Quote:
Originally Posted by onewhippedpuppy
Sat, 16 Jun 2007 00:56:52 -0700 (PDT)
From: Mullah Tabdulla" Add to Address Book Add Mobile Alert
Subject: RE The Big Three of FP and the Course Ahead.
To: charlierose@pbs.org
What the hell is this? |
This is a copy of the E-mail I sent the Charlie Rose show on JUNE 16, 2007. So you might say not only was I ahead of the curve in what the Chinese were going to do, but also on how they were going to do it. I just changed the heading at the top for this audience to keep my e-mail number private.
This saber rattling by the Chinese is designed to get the attention of Congress and give them a warning that they are not exactly in control of their own destiny anymore. The Chinese want to move at their own pace with regards to revaluation and don't like to be threatened by an upstart Congress. The Bush administration was probably told ahead of time that this was going to occur, as the Bush admin understands the dynamics of the Chinese economy and political situation.
It is highly ironic that Hillary has recently proposed that the US government set up a fund to bail out homeowners who are in difficulty with their subprime mortgages. The direct fall out from a Chinese dumping of US Bonds would be a sharp rise in interest rates which would effect home loan interest rates. Ahhh-sooo do U think there might be some linkage there.