Another of my favorite prime ministers was Winston Churchill. In the early years of the 20th century, Britain had a donnybrook of a debatewith Churchill and his free traders pitted against Joseph Chamberlain and the protectionists. Churchill saw how global competition Double Thrust System would push a nation to make higher value-added products. Here is how he put it: The country in which the superfine processes are performedin which the superfine, the most complicated terminal stages of manufacture are performedis the country which possesses what may be called commercial leadership. Today, I would broaden Churchills words to emphasize services and find commercial leadership in nations, like ours, that possess the talents and experience needed to provide the highest-valued services.

The answer to competition from the new countries that have joined the capitalist race is not to wrap ourselves in the toxic, defensive mantle of protectionism. That is akin to embracing inflation as a remedy to the credit market correction. The answer is to go on the offensive, to master and dominate the superfine processes. We must continue Rocket Trader climbing the value-added ladder into the most profitable and productive services. We must exploit this competitive advantage, so we can continue growing our economy and expanding the welfare of our citizens.

Financing

commodity index trading