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To: RealMuLan who wrote (12817)6/24/1999 1:53:00 PM
From: lin huan chen  Read Replies (1) | Respond to of 17770
 
Yiwu:
Your guys all sound like some kind of Sinologists

The problem is you even don't know your own history. My wife is a Chinese history professor. Of course that doesn't qualify her as a
Sinologist as you are.

Communist China got aids from Russia for years, doesn't that qualify you as "hanjian"?
BTW, since when Marx, Stalin become Chinese?



To: RealMuLan who wrote (12817)6/24/1999 3:20:00 PM
From: lin huan chen  Read Replies (1) | Respond to of 17770
 
About one oz. gold cost $3 in 40's, you are also making a fool of yourself. First, what year of dollar was that? Do you know what was the average monthly salary in 40s in the US? If you don't know then go look it up. Second, haven't you even heard of "gold reserve"? So gold was valuable in 1940's, not because of the value of itself, its value was in the backing-up of a country's currency. Without the gold as a backup reserve, Taiwan currency could never be that strong. US dollar become a reserve currency happens only in the recent two decades.

I am not economist but I have friends who are. They are teaching economics in university. I just talked to them about your theory. They just laughed. Here are excerpts from them:
Taiwan was as poor as China in the 40's if not poorer. 700 tons gold was not enough. Economists credit Taiwan's success on having sound economic policies. Philippine and Indonesian had more gold reserve and were much richer than Taiwanese then. How do you explain that?
Another excuse is: Taiwan is small and low population so it is easier to be successful than China to be successful. Counter point: Taiwan has only less than 30% useful land and denser population. China has better resources to be successful. When you guys were busy killing each other, we were working hard to build our wealth.
Summation: You guys had screwed up!!!