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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (28440)	2/23/2003 4:54:17 PM
From: X Y Zebra	Read Replies (2) \| Respond to of 57110

perhaps China does not want to become a "world" dominator by means of imposing their policies elsewhere... any empire in the end falls... in the past they fell because they had political control of different regions... the US for years had economic power over other regions (example Latin America) but not political.... in Viet nam, they tried to have a direct control over the destiny of that country and look at what happened... The US is trying to do the same with Iraq... and it will NOT be pretty... further... the US is losing control ECONOMICALLY of entire regions... and that is where China has the advantage... what happpens as a result of it ? I do not know... but it certainly is not looking good for the US.... given current present sets of facts.... perhaps they will dominate by simply being the manufacturer of the world. Will the Chinese consumer push costs in China ? probably yes... (although check that statistic about 500,000 engineers coming out of Chinese universities every year... ) all of them have to work to survive... yes, their standard of living will rise but will they SIGNIFICANTLY close the gap between costs of manufactring in the US as opposed to China ? I doubt it. Now tell me... how is it that you envision US "come back" when you have the fed lowering rates and willing to print more money ? unless there is a drastic change in policies... at the political, military and financial level... what we are facing Jorj... is not a common thing... there is also the factor of terrorism... this can have incredible UNSEEN costs in regulation, defense and possible destruction of infrastructure and interruptions in processess... I do not know the future... but I have to go with what makes the most sense.... It will be a long, long long time before China will face the labor costs that the US faces now. When China begins to consume..... watch out you better have some investments in commodity related companies/items.... I hope I am wrong... but ... the more I read and listen to certain people... what I have been saying is what I think it will happen.... listen to that interview Marc Faber has a very clear image of what has been going on and I think he has a good chance of being correct in his projections... same thing with Jim Rodgers