Global Warming Examiner

Investing in a Resource-Constrained World (Part III)

If you are looking at price charts for Copper, Oil, Grains, Coal etc., you should look at a chart in Euros instead of Dollars. You won't see as big big a spike. This bubble is more of the world catching up with the terrible US balance to payments. Since the world can't recycle their dollars into sub-prime mortgages anymore, the value of the dollar is plunging, driving up the value of real assets in dollar terms. (Note that production costs in dollar terms are also rising.)

The US needs to gets its act together:
Stop taxing manufacturers (Health Care Costs/Tax)
Corporate Tax
Implement a consumption tax so they can tax imports