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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Jim Willie CB who wrote (38252)9/15/2003 12:46:19 PM
From: Haim R. Branisteanu  Read Replies (2) of 74559
 
Jim, there is no solution if the US goes it alone to rectify the wrong.

There should be some kind of international cooperation and the first step would be that the developing nations should remove their peg to any currency. This will solve a myriad of problems in Asia.

Those very populous nation must understand that they can not rise their standard of living by exploiting the wage differential only to their own benefit.

It should be clear to them from Pakistan to India to Bangladesh to China etc. that their present fiscal policies will kill the cow they are milking and this is the Western World not only the US.

Further a serious effort should be made regarding new sources of energy and the taxation of it's use. This will spread the wealth of the world natural resources and gap certain budget deficits of industrialized nations

It is inconceivable that a small group of nations like OPEC, should hold the world economy hostage to their own will and even a smaller group of people should live outrageously on the expanse of the world.

That is why I am supportive of the Iraq war as there are few alternatives and even a slim chance of success will relieve us of energy problem. But success in Iraq should not go it alone.

What does piss me of is the fact that there are other energy resources which are not receiving the proper attention and efforts to developed them.

Will bring few examples - commercial and safe breeder reactor, solar & wind power, fuel cells and methane hydrate exploration
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