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To: marek_wojna who wrote (70671)	10/25/2008 1:17:11 PM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 74559

That's a novel thought = Americans busting into Mexico after a century of Mexicans busting into the USA: < If I'm correct we might see migration of Americans to Mexico beaches where cost of living is really cheap. BTW, QCOM is a strong buy, I agree. I'll bet last penny most of the people would give up an ounce of gold instead of the cellphone or any other gadget they got used to. > When the great Asian Contagion struck, QCOM went down but my guess was that cellphone sales would accelerate because communication is an essential ingredient of human life, especially if somebody wants money which they do in a financial crunch when feeling wealthy dissipates. QCOM did very well during the Asian Contagion. The same thing will happen now though to less extent as cellphones are now more established. But mobile cyberspace is not, so cyberphone sales will accelerate. Here's the link to China's moan about US$ making big profits for USA. Of course the USA uses US$, which is just another product and service like CDMA, Windows, Ford, to make money: reuters.com < BEIJING, Oct 24 (Reuters) - The United States has plundered global wealth by exploiting the dollar's dominance, and the world urgently needs other currencies to take its place, a leading Chinese state newspaper said on Friday. The front-page commentary in the overseas edition of the People's Daily said that Asian and European countries should banish the U.S. dollar from their direct trade relations for a start, relying only on their own currencies. A meeting between Asian and European leaders, starting on Friday in Beijing, presented the perfect opportunity to begin building a new international financial order, the newspaper said. The People's Daily is the official newspaper of China's ruling Communist Party. The Chinese-language overseas edition is a small circulation offshoot of the main paper. Its pronouncements do not necessarily directly voice leadership views. But the commentary, as well as recent comments, amount to a growing chorus of Chinese disdain for Washington's economic policies and global financial dominance in the wake of the credit crisis. "The grim reality has led people, amidst the panic, to realise that the United States has used the U.S. dollar's hegemony to plunder the world's wealth," said the commentator, Shi Jianxun, a professor at Shanghai's Tongji University. Shi, who has before been strident in his criticism of the U.S., said other countries had lost vast amounts of wealth because of the financial crisis, while Washington's sole concern had been protecting its own interests. ... continued... > For a decade I have been similarly moaning, but I have a plan and a prototype currency nearly ready to go = the Qi. China and Euros don't need to do anything. Mqurice