Highway to Success: Resource Depletion
We’re more than seven billion people alive on Earth. Each one of us is responsible for a ton of carbon dioxide billowing its way into the atmosphere per day. It has been scientifically proven that we, humans, are the bane of our mother planet. And if there’s any other threat to the breeding ground that nurtured our existence, it is our creation. But, where should we point the finger at when the Day of Reckoning comes? Mainstream media point it at big developing countries. Nonetheless, my question is “How much of the blame can be ascribed to the developed world?” And after all, will it be helpful at all?
The history of Peru likens a prodigious, baffling puzzle; just like any other fairly complex mystery of the past, several crucial pieces have been nibbled away bit by bit by binding political affairs over the course of history. Personally, school teachers’ crummy clarifications only rendered me befuddled, gawking at the derelict baneful ruins of “what used to be” without any logical explanations for its sudden, screeching halt.
After addressing the historical facts, skimming through perennial books, watching movies and educational videos, and participating in a couple of debates, I have come up with a firm opinion on “what would have happened if the Spanish never conquered Peru.” This post aims to share my thoughts and beliefs with anyone interested in the matter.
In the ancient times there was an Empire governed by the Son of the Sun, who emerged from the Lake Titicaca with the mission of making the hazardous and unrelenting mountains of the Andes thrive. The Inti god, the Inca’s father, gave him a golden rod and told him to walk north towards a brighter future in search of a land where it was possible to plant the rod without difficulty. When he discovered the promised land, he settled down to build the center of what would soon become the Inca Empire, the “navel" of the world; just as the Sun had entrusted him, he founded Cuzco.
"Borrow New and Repay Old" or "Deleveraging"
After many years of managing an economy fundamentally driven by credit-fuelled investment, exports, construction of infrastructure and real estate, China's authorities have decided to transform their investment-propelled economy into a consumption-driven one, as well as to start deleveraging banks in order to avoid a credit crisis that could substantially imperil their economic and financial future.
Although anyone who comes across this website and has a quick glance at the debt chart below could instantaneously conclude that the PBoC doesn’t have a clue about risk management, he or she would be wrong.
And if that person believes in what I said just because it’s on the internet, then he or she would be doubly wrong.
Keep reading and you’ll find out ;)
The year 2013 is going to be remembered for a myriad of reasons. Some investors and speculators may have already sent a “Thank you!” note to the bearded man who made possible the amazing profits experienced by those who decided to buy the S&P 500 at an early stage. However, those who invested in Emerging Markets and precious metals might have had a tough time throughout the year.
Although each one resembles the other, if you have Santa Claus in mind, I'll be sorry to disappoint you. The catalysts were Ben Bernanke and his famous unconventional monetary policy decisions.
The driving factors last year were QE and the "taper tantrum."
I'm glad I did a couple interesting things in my life when I was younger. I'll describe them in this post.
I googled "how to make money on the internet" and paraphrased it a hundred times. All I found was Google Adwords/Adsense-type tips. Naah... I wasn't interested.
However, I also found one CFD webpage which offered a special Toolbar that included links to real-time charts and prices for Gold, Oil, EURUSD and the Dow Jones Industrial Average. Since then, I started checking their prices constantly from time to time.