Or is the plight for greed going to bubble their market like ours?
Why are we encouraging investors to move Trillions of the U.S. economy a month to the Middle East and China, that will lead to the demise of the dollar dealings for oil and commodities?
For Oil? For Greed? For War? - If not, for What?
Fortune: Marty Whitman - After last year's meltdown, he added a new rule: Don't invest in common stocks of companies that need to regularly refinance...Those guidelines, says Whitman, "Over the next five years, growth prospects in East Asia are much better than they are in North America," says Whitman. Whitman likes is energy. "The long-term outlook is still good," he says. "I'm one of those peak oil people -- I believe the world is running out of fossil fuels."
Warren Buffet is even dumping more in Asia's economic future, and plans on selling it to the U.S. in the for of electric cars.
Bloomberg- Pickens Says China Purchases Are Leading to $90 Oil China has spent $200 billion on forward purchases, "tying up" the world's oil supply, Pickens said. The U.S. "can't compete" with China-owned oil companies because it lacks state- owned oil companies to pursue its economic interests, he said.While many are saying Oil May Pass $100 within the year
NOTE: In the Billionaires club,at least Pickens is investing in America and has a plan for our future... it could save trillions.
This is not a bash on China - They are only doing what is expected
And instead of following China's lead on growing GDP based on clean energy growth we are implementing a death blow to the sustainable energy sector by modeling after a corrupt and failed European ETS (Cap n Trade) program that has caused an increase in emissions, costs, environmental impact and use of third world food crops for gluttonous energy consumption....
When we all know the proposed U.S. bill offers NO true reductions Carbon Cuts, future of oil or energy independence that is why 1000's of environmental and green energy groups are opposed to it.
Want to save the U.S. trillions and become energy independent in a decade?
Then act like China, or even better, act like America and do it better!