International Trade and Finance Speech Essay
International Trade and Finance Speech
Financial Pitfalls 2
Ladies and Gentlemen of the House, good afternoon to you all. I would like to thank you for the opportunity to speak to you this today on such an important topic – our economy.
Our economy is in crises mode. To say that our economy has slowed down would be an understatement. The economy, to date, has taken a step backwards and the direction we are heading will take us from a record long-lasting recession to an all-out financial depression.
Americans consume far more goods than we produce on a monthly basis. What that means, simply put, is that we continue to build more debt and get poorer with every passing month. Think of it …show more content…
The short-term exchange rates swing from minute to minute and are caused through changes in supply and demand for money as it is being sold from one country to another. Long-term rates are more directly affected through national monetary policies created by global governments. This has a global effect on economics.
With our current national election trail heating up and the nation’s economic state of affairs in the center of discussion, there will be promises made by each candidate. The focus will not only be today’s economy but how we will move out of the red and back into the black. There are many ideas but in my mind it is simple as an old saying – you must spend money to make money. For us to make money and become financially independent, better yet, a global leader in economics, we must learn from our past.
Financial Pitfalls 5
As President Bill Clinton discussed in a recent interview with Fortune Magazine, he laid out the three keys to bring our economy back –
• Unleash the large amount of capital that is being held but not invested
• Accelerate the resolution of the home mortgage crisis
• Bring back manufacturing
Sounds easy but it isn’t – this is not a short fix to a growing crisis but will take