"MacHamish" <russj41@concentric.net> wrote in message
news:8g3cq0tpbp3sfi3iackt4pophbmhpa6ua7@4ax.com...
> On Thu, 25 Nov 2004 16:36:04 GMT, Vernon North <verno@oyama.bc.ca> wrote:
>
.
> >> Lets hope for American's sakes that the central Asian banks continue to
> >> bankroll the US .

> >Meanwhile US (and other) consumers are busily financing China's future
> >as a superpower.  Not too smart.
>
> On the contrary, it's very smart.   We're showing them the way .

LOL!
I don't think the US is 'showing' them anything along those lines these
days.
What on earth could they possibly learn from you?!
The Chinese government just two days ago publicly criticised the
irresponsibility of the US economic policies whilst their own economy has
been expanding at about 9% a year for a decade now.
This action is almost unprecedented (according to NZ radio) and reflects the
International community's growing alarm at the mismanagement of the the US
economy.

We're
> also opening up an enormous new market for our own products and services.

You wish. You obviously don't understand the Chinese.
Not that I do either, but I know enough to realise that you have in fact
opened up an enormous market for their products whilst they are not buying
very much at all from you and are unlikely to do so in the near future.

> The decline of the US dollar is a necessary precursor to making our
products
> more competitively priced in the global economy, including China.

Double edged sword.

A W-S