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By the declining dollar with corresponding rise in gold and oil prices. Your price today ($1.65) at the gasoline pump is an early warning.

The Chinese fix their currency to ours and do not allow it to float. I believe that the exchange rate is 8.4 of their Remimbi [spelling?] to our dollar. We've been wanting them to have their currency float for a long time now because they cut into our export markets through an artificial undervaluing - some estimate it to be 40% undervalued. Could it be that we have an unofficial policy to deliberately weaken the dollar so that the Chinese have to pay more for the items that they import? I don't know what's going on but I'm sure that it's more than meets they eye.

We've been wanting them to have their currency float for a long time now because they cut into our export markets through an artificial undervaluing - some estimate it to be 40% undervalued. Could it be that we have an unofficial policy to deliberately weaken the dollar so that the Chinese have to pay more for the items that they import?

Now, think about what will happen when the Chinese finally decide to float their currency. Our manufacturing base would be gone beyond redemption; their gagets will cost 8 times what they do now; and your income will reflect the global average. Then we will briefly be enjoying the lifestyle of an indian peasant, before the radicals take over, and the nukes start flying. I am yearning for the optimisim of Orwell's 1984 .