economics and how it affects mineral prices

Hey Guys

A bit of an economic update and how it affects our Minerals and Energy Markets for those interested.

I'll try to do this once in a while, just so people understand how world economic events affects Mineral and Energy Prices and my theory that AUSTRALIA WILL BECOME (IN TERMS OF WEALTH AND PROSPERITY) THE MIDDLE EAST OF THE PACIFIC! Because of our natural resources and the fact that we dont only rely on oil! We have every material and energy producing mineral our planet provides us with and is in Great Demand! Copper Nickel Gold Iron ore coal zinc diamonds oil gas uranium zircon and the list goes on!!!

Get set for the ride of our lives guys! We are on the cusp of something big and for a long period of time! It will make small cap miners into mid cap miners mid caps into big caps big caps into economic super power companies!

Has to be good for guys like FWL get projects like this off the ground!

I would mind getting other investors' thoughts on this subject also, if anyone would like to contribute! Im sure a lot of people would appreciate it!

There are 2.5Billion Chinese and Indians ready to replace the 650million Americans and Europeans over the next few years!

And Europe will pull through this recession quicker with Germany already growing strongly over the last 6 months! Their unemployment rate has fallen from 9.1% in January 2010 to 7.6% last month and falling fast. How? Because the CHinese are buying BMW, Benzes AUDIs, Seimens products, large scale capital equipment, Pharmaceuticals!!! And the same goes for France! Those two countries alone represent 65% of the European economy! They will drag up the rest over the next 12 to 18 months!

The US will continue to grow, but at approx 2%! Bernanke will continue to print money and pay off State Govt debts so they can start to purchase goods again. We should also see a second stimulus package which will have a great affect on their economic growth, since they are starting with +2% GDP growth instead of -2% like they did in 2008!

When Asian economic growth is hovering between 8-10%, and 72% of Australian exports are shipped to Asia! We are set for a sustained period of high mineral prices!

:)