Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: All

Juan's eyes alway look red and glossy, like he just smoked a blunt ;>


122 posted on 07/24/2005 6:42:41 AM PDT by Capn TrVth
[ Post Reply | Private Reply | To 119 | View Replies ]


To: Capn TrVth; All
He probably did.

Over on c-span a very interesting talk given by Peter Morici of some univ.He states that the Chiese currency, the juan, should be floated at market rates where ever the market takes it, the chicoms won't allow that,they don't want to lose control.

One of his statements that got me is that the juan is overvalued by 20-40% and that, "on any day of the week the chinese central bank(controlled by the commies) can value their currency anyway they want."

Their current .03% "float" of their currency is just a sham accd. to Morici. Interesting stuff, he says we pay interest on debt now held by the chinese, it will bite us in the butt one day.
156 posted on 07/24/2005 6:59:03 AM PDT by rodguy911 (Time to get rid of the UN and the ACLU and all Mosques in the US,UK.)
[ Post Reply | Private Reply | To 122 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson