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To: Gib Bogle who wrote (9529)	4/22/2006 6:25:02 AM
From: LLCF	Read Replies (1) \| Respond to of 78419

<"And why would China, India, etc settle for anyting less than we have, than we consume?"> Because they don't want to be obese pigs??? -gggg- DAK

To: Gib Bogle who wrote (9529)	4/22/2006 8:06:14 AM
From: koan	Read Replies (1) \| Respond to of 78419

My point is that they are going to try and will have a huge impact on consumtion of comoodities in direct competition with us. And I would not sell the asians short. They dominate our universities now and are educating their people better and faster than anyone on earth. Japan being the most highly eduated people on earth. Japan after being completely destroyed with fire bombing in the second world war, 60/120 million people (can never remember)living on a small rock, unfamiliar language and culture, bop there way to the second largest economy in the world 30 years later. China and India producing 10 times the engineers we are now. china GDP has been growing at 10% a year for 10 years. They are workers and now are getting a chance to compete. My only point is that they will at the very least consume enough to affect our life style dramatrically and you can see it now in gas prices. A 3nd industrial rrevolution is in the making and a huge economic paradigm shift in effect. We are witnessing a paradigm shift that will dramatically lower our standard of living in my opinion and as a practical matter will make it imposssible for us to amortize the gingantic deficits the two Bush's and Reagan laid on us in the last 30 years. Bush senior (1 trillion), Reagan (2 trillion) bush jr close to 3 trillion so far. 6 of the total 8.5 trillion our deficit now stand at. In just 17 years! Supply side economics the republicans embraced which was a ruse from the beginning! Cheers