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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (166406)	7/18/2005 10:39:32 AM
From: jttmab	Respond to of 281500

I guess so long as China continues to manufacture cheap goods for us we are ok. Which makes one ask what happens at the US retail level if China lets their currency float in the open market? I don't think the world has ever seen anything like this. [Which perhaps leads to the inadequate parallels.] China is sucking up natural resources on a global basis. In terms of GDP China doesn't have the largest global economy, but in terms of influence and control of the global economy they might be already there. jttmab