- (A) FLOATING CHINESE CURRENCY AND
- (B) OIL PRICED AT PRE-9/11 LEVELS - $35/BARREL.
- CHINA AND OPEC COULD DO THIS WITH THE STROKE OF A PEN.
- THEY WOULD BOTH REAP HUGE LONG-TERM BENEFITS FROM THE HUGE BURST OF GLOBAL GROWTH IT WOULD CAUSE.
- IT WOULD BE BETTER FOR CHINA TO HAVE THE WEST BE PROSPEROUS ENOUGH TO BUY STUFF FROM THEM.
- IT WOULD BE BETTER FOR OPEC TO SELL $35/BARREL OIL TO A GROWING WEST, THEN $35/BARREL OIL TO A WEST IN DEPRESSION.
- IN RETURN, THE EU AND THE USA WOULD CUT DEBT BY CUTTING TAXES SOME AND AND CUTTING SPENDING A LOT - AND BY REDUCING GOVERNMENT PENSIONS AND RAISING THE RETIREMENT AGE --- AND DUMPING ANY IDEA OF A CARBON TAX OF ANY TYPE.
IF WE MAKE IT THAT FAR!
3 comments:
great suggestion...of course it would work...but you forget one important detail...OPEC and China want to destroy/weaken the west
The people who make up OPEC are far too stupid to ever make such a move.
The people who make up OPEC believe more/bigger is always better. They think the economic pie is a fixed size, so they have to get a bigger piece RIGHT NOW, or else Allah will be humiliated.
The people of the left think the same thing, except they aren't worried about Allah being humiliated. Instead, they are worried about Karl Marx being humiliated.
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