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To: Golconda who wrote (55861)	11/11/2004 6:08:16 AM
From: Raymond Duray	Respond to of 74559

Golconda, Re: this probably confuses the issue even more, probably Quite to the contrary. Thanks for the clarity. :) **** Speaking of clarity, people are finally waking up to the nightmare that we are living in: cnn.com Do you believe there is a U.S. government cover-up surrounding 9/11? Yes 87% 3691 votes No 13% 544 votes Total: 4235 votes As they say, vote early and vote often.....

To: Golconda who wrote (55861)	11/11/2004 9:26:18 AM
From: RealMuLan	Respond to of 74559

Thank you for the clarification, Golconda. That is my understanding<g> Although Chinese gov. has never publicized the details about its foreign reserves, some scholars have an estimate: about 65% is US$ (maybe lower now), 10% Yen, 10-15% Euro, the rest of it will be gold and other Asian currencies, like HK$.. And they also said, most of those US$ are in forms of US debt, including both long and short term debt. Since we already know the longterm debt is around US$291 billions or so as of the end August, so the cash and short term US debt should be around 40-45 billion. All together China perhaps now holds no more than $335 billion US assets in its foreign reserves. It is really small potato compared with what Japanese are holding<g> And China perhaps will slowly relocate more to gold or other currencies as it has been doing in the last 6 months or so, but will be little by little so it won't cause any major fluctuation and won't be noticed by many either<g>