Greece still has huge problems ahead

Tourist in Greece

Problems with Greece have been going on for five years and it is perhaps higher now than it was before. They still spend huge amounts of money on pensions and government employees. So Greece hasn’t really had serious austerity yet.

Singapore at forefront for solving water problems

Singapore is one of the most advanced places for solving water problems, because they have to. They recycle water, figured out ways to capture the water. One of the worries is that if they go to war with Malaysia that would be the end of the story, because Malaysia would just cut off the water. Fortunately, they are not at war and Singapore has been hard at work – I believe that we are now 90% self-sufficient, but still, you got to have the water.

Chinese currency could replace US Dollar

There’s not much alternative right now but eventually the US dollar is going to be replaced with something else, perhaps the Chinese renminbi.