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Re: stylecounciler post# 16269

Thursday, 07/14/2005 5:24:44 PM

Thursday, July 14, 2005 5:24:44 PM

Post# of 173976
style....you stated.... "dolphin, the Chinese, don't own us, basically, they own alot of our currency, and if that currency is to be devalued, over time, as i think you may believe, who gets the raw end of the deal?

I'm not afraid of the Chinese. they are just people to, and they can make mistakes just like anyone else. :)"......

My comment is that the average American will be hurt and get the "raw end". Much higher costs for everything we consume...enrgy, utilites,health,insurance and most everything made (because much is made in China now). Of course if your income will rise as much or more as inflation you won't be so bad off....but that won't happen for th most part. Debt or leverage may somewhat help a few ....real estate hedge?? But kill others.

The Chinese have been diligently productive and have "saved".We have consumed and have "spent" ourselves into bankruptcy. We have been busy creating financial bubbles everywhere to cloud some fundamental weaknessses obvious in our economy.

Something's gotta give.

Just some of my thoughts.

Rogue


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