To: Paul Ross
With respect to the trade surplus in USD that China has hoarded, can you cite a reference to back your claims?
With respect to "Is clearly obsolete." (sic) What is obsolete? Is currency trading obsolete? If it was, then how would Chinese industry buy so much oil on the international market or buy so much iron ore or scrap metal or logs or (you name it) unless they used traded currency.
Why, if they have cash, would they want to not spend it? If they destroy the worlds economy they have nothing, unless they figure a nation with a bad economy can not mount a defense effort. Is that what you are thinking?
So, please cite your factual references as I am ignorant to the facts as you present them.
To: Final Authority
866 posted on
02/16/2006 8:54:02 AM PST by
Paul Ross
(Hitting bullets with bullets successfully for 35 years!)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson