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

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To: CommanderCricket who wrote (41179)	3/31/2005 6:48:20 PM
From: Bob Swift	Read Replies (1) of 206092

China will re-peg sometime this year per Wen Jiabao but the world is not going to like it. Inexpensive goods suddenly vanish from Wal-mart and inflation rear its ugly head. The banking system in China is in bad shape and they desperately want to fix them before they are obligated to open up for competition end of 2006. The hugh US treasury holding will be used to fix the problem. With higher oil price, all those useless construction projects in China will come to a halt but not the export oriented enterprises. China may emerge stronger when market forces reins in its excess. The crystal ball is not that clear for any responsible president to use oil as a weapon. Does oil price have anything to do with the twin deficit and the dying dollar ? I long for the day the Chinese evil dictatorship falls too but it is not communism they are practicing there anymore. It is fascism.

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