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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: ChanceIs who wrote (67960)	12/4/2006 12:01:55 PM
From: GST	Read Replies (1) \| Respond to of 306849

Recycling dollars is 'normal' for our trading partners, else they could not expect us to find any other way to finance the trade. As with all things, recycling has its limit and that limit is near if not past. In the early years of the big oil deficits the Saudis et al wanted to buy oil producing assets in places like Canada but were rebuffed. The idea was that we could not let them run the oil distribution business as well as supplying it. Well, those days are fading as we have all but lost the 'war' in Iraq and our major competitors, like China, are sewing up bilateral deals around the world for oil and other things. The US does not run the world and its power, prestige, influence and wealth are all rapidly falling as a result of our trying to assert our supposed 'dominance'. It did not have to be this way -- we had choices and we made very, very bad ones. The painful truth is that the US has lived beyond its means long enough and the willingness of others to carry us is being depleted even faster than Saudi oil. Buying Canadian oil is about as smart a trade as you will find IMO -- certainly a smart move at minimum.