Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: marcos who wrote (34467)	5/28/2003 3:13:12 PM
From: TobagoJack	Read Replies (3) \| Respond to of 74559

Hi marcos, I detect a change in attitude amongst the Chinese folks I deal with in regard to their comfort level with the US in general, and its currency in particular. The USD has been the (second) defacto currency in China since 1982. There seems to be a new flexibility, perhaps a bit late, with their willingness to distance themselves from USD currency. Japanese Yen as mattress stuffing is out of the question. Euro? Their prejudice against the make-belief currency regime is breaking down, but only slowly. Gold? A lot of folks will be enthusiastic; most will require no substantial training; many will simply reload the previously banned micro codes and patch same into their genetic algorithm, and happily collect gold, as if the 55-year dark interim of illegal gold never happened. As they do this, their mattress money will be freed up for circulation, and … oh you know, much good things, plus gold will be a thermometer up the government’s behind, displaying for all to view what the electorates feel via the domestic gold exchange. This, together with the global-sized thermometer up all goverments' behind, in the form of exchange-traded gold, will make the world a better place. In order for this new democratic initiative to work, and because of this initiative, JPM and GS must reallign their gold interest with popular will, whatever that will. New currency regime rising in fact if not in fiat. Chugs, Jay