This is a follow-up article to the one I wrote earlier this week for TalkMarkets. I have told the editors Of TalkMarkets that that particular article is the best article that I had ever written for them before. So in line with that article and in line with the editors of TalkMarkets opinion, with this new article, I am doing what I told TalkMarkets I thought they should be doing. And that is this: to scream at the top of your lungs, honestly telling the world now that "your best financial and economic bet today and every day moving forward is going to be the United States of America.  

Period. Over and done.

Source: Unsplash 

I knew that once things began moving toward globanomics that things would move fast, but never in my last mind, did I think things would move as fast as they have in just the last few days. Holy mackerel!

As I said in the previous article I mentioned above. Donald J. Trump will be found "guilty" during the impeachment trial and afterward, he will go to prison. I even predict McConnel with a vote to convict. But forget all of that. As loud as the specific noise is right now some softer voices are saying things that are even more important than all of this Trump issue noise.

Do you want an example of just what one of those softer voices said a couple of days ago? Here is one. It's something the United States State Department said just a few days ago.  

"Taiwan is a vibrant democracy and reliable partner of the United States, and yet for several decades, the State Department has created complex internal restrictions to regulate our diplomats, service members, and other officials’ interactions with their Taiwanese counterparts. The United States government took these actions unilaterally, in an attempt to appease the Communist regime in Beijing. No more.

Today I am announcing that I am lifting all of these self-imposed restrictions.  Executive branch agencies should consider all “contact guidelines” regarding relations with Taiwan previously issued by the Department of State under authorities delegated to the Secretary of State to be null and void.

Additionally, any and all sections of the Foreign Affairs Manual or Foreign Affairs Handbook that convey authorities or otherwise purport to regulate executive branch engagement with Taiwan via any entity other than the American Institute in Taiwan (AIT) are also hereby voided. The executive branch‘s relations with Taiwan are to be handled by the non-profit AIT, as stipulated in the Taiwan Relations Act.

The United States government maintains relationships with unofficial partners around the world, and Taiwan is no exception. Our two democracies share common values of individual freedom, the rule of law, and respect for human dignity. Today’s statement recognizes that the U.S.-Taiwan relationship need not, and should not, be shackled by self-imposed restrictions of our permanent bureaucracy.

Whoa, Jim. Did they really just get done saying something like that to the Chinese?

Yes, indeed, they did. The United States with that little note told the Chinese that there is a "new sheriff" in town and that sheriff's name is Joe Biden. And make no doubt about it that this particular State Department statement came from President-elect Biden even though presented through "dead man walking's" Secretary of State, Pompeo. It's telling China that the United States is forming a "Free World Alliance" that knows how to turn on and turn off lights. At the same time, it is telling China that the United States is asking them to join under a certain guaranteed set of conditions. 

For those of you who cannot quite believe it, my advice to you is to think on the fact that the "Free World" as it stands today accounts for more than 80% of all the finance and economics in the world. The United States accounts for more than 60% of that 80%. Go figure the numbers yourself.

Anyway with this done, that opens up this globanomics theory or philosophy that I have been talking about. We have already made some changes to the globanomics criteria that I reintroduced late this past summer. For example, earlier in Globanomics, I had said that we needed "a single unit of currency".  I was wrong, or lazy, or thoughtless with my words. We really do not need nor do we want a single currency in globanomics. National monies relate to national traditions and we never want to lose that entirely within the globanomic realm.  

So we changed globanomics to say that we only need a single unit of "measurement" (e.g., the dollar), managed through conversion tables that already exist. In effect, this is already being done. The importance of equating numbers through a single unit of measurement is necessary for analytical purposes, not traditional purposes. We need this unit measurement to do the analysis to the International Hierarchy of Needs--something I discussed in an another TalkMarkets' article a few months back.

Oh well, as I mentioned earlier, once the Trump issue is dealt with I think the United States will return to its good old (270 years and counting) self. Compromise is going to be the word of the day, but this time around, we are not going to let our petty differences get in the way of our compromises. There is a lot to be done if we are going to lead the world into globanomics. And we need the old "party of Lincoln" and the "democrats" to work together to get us where we need to be.

The United States is in charge now. Let's start acting like it with dignity, humor, and humility.  

And that is again, why I say that your best financial and economic bet is with the United States of America.