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Politics : American Presidential Politics and foreign affairs

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To: Peter Dierks who wrote (26870)	3/18/2008 10:48:28 AM
From: DuckTapeSunroof	Read Replies (1) of 71588

"Panic is a wonderful toll for revealing people's quirks." A crucible. (PS --- with regard to China... I think we [investors] are beginning to see some of the inevitable, unavoidable, [albeit a bit delayed <g>], shortcomings of the Communist Party's command-driven economic system. They can raise interest rates and reserve requirements all they want to but, in the final analysis, unless the currency is allowed free market float all those other financial interventions will produce major negative blow-backs for the country's economy. Same with trying to 'keep inflation from hurting the little guy too much' by capping the price of gasoline --- thus trashing the profits of the countries oil companies who must buy higher priced dollar denominated foreign crude oil to meet demand. There too they are 'host by their own petard' by their policy of currency manipulation. I suspect though that politicians everywhere are mostly pretty clueless... [whether Western or Eastern], and, with the Party's Central Committee in session this month, and Tibet in turmoil, the sweet light of free market reason might not be allowed to shine for a while yet. :-)

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