經濟,財務,統計學,數理科學與政治評論

My Dear American Fellows:

  It is the time to act but not to setback anymore. Make up your mind what kind of the world you want to have and what kind of path you wan to walk through. All is up to you but no one else. We need a better world and the one can make a huge contribution is Americans. You have changed the world as your wish. A lot of countries use US dollars as their reserves and their currencies are all the shadow derivatives of US dollars in some sense unless they have huge Gold reserves or something else. So if the US dollar loses its purchasing power or if we can not count on US consumers to buy or absorb the world productions, it is sure a disaster for the developing world. On the other hand, if US dollar goes to the notorious non-democratic nations, how can we resolve or stop them using the greenback to fight against American fellows? It is also a big issue. Now as Mr. Bernanke has mentioned in his own masterpiece for the solution to the Japan's contraction or deflation, the only way seems to have a depreciating currency and Americans should reduce its burden for the world products consumption but try to increase the output of its own products. Try to balance its own balance sheet through the trade, especially export instead of import. But it comes to the other issue that how those countries depend on American consumers can do. How do we survive without American consumption?? I have no idea and I am afraid that I will not have one for my lifetime.

  So what is the compromise between those issues? Is the Dodd-Frank act really that good and can be used to resolve all those questions all at once. Or we should use the method of divide-and-conquer to solve it little by little instead of that much and that profound. It is a question about the leadership and decision making. I guess as an analyst, I have no rights to answer that.

  *unfinished