Monday, February 21, 2011

Trade deficits

I suppose agreeing with this puts me at odds with free traders.  These folks don't think the huge deficits are a problem.  But they are.  Especially when you consider where the imbalances are the greatest: with China and the oil producing countries.

Now that power has changed hands in Egypt, there is a great risk that the Suez Canal can be shut down.  If that happens, oil will smash through the record highs of 2008.  Also, you can forget about a recovery.

No, I push this idea of mining the moon and the asteroids for plantinum and ruthenium because it will help with the trade deficit.  It may even eliminate it entirely.  It's up to our leadership to take the necessary steps to bring this about.  If the leadership won't get the message then perhaps the people can send them a message.  To this end, I set up People for Space Colonization on Facebook.  There is a button pointing to it at the bottom of the page.  If you agree, you are welcome to add your name to those of us who want to bring about this reality at the earliest possible date.

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