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Written by Stumo
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Monday, 11 August 2008 |
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So says the AP:
Iraq and China are set to revive a $1.2 billion oil deal that was canceled after the 2003 U.S.-led invasion, Iraq's oil ministry said Sunday. ...
In 1997, Mr. Hussein's government signed an agreement with the state-owned China National Petroleum Corp., despite U.N. sanctions that barred direct dealings with Iraq's oil industry.
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In the news
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Colorado CPA member Milt Heft has these thoughts on money, wealth and the economy. Heft is the owner of Petrogen, Inc in Colorado Springs.
A few thoughts about manufacturing:
There is a great misunderstanding of the relationship- between money and wealth. The beginning principles with which we can all agree are a few and simple noble truths:
1. Money is meaningless without wealth.
2. Wealth is difficult to distribute without money.
3. Wealth is the reality of the physical things we need to survive and thrive: food, clothing, shelter, ice cream & computers. It is the product of mining, industrial production, and agriculture.
4. Money is anything that make the wheels of production and distribution go ‘round.
5. Money is easy to manufacture and control.
6. Wealth takes a lot of blood, sweat, toil and tears.
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