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To: SuperSonics who wrote (38544)	1/25/1999 3:52:00 AM
From: SC	Respond to of 50808

<<Well, I am not saying the Chinese RMB will devaluate, just that it doesn't make any sense to quote the Chinese officials.>> I quoted their side of the story regarding the matter in my last post and I do trust the current Chinese government more on this matter than these so called gurus's predictions (being quoted here without qualifications), some of whom might be ready and waiting to make some profit when the devaluation does happen, and have been predicting it to happen any time soon since when? Why should I trust latter's words more and not to listen the ones that have been doing what they had promised so far? If you think the Chinese officials are not to be trusted at all, give me an better example of any other government officials in that region in the recent economical turmoil. Not just a matter of the money and the economy of the concerns of these gurus, the Chinese government has a lot more to worry about, not the least of which is China's quite a large unemployed population, mostly being laid off during the more market oriented reform of their economy system in the past couple of years. These large number of people are living on a very minimum fixed amount of money provided. Even if you do believe their government cares a lot less about their people than these gurus, the ruling government has to worry about the development of an unstable situation getting out of control when these people cannot survive with the devalued money. Similar to you, I am not saying that the Chinese RMB will not devaluate for sure but I do believe that they are trying very hard to make sure this will not happen or to delay it as long as possible and they have been doing it. Would your top the credibility, not of their words but, of their actions so far by quoting any other more credible gurus or government officials in the past year? Japan? Brazil? Bill Clinton?