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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (56511)	3/22/2006 7:36:03 PM
From: sciAticA errAticA	Read Replies (1) \| Respond to of 110194

OT, a must read - Cold Warrior in a Strange Land A Tomdispatch Interview with Chalmers Johnson tomdispatch.com

To: Ramsey Su who wrote (56511)	3/22/2006 9:04:52 PM
From: TobagoJack	Read Replies (3) \| Respond to of 110194

morganstanley.com Chuck Schumer ... is using the bully pulpit of a prominent politician to put so much pressure on China that it will have no choice other than to give. Nor does he have much doubt that this approach will work. “This is exactly what I did in Japan in 1986,” he said -- apparently the last time he was in Asia. “It worked in Japan and it will work in China.” ... ... In a short span of 24 hours, I had heard it all on both sides of the China debate. The Chinese leadership was amazingly transparent in expressing their own hopes and concerns at a critical juncture on the nation’s extraordinary journey. And then the Washington crowd blitzed into Beijing with an agenda of its own. What was missing was a willingness to bend -- for both sides to come together in the best interests of the collective whole. The great paradox of globalization never seemed more vivid -- our economies may be global but our politics remain decidedly local. Unless we resolve that paradox, I am afraid the win-win dreams of globalization advocates could remain fleeting." I will do my own version of the same episode as Roach in mid-April, and my guess at this juncture is that China will not blink, certainly not to the likes of Shumer. Recommendation: Continue to accumulate gold.