a nice side light on pegs

the peg to the dollar is prolly the best bet if you want to remain undervalued
cause even though its overvalued its headed down faster then its rivals pound euro yen

the best reserve currency
is not always the strongest big guy on the planet

not if you want to run a policy
of fast trade penetration
and fat surpluses

by buying the currency
your pegged to

today the dollar
strategically weak
is the instant best
reserve currency
for those
wanting to maintain a chronic undervaluation

Posted by: js paine | Feb 10, 2007 5:59:14 PM

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

anne you still wearing
that pollyanna trade belt award i gave u

china indeed needs technology transfer

but as the world turns now
china can't have
hi tech
without trans nats attached

and the trans nats are planning on making a fortune
by destroying the amerikan wage structure
with undervalued imports they profit from
and then lower wages here ....they profit from

hey i'm a globalist

i really prefer china grow then amerika

but as an amerikan i have an obligation to stop the rip off
of america's job force

its needless

lets transfer the technology without the strings
like harry truman wanted to do
raise the dollar and let china use our know how and macro science to keep growing at 10% plus
and primarily by purely internal means