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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (6789)2/3/2004 4:09:45 PM
From: BEEF JERKEY  Read Replies (2) of 110194
 
Every CB in the world holds an excess of US $$$$$ (eg. Canada has NO gold left - just US paper)

China and Japan alone hold over 1 trillion in US $$$$$$.

What happens to the market value of something there is too much of?

If there was a way out its too late now. Greenspan's pumping has only exacerbated the situation. The only question is how much longer can the rest of the world support the dollar? When the panic starts and the rush is into oil, gold and wheat Asia especially is going to find out they have been handed nothing but bags full of paper. I think this is what they fear and is the reason they continue to support the US $$$. But how long can that last?
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