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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (25830)	11/30/2002 8:11:52 PM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hello Elmat, <<HK ... currency link ... U.S. Dollar>> Call me selfish or call me SOB, but right at this precise moment, there is nothing I would consider better than an absolutely massive and stupifying devaluation of the HKD due to de-linkage from the USD, because I am positioned to win, massively. But, alas, I think the officialdom will embrace the link until they can no longer, about five-six years from now. At current rate of depletion, HK's massive exchange fund will last 8 years, after all the harbours, terminals, rapid rail systems, and bridges. HK's currency, if de-pegged from the USD at the current rate (7.8), then, as money of a small territory, however rich, must be linked to something else or re-pegged to the USD at a different rate (9-10?). HKD can be linked to a basket of trading currencies, or the Chinese Yuan (at 1.05 Yuan:HKD now), but will be of no help because USD is trending down, and HKD should go down with it, not up with the alternatives. So, you see, we have no where to run, but then, again, we are positioned to not have to run. Chugs, Jay