Tuesday, June 16, 2009

BRIC Group Unite, New Currency Needed

Russian President Dmitry Medvedev, speaking for the BRIC group on Tuesday, said that there needs to be a new reserve currency. Having made mention of this idea in previous statements, choosing to do it in a much larger capacity has a greater impact to further the agenda.

Hosting four of the largest emerging economies, the BRIC group, Brazil, Russia, India and China, announcing that a new reserve currency is needed undermines the ability of America continuing the superpower legacy.

For countries to unite and denounce the power and strength of the dollar, is an under-the-table attack at the world's superpower, the United States.

Some may argue that it is time to "de-value" the dollor on a global scale. After all, China is funding the largest portion of the debt of the US. China also claims some $2 trillion dollars in reserves.

The three other countries of BRIC, have also shown their worth in todays growing global economy.


Monday, June 15, 2009

North Korea Flirts With Danger

For the past few months, North Korea has defied all, and chose to flirt with danger. They have tested short-range missles, long-range missles, and most of all, nuclear weapons. So what could be made from this?

First things first, Kim Jong-il will fnd any way to flex them ancient issue muscles of his any which way he can. Some may see his flexing as a way to sell his technology to other countries, such as Iran. Who would have ever thought that one could use the nightly news as a way to deliver their infomercial pitch?

Another way to flex those shrivled-up masses could be viewed to pave the way for his successor, Kim Jong-Un. If this was the case, it would set up Jong-Un to continue the regime of terror, without any hope for reform. Reform so desperately needed by the people of North Korea.

With all of that being said, what is the next step for the suffering people of North Korea? The mass of weight would fall on China to pressure the unstable regime in North Korea. How do we do that? Excellent question considering we are at the mercy of China ourselves. We screwed ourselves when we got on our knees to China and asked for trillions of dollars to bail out the nation. It seems that all we can do is sit back and watch.

But what about those who say we should strategically shoot down certain sites and missles in North Korea? Does that really sound all that smart? Cause more turmoil in an already suffering peninsula? Wouldn't it just be easier to shoot our own feet?

In reality, it seems that the only real hope for the people of North Korea would be in Kim Jong-Un. He must be the one to change the course. He must be the one to help his people.


Tuesday, June 9, 2009

Terrorists Attack Luxury Pakistani Hotel

A week after Taliban leaders warned of coming attacks in populated cities, terrorists blast the Pearl Continental Hotel in Peshawar, Pakistan. Striking at 10 p.m., the suicide bombers hit while the nightlife is still awake killing at least 11 people and injuring some 70 plus others.

While no one has yet to stake claim of the terrorist act, many claim Taliban responsibility.

The BBC reports witnesses state that three men in a truck approached the main gate and opened fire before pressing through the gate only to blow up when getting close enough to the hotel.

Shafqatullah Malik, a senior police officer, estimates the bomb had more than half a ton of explosives.

The UN secretary-general, Ban Ki-Moon condemned "in the strongest possible terms today's terrorist attack."