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To: lorne who wrote (31482)	4/10/1999 10:00:00 PM
From: lorne	Respond to of 116815

Chinese Premier Insists Currency Will Stand 1999.04.11¡@2:10am Taiwan time updated WASHINGTON, April 9 (AFP) - Chinese Premier Zhu Rongji insisted Friday that Beijing won't devalue the renminbi and said he wanted to reassure investors about potential foreign exchange risks "The renminbi will not be devalued," Zhu said at a black-tie dinner here sponsored by the American China Society and National Committee on US-China Relations. "We have 146 billion dollars in foreign exchange," he said, adding: "I know there are still some foreign creditors who think it will be devalued." "So I have asked Goldman Sachs to look into ways in which foreign investors in China can be assured that there will be no foreign exchange risk," he said. Zhu's speech wrapped up the Washington leg of his six-city, nine-day US tour, which will take him on Saturday to Denver. chinatimes.com.tw

To: lorne who wrote (31482)	4/11/1999 9:51:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116815

<<I have always felt that there was real big money involved here and wars get things moving whats a few innocent lives if it can get the money people more power>> Boulding's view of the economy was that of looking at a basin. Excessive investment leads to accumlation in the basin,above the "normal" rate of the gradual draining of the said basin through consumption. If times of peace go on too long everyone will simply stop investing and accumulating, the basin over-flows and prices decline precipitously. Most in the economic / investment game "understand" that wars drain the basin at a far faster rate than the "norm" and are therefor a necessary part of the boom-bust-rebuild cycle.