The United States FICO score...

We have purged out some global economic results through watching the unfolding of the crisis throughout the world.

It seems the most powerful participant in the economic arena is the USA. Whether this is liked or not it is the case and has been exemplified with the global situation. It seems to have now been exposed that as the United States stays afloat so does the rest of the world. Ever since the Nixon Administration took the U.S. off the Gold standard and made the dollar the world currency it created a global safety net for the U.S. It is at the very least the means to which the other currencies of the world now are obliged to value their base.

The economic power mongers knew what they were planning at that time, and knew the stability it would create for the United States, and knew it was a ripe time to make that switch in order to guarantee the U.S. dominance in both monetary and military positions.

What we are now beginning to see is the global political pressures mounting due to the balance, or rather known imbalance, of the monetary pressures and the military pressures meeting halfway.

It would be best for the United States to get its financial obligations more in line in order for this imbalance of power to strengthen itself globally again. The respect of position is being lost in the fact that the United States is so heavily debt laden to other nations. The military strength is respected, but the power economically has been lost. We have seen emerging markets, like China and India, begin to create their own individual stability that could be overtaking the imbalance of economic power that the U.S. has held for the past 35 years since the removal of the gold standard. As long as the U.S. continues to be a debtor nation it will reduce its economic power throughout the world and it will become a necessity for the country to rely on military might and pressure to other nations rather than policy and economic partnerships.

As America has been held as the de-facto leader in the global arena, the other countries will not continue to allow this position to be held when the emerging power of another country, based on the debt America has to that country, could cause such economic uncertainty if the country began to sell of its dollars.

China holds the power to do just that. We are witnessing that the power of economic uncertainty is much more dynamic than that of military power and the current most powerful weapon in China's possession. The position that the U.S. continues to hold is if there become a military confrontation it might dismiss its monetary debt.
This would have China lose on both fronts if this were to occur. Whether China would play the sell card is not yet clear, although given the economic uncertainty of our time we may find out shortly. It seems, yet at this time, that the rest of the world still seems dependent on the economic health of America.

It may just be, through this economic crisis, that the U.S. may become the world de-facto leader simply based on the economics of the international interrelations and monetary policies that have become so inbred into today's debtor type of capitalistic society.

Being heralded as and being able to substantiate the claim of de-facto world leader are two different things. Global leadership has reached a tipping point in international politics today. The power players of old have shown that they are incapable of creating this position due to their greed and incompetence and our policies and power players must now change in order for the global transformation of community can be accomplished.

It stems from the fact of entitlement that America has come to own. People in America, and it starts from the examples sitting in the White House, feel that the world must work around the thoughts and ideals of the United States. This may not be altogether true as we are beginning to see today. We must earn the global respect once again, and not assume the de-facto power position, as we are finding the precariousness of that position.

We are seeing through the opinions of other countries and their desire for a major political change that Obama is the desired person at this opportune moment in history to begin to create the necessary changes that we must have globally. Through the global respect of new vision and policies can the other countries begin to fall back in line to the economic leadership of the United States.

We must begin to re-establish ourselves as the leader of the world in policy and monetary stability rather than simply demanding respect through military power. This type of international policy will find its demise to this country if there becomes a global uprise to the current means of global policy that we have experienced over these past eight years.

It is quite simple really, the FICO score of the United States has fallen dramatically in the past eight years. If we are unable to maintain our debt and reduce our debt other nations will reach a point, just as we are seeing banks globally reach a point, to not lend money to those with low FICO scores...






(c)Copyright 2008 Doug Boggs