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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: w0z who wrote (107196)	7/22/2003 6:12:34 PM
From: RealMuLan	Respond to of 281500

Actually, it was closed to 55%, so definitely a majority, too bade to disappoint you.<g> China will export to NK even if China has an absolute trade deficit. China has done it since 1949, so what you are reading/assuming is wrong. There is NO connection, whatsoever, between the export to NK and China's trade balance.

To: w0z who wrote (107196)	7/23/2003 4:27:52 AM
From: Maurice Winn	Respond to of 281500

Bill, your maths isn't very good. China is shipping megatons of stuff at really cheap prices to the USA in exchange for pieces of paper [or maybe just some magnetically store pixels] saying "In God We Trust" and which proliferate like sars according to the edict of Uncle Al KBE. Now, you might think they'll go on delivering all that stuff in exchange for those promises, but at some stage, mathematicians look for boundary conditions. They'd suspect that China might start to look for stuff in return when the number of $$ pixels and paper held by Chinese companies nears infinity. A customer is only any use if it pays for the goods they buy. A $ is only a promise to pay. It isn't actually payment. Given the bad press of religious fervour these days [what with Al Qaeda and their like] "In God We Trust" doesn't sell as well as it did and doesn't engender the same confidence in those who print the dollar bills as when they represented lumps of gold. "In Gold We Trust" is a bit more convincing than "In God We Trust". The missing l is just a bit too much depreciation to have really long term confidence in the promise. And Uncle Al KBE is getting on, so we can only trust him for the rest of his term, assuming his health holds. Do you really think that the USA will stop buying from China? Giggle. Walmart would go out of business. Maths is a way of representing reality. Your maths was a fun house mirror distortion of the reality. USA inflation would get quite a jump if China's products were banned. That would cause quite a few changes, starting with the US$, which would not be going up. Nor would USA living standards. Trade works in two directions. Yes, China would do badly if the USA cut off trade. But the USA wouldn't exactly be zinging along either. I love Made in China. Mqurice.