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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: John Madarasz who wrote (1716)	5/23/2003 12:43:21 AM
From: LLCF	Read Replies (2) \| Respond to of 4912

It will be interesting to see how the Euro continues to pan out. I was always more bullish on it than my American friends, as it seemed to me that the stoic Germans would buck up and make it fly... and they were the ones who arguably had the most to lose having the currency [DM] most likely to 'become' the Euro eventually anyway. But I hear my German friends {I lived in Frankfurt am} whining like never before now, so who knows. There cerainly seems to be shit hitting the fan over there. :( Also, it seems when set up the Germans had a bit extra representation on the ECB and it gave it credibility... is that still the case? <a gold backed yuan not pegged to the dollar...> Sounds good to me, I've been buying this one on weakness: finance.yahoo.com DAK

To: John Madarasz who wrote (1716)	5/23/2003 6:04:59 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 4912

Jim Rogers expects the Euro is "doomed to fail" as well, and expects the renmimbi very well could replace the $, Yen and Euro as the new world currency of choice for alot of very believable reasons i must say, sometimes these old fogies are full of a lot of hot air. i just read Rogers' little self-congratulatory article in Russell's letter where he claims buying China now is like buying New York in 1907. nothing could be farther from the truth. maybe Rogers will be lucky to live long enough to see where the tremendous differences between China in the world today and the US in the world Back Then cause their paths to part. maybe he wouldn't consider that lucky... Jim Rogers also recommended Africa as a great place to invest a million dollars back in the mid-90s. hopefully he ignored his own advice and did not invest his niece's inheritence in some place like Burundi. i think the investing world has a big case of "China Awe". for chrissakes, the people running China are even more incompetent than the people running Western countries--just look at SARS. and their banks are a disaster waiting to happen. this is a country the world is going to stick its reserves in? not in the next 30 years! besides, obviously the Chinese will want to keep their currency as weak as possible to maintain their competitiveness. their main three advantages are of course Cheap, Cheap, and Cheap. hell, they've got permanent unemployment of something like 100 million. they NEED to move more and more cheap labor there. this requires that they continue to beggar all their Asian neighbors (while stealing as much technology as possible). there's a reason all that stuff in Wal-Mart doesn't come from Switzerland, and it's not because everybody's busy making cuckoo clocks! China is a huge, bungling mess, not some Kung Fu Master riding out of the history books to take over the world. before China has a chance to develop the physical and societal infrastructures needed to become an advanced nation, the world will be in a serious energy crisis that will set us back 100 years. then if Rogers wants to invest in New York like it's 1907, he won't need to leave Manhattan--he can just ride his bicycle down to Wall Street!