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Gold/Mining/Energy : Gold Price Monitor
GDXJ 96.04-1.4%Nov 17 4:00 PM EST

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To: long-gone who wrote (37944)7/28/1999 4:40:00 PM
From: Zardoz  Read Replies (1) of 116762
 
Then Ron, if we were to follow your argument to it's end conclusion, by holding Yen, the US Federal Reserve & Treasury(& there-by "we the people") are subsidizing all of Japan, the Yaun - the whole of the economy of China(oh, I forgot tit-for-tat with the DNC), some Euro All of Europe. I don't find the world on the Yen standard.

Yes, you are subsidizing them. And ever time a CB buys a foreign currency, they are allowing a country to continue with bad monetary policies.

Hutch
PS: Let's have a world currency!
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