Climate Change

We're probably all screwed anyway, but front page of the Independent had a story about Hilary Clinton and a senator John McCain visiting Alaska and essentialy agreeing with and saying quite loudly that yes the scientific evidence about global warming is pretty much bang on. What makes this a little bit encouraging is that this pair are both contenders for the presidential nomination for their respective parties.

It would be helpful if the USA got serious on climate change, biggest economy in the world and all that. However was a little disappointed about talk of reducing carbon emissions to year 2000 levels. I think that would amount to a fart in a jacuzzi, but still just maybe it's start.

Ah, gonna take a slight detour here, right it was the talk of the USA being the biggest economy in the world that shunted me onto another train of thought. This is again from the recent Rob Newman show. Oil and how it's traded in US dollars and how it has been so exclusively for a good whack of time now. This is tremendously advantageous to the US for reasons an economist could explain better but it obviously makes US currency more valuable and cements it's status as dominant world currency. However if there was a switch to say euros, then it could cause problems. As people suddenly wanted to ditch an awful ot of US dollars, i beleive it would seriously bankrupt the US.

As it happened some countries either did switch or stated an interest in doing so, i can't be 100% certain if thay all absolutely made the change. These countries and again i'm doing this from top of my head, the 3 i remember happen to be Iraq, Iran and North Korea.

Axis of evil anyone?