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To: EL KABONG!!! who wrote (38481)	9/20/2003 3:52:00 AM
From: Raymond Duray	Read Replies (1) \| Respond to of 74559

Re: Chinese revaluation could easily become the hatchet that kills the goose that lays the golden eggs, and most everyone knows it, whether or not they'll admit to it... OTOH, this could well be a totally delusional fantasy on your part. To suggest that maintaining an artificially low value on the yuan based exports of China is beneficial to manufacturers and their employees in higher wage nations is risible on its face. It is fantasists like you who are happy to completely hollow out the American economy and send the U.S. down the road to perdition and third world status. While the profits are hauled off by the Waltons and their ilk to to their tax-advantage domiciles in the Caribbean.

To: EL KABONG!!! who wrote (38481)	9/20/2003 4:34:43 AM
From: Seeker of Truth	Read Replies (1) \| Respond to of 74559

Hi Kerry, "Anybody who's competent knows " that revaluation of the Chinese currency won't add one US job. You are absolutely right. The problem is that Joe6P is not competent. By November 2004 he'll be EXTREMELY worried about his job. The Republicans will blame the situation on Chinese policy, China becoming in their propaganda yet another distant enemy, albeit an economic enemy, not a military one. If they can convince Joe6P that their own policies are not to blame, they may win that election. Lost your job? Blame China. No more pay raises? Blame China etc etc. I personally think that a maximally educated work force can make a living in this world, China effect or no China effect. There is such a rich space for innovation. Inventive people will prosper. Way on the horizon, beyond our investing life, there lies the beginnings of selective breeding for intelligence, educateability. Societies will slowly see that in the end brains count. Meanwhile gold and oil/gas and some subset of Jay's superb list of selected Chinese stocks traded in HongKong will do fine. JMHO