Since the twin towers well fell, there has been talk of unseating the US dollar as the reserve currency. With the election of Syriza, a far-left populist party led by Alexis Tsipras, and Mr Tsipras’ swearing in as prime minister,the Euro as a currency is a tenuous proposition.
China has managed to furl the Umbrella Revolution by being more patient and resilient than the Hong Kongers, but the central Committee recently announced target growth of 7.x% – China has grown at above 7.6 since 1999, and we have to go back to 1990 to drop below 7.6%. A component of China’s falling GDP separate from the general world slowdown is the crackdown on corruption and curtailing of the pendant cash bonanza.
Taking the rest of the BRIC countries in reverse, India and Brazil are also focused on domestic housekeeping and anticorruption. Russia is, well, the Ukraine – I actually don’t know what the technical term is …. state-sponsored insurgency? – the Russian-sponsored insurgency in Ukraine is intensifying.
To be perfectly honest, its not the economy, stupid. It’s the people in charge of the government.
And its been a good long while since there was general consensus on that point.
The next time somebody utters “I don’t vote because it doesn’t matter” or similar, I sincerely hope you point out how complacent attitudes like that enable the people in charge of our government to keep being the people in charge of our government. We’re about to be besieged by contenders yelling loudly that they’ll be the best President. Yell back.
Follow Knolan at @LawOfDucats and listen to his full report on this week’s David Dorer Show