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  • Branden Garbin 3:25 am on February 29, 2016 Permalink |  

    The madison reading was very interesting. one thing that i found that was extremely surprising was the sheer tonnage of gold and silver that the Spanish empire was shipping. From what i could grasp from the reading the Spanish empire was the first true global trade parter. using the mass amounts of silver and gold to fund its trade with china and the rest of Asia to get silks and spices. Comparatively America is what Spain was in the sixteenth century. This reading got me thinking and looking into modern day commodity trading and how OPEC is trying to put a freeze on there oil to drive up prices.

     
  • Branden Garbin 6:57 pm on February 28, 2016 Permalink |  

    The essay of “the new second world” was very refreshing for me because it rehashed and re familiarized some of the things i learned in high school. The information about BRIC and the Emerging markets was very interesting. however the passage about Goldman Sachs arguing over the idea of the emerging markets gaining a foothold and actually surpassing current industrialized nations was very worrisome. It got me thinking and researching the subject and how America as the worlds dominant economic force needs to get out of this economic stagnation. Even though it is easier to have a large growth rate when you are industrializing vs being industrialized. I think American needs to invest more in research and development, and education in general to compete with the rest of the world.

     
  • Branden Garbin 6:46 pm on February 28, 2016 Permalink |  

    I found the essay; “Development, imperialism and debt bombs” was extremely fascinating. The debt traps of loans for third world nations was extremely eye opening. the example of the fake nation of lukistan was surprising but summed up the situation perfectly. the idea of how there currency is deflated while there percentage of government debt skyrockets to an unrealistic rate puts them into a debt trap that allows them to spend less money on governmental services is a crazy reality i was not previously aware of. Makes me think about how many countries current and failed states where something like this has happened.

     
    • tatef 2:46 am on February 29, 2016 Permalink | Log in to Reply

      That struck me as well. A few other people posted about how emerging markets can catch up to first world countries and what we need to do to stay ahead. It seems like this is one of the ways we are stacking the deck against other countries to keep ourselves ahead. I don’t think there’s a secret group of economists twirling their mustaches and plotting how to screw other people over but it doesn’t look like we are helping at all.

    • Michael Ruben 5:29 pm on March 16, 2016 Permalink | Log in to Reply

      This was an eye-opener for me too. Many years ago I saw a documentary on Jamaica and how they use loans to pay off other loans. Jamaican milk farms went out of business and simply poured their milk into the street when the US began shipping dehydrated milk into the country, which was cheaper. Even fruits, like bananas, are imported.

  • Branden Garbin 10:03 pm on February 18, 2016 Permalink |
    Tags: Emerging Markets   

    In the Culture, Markets, and Economic Systems essay i found the most informative and intriguing part was the talk about the advantages and challenges of emerging markets. It opened up new doors for my understanding of how emerging markets can grow at faster rates than well developed nations. Applying this information to my current knowledge on global markets got me thinking about the current fiscal stability of china. Gives me a new outlook on how they are catching up to the industrialized world and how there current growth rate will be from my perspective slowing down in the near future.

     
  • Branden Garbin 11:51 pm on February 7, 2016 Permalink |  

    A bit of a current event i wanted to discus is the continual drop in the price of oil. I personally love paying less at the pump but the drop in oil is not good on all fronts. An example would be a free fall of certain stocks on the New York Stock Exchange. The drop in oil is not only harming america but countries across the globe. Here is a URL to an interesting article i found that helps explain the global effect of the drop in oil.
    http://www.bbc.com/news/business-29643612

     
  • Branden Garbin 11:41 pm on February 7, 2016 Permalink |  

    I thought the idea that there is no true starting point for economics in the Roadmap from Division to 1 Planet was very accurate. Reading through that was a good brush up on some acronyms and ideas i had previously forgotten about. Such as BRIC and common economic influences and systems. I did learn from the reading assignment that there was a reform in the definition of second world nations after the fall of the soviet union.

     
  • Branden Garbin 11:20 pm on February 7, 2016 Permalink |  

    Discussion 

    I am a bit conservative and and an active political advocate. I thought it would be interesting to discuss others thoughts on how the Iranian nuclear deal would impact economic relations with Iran and the U.S. For example what are your thought on how sanctions would effect the Iranian economy if the deal is not upheld? How does this deal effect the oil industry in there country as well as its effect on the global economy?

     
  • Branden Garbin 11:13 pm on February 7, 2016 Permalink |  

    In the madison readings i found it extremely interesting that china had more wealth than western Europe for an extremely long period of time. Considering there Confucius beliefs closing off there borders and not rely on trade with foreign partners. Learning new economic perspectives is an extremely fascinating thing. connecting the history of a country or region to an economic perspective gives a more in-depth story to how states rise and fall.

     
  • Branden Garbin 10:55 pm on January 24, 2016 Permalink |  

    Hey everyone, I am fascinated by other cultures and there relations to the united states. I also find macro economics very interesting. So my ultimate gone for this corse is to further my knowledge on how tide together global economics truly is. To help further my understanding of other cultures in relation to our own from a purely fiscal perspective. I am very exited to see what i will get out of this course and working with all of you. To give you all a little information about me I’m 19 work 50 hours a week and i want to become a U.S senator. This will be a fun year and I’m looking forward to what is to come.

     
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