08.36
Obama Ready lower Fund Crisis style RRT
Muhammad Rozif Abdulloh
President Susilo Bambang Yudhoyono and entourage arrived in Brasilia, the capital of Brazil, at 03.00 yesterday. By the dawn, Dahlan Iskan, which continues to accompany the presidential entourage, writing the final part of the global economic crisis that seen after meeting the head of the top 20 countries in Washington DC.
Barack Obama selected, the crisis is not smooth. Meetings of the top 20 countries (90 percent of world economic power) is completed, the crisis remains to worsen. All countries have made steps to overcome them, the crisis continues.
So what gives?
Obvious that the problems not just panic that followed the loss of self confidence. In other words, preparations are on the fundament a very fragile economy.
Indeed, there is still a momentum that awaited: inauguration Obama to become president-44 U.S. on 20 January next year. The enthusiasm of the people to see the inauguration is extraordinary. There is still a landmark "expectation". Seats for the public, which only provided 300 pieces, clearly not adequate. The line has registered more than 100,000 people. Will be forced in the vote. That can not prosper with the present Cheerleading common stand in the way the vast park called Washington Mall. It is estimated more than one million people, which means that the records will meet the park.
So how can people disappointed his the U.S. if it packages will be given to the people that Obama is not adequate crisis. Until now, the package has not been prepared as any new government. However, if what was promised in the campaign can be used for the base estimate, it seems Obama will continue lower money to increase the purchasing power of people: middle-class tax cut, the cost of education enlarged, the budget increased, health, industries that are important to the U.S. as the car industry will be lower currency countries. Local governments are now also budget difficulties will be assisted.
That means Obama will continue to increase debt, bonds issued by the state. Actually, now the country's debt has reached USD 52 trillion. If all the above description of the case, means there will be additional debt to USD 1.5 trillion. This figure is taken based on the amount of "cash crisis" that is China of almost EUR 600 billion. This means that, if China can only provide a "crisis fund" 20 percent of its GDP, Obama must also budgeted at least "crisis fund" 20 percent of GDP (gross domestic product) the U.S..
China is a topic in the world. Ability to provide "crisis fund" to create some experts in the U.S. to ask how it followed the U.S.. Of course, there is also against. For example, think that the problem faced by the U.S. will not be borne by the Chinese. In China, this crisis could be fatal: the poverty rate increased bloodshed. While in the U.S., the maximum will only make the economic recession. This means, no more people can afford to buy cars, TV, refrigerator, a dog, or a bed. But, as most people already have all the U.S. called it, what I worried at? Yeah, the car can still be used for three more years, until the recession is finished. And the car is, to our size, up to 10 more years still to be established.
That a recession will be resolved in the U.S.. How it was, continued lower state money to people affected.
The public will certainly ask: in rare circumstances, such as money now, if there are people who want to give debt-Obama on how to buy bonds with the country? Is not looking for countries such as Indonesia's debt one percent (of GDP) only have difficulties?
For matters such as the U.S. debt will not have difficulties. Bond sold the country continues to behave.
First, the U.S. dollar became the currency world. That is, since the world trade of gold expressed in U.S. dollars in the 1930's, followed a decision that the Trade oil also expressed in U.S. dollars in 1971.
Second, the assets of the U.S. extraordinary. Assets, such as that are not yet in countries such as Indonesia. Like companies, countries should also have a balance of profit and loss. In the balance that must also be seen how the actual state of assets. For example, the coal each day the dredging in the number of millions of tons of it. Actually the property of whom? Why coal reserves as Indonesia can not be recognized as the country's wealth? Similarly gold, oil, nickel, and so on? Why do not all fit in the country's financial balance sheet, so seen it Indonesia as if the rich countries to borrow money, are covered?
The government is now starting to step there. For the first time the government established the director general wealth of the country. That is, since Dr. Sri Mulyani Indrawati appointed finance minister. The governments and there are no thoughts to the direction there. However, this job also requires a long time. Can take 5-6 years.
There are still some obstacles. Technically, certificate assets of the country require cost-although actually can be solved with easy. Is not the State Agency also owned by the state? Then, if the assets should be diapraisal to get the actual market value, also must pay a large tax. This is the same: the country to pay taxes to the state. Why not exchange numbers only.
However, the fundamental obstacles still exist. For example, Article 33 of the Constitution applies until now still making indecision. There must be official commentary on the natural resources in the article is called "covered" by the "country". Should be clear what is meant by "mastered" and who is called "country". Must be described in the law that is "dominated" is "owned". Are the definition of "country" are: the state company? Institutions? And so on.
Politicians in parliament do not necessarily understand why it should be described like that. However, for accounting, it is very important. To be a wealth of the country in the balance, there must be legal basis. If, it is clear that all the coal, gold, oil, nickel, and so is the property of the state, living diapraisal how much all of that. Then, accountants have the basis for a number in the balance. If not, will not be able wealth is officially recognized as the country's wealth.
In the past, there may not explain all of that desire. With no clear, may not be suitable its ruler desire?
In the United States, all clear. Therefore, the financial calculations is also clear. In fact, with powers such as the United States now, even if there are no countries that buy the bonds, still can not print money? For countries such as Indonesia, print money (increase circulation and attract money without new money long) is very dangerous. Can lead to inflation. But for the U.S.? With the position as a world currency? The circulation dollar abroad is greater than in the country? If inflation occurs yet, the impact on the country's smaller than abroad. Moreover, the word "print" in the dollar should not be here in the sense of actually print the money. Is not all that, now, only the digital numbers? That number is increasing and also reduced the number?
Of course, that is not fair for countries in the world. But I would like to do?
Indeed, Europe has stepped in to create money with which called the euro. But, it still can not replace the dollar. Soon, perhaps, if China is really a superpower, and Asia can create their own currency, China Yuan, as a means of international payment. Thus, in the world there will be three parallel currencies: the U.S. dollar, euro and the yuan.
Maybe we still will be able to see those days: 50 years. (out)
Barack Obama selected, the crisis is not smooth. Meetings of the top 20 countries (90 percent of world economic power) is completed, the crisis remains to worsen. All countries have made steps to overcome them, the crisis continues.
So what gives?
Obvious that the problems not just panic that followed the loss of self confidence. In other words, preparations are on the fundament a very fragile economy.
Indeed, there is still a momentum that awaited: inauguration Obama to become president-44 U.S. on 20 January next year. The enthusiasm of the people to see the inauguration is extraordinary. There is still a landmark "expectation". Seats for the public, which only provided 300 pieces, clearly not adequate. The line has registered more than 100,000 people. Will be forced in the vote. That can not prosper with the present Cheerleading common stand in the way the vast park called Washington Mall. It is estimated more than one million people, which means that the records will meet the park.
So how can people disappointed his the U.S. if it packages will be given to the people that Obama is not adequate crisis. Until now, the package has not been prepared as any new government. However, if what was promised in the campaign can be used for the base estimate, it seems Obama will continue lower money to increase the purchasing power of people: middle-class tax cut, the cost of education enlarged, the budget increased, health, industries that are important to the U.S. as the car industry will be lower currency countries. Local governments are now also budget difficulties will be assisted.
That means Obama will continue to increase debt, bonds issued by the state. Actually, now the country's debt has reached USD 52 trillion. If all the above description of the case, means there will be additional debt to USD 1.5 trillion. This figure is taken based on the amount of "cash crisis" that is China of almost EUR 600 billion. This means that, if China can only provide a "crisis fund" 20 percent of its GDP, Obama must also budgeted at least "crisis fund" 20 percent of GDP (gross domestic product) the U.S..
China is a topic in the world. Ability to provide "crisis fund" to create some experts in the U.S. to ask how it followed the U.S.. Of course, there is also against. For example, think that the problem faced by the U.S. will not be borne by the Chinese. In China, this crisis could be fatal: the poverty rate increased bloodshed. While in the U.S., the maximum will only make the economic recession. This means, no more people can afford to buy cars, TV, refrigerator, a dog, or a bed. But, as most people already have all the U.S. called it, what I worried at? Yeah, the car can still be used for three more years, until the recession is finished. And the car is, to our size, up to 10 more years still to be established.
That a recession will be resolved in the U.S.. How it was, continued lower state money to people affected.
The public will certainly ask: in rare circumstances, such as money now, if there are people who want to give debt-Obama on how to buy bonds with the country? Is not looking for countries such as Indonesia's debt one percent (of GDP) only have difficulties?
For matters such as the U.S. debt will not have difficulties. Bond sold the country continues to behave.
First, the U.S. dollar became the currency world. That is, since the world trade of gold expressed in U.S. dollars in the 1930's, followed a decision that the Trade oil also expressed in U.S. dollars in 1971.
Second, the assets of the U.S. extraordinary. Assets, such as that are not yet in countries such as Indonesia. Like companies, countries should also have a balance of profit and loss. In the balance that must also be seen how the actual state of assets. For example, the coal each day the dredging in the number of millions of tons of it. Actually the property of whom? Why coal reserves as Indonesia can not be recognized as the country's wealth? Similarly gold, oil, nickel, and so on? Why do not all fit in the country's financial balance sheet, so seen it Indonesia as if the rich countries to borrow money, are covered?
The government is now starting to step there. For the first time the government established the director general wealth of the country. That is, since Dr. Sri Mulyani Indrawati appointed finance minister. The governments and there are no thoughts to the direction there. However, this job also requires a long time. Can take 5-6 years.
There are still some obstacles. Technically, certificate assets of the country require cost-although actually can be solved with easy. Is not the State Agency also owned by the state? Then, if the assets should be diapraisal to get the actual market value, also must pay a large tax. This is the same: the country to pay taxes to the state. Why not exchange numbers only.
However, the fundamental obstacles still exist. For example, Article 33 of the Constitution applies until now still making indecision. There must be official commentary on the natural resources in the article is called "covered" by the "country". Should be clear what is meant by "mastered" and who is called "country". Must be described in the law that is "dominated" is "owned". Are the definition of "country" are: the state company? Institutions? And so on.
Politicians in parliament do not necessarily understand why it should be described like that. However, for accounting, it is very important. To be a wealth of the country in the balance, there must be legal basis. If, it is clear that all the coal, gold, oil, nickel, and so is the property of the state, living diapraisal how much all of that. Then, accountants have the basis for a number in the balance. If not, will not be able wealth is officially recognized as the country's wealth.
In the past, there may not explain all of that desire. With no clear, may not be suitable its ruler desire?
In the United States, all clear. Therefore, the financial calculations is also clear. In fact, with powers such as the United States now, even if there are no countries that buy the bonds, still can not print money? For countries such as Indonesia, print money (increase circulation and attract money without new money long) is very dangerous. Can lead to inflation. But for the U.S.? With the position as a world currency? The circulation dollar abroad is greater than in the country? If inflation occurs yet, the impact on the country's smaller than abroad. Moreover, the word "print" in the dollar should not be here in the sense of actually print the money. Is not all that, now, only the digital numbers? That number is increasing and also reduced the number?
Of course, that is not fair for countries in the world. But I would like to do?
Indeed, Europe has stepped in to create money with which called the euro. But, it still can not replace the dollar. Soon, perhaps, if China is really a superpower, and Asia can create their own currency, China Yuan, as a means of international payment. Thus, in the world there will be three parallel currencies: the U.S. dollar, euro and the yuan.
Maybe we still will be able to see those days: 50 years. (out)
