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Fight For Ghana's Oil: Exxon vs China

Comment: WHY TO CHOOSE CHINA

Author:
Cantankerous
Date:
2009-10-13 07:11:46
Comment to:
Fight For Ghana's Oil: Exxon vs China


It should not be too difficult to choose between the American based Exxon and the Chinese.The Chinese now have a proven record of helping countries they invest in to develop their infrastructure.In contrast typical of most American companies (which until now were the leaders) you get paid in dollars (which unfortunately are now a fast depreciating currency).IN FACT THE DOLLAR WILL PROBABLY LOSE ITS STATUS AS THE WORLD'S RESERVE CURRENCY FAIRLY SOON ON ACCOUNT OF THE DETERIORATING STATE OF THE AMERICAN ECONOMY.I HAVE NEVER BEEN AN ADMIRER OF THE CHINESE BUT OUR POLICY MAKERS SHOULD BE PRAGMATIC AND TAKE DECISIONS THAT ARE BEST FOR GHANA.IF THEY GO FOR THE CHINESE THEN OUR GOVERNMENT SHOULD INSIST ON PAYMENTS TO BE MADE NOT IN USELESS PAPER MONEY (ESPECIALLY THE DOLLAR) BUT IN GOLD OR CHINESE PAYMENT BY WAY OF INFRASTRUCTURE DEVELOPMENT SUCH ROADS, RAILWAYS ,BRIDGES ETC ETC. WHATEVER THEY DO POLICY MAKERS MUST AVOID PAYMENT IN DOLLARS. IF POLICY MAKERS HAVE BEEN READING AND KEEPING ABREAST WITH CURRENT AFFAIRS THEY PROBABLY KNOW THAT MANY COUNTRIES WITH LARGE FOREIGN EXCHANGE RESERVES IN DOLLARS ARE DOING ALL THE CAN TO DUMP THEM.IF PAPER(FIAT) CURRENCY HAS TO CHANGE HANDS THEN THEY SHOULD INSIST ON PAYMENT IN RMB (CHINESE CURRENCY) OR IN EUROS OR IN CANADIAN OR AUSTRALIAN DOLLARS.

FOR POLICY MAKERS INTERESTED IN IMPROVING THEIR KNOWLEDGE OF ECONOMIC FISCAL AND FINANCIAL AFFAIRS THE SHOULD CHECK OUT GOOD WEB SITES SUCH AS GOLSEEK.COM, FINANCIAL SENSENSE NEWS HOUR, KING WORLD NEWS HOWESTREET.COM AND OF COURSE THE FINANCIAL TIMES.THE WEEKLY AND DAILY PODCASTS AVAILABLE AT THESE WEB SITES ARE AN AMAZING SOURCE OF INFORMATION .ALSO FOLLOW THE WORKS OF PETER SHIFF DR MARC FABER DOUG CASEY BOB PRECHTER ETC.THEY GIVE EXCELLENT REGULAR INTERVIEWS.MOST OF THESE GUYS ACCURATELY PREDICTED THE CURRENT WORLDWIDE ECONOMIC MESS.

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10-12 18:21
 
 
 
WHY TO CHOOSE CHINA
Cantankerous
10-13 07:11