25.02.2010 - India joins the global search for commodities
From Seekingalpha.com: A few weeks ago we noted that the world's largest coal producer, Coal India, was on the hunt for global assets to expand its reach. It appears this is now part of a broader national strategy mimicking what China has been doing the past half decade-plus. If you have any Malthusian bones in your body, you have to wonder - as certain countries waste all their national treasure on bailing out banks, financing the lifestyles of those who refuse to save for themselves and funding pet projects of their politicians, while others are attempting to snatch up as many long-lived assets across the globe as possible - what the long term implications will be.........................................Full Article: Source
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