User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday August 19, 2008 - 20:13:59 GMT
Foreign Exchange Analytics -

Share This Story:
| | Email

Forex Blog - Who is Kidding Whom?

Who is Kidding Whom?

If the US is anything in its history it is naive.  Sometimes being naive helps and sometimes it hurts.  It helps when problems that it confronts would never even be attempted to be solved by a more cynical society – Britain comes to mind.  On the other hand it hurts when one views growth in say China as not a threat to the US in as much as this line of thinking leads to complacency.  In other words as China grows there are only winners, here and there. 

Well one look at what China has done in the Olympics this year should leave most observers nervous about the potential for this society to apply the same determination to science and technology. Is it any wonder that China wants to have people on the moon by 2020?  How long before the next Bill Gates is from China and lives there too? 

I am not making an argument against globalization nor am I making a case for isolationist policies.  What I am saying is that China’s economic expansion (will double the size of the US economy in 20 years using conservative growth modeling) is indeed a threat to the US.  With economic growth will come political (economic, social and military) clout, even if not one-for-one with economic might.  In 20 years it is safe to assume, I think, that China’s political influence globally will be a third more than it is today…and this means a loss of political influence elsewhere like in the USit is a zero sum game.   in as much as our political leadership thinks and states (see US Treasury Secretary Paulson today) that China’s growth is not a threat to the US and this is one of the highest forms of naivete and breeds complacency. 

This is not a call to arms against China, but a call to arms against US complacency.  We are too comfortable, too naive and too much of everything for our own good.  We are giving away the future.  Instead of telling the world and US public we have nothing to fear from China’s rise to an economic and political heavyweight, Paulson  and just about everyone else in Washington would be doing us a greater  service by addressing the very issues that will take the US down the road of all former world powers and empires. 

China is going to do what China is going to do.  That is a reality.  What then is the US going to do about its future with a decrepit infrastructure (try driving around New York City and see if your car survives the potholes…this is the nation’s premier city too).  Or see what is going on in public schools…it is a baby sitting service for all but the gifted and talented, and special needs kids…we have an educational system catering to the tails of the distribution.  China and India eat our lunch when it comes to public schools (surely many in rural China and India never get to a public school…we’ve got that going for us). 

If the Olympics are not opening your eyes to how much at risk the US is of falling into insignificance, then have a look at the last two weeks in the Caucasus where Russia put down an effort by Georgia, a US ally, to squash independence movement in the breakaway Georgian republic of South Ossetia.  Saakashvili, the President of Georgia, thought his back was covered by his buddy in the White House.  What a gross miscalculation.  What Putin and Medvedev correctly banked on was the US is in no position to prevent Russia from storming right into Tbilisi if it so desired and leaving Secretary Rice threatening the expulsion of Russia from G8.  It is laughable. 

And if still not convinced look at US influence in Iran…who is kidding whom?  What influence? 

North Korea’s demolishing of its two-decade old decommissioned reactor was worthy of a scene from South Park.  And North Korea gets removed from the Axis of Evil list which Kim is surely happy with as his pipeline for Hollywood movies and designer sunglasses is reopened.

If you think this is a polemic against Republicans in power well it is not.  Pelosi and Reid bear responsibility as well.  Leadership is leadership.  Congress is empowered.

The good news is that the US economy is heading down the toilet and we will be in a new New Deal world in 2009.  A decade of government spending on infrastructure to make jobs and strengthen the economy’s backbone, and avoiding bridges to nowhere, could in time reduce the future gap between the US and China and allow for more if somewhat reduced global political influence in another 20 years. 

China is right to invest in its future while the US is wrong to spend on its past.  If nothing changes in US policies to address the infrastructure gap, China’s success at the 2008 Olympics is the tip of the iceberg.  Sorry Hank but I find your complacency very troublesome.

David Gilmore


Forex Trading News

Forex Research

Daily Forex Market News
Forex news reports can be found on the forex research headlines page below. Here you will find real-time forex market news reports provided by respected contributors of currency trading information. Daily forex market news, weekly forex research and monthly forex news features can be found here.

Forex News
Real-time forex market news reports and features providing other currency trading information can be accessed by clicking on any of the headlines below. At the top of the forex blog page you will find the latest forex trading information. Scroll down the page if you are looking for less recent currency trading information. Scroll to the bottom of fx blog headlines and click on the link for past reports on forex. Currency world news reports from previous years can be found on the left sidebar under "FX Archives."

Actionable trading levels delivered to YOUR charts in real-time.

Register To Test Your Amazing Trader

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Tue 17 July 2018
AA 08:30 GB- Employment
A 13:15 US- Industrial Production
AA 14:00 US-Powell Testimony
Wed 18 July 2018
AA 08:30 GB- CPI
A 12:30 US- Housing Starts/Permits
AA 14:00 US-Powell Testimony
Thu 19 July 2018
AA 1:30 AU- Employment
AA 08:30 GB- Retail Sales
A 14:30 US- EIA Crude
A 12:30 US- Weekly Jobless
Fri 20 Jun 2018
A 12:30 CA- CPI/Retail Sales

John M. Bland, MBA
co-founding Partner,

Global-View Affiliate Program

We are starting an affiliate program to market some of our products.

Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.

Put the word "affiliate" in the email subject line.

Contact us

Start trading with forex broker Markets Cube

Max McKegg's Daily Forex Trading Forecasts

Veteran FX Trader, Max McKegg, forecasts all the Major currencies and the Australasians; providing Daily and Medium Term Trading forecasts to subscribers, who include large Banks the world over, as well as individual traders in more than 30 different countries.

Request a TRIAL of Max's Forex Service.


Retail Forex Brokerage Changing!

Are you looking for your first broker or do you need of a new one? There are more critical things to consider than you might have thought.

We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map

Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Open Forum
Futures Forum
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Online Forex Trading
Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
Forex Products
GVI Forex
Free Trials
FX Bookstore
FX Jobs and Careers
Jobs USA
Jobs UK
Jobs Canada

Forex Forum

The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.

Forex News

The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.

Currency Trading

Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by

Forex Brokers

The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.

Forex Trading

Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.

FX Trading

Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.

Forex Blog also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.



By using this website, you are agreeing to our Privacy Policy and Terms of Use, and Cookie Policy

Copyright ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105