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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: craig crawford who wrote (1062)3/12/2002 4:13:14 AM
From: maceng2  Read Replies (2) of 1643
 
fair competition is good. I'm all for free trade between nations that operate with the same standards we do

It is irresponsible to say this in one breath, and then say "you don't want to be part of the UN or the WTO" in the next. So, we look to the management of Nike, Microsoft, Chinese sweat shops, the Russian Mafia, Indian carpet manufactures (who use child slave labor) for applying the rules of "fair trade"?

The point is, everyone can apply protective tariffs. My view is that reduced global trade will lead to a depression.

Economic depressions have occurred before. We are even more now in a "global village" mode where countries are dependent on each other to sustain current world economic output.
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