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Gold/Mining/Energy : A to Z Junior Mining Research Site

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To: 4figureau who wrote (3054)	1/30/2003 12:32:18 PM
From: Jim Willie CB	Read Replies (3) of 5423

as long as the Chinese yuan remains pegged to USDollar... US will continue to import, totally out of control Fed Monetization will be useless, as we build up the Chinese economy with a massive $30-40B/yr surplus non-Chinese Asians will see their mfg base crumble (already happening in Japan) a 15% further USDollar drop wont affect China one bit but non-Chinese Asian currencies might rise in the process if that happens, then Chinese competitive position improves even more so, crippling Korea, Taiwan, and other Tigers more this will get ugly yes, US and European mfrs will be hurt more also I BELIEVE BY THE END OF 2003, CHINA WILL BE THE BIGGEST INTERNATIONAL STORY OUTSIDE THE TERRORISM AXIS REALM it will emerge into a grand geopolitical debate and conflict it will highlight the backfired insanity behind shedding our mfg base to Asia so what if our import costs come down? our engines of internal wealth production are gone!!! we are now creating jobs in China our internal mechanisms to support the USDollar decline are gone!!! the decline cannot be stopped from American mechanisms now this is the formula dynamic for erosion of American wealth, prestige, and power we invite a USDollar freefall, for numerous reasons maybe DougAK would like to chime in with some deep thoughts / jim

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