TWO SIMPLE STEPS WOULD SAVE THE GLOBAL ECONOMY AND BEGIN A DECADE OF GLOBAL GROWTH: CHINA FLOATING THE RENMINBI AND OPEC CUTTING OIL TO $35/BARREL

ALL IT WOULD TAKE TO REJUVENATE THE GLOBAL ECONOMY WOULD BE:

• (A) FLOATING CHINESE CURRENCY AND

• (B) OIL PRICED AT PRE-9/11 LEVELS - $35/BARREL.

• CHINA AND OPEC COULD DO THIS WITH THE STROKE OF A PEN.

• THEY WOULD BOTH REAP HUGE LONG-TERM BENEFITS FROM THE HUGE BURST OF GLOBAL GROWTH IT WOULD CAUSE.

REPEAT: THIS WOULDN'T BE SOMETHING THEY DO OUT OF CHARITY OR GRATEFULNESS TO US; IT WOULD BE IN THEIR SELF-INTEREST:

• IT WOULD BE BETTER FOR CHINA TO HAVE THE WEST BE PROSPEROUS ENOUGH TO BUY STUFF FROM THEM.

• IT WOULD BE BETTER FOR OPEC TO SELL $35/BARREL OIL TO A GROWING WEST, THEN $35/BARREL OIL TO A WEST IN DEPRESSION.
  

• IN RETURN, THE EU AND THE USA WOULD CUT DEBT BY CUTTING TAXES SOME AND AND CUTTING SPENDING A LOT - AND BY REDUCING GOVERNMENT PENSIONS AND RAISING THE RETIREMENT AGE --- AND DUMPING ANY IDEA OF A CARBON TAX OF ANY TYPE.
  

NOT MUCH ELSE CAN PREVENT THE IMPENDING DOWNWARD SPIRAL TO A GLOBAL DEPRESSION - EXCEPT A GOP VICTORY IN NOVEMBER.

IF WE MAKE IT THAT FAR!