To: LowCountryJoe
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 .
91 posted on
02/23/2004 5:53:22 AM PST by
ARCADIA
(Abuse of power comes as no surprise)
To: ARCADIA
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 . I can just tell that you're one of the level headed, rational persons who despises others who engage in unnecessary hyperbole.
95 posted on
02/23/2004 6:04:15 AM PST by
LowCountryJoe
(Shameless way to get you to view my FR homepage)
To: ARCADIA; hchutch; LowCountryJoe
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.Please explain, in detail, how we would not be able to rebuild a manufacturing base in America if it became more profitable to do so.
146 posted on
02/23/2004 9:04:26 AM PST by
Poohbah
("Would you mind not shooting at the thermonuclear weapons?" -- Maj. Vic Deakins, USAF)
To: ARCADIA
Then we will briefly be enjoying the lifestyle of an indian peasant, before the radicals take over, and the nukes start flying.Please explain--again, in detail--what this sentence is talking about.
147 posted on
02/23/2004 9:05:20 AM PST by
Poohbah
("Would you mind not shooting at the thermonuclear weapons?" -- Maj. Vic Deakins, USAF)
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