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Strategies & Market Trends : China Warehouse- More Than Crockery
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To: RealMuLan who wrote (4928)5/25/2005 6:37:13 PM
From: regli  Read Replies (1) of 6370
 
>>Eventually, China will find it in its own self-interest to de-link its currency from the dollar, not to let float but rather to find another stable anchor for the yuan, such as gold or perhaps a currency board. Finding another stable currency anchor for the yuan not only would eliminate the U.S. government's ability to pressure China into a currency devaluation; it also would free China from importing cyclical waves of dollar deflation and inflation as U.S. monetary authorities continue to make monetary errors of their own by their persistent manipulation of interest rates to determine the value of the dollar.<<

Interesting, I am obviously not alone.
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