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

To: UncleBigs who wrote (59558)	4/25/2006 10:53:44 PM
From: Fiscally Conservative	Respond to of 110194

Yes,that would work for some,but for others who would be jepordized via their business relationships in China,it would hurt. Big business runs the show right now. Therefore little to no support will emerge from Schumer's 27.5% tariff idea,imo.

To: UncleBigs who wrote (59558)	4/25/2006 10:59:13 PM
From: sammy™ -_-	Read Replies (2) \| Respond to of 110194

China is not manipulating its currency to make its exports artificially cheap it is simply maintaining the value of its currency against the dollar... imo

To: UncleBigs who wrote (59558)	4/26/2006 12:38:10 AM
From: TobagoJack	Read Replies (2) \| Respond to of 110194

<<I support Schumer's 27.5% tariff if China won't stop manipulating their currency>> ... I do as well, for I wish to see my gold rise with less resistance. <<It would reduce the budget deficit and encourage more savings>> ... unlikely. all it will accomplish is to boost govt revenue at the burden of tax payers, encourage government waste, even as it makes the consumers less well off. that is the way it had always gone with tax hikes, and tariff is a tax. <<Trade based on a fraudulent currency scheme is not fair and shouldn't be tolerated>> ... yes, i suppose the RMB scheme is a fraud, but not more so than the USD regime. On the other hand, trading bits of electronic blibs and shreds of inked paper for manufactured goods certainly does not sound fair, and so perhaps you are correct, but in the wrong way. I hope, between Clinton and Rice, you will vote wisely :0) and that they in turn will choose the correct approach to redemption. chugs, j