USA has plundered world wealth with dollar: China paper

last SG · 2008-10-28T11:00:32+00:00

From the CIA's websiteJapan's external debt: $1.547 Trillion (30 June 2006) Singapore's external debt: $24.3 Billion (2006 Est.)For a little sense of perspec...

lotus999 SG

USA's dollar hegemony and their exploitation of world's wealth through the dollar system must end.

We must oppose the current USA financial dominance and push for global financial reform.

USA Dollar Hegemony has to go

There is an economics-textbook myth that foreign-exchange rates are determined by supply and demand based on market fundamentals. Economics tends to dismiss socio-political factors that shape market fundamentals that affect supply and demand.

Ever since 1971, when US president Richard Nixon took the dollar off the gold standard (at $35 per ounce) that had been agreed to at the Bretton Woods Conference at the end of World War II, the dollar has been a global monetary instrument that the United States, and only the United States, can produce by fiat.

World trade is now a game in which the USA produces dollars and the rest of the world produces things that dollars can buy...

http://henryckl.ipower.com/page2.html

Wen Jia Bao calls for restructuring of global financial system

http://english.people.com.cn/90001/

i think with this financial crisis u.s. would lose its clout as a world financial leader.

Poh Ah Pak SG

Many must know that a greater opposition presence will not necessarily mean a better life or a better run cabinet.

Why not?

Send in opposition to parliament to wake PAP up.

Why not?

Look at malaysian example.

The small victory for opposition shook UMNO and woke some people up.

I don't see why not in Singapore.

teraexa SG

A premature obituary. Sure it will lose its position as the sole centre of financial trade.

That will just make the financial world more multi-polar, just like the current world order.

Poh Ah Pak SG

i think with this financial crisis u.s. would lose its clout as a world financial leader.

There must be reform of global financial system to end USA's dominance.

There will be a battle over this issue soon.

teraexa SG

Why not?

Send in opposition to parliament to wake PAP up.

Why not?

Well, what if they decide to just have a grand coalition? There are so many other countries with such cases.

A opposition in parliament will wake PAP up? No. They will be laughing their arses of if they know that you people think that more opposition = waking them up.

I can give my competitor a 10 per cent stake in my company but he still won't be able to control my company when I have the rest of the 90 per cent. There's no impetus to wake up.

teraexa SG

There must be reform of global financial system to end USA's dominance.

There will be a battle over this issue soon.

Let's be real. Your job is in part due to the USA economy. Are you sure you want to see their demise?

Poh Ah Pak SG

Are you sure you want to see their demise?

Not demise.

End hegemony, so they don't go and kill people in other countries.

Poh Ah Pak SG

Well, what if they decide to just have a grand coalition?

I accept that.

In fact that is what I am aiming for.

teraexa SG

Not demise.

End hegemony, so they don't go and kill people in other countries.

An abrupt change in hegemony is not in the interests of everyone.

And besides, which country doesn't kill people? It's all about being able to cover up your tracks better than others.

For me, I rather see a multi-polar world than a world dominated by a non-USA superpower.

teraexa SG

I accept that.

In fact that is what I am aiming for.

Well, if there's a grand coaltion, what if members of the opposition decide to collude with the ruling party to maintain high barriers of entry into the Parliament?

Changing a monopoly into an oligopoly isn't the progress we need.

The barriers of entry is still going to be that high. In the end, it will be the people who suffer.

Poh Ah Pak SG

For me, I rather see a multi-polar world than a world dominated by a non-USA superpower.

I support multi-polar world order.

And besides, which country doesn't kill people?

But USA now most aggressive.

Kill people everywhere.

That is why I oppose them.

Poh Ah Pak SG

Well, if there's a grand coaltion, what if members of the opposition decide to collude with the ruling party to maintain high barriers of entry into the Parliament?

Aim for opposition to win GRC first lah.

We must do things step by step.

Cannot rush.

teraexa SG

I support multi-polar world order.

But USA now most aggressive.

Kill people everywhere.

That is why I oppose them.

Now differentiate between the ppl of USA and the USA political system.

Just like you won't want ppl to tar you because of PAP.

teraexa SG

Aim for opposition to win GRC first lah.

We must do things step by step.

Cannot rush.

Win GRC =/= magic pill ah.

Poh Ah Pak SG

Now differentiate between the ppl of USA and the USA political system.

I have.

oldbreadstinks SG

Well, what if they decide to just have a grand coalition? There are so many other countries with such cases.

A opposition in parliament will wake PAP up? No. They will be laughing their arses of if they know that you people think that more opposition = waking them up.

I can give my competitor a 10 per cent stake in my company but he still won't be able to control my company when I have the rest of the 90 per cent. There's no impetus to wake up.

eh haha i guess i'm foolishly hopeful of that, i don't like changes and i'm still hopeful of a PAP govt that works better than the one we have now, but to have a larger opposition, maybe pushed to 30-40% to put some pressure so if they know if anything goes wrong they can be replaced, even if by someone who isn't as good. with more seats.

there's also the likelihood of attracting better people to the opposition compared to what we have now since the situation would make it appear more positive to have a career as a non pap politician. people who can speak up inteligently in the parliament.

teraexa SG

Agree.

However, since we have trouble attracting people to the opposition, let's think about ways to change the PAP internally since that's our best hope now.

There's a reason why the PAP was voted into power in 1959. It was because people saw hope and reason in their platform plus the candidates were worthy. Somehow, throughout the years, they started deviating.

Either we give them an external therapy (more opposition) or the internal method. Since their deviation lowered the possibility of success of external therapy, I guess the internal method is our best hope now.

Poh Ah Pak SG

I guess the internal method is our best hope now.

Must wait how many years for this method to work?

teraexa SG

Must wait how many years for this method to work?

Then how many years do we need to wait for the external method to work? JBJ has been at it for 10+ years, now CSJ made matters worse and it seems like the external method won't work in the near future either.

So we are screwed no matter what, I guess?

Poh Ah Pak SG

So we are screwed no matter what, I guess?

Just vote for WP next election.

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