To: Cogito Ergo Sum who wrote (62124 ) 3/21/2010 7:50:13 AM From: TobagoJack 4 Recommendations Read Replies (2) | Respond to of 218578 it turns out china's mildly stern talk on rmb appreciation in reaction to wastrel usa congress morons' uttering is apparently based on premise we are familiar about: - china is not just a larger version of japan/korea, and is in truth a continental economy helped by but otherwise not dependent on export to usa, as opposed to rest of the world but only on r.o.w. free choice - china only needs to do what is best for china, and is not at all beholden to usa congress, and perhaps especially not beholden to usa congress and any wastrels it may claim to represent - china inflation can be calmed if global and china economic temperature is lowered, by tightening of monetary this, currency that, or trade somethingelse - china shopping can be made more efficient should usa congress enable a global depression centered on washington dc - usa would still have to buy what it needs to buy, from china, because buying instead from supposed india capabilities, vietnam intentions, or indonesia wishes are all, for those who know better, non-starters which are simple dreams of economist magazine and naive utterings of wall street journal - the only difference a trade war would make is that the already poorer usa consumer pay more for stuff made in china, but pay such to chinese workers (20-40% compensation raise across the board from shanghai to guangdong as we post) and to washington wastrels who would then direct the newly extorted 'income' to failed general motors and thieving goldman sachs - if must be so to keep the world going, so be it should above be even half correct, the declaration by usa of trade war and the engagement by china on such declaration is a serious and material probability if and when so, our cash would then be more useful, before one or the other side of the trade war cry uncle i am enthusiastic anticipating wanting to be blessed