PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: AK2004 who wrote (495175)	11/19/2003 12:19:56 AM
From: Rick McDougall	Read Replies (1) of 769670

Gold had/has been demonitized by the major banks of the world since 1980 and hence the $US was seen as the currency of safe haven......strong economy being major factor. Now world sees US policy as being unstable and economy going downhill & countries are pulling their money out of US. Euro is showing surprising (?) strength. ME countries now buy oil in Euros instead of $US. Lower $ will solve some of US trade deficit problems. The biggest problem is ahead in that chinese yuan will maintain status quo vs the $US......jobs will continue to be exported to the far east. Bushies trying to pressure the Chinese, however Confucious is not that easily tricked:o)

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