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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Keith Feral who wrote (171014)	9/20/2005 3:31:55 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 281500

Hooray for Uncle Al KBE increasing interest rates again. I'm a lender of US$ and holder of them and I am still underwater. Interest rates need to go up some more before US$ are of long-run value. If you haven't seen any economic growth, you haven't been watching QUALCOMM's revenue and bottom line and the adoption of cyberphones around the world. China is booming. It was nearly two years ago now, but on my visit there, I saw a LOT of construction going on. Same in Auckland on a mini scale. QUALCOMM is hiring Indians and Chinese and they are economically booming. Many companies are doing the same. Globalstar is gaining customers daily. They gained a LOT during the Katrina disaster as people realized that having communications is a good idea and sometimes one can't rely on limited range terrestrial coverage. There are many alternatives to oil for energy, ranging from conservation, insulation and alternative ways of life than roaring down freeways in Hummers, to superconductor levitated photo/electronic controlled individual passenger vehicles powered by photovoltaics, biofuels, windmills, coal, Orimulsion, nuclear fission, nuclear fusion etc. I saw the other day that Mitsubishi is onto my cunning plan to put electric motors in each wheel of a car as the propulsion system. Fisher & Paykel [a NZ company] has got an excellent motor system for their washing machines which I thought could be adapted to propel and brake and steer vehicles. There's no worry. We old geezers have been through an oil crisis in 1974, then 1979 and this little blip in 2005. It's just market volatility. No big deal. The universe is made of energy. We will NOT be running out and the cost is lower than current oil prices. OPEC knows that. Mqurice

To: Keith Feral who wrote (171014)	9/20/2005 7:57:53 PM
From: bentway	Read Replies (2) \| Respond to of 281500

"I can't believe the FED chose to make yet another hike" I think Greenie wants to pop the RE bubble before he goes.

To: Keith Feral who wrote (171014)	9/20/2005 10:40:18 PM
From: geode00	Read Replies (2) \| Respond to of 281500

"I sure as hell don't see any economic growth out there." How can a rightwinger say that? Goodness gracious, there are people in California who are borrowing 750% of their annual income to buy a house in the desert. Goodness gracious, ExxonMobil has so much cash it doesn't know where to put it...obviously not in New Orleans or, like, you know, the federal debt. The price of gasoline has tripled since the turn of the century, if that's not inflation, what the heck is? Just wait - just wait - Bush could bring us STAGFLATION.