Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (6760)	8/6/2001 1:16:31 PM
From: elmatador	Read Replies (1) of 74559

Without abracadabra, China could take the world out of the nose dive. Germany had in the late 80's some USD90 billion in reserves. That was enough to 'buy' the Eastern side of the country from the communist era. That created a positive economic effect in the whole Western Europe that lasted the early 90's. (Not to mention: that Western Europeans got rid of a lot of old cars, got cheaper(and better looking) nannies. China could get those huge USD reserves from Taiwan and make China the world's economic engine. The problem is: Western countries would have to acknowledge that China had arrived. It would be difficult to get the hands on those Taiwanese reserves.

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