There was an excellent interview on BNN yesterday. Ravi Batra (author of Greenspan's Fraud) talks about his views on the "killing cure", consumer debt, lowering interest rates, and the need for a raise in minimum wage.

http://watch.bnn.ca/squeezeplay/octo...

He believes that it will be not until 2010 before the world economies will finally have righted themselve. There will be another "two years of pain".

So I think it's imperative that Richard Nemis and his team have a strong financial plan going forward (I am assuming a "win" for retail shareholders in the proxy battle). He needs to shepherd our resources.

An economist at the CIBC in Toronto writes in the Globe and Mail today (commenting on the rather precipitous drop in the C$):

"It may take longer to get back to parity [US dollar] if we start from 75 cents or worse, but a country [Canada] blessed with scarce resources that the world will again be clamouring for, will, a couple of years from now, have a currency that's back on par with the greenback.”

Even in these difficult times, there is light at the end of the tunnel. So we, the retail investor, who has voted for RN and Co. need a plan, need a vision, going forward. Let's hear it at the AGM.

Snug