Re: China's growth is not due to trade

"Just Cocky" <just@xxxxxxxxx> wrote in message
news:28f1j1tp2npc9mnnjbhl2ifm4bk6tu5g1l@xxxxxxxxxx
> On Tue, 20 Sep 2005 14:19:18 GMT, "BO L." <bol@xxxxxxxx> wrote:
>>
>>"Just Cocky" <just@xxxxxxxxx> wrote in message
>>news:rt2ui19jlgftielicetglqv63nsgpbnuab@xxxxxxxxxx
>>> On Mon, 19 Sep 2005 15:52:57 GMT, "BO L." <bol@xxxxxxxx> wrote:
>>>>
>>>>"Just Cocky" <just@xxxxxxxxx> wrote in message
>>>>news:ss8ri1lvjm6ur54vavcs147ql451nfv5uk@xxxxxxxxxx
>>>>
>>>>> Let me ask you something, Mr. Genius, that 20 dollar bill that you
>>>>> have in your pocket represents ownership of what, exactly? Thank you!
>>>>
>>>>What do you think China is going to do with our dollars? Use them for
>>>>wallpaper?
>>>>
>>>
>>> I'll answer your question after you answer mine.
>>
>>See the post Trucker made regarding China's attempt to purchase a U.S. oil
>>company and stop dodging my points.
>>
>
> I mean, you don't answer my questions and I'm the one doing the
> dodging?
>
> Ok, I'll answer your question: China is going to use dollars to IMPORT
> stuff. It is when they IMPORT that they get something of real value,
> not Uncle's Sam fiat money. Got it?

Growth in China depends on oil and "Uncle Sam's fiat money" buys
oil. And if some OILY king even suggests that he will want gold
or some gold backed currency for oil in lieu of dollars then
that OILY king will find that he suddenly has WMD and Terrorist
camps and a nuclear bomb or two in his posession. He doesn't
of course, but Pinocchio will concoct WHATEVER story might
be needed to "legitimize" an invasion. "Power the death ray",
croaked Ming the Merciless. So long as the dollar is accepted
for oil then China's growth will be based on "Uncle Sam's
fiat money" which China gets in trade for the hoola hoops
the American dingbat buys at WallMart.

--
"I know no safe depository of the ultimate powers
of society but the people themselves; and
if we think them not enlightened enough to
exercise their control with a wholesome
discretion, the remedy is not to take it from
them, but to inform their discretion by
education." - Thomas Jefferson
http://GreaterVoice.org


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