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

To: TobagoJack who wrote (99609)	11/11/2008 8:58:28 AM
From: TH	2 Recommendations Respond to of 110194

TJ, You are a treasure, but better than gold. Great insight, as always. GT TH

To: TobagoJack who wrote (99609)	11/11/2008 8:59:01 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 110194

It is interesting you on the one hand mention china's peasants desperately struggle for a livelihood, and on the other talk, elsewhere, about how china's exchange rate should be higher ... Oh.. ok.. so you're claiming that China hasn't moved millions of Chinese subsistence farmers into cities on the promise of economic elevation doing factory and infrastructure work.. And secondly, your claiming that had all the profits (selling dollars and buying Yuan) from China's exports been repatrioted back into Yuan would not have placed upward pressure on their currency (versus the dollar) but causing internal inflation due to surplus of cash in their financial system?? Maybe you have an alternative explanation for why China maintained $1.9 Trillion in reserves denominated in US dollars? They increased their US dollar reserves by $300 Billion in the first 3 quarters of this year: news.xinhuanet.com ... I call that free market justice, one side loses hard assets in the form of machinery, building, and whatever else, and the other side loses jobs. What do you call it? Communism? I call that CRIMINAL, corrupt, exploitive, and just plain stupid (where can these managers hide?). Is that what the Chinese people desire, to replace one totalitarian taskmaster for another? Economics are supposed to serve the people of a country, not the other way around. If you believe that corporate managers/owners can just burn all traces of their criminal activities (likely including stealing the company's cash assets) and then just disappear, you've certainly got a twisted sense of how capitalism should work. But apparently you believe corporations have a superior sovereignty than national governments, especially those elected by their citizenry. Since China has no popularly elected government, it's nothing more than a country ruled by robber barons and oligarchs. And when they are permitted to exploit individual people in such a manner, it's little wonder there are communist revolutions full of deluded individuals who think centralized government results in a better deal. Again, I believe economic theories are meant to serve the people, as a whole, not just for the few. We'll just have to agree to disagree. Go buy your gold and then see if you can find a safe place to hide it when the governments (representing the people) find it and confiscate it. Then you'll see who is more sovereign. Hawk