Preview

International Trade and Finance Speech Example

Good Essays
Open Document
Open Document
908 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
International Trade and Finance Speech Example
Economics Paper 5
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 like this – the average person goes through a certain amount of managed stress each day. When outside stress, or variables are added to daily stress it places more pressure on the body and mind. If this outside stress isn’t dealt with or managed, and as more is added, the body will either explode or shut down. Our economy is like the average person’s body.
Most of us do not understand the current economic state of affairs. Not that we wouldn’t be able to comprehend the status, but most are unaware, as the media and national political heads are sheltering Americans from the truth and not diving in to the true issues at hand.
We currently have a surplus of imports in our great nation. This should be of no surprise to us – countries that we currently hold the largest amount of deficit through imports are:
• China
• Mexico
• Japan
Financial Pitfalls 3
With the Chinese enjoying a spike in export capital over nearly past ten years, they have become a giant on the global economic scene. On a closer level, one that strikes the heart of every American man and woman, the impact of this surplus is being felt in our automotive industry – the true backbone of this great country.
China has grown into an auto-parts

You May Also Find These Documents Helpful

  • Good Essays

    Benjamin Button

    • 445 Words
    • 2 Pages

    In the past few years there has been a steady decline in our economy, more specifically the job market. Nowadays the lack of jobs leads to an unstable economy which leads to more job losses and so on. If there is no work, then people aren't making money. If people aren't making money, then there is no money to spend, and no money to support a flourishing economy.…

    • 445 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Hello ladies and gentlemen hope you day is going well so fair. My name is Linda, I wanted to come out and speak with about the International trade and finance I will be handing out a booklet that show you what I will talking about if you should have an question write the down and I will try address them all after my speech. In many ways the United States and Japanese are the leading opponents in the international trade since both countries manufacture numerous amounts of the same goods. For instance, Toshiba’s major competitor in the personal computer is Dell. Subsequently to the materialization of the world trade organization the quantity of the international trade has boosted too the largest and countries are enthusiastically partake in the trade to push their gross domestic product. In addition, to this active contribution in the trade this permits them to focus on what they know how to do best alone with enjoy a greater variety of goods and services. This paper will observe more intensely about the comparative advantages, exchange rate risks and trade barriers in the international trade and finance this will give the reader a better understanding on how the trade world works.…

    • 903 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Exchange rate is defined as the cost or price of a country’s currency value compared to another country currency value. The exchange rate is a direct comparison on how much one dollar of worth compared to another dollar. The majority of the world’s comparison of strength and valued is compared to the United States dollar. Risk or threats are mostly associated with exchange rates when companies decide to buy or sell (import or export)…

    • 1004 Words
    • 5 Pages
    Good Essays
  • Good Essays

    The impact of international trade on the United States economy is quite significant. While historically the United States had been a nation that provided credit to other countries, it is now in a decline. This decline has caused the United States to become a major debtor, owing millions of dollars in interest to other countries. This is a result of an excess of importing, which has resulted in a surplus of imported goods. This surplus can be necessary to help offset the current deficits, but may stunt the economic growth of the United States.…

    • 904 Words
    • 4 Pages
    Good Essays
  • Good Essays

    This article by Julia Limitone describes the state of our current economy and what some economic advisors are expecting for the future. While a few have a negative outlook, some believe the United States economy is doing incredibly well under the circumstances.…

    • 369 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    America or Bust

    • 1414 Words
    • 6 Pages

    There are widespread speculations about America’s economic situation. Some people talk about it just to talk about it. But then there are the people who really know what they are talking about. Many things can be done to improve the conditions that the economy is facing right now in America. The genesis of all problems occurring in the American economy is Washington. America can get back on track by cutting government spending, lowering taxes, and by getting the middle class back on track.…

    • 1414 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    The United States is still managing to continue on its downward spiral as far as the economy goes. Actually, it is more like a rollercoaster with small hills. We will appear to be getting better or see the light at the end of the tunnel, but then we drop again. We are also becoming less and less competitive. In 2008, before Obama took office, we ranked first in the Global Competitive Index. For the fourth year in a row now, we have ranked below that, last year coming in fifth and this year, in seventh. It is said to be attributed to the lack of trust in our government and in our politicians. It is also because of our large debt. We continue to borrow trillions of dollars a year.…

    • 564 Words
    • 3 Pages
    Good Essays
  • Good Essays

    US is the leading economy of the world but is under a recession since 2008 or so. Unemployment is at record high and is the biggest problem areas for policy makers. No jobs means consumer confidence and business sentiment also suffer. The problem stared with the housing bubble in 2008 leading to a near collapse of financial biggies like Lehman Brothers. To weather that situation the US govt has been taking measures to prop up the economy, but without much effect. Currently another problem is the Europe’s growing debt. Many countries like Spain, Greece are reeling under heavy debt, and are asking for help from other European nations. This kind of debt rescue can threaten the growth of not just these nations but of Us and the entire world economy. The fear is that Europe could take US to a new low in GDP levels. As US is the world’s largest economy any recession will have wide ramifications over all other economies…

    • 378 Words
    • 2 Pages
    Good Essays
  • Good Essays

    The United States of America is recognized by many people as the land of many opportunities. The United States of America is the country where many people from all over the world would want to begin a new chapter of their lives. Although, America is known for providing opportunity, it also carries a heavy load of deficit of its own. The I.O.U.S.A.: One Nation under Stress, in Debt is a film that unfolded the four deficits that can potentially expose a danger to the country and its people. The four main deficits are budget, savings, trade, and leadership.…

    • 693 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Depression In America

    • 308 Words
    • 2 Pages

    It is obvious that our economy is in turmoil, probably the worst it has been since the great depression. There is no specific reason that has led to the horrible state our economy is in, there are many reasons. Although our economy is slowly on the rise agai, there is still a lot to be done to get us back on track.…

    • 308 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    With cost of living being different from state to state and minimum wage being so low why do we wonder there are so many individuals working multiple jobs, or the crime rate raising or the unemployment being at its highest it has been. How do we expect to be putting money back into the market and getting this country out of debt if we cannot even get ourselves out of debt. Someone once said, “More money, more problems.”…

    • 1486 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    The Great Recession

    • 665 Words
    • 3 Pages

    We are at an important point of time and have choices to make as a country as far as what direction we want to go forward when it come to our economic policies which are result of The Great Recession. The…

    • 665 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Minimum wage speech

    • 1789 Words
    • 6 Pages

    Good Afternoon Everyone! I like to take just a few minutes of your time to discuss a important matter in the economy today.…

    • 1789 Words
    • 6 Pages
    Good Essays
  • Good Essays

    There are many contributing factors that is making the USA economy go downhill . People earning minimum wage are not making enough money to pay their bills . November 2013 through January 2014 the Wal-mart company was losing profit because sales were low. (Kurtz) The sales were low because of the food stamp cuts by the governments, and because winter storms caused Wal-mart to close a few times (Kurtz). Wal-mart plans to lay off around 2,300 employees from Sams club around the U.S. (Kurtz) .”Based on the White House’s own figures, the national debt will reach $20.0 trillion by the end of this decade—about 140% of our current GDP.” (US Economic Outlook) To pay the national debt the people pay more in taxes.…

    • 599 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Current State U.S Economy

    • 665 Words
    • 3 Pages

    The current state of the economy is one that is concerning for almost all Americans.Though we are in the recovery phase businesses are still hurting, people are out of work, we are barely getting out of a depression etc. People are pointing fingers at what is the cause and who is to blame. What was once a strong healthy economy has now drastically changed. There are many economic indicators that are used to evaluate and provide an image of what is currently happening and what an outlook may be on the economy. Several of the important factors are the business cycle, consumer price index, stock prices, consumer confidence index, gross domestic product and unemployment rates.…

    • 665 Words
    • 3 Pages
    Good Essays