Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: LLCF who wrote (105126)	5/28/2001 8:52:47 AM
From: JHP	Read Replies (1) of 436258

DAK ho ho ho when i claim that all europeans want dollars ,i`m not thinking correctly but when mises.org says the same thing... here are some quotes from this article" thank you haim! << No matter what they may report, many savers with illicit savings, no matter how small, may be fearful of being reported by name. They are seeking to avoid criminal prosecution and loss of funds by spending their savings or converting them into dollars. The euro is an unintended casualty.>> <<<Second, there are millions of people outside the euro-zone who are holding European currencies. Merchants, farmers, and workers in Poland, Croatia, Slovenia, Hungary, and other European countries have savings in trusted German marks. They may have heard rumors about the coming currency reform that will render their savings worthless, but they may not know where to exchange them for new euros. Their own governments may want to seize them, which are scarce foreign reserves, or want to tax them for reasons of tax evasion.* Helplessness and fear may force the savers either to spend their holdings or convert them into dollars.* GFY john

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