economic sense, and when you look at the claims closely, they just don't add up, literally ...
even IF the money was there to accomplish it, the reality is if you flooded the world with that much cash, you would see run away inflation.
There are a lot of other reasons I just don't buy it, but that'll do for now.
Yes, the BRICS have resources, but they do not have the infrastructure, skilled labor etc. needed to fully exploit what they have. There is a reason they are, for the most part considered developing countries.
If they all stick together they will have some clout, IF they all stick together. Much have been made of their banding together to form their own alternative to the World Bank, hey I think it's a good idea, of course, according to their own statements, it's going to be years before they fund it.
The one possible exception would be China. They currently have moved past Japan to become the world's 2nd largest single economy, 3rd largest if you count the EU.
They are still way behind the US, in fact only the EU comes even close to the total US GDP.
By the way, although the US has slipped some, it still accounts for 25% of the worlds GDP. Unfortunately for them, China has spent far more than they have taken in on infrastructure and military.
It's hard to be sure, given the central government's control over almost everything, but many experts believe that they are far worse off than the US debt wise. (BTW did you know that well over half of the US debt is held IN the US -- the vast majority by the Federal Government?)
If you want something to worry about here it would be China. They view that part of the Pacific as their pond, and have been aggressively building a modern navy. They also want Taiwan, not to mention certain resource rich areas now claimed by Japan, Vietnam, and various other countries bordering the China Sea etc. If they perceive the US as unlikely to react, IMO they are likely to move very aggressively in that part of the world.
I agree there will eventually be one world government, but trust me when I say this will be a very bad development.
As to Iraq, as of today, Maliki is very much still in control. There is a chance he may be ousted, perhaps the best we have had with Al-Sistani coming out against him. http://www.dinardaily.net/t35168-al-sistani-gives-maliki-a-week-to-step-down Maliki may or may not listen to him, but as the top Shi'ite cleric in Iraq, If Al_Sistani says give him the boot, Maliki is gone.
Keep in mind he a National Coalition Party Politician, and the NA is the Shite party. Maliki is not out, but if Al-Sistani want's him out I think his days are numbered.
Otherwise, Members are indeed sworn in, and today we saw the Speaker and two Assistant Speakers elected. That's the first step in forming the new government. Next would be the presidents, Then the PM.
Keep in mind that under the constitution this could take until late September before all is finalized ... we shall see ...
ISIS seems to be on the run, they are not going easily but it appears that they are not only steadily being pushed back, they are losing what public support they had in Iraq.
There also seems to be some internal strife going on at the moment. Who knows, they may disintegrate back into squabbling factions. One thing is clear, they have no real friends in the Middle East, even the other radical groups have told them to ... well you know.
There you have it, my thoughts at the moment.
Trust but Verify --- R Reagan Suspect
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18