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

To: TobagoJack who wrote (65600)	6/28/2005 8:10:06 AM
From: BubbaFred	Respond to of 74559

In 20 odd years, China has taken a remarkable journey. It has lifted 400 million people out of poverty and now has become quite a liberal country with a market economy that is fast becoming second to none. It is sad that the west does not recognize these achievements and only languishes in faults that are still existent. It took many, many years for the US to have freedom for all of it's citizens and there were still courts rendering verdicts as late as last week to assure that equality. But yet, we expect others to change instantly. Change is gradual and cannot be any slower than the change that took place in the west for equality. Some of the remarkable achievements are elections at a local level and expanding up. No country has lifted so many out of poverty in so short a time. The leaders are now focusing on expanding the increase in wealth to the west so that their citizens there will also experience a helping hand from the robust economy in the east. Is the west aware that the infant mortality rate, up to a 12 month old baby, is higher in New York and Chicago than it is in Beijing and Shanghai? I have found that the west wants to blame others for their gross blindness of their own inadequacies. It blames China for the increase in the price of gas at the pumps. It blames China for the loss of jobs in their Country. Perhaps the west should be looking at themselves. Perhaps they should curb driving SUVs or curb the glut of spending billions in a war outside their country and use the money in better ways. Perhaps the money saved could be spent to solve an energy glut or to give adequate health care to it's poor. The jobs going to China are created by our corporations with the blessing of our Senate and Congress. The same is true of "deals" or mergers with the same blessings. Why does the west blame China when they themselves are to blame for their own blindness. It reminds me of ignorant people being jealouse of more intelligent people and what those people have achieved. Also, one might look at the stabilizing force that China has created in the region. Not only has it raised it's own people out of poverty, it is directly and indirectly responsible for lifting it's neighbors out of poverty as well. In such a short time, the west should be applauding these achievement and not pointing out faults that it took many years for their own country to overcome.....Jim (an American living in China - a few months of the year)

To: TobagoJack who wrote (65600)	6/28/2005 3:25:32 PM
From: energyplay	Read Replies (2) \| Respond to of 74559

Overseas Chinese owning more factories in Latin America would be very useful.... USD worth - Note that these tariff moves come AFTER the Euro started having "issues" - meaning the Euro is much less likely to be an alternative to the USD. Of course, there's alway the Yen...and maybe that yellow stuff. I'm seeing several reports that the price of gold has broken out in Euro terms, and the Euro no longer tracks gold. I expect that China will accelerate work on pebble bed reactors, if looks like it will be dificult to buy more petroleum based energy security. Might interesting to speculate what the situation would be if XOM had been allowed to buy a big part of Yukos.... ****** If UCL doesn't work, then Non-US oil companies might be bought. Repsol YPF might be one target. Also some of the French firms in Africa.....