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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: gladman who wrote (13918)	5/20/2009 12:43:46 PM
From: ahhaha	Read Replies (1) \| Respond to of 24758

It's a smokescreen either intentionally(not likely) or inadvertently. The article says, "The move was an attempt to reduce transaction costs by eliminating fees on currency exchange." That's a rationalization. The true reason I gave in #13910. China and others need to reduce dollar risk especially since the love of socialism in the US has gotten all out of control and will bury any nation tied to the dollar. I heard Jack smooth-it-over Welch wax large about the glory of the always-comes-back US economy. What an idiot. Like most, if not all, NY pseudo economic pundits, the guy has no clue about the degree to which the US has gone towards socialism. Welch thinks he's pro capitalist when actually he's pro Welch. The DMers have rightly divined that Welch-like stupidity can be used to bring about yet further socialism. It wouldn't matter anyway because few in the US can see that the country is already deeply in, and seeks to go all the way in by replaying the experience of the Soviet Union. We can make it work here, they think. We just need a longer whip.