Steven Devijver
Recent Activity
Steven Devijver commented on Re: What will stop the dollar from falling? on January 8, 2008, 9:10 AM
The biggest pressures on the US dollar value is the ongoing shift of wealth to China, the poor performance on the stock market of the US financial sector titles due to the subprime crisis and the shift of investment capital from US assets to energy related assets, notably oil trading. Btw, the outlooks for the dollar course in 2008 range between $1.35 for 1 EURO to $2 for 1 EURO.
Steven Devijver commented on Alan Dershowitz on Torture on January 8, 2008, 5:53 AM
Citizens of the United States may be under-estimating how their country has been one of the very few sources of hope for people around the world hope in this last century.
Steven Devijver commented on Alan Dershowitz on Torture on January 8, 2008, 5:53 AM
At the end of the second world war, while faced with the most extreme scale of torture and genocide ever witnessed, the United States insisted to give suspected war criminals a fair trial instead of just executing them. Today this upholding of human rights is lost. It makes our world a worse place. The United States has shifted from a beacon of hope to a source of terror and injustice.
There's something wrong with our currencies
Our currencies keep loosing their value. It seems we are all paying an inflation tax. Different kind on inflation (or deflation) forces exist, like productivity, cost of raw materials (driven by supply and demand), and creating new money. The classic case to disprove that our currencies loose its value is to point to the significant drop in the price of electronics and computers. This however is caused by gigantic increases in productivity and decreases in the cost of production and transportation. These counter the decreasing value of our currencies and produce a net decrease in price. If you look at the total amount of interest that is due globally it is clear that this amount can never be repaid with the current money supply. And the total amount of interest due grows steadily every year. Its an exponential growth that seems bound to collapse since it requires perpetual creation of new money. Why does every currency seem to be affected by this inflation, and how can it be fixed? … Read More
January 8, 2008 |
Steven Devijver commented on How should the U.S. reengage with Europe? on January 8, 2008, 9:43 AM
The US-EU relationship is now faced with a problem created during the Bush administration. Since 2001 in EU governments have assisted or stood idle in the face of illegal kidnappings by the CIA. EU citizens want these crimes committed by their governments exposed and prosecuted. Will the next US administration make this possible, or instead prevent it? Expect EU citizens to upset if the US does not open its books on extraordinary renditions, secret CIA flights and secret prisons.