YUAN A FIGHT ME YANK ?

    more on 
scotchin' 
the yuanee river 
         flood waters



===============================   

 ANYWAY 
  IF FOR NO MORE
           THEN 
    MY OWN CLARIFCATION
         HERE'S A RE- TAKE:
ON THE WHOLE CHINA TRADE MENACE GIMMICK


 BACK GROUND ANALYSIS 
     SUPPLIED BY 
          DAME EVE  ABEL 
----------------------------------------

" TODAYS  FIGHTIN YUAN HAS SPENT
 THE LAST 10 YEARS
             PEGGED            
             AT 8 TO THE  DOLLAR "

" THE MOUNTING GRIPE  WAVE
             OF SORE  LOSERS
               FACE THIZ  PROBLEM NOW :

THE SLANT EYED GUB
              IN BI BING
                DESPITE
WINNING ON ALL TRADE FRONTS

WON'T LET UP

 WON'T UNPEG 

  WON'T LET  THE SLIMEY
FIRST WORLD 
EYE ON THE PRIZE
   CURRENCY SPECS
  TAKE THE UNDER VALUED
         FUCKER UP
TO SAY 4 TO THE DOLLAR

GIVE EM A SHOT
AND ITS DONE 

LIGHT AND LAUNCHED

   FASTER 
THEN A SINGAPORE  WHORE HOUSE 
 FIRES 
 ITS FIRST  NEW YEAR'S ROCKET ...."

----------------------------------
NOW IN FACT
   THE INSIDE WHY 
     OF THIS STUB-BORN 
     PEG NO PEGASUS SHIT
 
             IS OBVIOUS TO ALL 
   
 ESPECIALLY
       TO THE ENVIOUS
        LOSERS 
NOW CALLING
     FOR ITS POP OUT   ......


LOWER THEN JUSTICE  YUANS
MEAN 
HIGHER THEN DECENT   EXPORTS 
         AND 
          THAT SPELLS 
          MORE FURIOUSLY BRISK 
                        IN- FLOWZ 
                      OF  
                FOREIGN  INVESTMENTS 

I.E.
WHAT EVERY
      GOOD LITTLE  CHINA DOLL
                               DREAMS OF....

---------------------------

    THE WAY OF THIS PERMO FIXED 
                             PEG :
                  
SIMPLE REALLY:


   THE  HAN- CENTRAL-BANK 
       SCARFS UP 
  ALL THE  FOREIGN CASH  

WHICH IZ DOABLE  
CAUSE THE SOAK UP
        HAS 
    ZERO REAL COST

TO CREATE YUAN DEPOSITS
TO SWAP FOR FOREIGN CASH
    HAS
  NO REAL COSTS 
 
DIRECTLY OR INDIRECTLY

NO REAL COSTS
 
  IN EITHER
         LABOR 
                OR NATURAL RESOURCES 
=============================
--SIDE BAR--

LAW ONE 
OF CURRENCY MANAGEMENT 
IZ 

" THE NASTY
     A-SEEM- ATRY 
  OF EXCHANGE RATE CONTROL"

INTERVENTIONS 
BY CENTRAL BANKS

  TO PIN DOWN 
A SPONTANEOUSLY UP FLOATIN'CURRENCY  
     LIKE THE HANS ARE DOING 
             POSES NO SERIOUS 
                     PROBLEMS 
 
ON THE OTHER SIDE

         PIN UPS ARE HARD 




 A PIN DOWN
REQUIRES 
ONLY A  CENTRAL BANK 
             
        CREATIN ENOUGH   
                 LOCAL LEGAL TENDER 
TO BLOT UP ALL
 THE EXCESS 
        OUTSIDE CASH  


SINCE ITS "UN BACKED" 
           CREDIT  MONEY 
            
IT  AIN'T LIKE BUTTER
OR ELECTRICITY 
----------------------------------
TO REPEAT:


IF A GUB 
 WANTZ  
TO KEEP HER
    CURRENCY'S  
     EXCHANGE VALUE  LOWER
THAN SPONTANEOUS 
  FLOWS WOULD LEAD TO 

NO PROBLEM
        
CAN BE  DONE 

AND DONE 
      INSTANTANEOUSLY
           AND AT 
            NO COST 



NO COWS
 NEED MILKIN FIRST
 
NO CHURNS
 CHURNED
 
NO FRIG  
     RAIDED   ...
----------------------------
BUT 
IF ON THE OTHER HAND
 U WANT TO KEEP
 YOUR CURRENCY 
 FROM SLIPPING LOWER
CAUSE THATS WHERE 
 THE MARKETS  FLOW WILL
TAKE IT 

WELL THEN 
 A CB
HAS  GOT TO SELL
       OTHER CURRENCIES 
 HARD EARNED
 OTHER CURRENCIES

KEEPING ACURRENCY  PEGGED 
 THAT WANTS TO SLIP DOWN 
          
      TAKES  REAL RESERVES
       AQUIRED BY REAL SWEAT    
               OR REAL  SWINDLE  "

                             (EVE)
================================
MATES
I,VE  CUT OFF EVE  HERE  

 CAUSE BELOW
PLEASE FIND 
 A RARE 
    INSTITUTE 
" COINCIDENTAL  WORK TASK REDUNDENCY"


SEEMS THERE EXISTS 
A COVERAGE
 OF MY VERY SAME
            YESTERDAY AND TODAY'S  TOPIC
  

  BUILT BEHIND MY BACK

 
  AND  
 BUILT  
AT LEAST
AT FIRST BLUSH 
  BETTER THEN MINE TOO 
        

  
   BY 
       OUR GOD-ETTE
                    OF DISCIPLINE 
                      TRICK SLEEVE
SO
 HERE .....
--------------------------------------------


  " GROTESQUE 
 CHINESE CURRENCY MANIPULATIONS 
           STRIKE AMERICA'S GREAT LADYS' OF INDUSTRY
                             RIGHT  IN THE  P SPOT "
-------------------------------------------------
HEY GYM-BOWLEROS  

THE P SPOTS NO  MYTH 



AND YET 
WHY FIGHT WALLWORLDS BATTLES FOR EM

AS IN  WHO THE FUCK
 ORDERED UP  
    THIS  LOW VOLTAGE
           WAIL 
            BY  SWEENO'S 
                        ANVIL CHORUS  ?

 WE ALL
 AT " INDUSTRIAL LITE AND SNATCH IT "
         SAY

             WHY BOTHER BROTHERS ...

ITS THE LAW OF THE MARKET PLACE

WHAT'S GONE'S GONE

AND FURTHERMORE 

WHATS GOIN 'S GOIN

SO WHAT IF 
         SOME  SHIT  
                      GONE SOUTH   
OR SURE 'NOUGH HEADED SOUTH 
                NOW  WENT  EAST INSTEAD 

WHEN U CAN'T STOP SHIT ANYWAY 
 
  THEN
       LEAVE IT TO  BEAVER

----------------------------

APPLY THIS RULE OF THUMBS NOW


 AS IN HERE
-------------------------------
 
BY THE WAY
SPEAKING OF BEAVER

 LISTEN TO       
      OUR SKIPPER ON TODAYS TOPIC  

        ( BUSH  SEPT '03 )


"  THEM USIN'
     A PEG LIKE THAT....
ITS A TAMPER...
A FOUL TAMPER ...

   AND IT SHOWS 
          WE 'RE NOT  
               BEING FAIR TRADED 
                   WITH  "


------------------------------------------
" THE SLOPES IS CHEATIN"

SUCH SHALL IT EVER SEEM
  IN THE EYE 
     OF ANY  BIG WHITE 
                P SPOT LOSER

AND MORE TO TNE POINT

OUT OF THE MOUTH
            BIG HAT 

               NUMERO UNO .....


SURE
THERES SOMETHIN TO IT

AND 
IN A FEW DIFFERENT DIMENSIONS TOO

A TRADE GAME
 WHERE ONE PLAYERS
   CURRENCY
IZ  KEPT DOWN
 BY GUBMINT  FIAT
              

              IZZZZZZZZ

                UNFAIRLY "FAIR GAMIN"
                        THE REST OF THE TABLE SLUGS 


            SURE 
         THE DOPE-COMP WILL CRY FOUL 

        SO WOULD U OR I

  LOSE A SALE OR TWO
AND U LOSE A PROFIT TAB OR TWO TOO 

AND 
OF COURSE
   ANY WANK'LL
           WORTH 
HIZ PECKER TRACKS
WILL TRY TO WIPE OUT 
         ABSOLUTELY ALL 
    "UNFAIR" ADVANTAGES
                   CEPT HIZ OWN
========================
  SHIT  
  THATS THE SECOND
            LAW
    OF  MARKET  COMPZ
------------------------------------------
     SHIT AT THE DROP OF A SINGLE STITCH
               
              ALL PRICE  JUNGLERS 

                  ALL MOSAIC  STONE THROWERS  
                            
                                ALL BUTT PIRATES
                                   OF  THE SEVEN SEAS 
                 CAN  CRY "BLOODY FOUL"
                 AND 
                   BETTER THEN 
                        A SCHOOL GIRL IN A HAY LOFT TOO 
-------------------------------------------------------

BUT JUST AS
 SNATCHERALLY
               STATES
     WILL 
TRY   UNDER -VALUE STUNTS
   WITH  THEIR CURRENCY 
 
             WHY?


                       
                    CAUSE THEY  CAN 

SINCE  MOST STATES 
            CAN'T  

         MOST STATES 
CAN'T EVEN GET IT ON
LET ALONE 
      PLAY LIKE THAT
               FOR LONG 


 
    NOW  
 ITS OBVIOUSLY
   WORKING
    DAMN WELL 
            FOR THE CHINKZ 

AND THATS
CAUSE 
THE CHICOM PARTEEE
RUNNING THE PLACE 
HAS SPECIAL CIRCUMSTANCES


 THANX
        TO 
  ITS GUB LOCK
           
(AT LEAST FOR NOW)

 ON
     COMMODITY 
             IMPORTZ 
         AND 
          TWO WAY  CAPITAL 
               FLOWS  

 
      HEY FEW THIRD WORLD
                      STATES  
                       HAVE THAT CAPABILITY
                                         THESE DAYS 

THATS WHAT 
MAKIN THE WORLD
SAFE FOR 
 MEANS THESE DAYS  
 SAFE FOR 
NEO -LIBERALITY :

" SPREAD EM SISTER BROWN 
HERE COMES BIG WALLY "

----------------------------------------
BUT THE CHICOM PARTEE
DON'T PLAY NO SPREAD EM GAMES...



SAY YOU IS INSIDE CHINA
AND U EARN DOLLARS 
           EXPORTING 

WELL IN CHINA 
        YOU CAN'T STORE UP YER FOREIGN CASH
               FOR  LONG 
                        OR 
EVEN  GO SHOPPING OVER SEAS 
  AND SPEND IT 
                 

SO SINCE
 FOR U 
THESE YEN OR EUROS OR  DOLLARS 
ARE
EFFECTIVELY  USELESS
    
SO  YOU  SELL EM 
TO THWE BANK
               FOR
                 YUAN
 
             WHICH U CAN USE

YUAN WHICH   ARE  
PRODUCED ON DEMAND 
        AND  FOR NADA 
           BY  THE GUB  CENTRAL BANK 

THUS
  ALL THIZ  HARD CASH 
        GOIN  INTO CHINA 
   FLOWS RIGHT    THROUGH
         AND ENDS UP ULTIMATELY 
         GOING DOWN  THE BLACK HOLE 
                  CALLED OFFICIAL RESERVES
                            

             -----------------------------------------------                

BEST QUESTION YET :

WHY NO DOWN SIDE ?

WHY NO  WILD INFLATION?


WHAT WITH ALL  
THIS  NEW YUAN MONEY 
  INJECTED
   INTO CIRCULATION 
THROUGH 
THE OFFICIAL 
 BUYING UP 
OF ALL THAT FOREIGN CURRENCY  


WHY NO WEIMAR TYPE PRICE EXPLOSION ?


SIMPLE SHORT CUT ANSWER:
 

LIMITLESS UNTAPPED  RESOURCES

AND
 A GUB  BANKING SYSTEM  
-------------------------------
START WITH 
AN OVERFLOW  PEASANT POPULATION 
IN SUCH PSEUDO-MALTHUSIAN SURPLUS
             THAT THERE'S
                 LIKE MAYBE
            200 MILLION FREE-ABLE UP  HANDS 
READY TO JOB FOR PEANUTS

ADD IN VORACIOUS OPEN MOUTH
        FOREIGN MARKETS 
               AND 
             THAT GIVES YA
              AN EASY 10% 
                    REAL EXPANSION RATE POTENTIAL 
                        

OKAY 
  EASY TO START

BUT  SUSTAIN ? 

WELL
 IF YER SMART U 
             JUST APPLY 
 SOME 
BOLDLYBASIC 
    KEYNESIAN 
MACRO DEMAND MANAGEMENT 
TECHNIQUES 

THROUGH
YER GUB-BANK SYSTEM 

AND U CAN KEEP AT IT
INDEFINITELY 

SO LONG
 THAT IS 
AS
THE OVERSEAS MARKETS 
STAY WIDE ENOUGH OPEN
AND
THE DOMESTIC 
 SYSTEM CONTINUES
TO RESPOND 
TO THE  STATE'S TILLER 
--------------------------------


THINGS CAN COME A CROPER 

IF FOR EXAMPLE 

THE GUB LOSES 
THE HANDLE ON 
  THE EVER HIGHER LEVELS
  OF NOMINALLY 
    " FREE "YUAN BANK RESERVES 
            AND 
      THUS ALSO LOSES
     THE HAPPY STATE  
        WHERE 
     "A RATIONAL
           TOP DOWN
              RATIONING "  
              DETERMINES THE PACE 
                  OF CREDIT EXPANSION ..... 
-----------------------------------------
BUT WHEN AND AS LONG AS 
 U CAN DO THIS
     
YOU GOT
YOUR LONGEST  WET DREAM 
             IN THE FLESH  
              RIGHT THERE
            IN THE BED NEXT TO YA 

------------------------------

THE HAN HAVE 
GOT  A GREAT LEAP 
        NOT ONLY  UNDER WAY

BUT READY
 TO KEEP ON
     SCREAMIN ALONG 
                        
           UNLESS 
SOME DILDO 
  IN THE SADDLE  
     FALSELY PANICS
             AND  PULLS BACK  
                        TOO HARD


----------------------------------------------


 IF THAT 

      THEN 

THERE  ARE 
ALL TOO WELL KNOWN  
          ALTERNATIVE ENDINGS 



 (NEED WE 
         REVISIT 
           SOUTH EAST ASIAN FINANCIAL 
                            CRISIS OF 97 ?)

SUFFICE IT TO SAY

THE WHOLE DAMN
     PANOPLY
   OF MACRO/MICRO DOMESTIC 
 MARKET CONTROL MAGIC WANDS 
          CAME IN HANDY 
          FOR THE  HAN 
              RED BARONS
                BACK  THEN

BECAUSE
WHILE OTHERS HIT THE IMF INDUCED
ARTIFICIAL FINANCIAL WALL

  CHINA SAID NO WAY 
  AND  ZIPPED ON THRU

BUT NEXT TIME .......
----------------------------


BY THE BY FANS

THE HAN
 USED THEIR 
HARD CURRENCY RESERVES 
IN 97-98 

TO KEEP THE PEG IN PLACE

WHEN A MIGHTY YUAN DEVALUATION 
 MIGHT HAVE REALLY CROAKED UP THE WORKS 

THEN THE PEG LOOKED LIKE STATESMANSHIP...

CAUSE THE OUTFLOW OF HARD EARNED CASH
COSTS THE HANS DEARLY 

OF COURSE
THAT INTERVAL
IS 
NOT MENTIONED
MUCH  TODAY 

NOPE
  IN MOST
" ACCOUNTS "
THIS AND OTHER 
TEAM PLAYER ACTIONS
 ARE IGNORED 

       "  BEING 
     AS SHE BE DOIN 
               NOW 
  SO   DIRE DAH OPPOSITE "
-------------------------------------------


POST SCRIPT 

BY YER EVER OBEDIANT
              HERBAL MEDAVAC 
 
 

EVEN THOUGH THIS
GREAT HAN MENACE SHIT
            IS ALL 
  
 
              THE STALEST OF STALE  GASES 

STILL ONE TRUTH IS SELF EVIDENT:



EL SWEENO ET AL
        HAVE JOINED
          THE  BUSHWAHZEE
              IN  
             CONFIRMING

                  FOR ONCE AND FOR ALL

             SLEEVE'S  IRON RIGHT 
                             OF UPS AND DOWNS 

          

            " IN TODAYS  
                    BRAVE NEW WORLD ORDER

                    ONLY PRIVATE CAPITALISTICALLY INCLINED 
                                                        SPECS 
                            SHOULD 
                  HAVE THE POWER
                             TO BOOM OR  BUST 
                                 A THIRD RATE ECONOMY
 
                        AND ESPECIALLY 
                     NOT THE FUCKIN  ASS HOLE GUBZ
                                        OF ANY  
                                    OF THEZE THIRD RATE 
                                    UNHOLY
                                  LOWLY WAGED 
                                   FAILURE STATED NATIONS "

 ---------------------------------------------------------
            "LONG LIVE 
                THE FUCKING
                YELLOW PERILZ
                     OF PIE- PING "

                                         ( SLEEVE)
=========================================================

--------------------------------


A GRATUITOUS 
 P. P.S.BY HERB :


FINAL IRONY
(SEZ HER EVENESS)

"THE HAN DEAL WENT
 IN DICK END  FIRST
NOW WALLY WORLD
WANTS IT TO COME OUT
                      BUSH  ASS FORWARD "


AND THAT IZ 
      CAUSE
  WE GOT A NEAT NEW BAG:
 
               THE NOW ALREADY
              INTERNATIONALLY 
                           TOP BILLED 
SOON TO BE A SHOW
 STOPPER           

                  " THE ENDLESS DOLLAR DIVE 
                         OR THE EMPIRE STRIKES LOW "

-------------------------------------------------------------

WHAT DOES SHE MEANBY LOW ?

FOUL BLOWISHLY LOW :

AS IN.......


BUT THERES A WAY OUT



TAKE OLD EUROPE'S UNIONZ  

INSTEAD OF JOIN '
THE PREZ 
      UNCLE REPO GREEN 
                   AND 
                  TREARURY SNOW JOB 
                    HELL  POPIN'  
                             THE HIGH FLYIN HANZ
   
THEM EURO-UNIONS
            OUGHTA WACK
            THEIR OWN 
               MONETARY ISSIMO ZZZZZ

"SO YA DON'T LIKE 
  THE DOLLAR PLUNGE EH ?"
 
" LISTEN BUTT BRAINS
     EVERYTHINGS RELATIVE 
  SO WHY NOT 
  TRY  RIPPIN' 
   YER OWN BANKERS 
               A FRESH ASS HOLE "
                 

  FORCE EM
      TO EXECUTE  
             A PAGE
          OR TWO
           OUTTA 
               THE PE'KING  PEG ME 
                               PLAY BOOK
                  AND FOLLOW THE DOLLAR DOWN....."


----------------------------------

AAAHH

BUT THATS ANOTHER STORY
ISN'T IT GIRLS


ANOTHER STORY
AND ANOTHER STRUGGLE
  IN THIS
    WAR OF THE OTHER WORLDS 

JUST ONE 
            OF 
               THE COUNTLESS  
  
 WAGE- KLASS ALAMO STRUGGLES
                THAT     LITTER
                      OUR TWIN EARTHZ 
     
NOW
 THE
IMPERIAL BOOMER -RANG

HAS COME ROUND AGAIN

AND WE FIRSTEES
               FACE 
 DAY JA VOOO
IMMISERIZATION
 
ALL OVER AGAIN 
                              

====