Dr. Ali Ettefagh serves as a director of Highmore Global Corporation, an investment company in emerging markets of Eastern Europe, CIS, and the Middle East. He is the co-author of several books on trade conflict, resolution of international trade disputes, conflicts in letters of credit, trade-related banking transactions, sovereign debt, arbitration and dispute resolutions and publications specific to the oil and gas, communication, aviation and finance sectors. Dr. Ettefagh is a member of the executive committee and the board of directors of The Development Foundation, an advisor to the United Nations High Commission for Refugees, and an advisor to a number of European companies. Dr. Ettefagh speaks Persian (Farsi), English, German, French, Spanish, Italian, Arabic and Turkish.
Close.
Ali Ettefagh
Tehran, Iran
Dr. Ali Ettefagh serves as a director of Highmore Global Corporation, an investment company in emerging markets of Eastern Europe, CIS, and the Middle East.
more »
We're not as dumb as you make yourelf think we are. Just look at the price of oil and you can see how the tables get turned. All this investment in increased capacity works for us. If production is cut to keep prices high, the investment is wasted. They need to give us more oil and with prices falling, they need to pump more to keep volume high enough to make up for falling prices. We're looking at lower food prices, so in the end it's a food fight and we have plenty of farms and ranches. These people are sitting on sand, trying to dictate to us what we neeed. We know what's good for us.
Forcefully put, and with good reason. I read another excellent quote to day in a similarly bleak article - "we have stolen from the future". Western consumers have been undone by the very corporations that rely on western consumption for sustenance. It becomes difficult to continue milking a cow when you while slowly reducing its feed.
Def, the UN should take the lead. In fact I believe it should take the lead in more affairs than it aleady has.
But first things first. The economy has a pschology all it's own as already noted.
But in order to survive the coming centuries, let one thing be sure. We all worked together to solve this and other problems.
When Nixon defaulted on all the IOU's and removed gold backing of the dollar it created this havoc we have today, which is the US economy running on Finance, Insurance and Real Estate and nothing else. Therefore the only way to move the economy foward is to create more and more economic bubbles. Unfortunately this also means taking the rest of the world along for the ride until the thieving bankers of europe and asia wise-up and realize they need to permanently get off the sinking ship.
When the US economists realize they can no longer spend foriegn money they will finally put the US Dollar to better use like rebuilding the infrastructure of this country to prevent the FIRE industry from ever taking over again.
Of course the only way to implement this is to purge all the lobbyists from Washington DC and all state capitals to make way for the will of the people instead of the American Oligarchs.
Excellent. I like your keen view into the size of banks and their effective hijack of national economies.
Willie Nelson's song comes to mind: Mamas don't let your boys grow up to be cowboys...... or is it Janice Joplin meeting George W. Bush:
"Freedom is just another word for nothing else to lose...."
I wish the Washington Post would publish it in the editorial page, so that many Americans can read it, understand the depth of this crisis, and begin to... change.
Of course, that's just wishful thinking. Next month, Americans will vote for "change we can believe in", which means more of the same: more consumption, more deficits, more debt, more need for foreign credit.
PostGlobal is an interactive conversation on global issues moderated by Newsweek International Editor Fareed Zakaria and David Ignatius of The Washington Post. It is produced jointly by Newsweek and washingtonpost.com, as is On Faith, a conversation on religion. Please send your comments, questions and suggestions for PostGlobal to Lauren Keane, its editor and producer.
All Comments (7)
We're not as dumb as you make yourelf think we are. Just look at the price of oil and you can see how the tables get turned. All this investment in increased capacity works for us. If production is cut to keep prices high, the investment is wasted. They need to give us more oil and with prices falling, they need to pump more to keep volume high enough to make up for falling prices. We're looking at lower food prices, so in the end it's a food fight and we have plenty of farms and ranches. These people are sitting on sand, trying to dictate to us what we neeed. We know what's good for us.
October 27, 2008 5:45 AM | Report Offensive Comments
Posted on October 27, 2008 05:45
Forcefully put, and with good reason. I read another excellent quote to day in a similarly bleak article - "we have stolen from the future". Western consumers have been undone by the very corporations that rely on western consumption for sustenance. It becomes difficult to continue milking a cow when you while slowly reducing its feed.
October 25, 2008 7:07 AM | Report Offensive Comments
Posted on October 25, 2008 07:07
Def, the UN should take the lead. In fact I believe it should take the lead in more affairs than it aleady has.
But first things first. The economy has a pschology all it's own as already noted.
But in order to survive the coming centuries, let one thing be sure. We all worked together to solve this and other problems.
Regards
dePaul Consiglio
NYMetroCityState US
http://www.un.org/news
http://www.iconsiglio.com
http://iconsiglio.blogspot.com
October 21, 2008 12:45 AM | Report Offensive Comments
Posted on October 21, 2008 00:45
let us all go back to basic and think about stomach development for all mankind
October 20, 2008 9:55 AM | Report Offensive Comments
Posted on October 20, 2008 09:55
When Nixon defaulted on all the IOU's and removed gold backing of the dollar it created this havoc we have today, which is the US economy running on Finance, Insurance and Real Estate and nothing else. Therefore the only way to move the economy foward is to create more and more economic bubbles. Unfortunately this also means taking the rest of the world along for the ride until the thieving bankers of europe and asia wise-up and realize they need to permanently get off the sinking ship.
When the US economists realize they can no longer spend foriegn money they will finally put the US Dollar to better use like rebuilding the infrastructure of this country to prevent the FIRE industry from ever taking over again.
Of course the only way to implement this is to purge all the lobbyists from Washington DC and all state capitals to make way for the will of the people instead of the American Oligarchs.
October 18, 2008 11:07 PM | Report Offensive Comments
Posted on October 18, 2008 23:07
Excellent. I like your keen view into the size of banks and their effective hijack of national economies.
Willie Nelson's song comes to mind: Mamas don't let your boys grow up to be cowboys...... or is it Janice Joplin meeting George W. Bush:
"Freedom is just another word for nothing else to lose...."
October 15, 2008 7:14 AM | Report Offensive Comments
Posted on October 15, 2008 07:14
Excellent article Dr. Ettefagh!
I wish the Washington Post would publish it in the editorial page, so that many Americans can read it, understand the depth of this crisis, and begin to... change.
Of course, that's just wishful thinking. Next month, Americans will vote for "change we can believe in", which means more of the same: more consumption, more deficits, more debt, more need for foreign credit.
October 14, 2008 9:40 PM | Report Offensive Comments
Posted on October 14, 2008 21:40