Re: What will stop the dollar from falling?
Currency values are based on emotions of speculators. There are no rules as in physics or chemistry. There are no measures of currency quantities that determine a rise or fall.
The euro involves great debts and deficits -- some much worse than for dollars. So too for the yen, which is the currency of a nation totally devoid of resources.
Dollars have fallen because of emotions.
To stop the fall, emotions have to improve re America, or the entire world has to move towards a rational single world currency. If we imagined a single world currency, it would be massing up inside countries with a favorable trade balance. They could use their amassing quantities of money to buy things or to hoard.
That would demonstrate what happens when a nation sells more than it buys.
Right now, some speculators bid up currencies based on imagining and measuring each country's outflow and inflow. The outlook for dollars and euros is bleak, but euros rise anyway. The real mystery is the rise of euros.
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The 21st century is experiencing an Asianization of politics, business, and culture.
- Our theories about the world, even about history or the geopolitics of the present, tend to be shaped by Anglo perspectives of the Western industrial democracies, particularly those in the United States and the United Kingdom.
- The West, however, is not united. Canada, for instance, acts in many ways that are not in line with American or British policies, particularly in regard to populism. Even if it were united, though, it would not represent most of the world's population.
- European ideas, such as parliamentary democracy and civil service, spread across the world in the 19th century. In the 20th century, American values such as entrepreneurialism went global. In the 21st century, however, what we're seeing now is an Asianization — an Asian confidence that they can determine their own political systems, their own models, and adapt to their own circumstances.
They didn't know it, but the rituals of Iron Age Scandinavians turned their iron into steel.
- Iron Age Scandinavians only had access to poor quality iron, which put them at a tactical disadvantage against their neighbors.
- To strengthen their swords, smiths used the bones of their dead ancestors and animals, hoping to transfer the spirit into their blades.
- They couldn't have known that in so doing, they actually were forging a rudimentary form of steel.
Can sensitive coral reefs survive another human generation?
- Coral reefs may not be able to survive another human decade because of the environmental stress we have placed on them, says author David Wallace-Wells. He posits that without meaningful changes to policies, the trend of them dying out, even in light of recent advances, will continue.
- The World Wildlife Fund says that 60 percent of all vertebrate mammals have died since just 1970. On top of this, recent studies suggest that insect populations may have fallen by as much as 75 percent over the last few decades.
- If it were not for our oceans, the planet would probably be already several degrees warmer than it is today due to the emissions we've expelled into the atmosphere.
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