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To: Paul Kern who wrote (75657)	12/14/2006 3:39:50 PM
From: $Mogul	Read Replies (2) \| Respond to of 110194

No, they must force them to float their currency freely ASAP or we all end up working for China one day as they will own us. China already buys billions in US Treausries and that will stil continue, yes at a lower pace if they float the currency, we know this but "if" the Fed lowers rates to save the economy bonds will be a flight to safety, and will have Central Bank buyers with free flaoting currencies regardless of China's declined purchases. The free floating Renembi is key for the US to get out of this debacle with it's head.

To: Paul Kern who wrote (75657)	1/31/2007 11:22:44 AM
From: $Mogul	Respond to of 110194

You knew the below from my post on in mid December. Message 23102837 Treasury Secretary Paulson Testimony to the Senate Banking Committee China's currency policy is a key factor in our economic relationship. China does not yet have the currency policy we want it to have and that it needs. Treasury's foreign exchange report clearly states that China's cautious approach to exchange rate reform exacerbates distortions in its domestic economy and impedes the adjustment of international imbalances. 10:00 AM ET : Treasury Secretary Henry Paulson to testify to the Senate Banking Committee on the Treasury's report to Congress on FOREX policy and the U.S.- China dialogue, in Washington. China's currency policy is a key factor in our economic relationship. China does not yet have the currency policy we want it to have and that it needs. Treasury's foreign exchange report clearly states that China's cautious approach to exchange rate reform exacerbates distortions in its domestic economy and impedes the adjustment of international imbalances.