Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: xcr600 who wrote (24508)	6/23/2005 9:55:28 AM
From: Skywatcher	Respond to of 48461

From Dale Baker The proposed Unocal purchase by China's CNOOC really illustrates the true price of our trade deficit. Americans shop merrily at WalMart, enjoying the cheap prices and going home in those cars with cheap financing and homes with cheap loans, made possible by the flood of foreign dollars coming back into the US. But what if we have to give up real assets in return for our cheap stuff, and not just Treasury bills? Oops. Two-thirds of Unocal's operations are overseas. Say bye-bye to that oil and gas ever coming home. UCL's domestic oil production can also be shipped out if they like. There is a very real price to chronic trade deficits, whether we like it or not. Either we pay for what we import with real assets or we debase the paper assets that make up our foreign debt. Not a pretty choice.

To: xcr600 who wrote (24508)	6/23/2005 10:15:36 AM
From: tsigprofit	Respond to of 48461

Hey, we better get used to it - the first of many purchases by China I'm sure. We are transferring $ 1 million PER MINUTE to China right now. Have your kids learn Chinese if they want to work in 20 years, and make sure they know how to shine shoes well....

To: xcr600 who wrote (24508)	6/23/2005 10:17:52 AM
From: Bucky Katt	Read Replies (1) \| Respond to of 48461

They are holding so many Billions of dollars perhaps this is one way to 'unload' some of them? In the end, it is just a paper dollar shuffle, and with the huge credit expansion we have seen here, what is a piece of paper with George Washington printed on it really worth? Just think, the Maytag repair man may now be a Chinese guy on a scooter in a Mao jacket... And of course, full service @ a Unocal station could see those same Mao jacketed guys pumping gas & washing the windows...