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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: SliderOnTheBlack who wrote (41178)	3/31/2005 6:20:23 PM
From: CommanderCricket	Read Replies (2) of 206089

Slider, What happens if the Chinese remove the dollar peg and let the RMB float. If the RMB goes higher and it may, everything including oil is cheaper for China and your scenario doesn't hold. It's like be careful for what you wish for. Additionally, they've got billions of depreciating dollars to pay for oil. I can easily see this scenario turned against us very quickly by dumping treasuries or co-opting Chavez with above market long term contracts. China has more cards today then the Soviets did in early 80's. For one, they are more intergrated into the world economy. The USSR certainly wasn't. If the US had it's house in order, I could see how we could pull this off but not with the twin deficits and depreciating dollar. We do live in interesting times. Michael

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