Dear Reader, Writing from Namibia, it is disheartening to see a superpower, that many see as a saviour of all problems, I don’t, they cannot control their government. I don’t want to mingle into the affairs of the USA, but since the US is doing it, and that its economy is affecting the World Economy, I would like to give some comments on the current affairs. Continue reading here

1. Resources for the Independent Trader Blog
USA Shutdown and Debt-ceiling are
affecting the World
Courtesy:XM.com
Dear Reader,
Writing from Namibia, it is disheartening to see a superpower, that many see as a
saviour of all problems, I don’t, they cannot control their government. I don’t want to
mingle into the affairs of the USA, but since the US is doing it, and that its economy is
affecting the World Economy, I would like to give some comments on the current affairs.
First of all, US, its strategic intention is to maintain and safeguard its hegemony, which
has existed since the end of the Cold War. In 1992, the US Department of Defence
released a report entitled "Prevent the Re-emergence of a New Rival" which stated: "Our
first objective is to prevent the re-emergence of a new rival." After the Obama
administration came to power, this strategic intention has become more intense, as
President Obama stressed, "I do not accept second place for the United States of
America". Therefore, the US has been on a high alert and kept a watchful eye on any
country, which has the potential to challenge its hegemony.
Even, Mr. David Cameron, PM of the UK is seriously worried, how it will hurt his country
and the rest of the world.

2. One aspect of the shutdown and world economy it will hurt because the dollar is main
trading currency. This should change, but are there alternatives? One solution is that
country-to-country trade the said currencies should be used as transaction, like the Yuan
and yen. Trade between the BRICS countries could either be using a BRICS currency,
which non- BRICS countries could use, or the said currencies between BRICS countries.
In the long run it will give more value to countries’ currencies.
Gold is another option. It will give it its past value. The question is if there enough gold
supply to support such a move?
Coming back to the reasons for the shutdown:
There is so far no end in sight to the shutdown as both Republicans and Democrats have
not made serious talks to break the standoff. The House GOP efforts to fund some parts
of the government were rejected on Tuesday night. Fears are rising that the funding
deadlock could stretch into a debt-limit fight.
1. OBAMACARE
I cannot see why people don't want other people to have affordable health care.
Knowing with a chronic disease (RSD/CRPS), without an affordable health Insurance, I
would have suffered even more. It will help small business owners as well as their
employees. It is a matter of die, you’re not worth living. The pharmaceutical companies
have definite as a say in this anti-OBAMACARE.
They will have to lower their prices. Where will the millions of bonuses be taken from?
Fire more employees.
2. The debt ceiling
The idea of a debt ceiling to be able to pay the government bills, as Mr. Obama said in
his speech, is not totally negativism, but spending cuts are necessary like every business
and household. Stop defence spending by stop mingling in other countries' affairs.
However, there is a problem the USA must use their weapons, and what will happen to
the big defence contractors?
Stop giving aid to developing countries, like Namibia, it just makes them dependent, and
not self-sufficient, and start paying the full price of products' worth. Commodities should
only be import as value-added products, and then they won't need aid.
Yes, there are solutions to the problem, if the USA start changing it’s Elections system.
Are the voices of the people really of value? I don’t think so, looking at the current
impasse. The collegiate system is in any case very complicated and open to fraud, and it
seems that it happened before, and the 2-party-system is not really democracy. Harsh
words, but it is time that the world stands up and say, “ENOUGH IS ENOUGH”. The USA
should start acting by looking more towards its own citizens, and start treating all
countries equally. It includes all rich nations.
To all traders: Currently, the markets around the world are hurting (However, the
Stock exchanges are fairing better this morning), but I believe chaos brings
opportunities. You must utilise the trends to make a profit in your trading. Global stock
markets 'may face volatility, depends on how long the shutdown will last.

3. Example of an opportunity: THE Australian dollar rose as the US dollar fell against most
currencies on the realisation that the government shutdown in Washington may not be
short-lived.
In short, a government shutdown in itself is not that critical to the overall economy. It is
not slated to do much more to the stock market than shave a couple of percentage
points off the YTD gain. But it does add an element of uncertainty to the already fragile
trading environment. And it is only the beginning of more messiness ahead: the Fed’s
possible tapering, a possible S&P downgrade (again), and a highly unlikely but still
worrisome (that it is even a possibility) debt default. The last time those last two things
loomed large, the Dow tumbled 14%. It took 5 months to get it back.
I hope this will trigger a valuable and lively debate.
“Have a peaceful, purposeful, happy and profitable day”
Pierre A Pienaar
Xcelwealth Store - Business & Investing
-----
I retired in 2011 from trading and business.
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