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For instance, the Fed hiked at the end of the 60s, when the Vietnam War was in full swing and the military-industrial complex was making billions with the war economy going full tilt. However, with the end of Bretton Woods and the dollars peg to goldand the U.S.-Saudi alliance in the 70s, the petrodollar was born. The Iran hostage crisis had occurred at the end of Carters administration and ended with the election of Reagan. By the 1980s, the price of gold had risen some 300% from its 1970s high of $200 per ounce. Throughout the 80s and 90s, gold would ride a channel around $400 before dipping prior to a stratospheric launch in the 200s to more than $1800. All of this was courtesy of the inflationary practices of the Feds interest rate manipulation practices, bond bubble, its money printing (devaluation of the…
U.S. ECONOMIC PERFORMANCES IN THE PAST 5 YEARS U.S Economic Performance in the past 5 years Major indicator of healthy state of an economy is the real Gross Domestic Product (GDP) growth rate. The GDP growth rate reveals the performances of an economy. United States is one of the richest country in the world and "has the largest gross domestic product (GDP) in the world." (Jabir, 2009 P. 3171). The country total
U.S. Economy Evaluating the current state of the United States economy Although many are of the opinion that the recession that the globe was forced into in 2008 is finally uplifting and signs of economic revival can be witnessed. The resulting high levels of debt and unemployment from the recession had dragged many countries, especially the United States in to a state of economic turmoil. In order to reverse the effect
U.S. Automotive Industry Chosen industry: automotive industry is the focus of this analysis. More emphasizes are made on the large -- scale automobile manufacturers. This is because of the inherently interesting industry as a result it being competitive and projected to go through a major restructuring due to globalization in the near days to come. The issue of decreasing oil reserves is the other reason that is going to trigger this
I therefore believe that, the U.S. president should have his hands to steer this aspect by balancing interest rates as well as inflation. When inflation increases, interest rates should also increase to discourage borrowing. The other significant argument is by Kathy Lee that the U.S. president should raise taxes while reduce government spending. The U.S. government should increase tax to encourage the citizens of U.S. with enough money from businesses
In most countries, a rise in debt would have a series of economic consequences leading to the devaluation of the currency and a return to an equilibrium. This has not happened with the U.S. dollar because of a unique externality -- its role as the world's currency. However, that role itself dependent on a number of factors, including but not limited to domestic resources stocks, strong legal and political
Hillary Clinton proposes that every American should be required have coverage, as most health care analysts agree that mandated coverage is necessary, so that the care and contribution of the healthy can effectively balance out the care of the sick. Obama would not require individuals to have coverage, merely require all children to have health insurance, and require employers to offer employee health benefits or contribute to the cost