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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (23298)	9/11/2002 11:30:36 PM
From: Cogito Ergo Sum	Respond to of 74559

Hi Ray, re: AU and NG. I've got both ;o) I play the NG using the trust angle. They send me money each and every month. I can't argue with that. :o) regards Kastel

To: Raymond Duray who wrote (23298)	9/12/2002 12:48:14 AM
From: Hugh A	Read Replies (3) \| Respond to of 74559

Ray, you can't go unchallenged... (Rant alert). So globalization is bad and Flint Michigan didn't deserve its fate. Like Jay says... it just is, or is it? What drove GM to locate in Flint in the first place? Better scenery? Or cheap land, a concession on business taxes, a kick-back from the mayor? I really don't know, but you can bet it wasn't someone from Flint who made the decision. Easy come, easy go. Go back a little farther, to the 1870's. Who paid for your railroads? Same people who paid for ours, the Brits. So that isn't globalization? Nasty British enslaving the American population with their investment. Funny, most of them went broke when the bubble burst. Nevertheless, here was a growing America, bursting west on investment from abroad. So you had your time in the sun - cheap land, cheap labour, but the legacy was a coast-coast infrastructure built by British money and Chinese guts (literally). So now that it's the 3rd world's turn to benefit from investment from abroad you're going to fight it. Don't want those nice union jobs that happened to land in our town leaving for cheaper digs. Better still, lets set up tariffs and subsidies to keep their goods out. They can't have your cozy jobs and you won't have to compete with their subsidized steel/wood/wheat... Don't get me wrong. This is not a bash against America or the working man or woman. But you can't suck and blow at the same time. As we learned a year ago, our collective security depends on the welfare of all, not on bigger guns and higher walls and the welfare of a few. I suspect that we agree on this. In my opinion, liberalization of trade and removing subsidies on agricultural and low tech manufactured goods will do more to help the welfare of the common person in third world (and our own security) than all the so-called "aid" programs and other transfers of wealth to the corrupt elite of the developing world. Enough said (some would say too much). By the way - Hubbert's Peak was for conventional crude oil, not natural gas. Echoes of Malthus... HA