Andy Stern's Keep Private Equity Away From Our Banks - WSJ.com Has nailed it on the head. The only failing of this article is to stress this is a situation created in large part by the private equity firms. As well as the sinister reality it's some of our nations leader that are now pushing the reserve to support what a huge national security issue.
Sunday, July 6, 2008
OPEC president "current supply is sufficient"
Predicting even higher prices for oil in the comming weeks OPEC president Chakib Khelil. "As producer countries, we think that the current supply is sufficient, that this balance in supply is in everybody's interests and that it shouldn't be disturbed, because the current rise in oil prices is in nobody's interest," he said, according to media accounts.
Last week Mahmoud Ahmadinejad had stated that supply was not the issue, and was immediately attacked for this position by American and Israeli officials.
"We have to follow the evolution of the dollar, because a 1% fall in the dollar means $4 more on the price of oil." Khelil said sighting the Federal Reserves efforts to keep interest rates low and devalue the U.S. dollar on 60% of the price increases.
To the surprise of many he also said "the intrusion of bioethanol on the market" was alone responsible for the other 40%.
But Khelil also admitted petroleum production had been limited by Western investment embargoes on Libya and Iran, and by the war in Iraq.
Last week Mahmoud Ahmadinejad had stated that supply was not the issue, and was immediately attacked for this position by American and Israeli officials.
"We have to follow the evolution of the dollar, because a 1% fall in the dollar means $4 more on the price of oil." Khelil said sighting the Federal Reserves efforts to keep interest rates low and devalue the U.S. dollar on 60% of the price increases.
To the surprise of many he also said "the intrusion of bioethanol on the market" was alone responsible for the other 40%.
But Khelil also admitted petroleum production had been limited by Western investment embargoes on Libya and Iran, and by the war in Iraq.
Argentina Export Tax Exemplifies Failed Western Trade Policies
While economists with fat degrees and politicians with fat wallets recommend and deliver most tax cuts and bail outs to big business and pander to hostile trading partners. The Export tax on being forced through by the Argentinian government, that threatens to destroy is agrarian population and industry and drive much of it's population into poverty is just the latest example of the devastating effect western trade policies in general and CAFTA specifically are having on emerging nations.
There was a time when nations with powerful economies balanced higher domestic production costs with tariffs on imported goods. Higher costs in the U.S. were balanced by fatter pay checks, more opportunity for the average American. Taxes were offset by the income the federal and state authorities generated off of these tariffs. As the largest buying force on the planet this was our weapon to force other countries to raise there humanity.
America and Western Europe stood as shining examples of what could be. A man could afford to raise a family and send his children to school even if he did not have that opportunity. The possibility to sustain our growth and offer other nations a chance to enter into the fold--by lowering tariffs-- as they raised there minimum wages, worker treatment and environmental policies. Forcing a leveled playing field with buying power.
Tax incentives would be given to keep companies on American shores and to those companies who, on there own or in co-operation with institutes of higher learning pushed the envelope on technology and sciences.
Idealistic to be sure but no more idealistic than the idea that a bunch of greedy businessmen and politicians let loose on a world with no system of economic balance other than debt would do any better.
The arguments against this usually ran along the lines of opposition to government control. There is always government control.
Argentinian Farmers are the next to take the brunt of these failed global policies square on the chin. The voids in pricing instead of being balanced by trade policies in the U.S. will now be filled by taxes leveed on these farmers. Prices on the global market for there products will go up, but not before many of these farmers are wiped out.
Major corporations will step in and buy these farms at pennies on the dollar, and a section of the Argentinian population that had an opportunity to make real gains will be forced under the boot strap of economic slavery.
Forced labor at the end of the whip is no longer fashionable or sustainable as the average person has more access to information and communication. The new slaver traders are the debt dealers.
There was a time when nations with powerful economies balanced higher domestic production costs with tariffs on imported goods. Higher costs in the U.S. were balanced by fatter pay checks, more opportunity for the average American. Taxes were offset by the income the federal and state authorities generated off of these tariffs. As the largest buying force on the planet this was our weapon to force other countries to raise there humanity.
America and Western Europe stood as shining examples of what could be. A man could afford to raise a family and send his children to school even if he did not have that opportunity. The possibility to sustain our growth and offer other nations a chance to enter into the fold--by lowering tariffs-- as they raised there minimum wages, worker treatment and environmental policies. Forcing a leveled playing field with buying power.
Tax incentives would be given to keep companies on American shores and to those companies who, on there own or in co-operation with institutes of higher learning pushed the envelope on technology and sciences.
Idealistic to be sure but no more idealistic than the idea that a bunch of greedy businessmen and politicians let loose on a world with no system of economic balance other than debt would do any better.
The arguments against this usually ran along the lines of opposition to government control. There is always government control.
Argentinian Farmers are the next to take the brunt of these failed global policies square on the chin. The voids in pricing instead of being balanced by trade policies in the U.S. will now be filled by taxes leveed on these farmers. Prices on the global market for there products will go up, but not before many of these farmers are wiped out.
Major corporations will step in and buy these farms at pennies on the dollar, and a section of the Argentinian population that had an opportunity to make real gains will be forced under the boot strap of economic slavery.
Forced labor at the end of the whip is no longer fashionable or sustainable as the average person has more access to information and communication. The new slaver traders are the debt dealers.
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