needed to control your economic future as a country or even as a company i want to ask that to dr stephen leeb chairman and c i o of lead capital management and author of red alert how china's growing prosperity threatens the american way of life so dr lee we have this announcement i'm just curious if you see this is kind of an example of a bigger picture issue of this tension between energy and the economy the tension between wanting to grow grow grow grow but having ever depleted resources that are getting more expensive. well lauren on many counts the answer is yes it is and it is absolutely an example of the kind of tension and you're not just seeing it in argentina i mean you're seeing in an in australia where they're starting to raise taxes on miners i mean you know it's common sense that if you have something in the ground which you think is going to go up in value why should you sell it today if you think you can sell it for twice as much tomorrow so i mean that's sort of the common sense issue of scarcity of resources once people become convinced they have something that's just going