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 (59930)	2/3/2005 12:02:02 PM
From: Maurice Winn	Read Replies (1) of 74559

<The plant is experimental and costly, but China is willing to make the investment to lessen the country's dependence on foreign oil. For an investment in China's long-term fuel supply, there is no time like the present -- when the country is not in a financial crisis.> Oh, it seems that China has found use for another $3.3 bn printing of yuan. The speculators wait for the revaluation because they KNOW the yuan is undervalued, even while it's being diluted as they tightly clutch their promissory notes from China. There is a LOT of stuff on which China can spend freshly-minted money. If they spend 1 trillion, of freshly printed yuan, perhaps that would be sufficient to reduce the value of the yuan sufficient to satisfy the speculators' lust for yuan revaluation. Surely they know that if the number of yuan in circulation doubles or trebles, then it's worth less and so are their speculative holdings. Who needs oil? Liquefy coal. Cover deserts in photovoltaics. Drive a cyberphone instead of a car. Leave the Airbus 380 parked in the garage. Cancel Concorde. Cut the population with H5N1 and lack of interest in babies. Mqurice

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