International

Five Things I Have Learned From Haiti

International

1. Some People Do Incredible Things To Help Others

The stories of volunteers that have gone to aid the people in Haiti after this awful tragedy are very inspiring.  There are so many medical personnel, volunteers, missionaries, etc. that have descended upon this tiny country to lend a hand.

Furthermore, the giving from people especially people in America has been really awesome.

2. Some People Will Do Unimaginably Awful Things To Survive

On the flip side of the coin, we have seen what human beings are capable of when faced with survival.  People will do awful, violent things when faced with death.  There have been gangs armed with machetes taking whatever and killing anyone who gets in their way.

3. Emergency Preparedness Is Important

While Haiti is indeed an extremely poor country, and most people don’t have enough for non-emergencies, the sheer chaos and disorder that has been created in Haiti does remind you how important it is to prepare for emergencies.  I live in Florida, and have been hit by hurricanes.  Depending on where you live, it might be wise to prepare for various natural disasters.  Obviously, terrorism is a constant threat these days as well.

The biggest thing to remember I think is that these images of chaos in Haiti are not confined to third world countries.  Remember the images of New Orleans after Katrina?  Looting, violence, chaos are all possible in America if certain events occur.

Preparations for such things might include security (firearms), power (generator), food & water supplies, first aid, etc.  Check out FEMA for more information on this topic.

4. American Can Never Win The PR Game

While not surprising, America has delivered above and beyond on the aid front with this tragedy.  The American government has donated $100 million I believe and the American people have donated millions more on their own.  Furthermore, we’ve sent over 12,000 troops to help distribute aid and help people.  Other countries like China & France have given a fraction of what America has given.

With that sad, we will still have a tarnished image abroad.  At some point, Americans need to realize that you will never win everyone over.

5. People Must Help Themselves To Prosper

While this tragedy has brought Haiti back to the forefront of our minds, not too long ago Haiti was a major story.  If you recall, President Clinton decided to make Haiti a large priority of his administration.  Through increased efforts and increased aid (in dollars), he wanted to make a lasting impact.  He did admirable things, but as you can tell now, there was no lasting impact.  Does this mean Clinton failed?  No.  It means Haiti must eventually help itself.

The U.S. has given Haiti in the billions of dollars over the years.  Remember, Haiti is a small country with less than 10 million people.  In a well run country, this kind of aid would have a large impact.  Unfortunately, corruption is rampant and I’m not sure the people themselves know how to fight for something better.

Does this mean we should not help or not provide aid?  No, it doesn’t.   I believe we should help.  But, it shows that aid alone does not bring about change.  Something bigger is needed.

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Is Iraq The Next Major Emerging Market? Iraq ETF Coming?

International Investing

Economic growth is a tough idea to fathom right now when it comes to Iraq.  Iraq is still fighting mightily to maintain security.  Without security, it’s tough to make economic progress.  From continuous research, even though the explosions and periodic deaths capture the majority of the headlines, there is real progress happening in Iraq.

I believe there is reason to believe that sometime in the future Iraq might enjoy a strong growing economy.  There are three major factors here:

  1. Continuing progress with security issues
  2. Oil exports
  3. A highly educated population

Thankfully, there is progress being made in area #2: oil.  Just recently, Iraq had a successful oil field auction where companies bid to operate massive oil fields in Iraq.  This is extremely crucial as Iraq needs money to flow into the country.  The money that can flow into the country in exchange for oil will help fund government programs, Iraqi security and future investments in the country.  As such, the more oil we see being produced, it’s probably safe to say, the more secure the country will get.  Progress is slow but steady.

One of the main differences why I think the Iraq war was more worthwhile than the Afghanistan war is because the Iraqi’s are actually very educated (other reasons include geography, oil, etc. — that’s for another discussion).  With freedom in Iraq, these educated people can turn this country and economy into something special.  I’m confident that this will happen.  It just takes time.  Afghanistan, on the other hand, well… I don’t know what the outcome there will be (and that is not a slap at Obama – I commend Obama for making tough decisions regarding the Afghan war – I tend to think we should pull out and come home).

As the Iraq becomes more secure and oil production moves higher, we could potentially see significant progress in Iraq in the coming years.  The Iraqi people are amazing and I think have the drive and the skills to make their country prosperous.  Did you know that Babylon (90 km south of Baghdad) according to Biblical prophesy is supposed to be the richest city in the world in the “last days”?  Take that for what it’s worth…

Iraq ETF

If the Iraqi economy moves forward over the coming years and is stabilized, you will see foreign investment continue to move higher, especially with regards to their massive oil reserves.  As such, since the ETF trend is still very powerful, I wouldn’t be surprised to see somebody offer an Iraq ETF.  It would be very interesting and excited to see this happen.  Obviously, we’re still a good ways off from that, but I’m hoping for the best in Iraq for the sake of the Iraqi’s.  I will continue to watch with excitement as good things happen there, and hopefully the bad things slow and eventually go away.

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More on this topic (What's this?) Read more on Oil, Exchange Traded Fund (ETF) at Wikinvest

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