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: Box-By-The-Riviera™ who wrote (236220)	4/18/2003 8:46:12 AM
From: Earlie	Read Replies (1) of 436258

WF: This "fringe" idea has actually been around for several moons now and appears to be picking up a bit of traction. And I am not referring to just the comments of a single finance minister, but more to a "concept" that is percolating out there. Hard to believe, but there are a few "rabble rousers" out there who appear to be getting ticked off at selling their commodities or finished goods to the US in exchange for newly printed bucks or treasuries. Somehow, they have picked up the idea that these new greenbacks/treasuries are likely to provide reduced buying power due to the 24/7 dollar printing. Let's hope this idea doesn't become too widespread. If it does, the already remarkable fall of the buck over the past year (down 20% from its peak against a basket of world currencies) might become an implosion. I find it interesting that many foreign investors see the Iraq action as an attempt by the US to cut off the heresy of purchasing oil in Euros rather than in bucks, rather than as an attempt to rid the world of weapons of mass destruction. Best, Earlie

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