Iran has issued a warning amidst rising tensions between itself, Israel and the united states, that if sanctions are leveled against the Persian nation, that oil would reach $250 a gallon. This is something that Wendy Sherman, undersecretary of state, warned about when harsh sanctions were passed by the senate last week. She said "there is absolutely a risk that in fact the pre ice of oil would go up, which would mean that Iran would in fact have more money to fuel its nuclear ambitions, not less." Is this an example of wrong-headed thinking by the US and the West? What good will this do if china is still buying Iranian oil? We ask economist Stephen Leeb what the effect of sanctions would be on the price of oil, and if this would actually work in Iran's favor. We also ask Dr. Leeb to comment on the similarities, or rather the differences, between the 1970's commodities and price inflation, and what we are facing in this decade. Will we see wage inflation, or will prices just increase for consumers, but stagnate for workers? Read more......
I believe that the continent and nation of Australia may actually be the promised land of myth and legend. Perhaps the stuggling people of the world could start to think of the possibilities and opportunites that would be made available, if they considered relocating to Australia. It's true that Australia needs to build infrastructure and grow as a nation. The population of a Australia is small, but her resources and land is abundant. People from the United States, Europe and other Great Nations can find hope in Australia, for she is a young a free country. I believe that Australia is the future and has unlimited potential. With strong leadership and great people, Australia will prosper triumphantly throughout these uncertain times of our world.
ReplyDelete6:44 AUSTRALIA? COMMON WEALTH of ENGLAND! THEY ALREADY TOOK THEIR GUNS. WE JUST NEED TO RID THIS CONGRESS OF ALL THE COCKROACHES! PUT PRIDE BACK IN AMERICA, VOTE RON PAUL AND GET READY FOR THE "GOOD FIGHT"! GRAB'EM BY THE NOSE AND KICK'EM IN THE ASS! DON'T RUN OFF ON US, NOW!
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ReplyDeleteImagine what could be achieved if Australia became an Autocracy (under and incorruptible, just, wise, reasonable and strong leader) that annexed with the U.S.A. and other strong nations of Europe and the world?
DREAM ON 8:04!! IT'S ALL ABOUT THE "NEW WORLD DISORDER". SEE YOU IN THE FUNNIES!
ReplyDeletethought aussie was the test country for the western version of an internet info control measures?..and carbon tax? untouchable countries..? countries trade, is a large part of an economy, for some a life blood. so when the mains break, the smallers suffer right along side as all trade amongst each other and if someday to continue to trade must accept some new agreements, new forms of settlements, and other measures...what country will stay apart? what country will turn N. korean in isolation? lol
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