"Ignoramus5104" wrote in message
...
On Fri, 22 Jul 2005 22:49:17 GMT, J. R. Carroll
wrote:

The other advantage will be that the these bonds are dollar
denominated and as the dollar declines so does their value. When
they are redeemed for dollars we will really be hosing the Chinese.


That's completely correct.

i



The Chinese will have an even trillion in T Bills by summers end and they
just lost their bid for Unocal to Chevron. The smart play now would be to
trade their depreciating paper for something they need. Were I them I would
see Chevron as a good trade even if I had to pay a 30 percent premium to the
market to do it. Those dollars will never be worth more than they are today
but Chevron isn't going anywhere but up.


--
John R. Carroll
Machining Solution Software, Inc.
Los Angeles San Francisco
www.machiningsolution.com