Hi DJ, <<which for me just rephrases your question>> ... get with the program, subscribe to the Script, anticipate TeoTwawKi, and look forward to abracadabra.
China, the still small but getting bigger and still incubating baby, must nurse on Japan's wealth, sop up on US' market buying power, convert Indonesia's resources, and ...
This is why the US officialdom had been pushing globalization (not, as rumored, because the US believed it would end up in charge), Greensputin is harping on productivity, Bernankaput is raving about printing press, and Pax Americana is intent on keeping the oil price low ...
... until China can stand 100 feet tall on its own 8 feet :0)
And this is why the Chinese Yuan will not appreciate until it is good and ready. In the mean time, Japanese can invest their highly valued Yen in Chinese Yuan-space, US can move their high cost factories to Chinese USD-space, Chinese goods can have a growing 'niche' market in the USD/Yen/Euro spaces, and China can finance infrastructure/social investments with more printed Yuan, and this is also why every other country must print, print, and print some more.
Have you ever played 'Last Man Standing' on-line ;0?
Chugs, Jay |
