- Joined
- Jan 26, 2002
- Messages
- 2,737
I think that the last part of your post nailed it.
The Chinese want nothing to happen or for it to happen slowly.
They have enough economic problems without a huge in-rush of currency speculation which would likely cause cause an initial increase in currency value followed by a collapse. So they are controlling things with a heavy hand
But chronic use of the wrong medicine can be worse than the disease.
Apparently they are printing money nearly as fast as we are, for example, and they certainly are having dificulty getting enough oil in to keep things going.
Without them buying our debt, we couldn't buy as much cheap stuff from them.
Maybe everybody is hooked on the same economic crack, and they're squabbling because the baggie is running low.
It is funny, people talk about trying to develop sustainable energy, and renewable resources, trying to have an equilibrium, but with economics, it is grow exponentially or die.
It seems kinda like warplanes -- they used to be inherently stable and air-worthy and had a wide "groove". Now increased speed and maneuverablilty comes at the cost of deliberately designed instability. No "groove", and without a rapidly compensating computer, a human can't even keep one from crashing.
A well where oscillations damp out to equilibrium, vs being balanced on a knife edge over chaos.
The Chinese want nothing to happen or for it to happen slowly.
They have enough economic problems without a huge in-rush of currency speculation which would likely cause cause an initial increase in currency value followed by a collapse. So they are controlling things with a heavy hand
But chronic use of the wrong medicine can be worse than the disease.
Apparently they are printing money nearly as fast as we are, for example, and they certainly are having dificulty getting enough oil in to keep things going.
Without them buying our debt, we couldn't buy as much cheap stuff from them.
Maybe everybody is hooked on the same economic crack, and they're squabbling because the baggie is running low.
It is funny, people talk about trying to develop sustainable energy, and renewable resources, trying to have an equilibrium, but with economics, it is grow exponentially or die.
It seems kinda like warplanes -- they used to be inherently stable and air-worthy and had a wide "groove". Now increased speed and maneuverablilty comes at the cost of deliberately designed instability. No "groove", and without a rapidly compensating computer, a human can't even keep one from crashing.
A well where oscillations damp out to equilibrium, vs being balanced on a knife edge over chaos.
