Re: Euro =1.43 Dollar ->Dump monopoly money (USD), China!

david_huang2007@xxxxxxxxxxx wrote:
http://www.abcnews.go.com/Business/wireStory?id=3721104
<snip>

The crux of the hypocrisy is that while the US uses the WTO provisions
in order to urge China to open its financial sector to outside (read:
mainly US-based) investment, it lets other countries such as Canada or
Australia to restrict foreign ownership, in direct violation for
existing Free-trade agreements with these countries, and get away with
it. And two years ago, when we were attempting to buy a medium-side US-
based oil company you raised stench to high heaven and we had to
eventually back off. ("National security" grounds, my a$$).


No, that's about right. Mineral reserves on the ground in the US
can be governed by national security policy left over from WWII.

You know what? You've been enjoying our free lunch for way too long.
Unless you learn to shut up and be humble, and stop making China into
your own scape goat, let's see what's gonna happen if we dump all our
dollar reserves and invest in the Euro. I'm sure France and Germany
are much more receptive to Chinese investment, whine less about our
environmental record (as if you implemented Kyoto!!!). And we'll see
how you'll function after we get rid of our dollar T-bonds. And with
your already falling dollar, I'd rather buy Euros anyway.


Go for it. It's headed that way anyhow. And when you take back
Euro denominated bonds in exchange for Chinese goods, what happens
to the exchange rate of the dollar and Euro?

:)

But yeah - media outlets in the US cannot avoid Yellow Peril
nonsense. Worked for Hearst, works now.

--
Les Cargill
.

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