^^^ I'm fine with that ... PROVIDING that US taxpayers taking future losses on guaranteed loans, or US taxpayers being subjected to higher taxes to make up for the multiple millions of dollars worth of taxes that Cameron and his uber-rich co-investors won't have to pay on their income from 'conventional' sources thanks to new tax credits generated by this new 'space mining' venture, are NOT part of the deal. I'll be mercilessly blunt. With major taxpayer subsidy hogs / major tax credit generators wind power and solar power now being exposed as the 'failures' they have always been in terms of economic fundamentals, a NEW mechanism of collecting gov't subsidies and generating tax credits to reduce other taxes owed by uber-rich investors is badly needed ! With the 'demise' of NASA's space operations, this 'space mining' boondoggle would gain a lot of emotionally based public support !
There isn't a market for cheap energy in the US at least ... because the US gov't is systematically regulating it into oblivion i.e. coal. Well I have to qualify that, since the US has now become a significant exporter of cheap coal to eastern europe / asia / south america - where economic reality still trumps political correctness.Are you saying there isn't a market for precious metals and cheap sustainable energy etc?.
As to cheap sustainable energy, there is no such thing ... at least in the absence of a massive US taxpayer subsidy on several levels. Brazil has cheap sustainable energy in the form of sugar cane ethanol, but the US has imposed quotas banning importation ( in favor of much more expensive US corn ethanol ).
As to precious metals, worldwide demand is increasing in direct proportion to the loss of 'purchasing power' of fiat currencies. As to the US 'market' for gold disappearing, FDR certainly established a precedent that this is very possible !



Reply With Quote


Bookmarks