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To: TobagoJack who wrote (43624)	12/18/2003 8:40:22 PM
From: elmatador	Read Replies (1) \| Respond to of 74559

<<China Cancels Africa's Debts>> While the west is not looking they encroach in there. Nice tactic!!!

To: TobagoJack who wrote (43624)	12/19/2003 6:51:52 AM
From: smolejv@gmx.net	Read Replies (2) \| Respond to of 74559

Hi Jay - I love one-liners. And I love substance. And nothing - space left? yes - nothing can beat the combination. DJ

To: TobagoJack who wrote (43624)	12/19/2003 2:50:01 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

<<<China Cancels Africa's Debts>> ... for goodwill and access to resources, without lectures and double-speak ;0)> China has US$. They have rembi thingy. They can use a LOT of resources and add a LOT of value and sell them for a LOT more US$. Africa [whoever Africa is, but going with the stereotype] owes them a bunch of money, rembis or US$. Say it's US$ [probably is]. China says, "Forget about that money you owe us. Sell us 10 years of copper, coal, coffee, cobalt, chromium, [or whatever it is that Africa has], and we'll pay you such and such a price." The price will be cheaper than what it'll be in two years. So China is buying a forward contract, knowing that their consumption will drive the prices up. It is a bet against the US$ and in favour of commodity prices [which they control because they are the ones with demand, which they control and intend to increase]. They get a deal on the resources now in exchange for correcting an excessively low price a couple of years ago, which is expressed in a debt which "Africa" can only pay when they sell more stuff. So it's not really 'goodwill', though that comes with the trading. It's just eons-old buying, selling, colonization and empire in the initial stages. The USA will observe the obverse of global trade, with themselves in reverse. The USA would do well from a NUN. Far better than a PNAC. The USA is to the NUN as Taiwan is to China and New Zealand is to Australia. That's my theory for the day Jay. Mqurice PS: Lectures and double-speak will come later, inevitably.