Can The United States Reverse Her Dire Economic Conditions By Building Up Tomorrow Infrastructures?

In the video right after the break, Mr. H. “Woody” Brock speaks a lot about how United States can get back on track to a more productive future.  I think he makes a lot of sense in the video.  In the video he argues that nowadays United States cannot upset the bond market, because United States relies on the bond market to generate money.  With a benign bond market, the cost of borrowing money will not be high (low interest rate) and the borrowing won’t be hard to do so.  Nonetheless, when the bond market begins to doubt that the United States can ever pay back the debts, that is when the cost of borrowing money will be really high and devastated to the future of the country.  Mr. H. “Woody” Brock argues that since the United States has to borrow more money to keep things in order, she has no choice but to be smarter about how she would go about and use the borrowed money.  If using the borrowed money unproductively, the economy will continue to get worse and the borrow cost will go higher until everything gets unsustainable.  He argues that if the country uses the money that she borrows from the foreign entities or entities within wisely, one example would be spending on fixing and building infrastructures that the country needs most, job creation might not be such a tough challenge.  When jobs get created, he infers that there might be hope for the country in dealing with her massive deficits.

Afterthought:  The things that Mr. H. “Woody” Brock suggest in the video might not be the things that definitely get United States out of the world of hurt, but the things he talks of are of common sense.  I think Mr. H. “Woody” Brock might be right about what United States needs to do to reverse some of her economic bad lucks.  Then again, what do I know?


Old Men Talk World Economy, I Like It!


Economy (Photo credit: CassadeyFedel)

When people often talk about world economy, polarized elements of politics tend to creep into the talk and demand something to be politicized.  This often creates angst among the participants of the talk.  Furthermore, a participant which is against or for the political point of view will definitely not compromise his or her position on the matter, therefore nothing will be resolved or be persuaded.  This is why I often hate to listen only to one side of the story or politicize anything, because it’s a lot easier for me to just sit back and do the listening and watching of whatever that is being politicized, whether such a matter is deserving such a merit or not is another story altogether.  With this in mind though, matters such as world economy that are highly politicized and being debated often cannot be left out of whatever political talk easily even if one does not want to touch the political side of the matters.  Perhaps, these matters are so important to the livelihood of each earthly citizen.  (Or in another way to put this, “It’s the economy, stupid!”)

Even more now than ever before, matters such as the world economy or an economy which is important to the world are evermore very much the concerns of each earthly citizen or I should say the citizen of the world.  How come?  To say the least, besides economic policies, technology matters!  You might think I’ve digressed, but perhaps I just have done so by a little bit.  How so that technology matters when we’re talking about economics?  Continuing below…

The world of today has become so small in term of how we’re able to communicate so clearly and so effectively even though there are oceans that separate several continents.  Technology has allowed and will improve and will continue to allow information, transportations, and other technological important mediums to flow across the world effectively unless a country’s government is hampering these opportunities, therefore the information age and several other obvious technologies such as advanced transportations are now effectively shrinking the world to a point of obvious (i.e., small).  In short, the advancing of technology helps make globalization realizes easier.

With advanced developments in technology in general, whether the progress is made in the information or transportation or whatever technological sector, the positive progresses of these developments have had effectively changed how the world of today is operating.  Furthermore, these so called positive progresses in technology effectively change the economic progress and general attitude of each country and the citizens of a particular country and the world.  I have to say though, these positive progresses of technology might be viewed as negative effects for parts of the world, because several parts of the world see their economy declines and correlate that progresses have been made in technology but citizen livelihoods have not been improved.  Perhaps, technology in general is just a tool among the tools in a tool box?  Should the reform of economic policy and other policies might make more sense in the argument of bad economics?

In a sense, the main point I want to make within this blog post is that it’s very hard to not politicize matters such as the economy of a country or the economy of the world in general, but with effort one can at least try to make it’s a friendly debate when such a topic would arise.  Specifically though for this blog post, I want to emphasize on why economy matters.  After all, economy matters a lot as it is the lifeblood of the livelihood of the citizens that are being supported by a particular economy.

It’s easy to say that economy matters, but do we really understand why there are so many bad economies have came to light and will come to light in our time?  And this to be said is not to compare with other times of our complete history, whether our history is complete or not is another story altogether.  Of course, I’m not an expert on the economy matters at all, therefore I like to embed some very interesting videos which may be able to spill some light onto our contemporary economic matters.  If you enjoy watching old men talking about economic matters, then by all means the videos right after the break might be somethings that you are going to be pleased with.  Enjoy them videos!!!

Somewhere In The World: Greece Economic Crisis Worsening? How About Europe?

What about Europe as a whole?