Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: ~digs who wrote (22503)	2/1/2005 4:58:53 PM
From: Bucky Katt	Respond to of 48463

Oh man, how did I screw that one up? Yes, it was Chopra, I stand corrected. Thanks for setting me straight.. I guess my mind was wandering... I have never met Mr. Chopra, but have read several of his books, and the way he was treated was beyond disrespectful.

To: ~digs who wrote (22503)	2/1/2005 5:28:37 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 48463

Protege, I just figured out why I had Batra on the brain. I have his book The Myth of Free Trade on a shelf close to my 'puters... Batra argues free trade liberalization has caused real falling wages, declining living standards, and the exporting of foreign investment, manufacturing, technology, jobs and capital abroad creating domestic recessions and deflation, seriously disrupting and distorting our economy. "It is free trade, not productivity that has been the real cause of falling wages in industry," said Batra. "If your wages fall sharply while you're working harder and becoming more efficient, the system is broke...Indeed, US productivity has been reaped by foreign labor and the multinationals," he said.

To: ~digs who wrote (22503)	2/1/2005 5:35:56 PM
From: Buddy Smellgood	Respond to of 48463

Rude to Chopra? That is serious bad karma...Kudlow is in deep, deep shit.

To: ~digs who wrote (22503)	2/2/2005 1:29:44 PM
From: Bucky Katt	Respond to of 48463

Since my mind was jogged, some more Batra kernels, interesting take on oil, and it makes one think> Destroying the world's resources unnecessarily, free trade increases pollution, and creates higher energy prices, while risking higher global rates of economic contagion (Asian Contagion, Russia and Argentina debt default), and international vulnerability to economic shocks like the OPEC crisis of 1973 or 1979. "By far international trade comes out as the worst villain in the destruction of the environment....Yet about 60 percent of international trade today is of the intra industry variety-another 30% in raw materials...The cost of transporting trade worldwide equals most countries GNPs...(indeed,) air freight fuel consumption almost tripled in just two decades from 1970-1990, emitting millions of tons of nitrogen oxides," said Batra. According to Global Outlook 2000 every year about 3,000 million tons of crude oil or petroleum products are shipped around the globe. In the process two million tons slip into the marine environment from routine tanker operations like tanks cleaning, oil spills from tankers and platforms.* (Batra). Indeed, the oil trade is linked to the trade in other goods. "If intra industry trade were eliminated and countries manufactured and produced from their own raw materials, global oil demand would plummet. There would be no need to transport so many goods, materials, and oil across the seas. Global energy prices would fall generating massive growth around the world. Not only would the environment benefit, production costs would also decline thanks to declining energy prices...Few people realize that international trade is the worst polluter among all economist activities," said Batra.