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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
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To: Seeker of Truth who wrote (7522)8/29/2004 11:28:27 AM
From: Bread Upon The Water  Read Replies (1) of 11633
 
China is responding to the energy crisis by building pebble based (uranium derivatives fused in graphite) small modular nuclear reactors (very easy to add a unit to the core generating station as demand increases)& plans to have over 300 in operation by 2020. These reactors are very safe and can't melt down or explode (no containment vessel is needed as well as no superheated steam or water is present).

Once China demonstrates to the world the safeness & cheapness of this system many countries will follow. It will also make it possible to produce hydrogen cheaply which will fuel the transition to that as a basis for global power.

All this assumes we don't blow ourselves up & go back into the dark ages.

Additonally, the Asian countries understand that it is in their best interest to keep their biggest importer (the US) out of major economic trouble. To do this they will keep buying US bonds.

The future is not PREDICTABLY bleak. IT may go that way, but there are counter trends at work. The presence & power of blogs on the US political scene is empowering candidates who are not tied to special interests or money. The moderate center of both parties is sick of the BS of "business" as usual & will more & more support those candidates that reach out to them thru the internet.

Just my humble opinion.
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