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About Me
- I 20/20 Investments I
- Veni, Vidi, Vici My name is Henrique Akaishi. I'm a student at the University of Minnesota majoring in Finance and Entrepreneurial Management. I currently work as a Retail Marketing Consultant for the Minnesota Daily. My ultimate goal is to revolutionize the finance industry and also help the general population of Brazil gain financial independence and security.
Henrique Akaishi No one is saying that BP shouldn't take responsibilities for its action. As much as I agree that BP should pay every single cent that it cost the U.S and the world, when that equals upwards of $180B there's no way it will be able to pay all that off. So we can either spend the time and energy sticking it to BP (granted they deserve it) or find a better way to handle this which might put BP better off but as long as it puts US better off, than it's the better choice. Perhaps BP can make annual payments to the US until it pays off everything. Now i certainly don't claim to know the legality behind something like this or how it would work, but I'm confident there are better steps of action than just bankrupting them.
ReplyDeleteWhen their debt obligations are potentially far beyond anything they can possibly pay, how are they not getting away with it. Sure their company is now bankrupt but what good does that do US? An extra pep in our step knowing we showed them who's boss?
Our economy is not fine. Sure we're still the greatest financial super power in the world but that's not to say it can't and wont change. We had the Mayans, the Egyptians, the Romans, the English etc. How many of them are still the super power today? None. And they all thought they were going to last forever. Like us. It's newton's law of gravity: what goes up, must come down. Albeit a law of physics, it's seen throughout history. Nothing goes up for ever, without coming down.
We depend on China like it's nobody's business. When we export so much of our manufacturing and production to china, we are under the belief that it's a fair trade and both sides are benefiting. We hold ourselves as the great thinkers and innovators and we're trading that for cheap labor from china. We get cheap products, they get our innovation and growth, fair, right? No! We became the super power of the world through manufacturing and production. That of which we are doing less and less every day. We have an enormous budget deficit, funded by who? China. Who's buying all our treasury bills? China. We're becoming scarily dependent on china. or better word, needy. like dean said, we need to work on china undervaluing its currency. Our dollar is becoming more and more depend on China's currency. That, to me, is a cause for concern.
As for diversifying into something new. I think it's a fantastic idea. But that's why I'm so concerned. I don't think the government has done a good enough job diversifying. I'm a big fan of Tom Friedman and his work. And this is no exception. My concern isn't that there's nothing we can do, it's that we're going to choose not to do the right things. Our dependency on oil is staggering. If you were to assume oil consumption to be a bell curve. we're already past the peak of the bell curve. The war on terror or just can excuse to invade oil rich nations?
Focusing on renewable energy might be a good idea. But this needed to be done YEARS ago. We're lagging drastically in advancements of renewable energy. It's seem we're not ahead of the curve ever anymore. We're just big and powerful and can harvest the people and ideas that ARE ahead of the curve.
Overall, i think every we needs to stop bitching (senate, house, republicans, democrats, white house, the Fed, Wall Street, the american people) and start creating. innovating and doing, and not just passing the buck.