Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: LLCF who wrote (43858)	1/4/2006 10:49:56 PM
From: regli	Read Replies (1) of 116555

>wait till the dollar crashes and 1/2 the world is holding worthless dollars!! Youwanna talk image!?! IMHO they're worried about the wrong topic.< To some degree it goes hand in hand IMO. A loss of confidence in the U.S. as the "leader of the Free World" (which is the tacit implication in the piece) has very broad effects. It undermines business and governmental confidence in the U.S. abroad and as a result has already resulted in significant shifts of alliances. This was perfectly illustrated when the U.S. walked out of the climate talks at Montreal and NOBODY followed. ipsnews.net The dollar as the reserve currency has to have the utmost confidence of the rest of the world. This confidence is more and more put into question and a lack of confidence will likely accelerate the drop of the dollar at the very least vs gold. This is of course not in the interest of Europe as they really don't want the Euro to rise significantly again especially not at this time.

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