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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (42306)	4/21/2005 2:04:04 AM
From: schrodingers_cat	Respond to of 206161

In practise, they may end up selling their T-bills for oil. If the world is close to peak oil, then the Chinese will have the financial firepower to get the oil they need. Apart from that, I think the Chinese have to keep buying US dollars. Even if they repeg their currency, they will still need US markets for their products, so they will have to finance US consumption. What they get in return is industry and jobs exported from the US to China. It should also be pointed out that Euroland and Japan are dead economies which have been strangled by regulation, and that the European politicians are at least as bad as the US ones. At least in the US there is a growing economy and a pro-business environment, even if there is some mismanagement by the current President and his party.