My Dear Friends,

My 2nd full day in China is coming up with a full list of meetings with Beijing business and government people.

A total reversal in time is actually an easier transition to handle than less hours. You just need to fight your way through that late afternoon fatigue.

I assure you of the serious nature of China’s concern over the building pressures on the US dollar. It is not something they want or take any pleasure in.

It is important to understand that value of a currency is a momentum concept.

It is not the buying or selling that counts as much as the waning of buying that is the subject at hand.

MOPE (management of perception economics) may declare the Chinese are just talking, but that is so wrong.

MOPE may declare the Chinese are flip-flopping on their statements but that declaration is in Western media comment and not in the Chinese media.

The truth is that China is where the money is.

The truth is that China is where you have to be if you wish to be a major part of tomorrow.

Only entities that understand that all transactions are culture driven will succeed.

I will keep you informed of the view from here. The West’s perspective is quite different from what you see here. It is insulated by the constant media education and manic markets run by hedge fund algorithms with no reasoning abilities whatsoever other than mathematics.

Thank all of you around the world that browse important events to help keep me posted 24/7.

I want to send a special thanks to CIGA Green Hornet. I should have made this special mention long ago as he has been working extremely hard to help us all for some time now. My sincere apology goes to this great friend of the community.

Respectfully yours,
Jim