US version of globalization will die with death of dollar.

US version of globalization will die with the death of the dollar as , we slowly head to currency chaos and new trading blocs forming.

Kelly Pavlik -pulls out of November 13 fight

Kelly Pavlik my one of my favorite fighters has pulled out of his November 13 2010, comeback fight to be fought on the undercard of the Manny Pacquiao vs Antonio Margarito under card that will be held at Cowboy Stadium in Arlington Texas.
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Kelly Pavlik one of the most exciting fighters to come out of the USA in years has been battling injuries and it appears personal problems since winning and then losing his Middle Weight title.
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Lots of Rumors of alcohol abuse swirling around Pavlik . Just breaks my heart and can only hope the guy can get his act together first of all for his sake and then for his fans.
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Pavlik fights out of Youngstown Ohio same city as another of my all time favorites, Ray "boom boom" Mancini.

My three canaries in a coal mine

1- UK drops pound and starts using Euro
Would mean UK has left the US orbit and US has lost key ally.

2-Oil priced in something other than dollars.


3-Taiwan integrates much closer to China.

U.S. Dollar in extreme danger..

Today the United States Federal Reserve Bank put forth it’s QE2 plan. Called quantitative easing or printing money if you like.
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We are probably witnessing death of US dollar as the worlds reserve currency as the U.S. goes to printing money to save it’s economy instead of smart trade and financial policies.
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The only thing that could change this is war with China or collapse of China other than that the US dollar is on the way out as the worlds reserve currency.
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I actually hope I am wrong on this count.
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Below is part of a main stream media article about this.
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The Fed announced a plan to buy $600 billion in government debt, aimed at driving already low long-term interest rates even lower. The central bank would buy the debt in chunks of $75 billion a month through June of next year.

Economists call it "quantitative easing." The latest package gets the name "QE2" -- like the ship -- because it's the second round. The Fed spent about $1.7 trillion from 2008 to earlier this year to take bonds off the hands of banks and stabilize them.

Here's how it's supposed to work this time: The Fed buys Treasury bonds from banks, providing them cash to lend to customers. Buying so many bonds also lowers interest rates because demand for Treasurys leads to higher prices and lower yields. Interest rates on consumer loans are tied to Treasury yields. Lower rates entice people to take out a mortgage or another loan.

At the same time, lower interest rates make relatively safe investments like bonds and cash less appealing, so companies and investors take the cash and buy equipment or other investments, like stocks. The S&P 500 takes off and Americans celebrate with a shopping spree. Businesses see a rise in sales and begin hiring again, and a virtuous cycle of more spending and more hiring ensues.

Maybe the numbers don't matter-One possible perspective

This is not the perspective I agree with but it is a possible version of the reality around us.
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Maybe deficits and such really don't matter when it comes to the US Government.
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Maybe the only thing that matters is the control of key commodities such as oil.
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Control of key technologies as far as weapon systems and commerce go.
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Having the strongest military in the world that can bend reality pretty much any way it wants.
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After those elements of power discussed are under control, the issue of the money is irrelevant and can be easily manipulated through a variety of means.
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It's Kind of like when Pulitzer prize journalist Ron Suskind was told by by a George W Bush aide in 2002.

"We're an empire now, and when we act, we create our own reality. And while you're studying that reality -- judiciously, as you will -- we'll act again, creating other new realities, which you can study too, and that's how things will sort out. We're history's actors . . . and you, all of you, will be left to just study what we do."

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Now me personally I don't like this type of attitude because I think it is arrogant and leads to the underestimation of of ones opponents and obstacles but I can see why someone might have this point of view.

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in a later blog I will put forth the counter argument to this one I just put forth.

The Art of Peace...

Almost like the title of the famous book by Sun Tzu named the art of war, I have been trying to do the Art of Peace in my life, meaning getting along with other people as I go about my daily tasks and adventures. Doesn't mean being passive it just means obtaining my objectives of the day with as little friction and conflict as possible.
I am not perfect at it and it isn't easy but I do have the word sorry in my vocabulary which I do have to occasionally use and is quite helpful in setting right my personal relations with others.
I am trying to embrace my life here in the United States as an incredible opportunity and make the very best of it I can.
I took my first Yoga class in my life yesterday really feels to have energized my body.

Just finished a grueling week of work and school

I have a B grade at my midterm, in database programming which is a good thing. Programming is not really my forte but I have taken a few classes in this area and have received passing grades.I received an A grade in the Perl scripting language and a B grade in the Java programming language which doesn't mean I know what the heck is really going on with these languages.
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I still have a job which is a good thing.
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I think the economy is on the upswing for the moment.
I think the economy has enough momentum in it that the retailers in the US will have a decent Christmas.
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As far as near term directions of things go, being as I live in the USA, I would say things are in a holding pattern until after the November elections.