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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (127510)	7/26/2005 1:03:32 AM
From: Peter Dierks	Respond to of 793752

"They would have to sell them at an enormous loss. It would be world wide economic suicide. They are not that crazy." George Soros has gotten wealthy using the strategy of accumulating currency denominated securities, dumping to create panic and buying back at lower prices. Sometimes, Soros just sells short without ever having an initial investment. If China were truly waging economic war, they would not prop up the greenback at any price. It would be a very expensive investment in war. A country that promotes generals that threaten nuclear first strike maybe capable of that.