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Avoid it . Well, i dont think that conflict is inevitable. I think that the world were in today is probably a different world than the ones we have been in before when a great power arose. The effects of globalization and economic globalization and the movement of people, the interconnectedness of banks and industry, of all these things that you know very well about, i think have made it imperative that we understand the rise of china and that we to some agree, accommodate the rise of china where we can to attempt to shape the rise of china. Ive said on many occasions that a china that would the china with a military that would come forward as a net provider of security rather than a net user of security would be beneficial to not only the region but would be beneficial to us as well. And i think thats an achievable goal. I think it has to be looked at how do we deal with china globally and global institutions from their role in the U ....
So i think that tension needs to be resolved one way with the other, and i think it needs to be resolved around a more Foreign Policy guidance. The way it works now, lets change, since my day, is we used to sit down with people from the state department usually the deputy secretary, once or twice here and say whats on your mind, what you think of the important countries we should be concentrating on . I hope that when i was undersecretary there was more conversation, but theres no real guidance. And i think that there needs to be. The second thing there needs to be absolutely is a we organization of the bbg. The bbg has now have agency. Theres no ceo eric one of the strangest organizations in all of the federal government. The board itself is the head of agency, and the chair really has no more power than any of the other governors. Its kind of a zion to run the show. And by the way, im not sure, as the chair, the new chair nomina ....
Be in deficit 5. 5 . The only way you keep the private sector in the red, above zero, is if the government deficit is big enough to more than offset the trade deficit. If the u. S. Is running trade deficits on the order of 4. 5 of gdp, the government deficit has to be at least 4. 5 of gdp, or the private sector will fall below zero. Every single time. Here is the cbo forecast. This is what is projected to happen to the government deficit if we hit the cliff. This is the alternative scenario. If we hit the cliff, the projection is that the government deficit will shrink to around 2 of gdp. Deficits of 2 of gdp, together with trade deficits of 4. 5 , in the private sector is by definition going to be in the negative. We are going to be running a deficit. Here is the same image flipped over. It is the mirror image of that. It says that if the government reduces its deficit, it is reducing the surplus to the nongovernment sector. You have to be able to put these things in context. Why does ....
Today were having the tenth anniversary meeting we had much work to do during these ten years. This works or as the basis for the Customs Union. We are proceeding to the next level of integration u of i was coming. Most importantly businessman a very happy. I think that the Customs Union. He asked in the future of the Economic Union will open up even more opportunities for cooperation or they were the house was built. Lets say you are the launch of a Customs Union we have significantly improved trade performance at the same time i want to know that the trade flows from cars extend to russia increased much faster than are close to an extent. Was it if some. The exhibition presented products Fifty Companies from fo ....
On bitcoin i think it might prevent bitcoin from being around in 2050. Sorry. The issue of the crypto currency these are all completely solvable if there is a pointer to it. The amount of security that you have to put in to make sure that they can be secure or outside of what i would even be willing to deal with with a masters and computer security. You have to really protect your self and its best to have a laptop, separate computer that you keep off line that you are only using to keep your wallet. There are some other ways to do it, but as it shows there are a lot of issues in the exchanges. We are still new to this and trying to figure out how it is entirely solvable but it has to be usable for people. There has to be a demand that we are not getting through paypal or credit cards or other things that is going to make it as an exchange for you and me. As far as the brought a change this might be familiar to some of you. This was written in 1996 the declaration of cyberspace. The go ....