Tuesday, January 17, 2006

Copper

Tuesday it is and the holidays are over. It’s time to get back into a normal pattern of work/sleep/play as the next holiday is a long way off; President’s day, near the end of February.

The news is interesting this morning. “With ballot-counting from Sunday's presidential runoff election all but complete, Chileans consolidated the leftward shift in South American politics, giving Socialist Michelle Bachelet a victory over billionaire Sebastian Pinera. Leftists also head the governments of Brazil, Argentina, Uruguay, and Venezuela, and leftist President-elect Evo Morales of Bolivia is to be inaugurated Sunday. Bachelet will be Chile's first female head of state. Unlike some other leftist presidents, however, she is not expected to change her nation's relationship with the US, analysts said.”

Bachelet should be uncomfortable with her win, as the last time a leftward leaning candidate held that office, (Dr. Salvador Isabelino Allende Gossens) a coup was directed and supported by the US and he was killed. Will the CIA be looking for an opportunity to do it again? Since the recent news that copper (A strategic material) was becoming in short supply, Chile will assume an even more important role in the supply of that metal.

The news this morning also shows that China will be quite interested in the amount of copper in Chile. I’m sure that President Bachelet can expect to see a lot of international interest in her pronouncements concerning the copper industry.

Odd. Apparently no one has a good estimate of just how much copper is left in the world. I’ve read half a dozen reports this morning and each one has a different number for the amount known to be in reserve. The reports go from rosy to bleak.

2 comments:

  1. Hi,
    There is some incorrect information on your post:
    *Michelle Bachelet isn't the first Socialist President after Allende. Current President, Ricardo Lagos is member of the Socialist Party of Chile too.
    *Salvador Allende was not killed, he committed suicide. There is strong evidence about this issue, incluiding direct witness. Even his daughter rejected the assasination thesis.
    *Both Bachelet and Lagos are members of and alliance that includes socialdemocrats and christian democrats. Allende coalition was formed by socialists and communists, therefore there are no direct comparation between their policies.
    *There is no risks to Chilean democracy. There is a healthy competition of ideas and both political major forces agree on issues like responsable economic governmet, free trade and openess to the world. After the results of Sunday election defeated candidates went to salute Bachelet and wish her the best for her government.

    PS: I didn't vote for Mrs. Bachelet.

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  2. Thanks for the updates. I appreciate that.

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