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Gold/Mining/Energy : A to Z Junior Mining Research Site
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To: Jim Willie CB who wrote (5133)7/18/2003 2:17:42 PM
From: RealMuLan  Read Replies (1) of 5423
 
>>we soon will find trade barriers everywhere<<

If the US congressmen do their job. But I am not sure whether this will happen<g>

>>scapegoats
e.g. Arab oil producers, FOREX currency speculators, Asian exporters<<

Arab oil producers as scapegoats, the US will have a hard time to rob their oil<g> just look at what is happening in Iraq.

Asian exporters as scapegoats, the worst will happen is trade barriers/protectionism on US side. it will be the gain for some US workers (not many), but a loss for majority of the US consumers (no as much dirt-cheap staff to buy). And the even-increasing middle-class in China and India, and in other Asian countries, will be able to replace the majority export loss due to the growth of US trade barriers.

FOREX curreny speculators, unless they do something illegal, which is rare, the US can do nothing about it.<g>
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