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.

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

To: Elroy Jetson who wrote (69343)	5/20/2008 9:40:43 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

New Zealand and Brazil have increasing similarity. NZ is nationalizing/confiscating private businesses including those they previously sold. For example, they sold Vector and then declared that the maximum profit allowed was little more than bank interest which of course caused a collapse in my share price. They did the same with Telecom [selling then regulating them]. They did the same with Auckland Airport = sell it to the public then refuse to let the Canadian Pension Scheme buy it because it is a "strategic asset" as though the Canadians would pick up the runway and ship it to Canada - but the government let China buy a chunk of Vector assets, which are far more strategic. Mqurice

To: Elroy Jetson who wrote (69343)	5/22/2008 5:11:42 AM
From: elmatador	Respond to of 74559

Exposing Elroy and getting facts straight: "nationalize" foreign owned businesses. The ministry wants to survey deposits. Know to whom the belong, and if they are not being exploited remove the licenses and give to someone who wants to produce. It is necessary to identify these deposits, to know on behalf of whom they are registered , will be necessary, to remove the licenses of that they had made the option not to use these deposits. Between two and five years, we would have a bigger volume of fertilizers, and the prices would be reduced". The minister said that the government is making a survey of the national deposits to increase the internal production of nitrogen, match and potassium, inputs used in the fertilizer production. " Then we already know that we have deposits in Brazil. We need is to adopt measured so that they are effectively explored" , the minister said. In the specific case of the phosphorus, the government already identified that new private mines could be explored, reducing the importations. The problem is that the companies who would have done that are using 1966 legislation to delay the exploration because they do not have interest in increasing the production here. With this, they allege that they are if dedicating the research. According to Stephanes, the sector is controlled by " four or five" great companies in the world. " They are the same ones that they control the distribution in Brazil and, later, acquire production".