SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: mishedlo who wrote (557)9/4/2003 10:28:50 PM
From: Jim Willie CB  Read Replies (1) of 110194
 
I suspected a while ago, like Wallenwein, that China would eventually peg versus the highest currency at the time
and in time that will be the euro

but a peg against a basket of currencies would be fair
only trouble is that the peg will be unreasonably low versus the bunch in aggregate, and will not solve anything

this is about misunderstanding economics and accommodating politics

too much of the former and all efforts for the latter will be of minimal value

if and when China floats the yuan, ALL HELL WILL BREAK LOOSE
imagine 40% of WalMart inventory rising 2-fold in price

this yuan should rise 20-25% per year for as far as the eye can see
my goal remains to kick some precious metal miner butt,
then move most of the money into China Templeton Dragon fund
THEN LIVE OFF THE FATTA THE LAND
AND WATCH THE WORLD SQUIRM
WHILE MY RIGHTS DIMINISH TO NOTHING

/ jim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext