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To: KyrosL who wrote (181740)	7/21/2002 6:44:00 PM
From: TobagoJack	Read Replies (1) \| Respond to of 436258

Hi KyrosL, <<will China and HK continue to devalue their currencies along with the dollar?>> (a) I am told by PBOC (PRC CB) folks 'yes' when I ask a BTW question during chit chats about insurance licenses and such; (b)I believe them in that they mean to, and can do it (just release money to fight deflation); (c) I believe they need to, so as to have more 'money' to cleanse the sins of 50+ years of communist social baggage; (d) I believe they want to so as to siphon the manufacturing asset and capital out of Japan and remove strategic threat; and (e) so I believe they will. Message 17770787 To ease the trade surplus situation vis-a-vis the world, China will supposedly be importing in large dollops of metals (A to Z) for filling strategic metal warehouses as all metals, led by copper (and so watch copper contracts for sign of strategy implementation) are cheap and more useful over the longer term than Cisco routers and hubs, which, in any case, are made in China. This last bit is similar in nature to gold transfers of the Aztec era before 1973 gold window closed. Chugs, Jay