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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: craig crawford who wrote (1457)	9/27/2002 1:29:49 PM
From: maceng2	Read Replies (1) of 1643

it was due to the shield of tariffs that infant manufacturing could get off the ground in america, protected from the much more entrenched and efficient british manufactures I can easily agree to that. This not where the USA is today though, and it is not the aspect of the USA's economic problems imho. The USA economy is the biggest in the world. It's strong multinational companies, along with it's financed politicians, and it's financial institutions have a strangle hold on other economies of the world. Other countries are requested to "open up" their markets to "free enterprise", or suffer the consequences of falling out of favor with the guys who pull all the strings. On top of that, I hear your squealing about how unfair Americans are treated, and that protective trade barriers are needed for your "infant manufacturing industry" :-) Maybe I would change my view entirely if you proposed some system of tariffs for the world where we would see problems fixed rather then exacerbate them. After the UN and the IMF is dumped maybe a computer controlled program of tariffs in each country could stop problems like farm subsidies in the USA and Europe putting third world farmers out of work. Trouble is you only take a pro USA stance which means you turn a blind eye to actions by the USA (the most powerful nation on the planet) that harms other countries but benefits it's citizens. This attitude is most irresponsible by citizens of such a powerful nation imho. A more responsible attitude would also build a better America. Your education system and infrastructure needs more finance then it presently gets. I am not saying throwing money at a problem (only) gets a solution. But the loss of a sense of a civic responsibility in both the domestic and international scene is a severe loss to America imho. I lived in the USA, so I know. I was dragged from that place I love so much only because my kids get a much better education here in Scotland. If you don't believe me perhaps you would like to help me with my 17 yrs old math homework this evening. When she gets stuck I am supposed to help. It involves second order differential equations, and I'm lost on some of the questions. i don't think there is any set of statistics i could give to convince you I would argue that the USA (the most powerful economy on the planet) resorting to unilateral actions and tariffs will send the world into recession and damage the USA's economy further. Yes, you have not convinced me otherwise. Interested read on your post about the philanthropist crooks on Wall Street. I don't think you should have played the religious card so strongly though. Let the facts speck for themselves. It's not as if Jews have a "corner" on crime. There are bad guys and good guys in any walk of life.

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