Washington Post, July 2, 2009 on page A9:
The United States confirmed that it will take part in next year's World Expo in Shanghai, saying it wants to showcase U.S. technology and values in a bid to boost ties with China.
As an American citizen of Chinese ancestry and a native of Shanghai, I welcome such cooperative effort to strengthen friendship of two nations on both sides of the Pacific for the wellbeing of humanity. I believe any exchange of technology would benefit humankind in the 21st century.
Page A12: World Bank Reports Record Year of Aid. Bank President Robert B. Zoellick has good insights about China to be a stakeholder in global finance.
Gold Research Findings may be as follows:
1. Gold predicted to go from $940+ to $1,000+ an oz in the months to come.
2. CD's are not attractive but insured.
3. Stock market maybe very shaky.
4. Global war on terror would cause financial and economic fluctuations.
5. Government Bailouts and Inflation may affect consumers' confidence.
6.Circa 11.2 trillion National Debt that grows at a rate of 2 billion a day in the general estimate.
In short, folks would like to invest in precious metals or other tangible valuables instead of papers without intrinsic substance but confidence only.
Hong Kong Phoenix TV media experts reported the forum of the future of Hong Kong and Shanghai to be the financial center of the world. Both have competitive edges in varied ways. How soon? That remains to be seen with evidence in the decades to come.
However,we must have faith,hope and love for global financial recovery during the course of time. Have patience apropos of the governments in the world with economic clouts.
Francis Shieh a.k.a. Xie Shihao, a graduate student from Shanghai in 1947 and a lifelong learner to watch economics in action with reflective knowledge plus Confucian wisdom. July 2, 2009 at 12.48 p.m.
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