ME Bench @ Gold's on 7th
Everybody was up in Idaho Falls @ the Snake River meet or in the Ukraine (Manny) so this was a solo session.
5 min bike
Warmup
DB bench
20 x 50's
10 x 80's
10 x 100's
10 x 110's
5 x 120's
0 x 130's tried a couple of times to get my set up right but for some reason I couldn't get set to press. No worries. Got a lot of volume in the earlier sets.
Rack lockouts
10 x 225
10 x 315
10 x 365
2 x 4 x 405
2 x 415
1 x 425
Bench low pulley cable extensions
Push downs
High pulley rows to chest
High elbow high pulley rope face pulls
Cable curls
Gym was really muggy from the storm that blew in. I was one huge ball of sweat. I should bring extra t's to handle that.
I got news that Parker (14) finally got a good lift in and hit 209#. He actually got his other 2 lifts but beat the start command and got red lighted. Good for him on getting on the board. He works hard and it's nice to see his efforts rewarded.
I knew I was feeling leaner. I was down to 288# this AM. I for sure would like to drop another 10# plus. I really would like to hit 242 but I don't know that I can. Not sure for competitive reason if I want to be in the 275's. Ralph Brannig from WY (good guy) is around 450 raw in the 275's. If I can keep my strength I think I will hang in the low 308's for a while. There are a couple of strong guys in the class and age group back east but they lift in different feds. I need to get over 400 to play on the big stage. I have a little over 2 years left in this division. Let's see what I can get done.
Sooo much going on in politics and the world stage. The bailout is a pile of crap and both sides are leading us into socialism and the will to succeed. China was/is calling for a single world currency. we owe them so much money they can't afford to have us go under. Big big pile of crap.
Glad I'm not in charge.
Maranatha
God Bless!
5 min bike
Warmup
DB bench
20 x 50's
10 x 80's
10 x 100's
10 x 110's
5 x 120's
0 x 130's tried a couple of times to get my set up right but for some reason I couldn't get set to press. No worries. Got a lot of volume in the earlier sets.
Rack lockouts
10 x 225
10 x 315
10 x 365
2 x 4 x 405
2 x 415
1 x 425
Bench low pulley cable extensions
Push downs
High pulley rows to chest
High elbow high pulley rope face pulls
Cable curls
Gym was really muggy from the storm that blew in. I was one huge ball of sweat. I should bring extra t's to handle that.
I got news that Parker (14) finally got a good lift in and hit 209#. He actually got his other 2 lifts but beat the start command and got red lighted. Good for him on getting on the board. He works hard and it's nice to see his efforts rewarded.
I knew I was feeling leaner. I was down to 288# this AM. I for sure would like to drop another 10# plus. I really would like to hit 242 but I don't know that I can. Not sure for competitive reason if I want to be in the 275's. Ralph Brannig from WY (good guy) is around 450 raw in the 275's. If I can keep my strength I think I will hang in the low 308's for a while. There are a couple of strong guys in the class and age group back east but they lift in different feds. I need to get over 400 to play on the big stage. I have a little over 2 years left in this division. Let's see what I can get done.
Sooo much going on in politics and the world stage. The bailout is a pile of crap and both sides are leading us into socialism and the will to succeed. China was/is calling for a single world currency. we owe them so much money they can't afford to have us go under. Big big pile of crap.
Glad I'm not in charge.
Maranatha
God Bless!
posted by Stump at 8:59 AM
2 Comments:
It is good that China is urging a Single Global Currency, and others should join the effort. The challenge for the world is to make a smooth and safe transition to a Single Global Currency as soon as possible.
The success of the euro has shown the world that monetary union is a solid foundation for monetary stability and the optimal monetary union will be a Global Monetary Union. The euro is likely to be the core of the Single Global Currency in such a monetary union, not because it's superior to the U.S. dollar, but because it's managed for many countries rather than for one country.
The Single Global Currency Association promotes the implementation of a Single Global Currency, within a Global Monetary Union and managed by a Global Central bank, by the year 2024. With the successful use of the euro and other common currencies, more and more people and organizations and nations are seeing the advantages of monetary unions. Our website is at www.singleglobalcurrency.org.
The Association recently published the 2008 Edition of my book, The Single Global Currency - Common Cents for the World. A copy of the 2007 edition is available at the Munchen personal archive at http://mpra.ub.uni-muenchen.de/5879/ and on the Association's website.
The goal of 2024 is only 16 years away. If one looks at the world before the 2002 distribution of the euro to the people of the EMU, you would have seen in 1986 a Europe with a Soviet Union, an East Germany and a Berlin Wall. At that time, most Europeans would have scoffed at the idea of a new monetary union.
The benefits of a Single Global Currency include:
- Zero transaction costs to exchange currencies. Presently, $3.2 trillion is traded every trading day and all this trading and its associated costs, approximately $400 billion annually, can be eliminated.
- The end of currency fluctuations and currency speculation.
- The end of "Balance of Payments", "Current Account" and "global imbalances" problems for currency areas. There will, of course, still be trade and wealth inequalities, and more visibly; but they will not be compounded by the problem of foreign exchange transactions and reserve requirements. There would be no need for countries to maintain international reserves of other currencies.
- Zero manipulation by countries of their currencies, and thus no more need to cajole and jawbone any particular country or currency area about the value of its currency.
- Zero risk of national and regional currency crises such as occurred in the 1990's in Mexico, Argentina, Malaysia, South Korea and Russia.
- Minimal inflation, assuming that the future global central bank sets and achieves a low inflation rate, just as the European Central Bank has done. It's not clear that a zero inflation rate can be secured, as that would bring an economy perilously close to deflation and a deflation spiral, but certainly a low rate of inflation would be better for the world than the current rates.
- Worldwide asset values will increase by about $36 trillion due to the elimination of currency risk. Such an increase in asset values will cause annual worldwide GDP to increase by about $9 trillion.
- With no currency risk, worldwide interest rates would be lower.
- With zero risk of currency failure and zero manipulation and minimal inflation, the Single Global Currency would satisfy the moral obligation that a stable currency should be considered as a fundamental human right, as is the right to own property. A Single Global Currency would be far more stable than the currencies presently used by billions of human beings
While all these benefits are expected upon the implementation of a Single Global Currency, considerable benefits will also come during the implementation processes which will see the reduction of national currencies as predicted and welcomed recently by Benn Steil in Foreign Affairs.
Of course, not all economists agree with the goal of a single global currency. For those who would label the single global currency utopian, we call their attention to the euro, which began as a plan only about 30 years ago. Who would have thought in the 1970's that Europe would not only adopt a common currency, but also that its member countries would discard their old currencies?
The single global currency might be an enlarged transformation of one of the current major currencies (dollar, euro, yen), perhaps with a new name such as "dey", "eartha", "geo","globo" or "worldo" or it might be a new currency with such a name. How we get to that point is, of course, a major challenge, but there are several possible routes. One is to continue the trend of creating and expanding regional monetary unions, and then combine those monetary unions into one. Another is for smaller countries to continue to "ize" their nations' legal tender, as in "dollarize" and "euroize", as has been done in El Salvador and Monaco. Compatible with all these and other routes is the need to convene an international monetary conference of nations, monetary unions and related organizations, and begin planning for the implementation of a single global currency.
Organizations such as the IMF and the Bank for International Settlements, and individual economists should begin to carefully research and write about the benefits claimed above for the Single Global Currency, and about the costs, too. When the vast benefits become better known, the people of the world will demand a Single Global Currency and ask why we have been burdened so long with the existing multicurrency system, which Nobel Laureate Robert Mundell describes as "absurd."
Hi Morrison,
You are a very well versed proponent of a single global currency. On one side I can see how many aspects of commerce and economic flow might be influenced to the positive with a single currency.
On a larger scale however, a common global source of monitary control is a bad thing in my mind. I am a strong advocate for states rights and smaller government with lesser oversight. When governments back off and allow people more autonomy and choice very dynamic things happen. When governments tighten their grip on the populace in the guise of a "better system", they stifle the individual and raise resentment over time.
On the surface the single currency has some pluses. Underneath and above it is about control. Giving up more control is not worth the carrot that is offerred. Sorry Sir I can't get on board with your position.
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