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To: YanivBA who wrote (53624)	7/19/2006 9:22:11 PM
From: NOW	Respond to of 116555

i think gold always functions to some measure as money as opposed to commodity. other than that i agree

To: YanivBA who wrote (53624)	7/20/2006 12:52:29 AM
From: shades	Respond to of 116555

I believe Protectionism by the USA would be accepted as betrayal. They had the CNOOC chairman on bloomberg tv yesterday - he said he was surprised that america - the land of free trade had such a political backlash to thier purchase - that was very unexpected but that they will understand that in the future and they were dissapointed by the outcome. Once bitten twice shy? If you build a wall that leaves foreign products out you will indeed get instant remedy to the mismatch of supply and demand but once the land of the free starts building walls it will lose it's strongest group of supporters, the economists. Buffet says we have to do something to fix the trade imbalances. He proposed a solution that he felt would not seriously disrupt the value of the dollar. In my mind this is but a slim chance because the economists of the world are more likely to chose a basket of commodities as their reserve currency, Makes sense to me.