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To: mishedlo who wrote (59586)	4/26/2006 1:29:52 PM
From: shades	Respond to of 110194

So far you, I and Heinz are the only three I know that think the RMB might crash if they floated it. Steve hanke has been saying this a long long time as well as many others. That not floating was all that saved them in the 97 crisis. Even Krugman was talking about it many many years ago. Hanke goes further to say the current administration perhaps wants to engineer a crash and regime change and that is why they are putting all the pressure on to revalue. uscc.gov uscc.gov And if you will watch a couple of these guys hearings - many of thier staff and many of the businessmen they interview say many interesting things. uscc.gov Congress should press the Administration to file a WTO dispute regarding China’s exchange rate practices. These practices continue to violate a number of its WTO and IMF membership obligations, including the WTO prohibition on export subsidies and the IMF proscription of currency manipulation. Congress should press the Administration to respond to China’s violation of its international obligations by working with U.S. trading partners to bring to bear on China the mechanisms of all relevant international institutions. HAHA - they still pay my friends in central Florida to NOT GROW CORN in the middle of high gas prices - come on?!? The Commission recommends that Congress encourage the Administration to use Executive Order 13382 to freeze the assets of Chinese firms involved in WMD or missile-related proliferation, or Chinese companies or financial institutions that may be assisting or lending to such proliferators. Congress also should encourage the Administration to expand the provisions of Executive Order 13382 so the U.S. property of a parent company can be frozen if the parent knows or has reason to know about the proliferation activities undertaken by its subsidiaries, or so the U.S. property of financial institutions can be frozen if they know or have reason to know of the involvement of their lending customers in proliferation activities.

To: mishedlo who wrote (59586)	4/26/2006 7:05:45 PM
From: TobagoJack	Respond to of 110194

feels comfortable in this very extremely small club :0) i keep reminding folks, that the chinese invented the honesty printing press and the solidity paper money, and it is not as if they cannot use the printed wealth to meet a 300-year pentup demand on printing, the china officialdom has mega interest to make rmb a floater, and then a hard currency, because they know they can then commit the genuine fraud of printing money, as opposed to the pseudo fraud of fixing exchange rate speaking of genuine fraud, i understand usd is being last rited ;0)

To: mishedlo who wrote (59586)	4/26/2006 9:56:27 PM
From: RealMuLan	Read Replies (1) \| Respond to of 110194

Mish, I don't think so. Those who want to force China to float RMB know exactly what would happen to RMB as you do! Because the collapsing of RMB and collapsing of China, are exactly what they want! First, after RMB rises temporarily, they withdraw the hot money, billions of billions, from China, so they gain big profit. Second, after they withdraw all their money, RMB will collapse, just like what happened in Asia in 1997. And then ALL the foreign gov./companies can force whatever they want to on China, including separate China into 7-8 unrelated countries. Yes, for all the last 150 years, the West (imperialist countries) have never for one day forgot this dream of theirs (please don't take this personally). Yes, many of them do not talk about this, since it is NOT within their so-called value system. Most of Chinese know this! And that is exactly why they will never make concession in currency issue. Yes, one day RMB will float, but that day will be chosen by China and Chinese, NOT by others.