User:Maximfields

Maxim Fields - We Believe the Economic Tide is Changing

I am not an economist, though I watch closely the ebb and flow of currency, trading, balance of wealth, transfers of gold, and so much more. I watch from a distance, concerned not one bit about the future but rather how that future will affect the poor, needy, elderly, and youth. I could take a pessimistic view and consider the lack of liquidity in the world economies (overall) and be concerned that job levels will never fulfill expectations of fulfilling previous levels in most industrialized nations but I cannot afford such a view.

This leads me to believe that the economic tide is changing for the better in spite of warning signs of weaknesses in economies of the G7 members. After all, China is still growing, right? Wrong! The truth be told we do not really know how deep the deception goes. Can anyone believe that the lose of hundreds of billions of dollars in purchasing power of the world's largest consumer of goods (the United States) has not negatively impacted China? It has but you will never know just how deeply.

The impact of the devaluation of the US currency is but a slight reminder of the fragile nature of world economics. Some countries no longer use the dollar as a medium for equal exchange. And most everyone is truly concerned. What will 2011 bring to the world? The water's surface seems quiet enough but the undercurrents are like riptides. We are melting into a universal economic quagmire. Expect more of the same: temporary increase in US GNP, increase in gold accumulation, increase in rivalries in the EU, increase in overall discomfort on the world stage. But fortunately humanity will find a way out or a way up.

I suggest that each of us find our little spot of solitude and then discover gratitude for being able to live to see another day, to eat our bread in peace, and the thank God for the sunshine.

MXM