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: regli who wrote (50755)	5/8/2006 1:42:08 PM
From: ild	Read Replies (1) of 116555

<<<Why not buy Euros, Yen, Pounds and Swiss Francs while the U.S. defends the currency?>>> The US doesn't defend the currency. Japan does. That's why I suggested that smaller countries (like Sweden) can dump USDs. I'm 100% sure that Japan can't dump their USD holding. China should try but when it does it will tank the USD and other countries will start crying. If for instance China converts USDs to Yens it won't qualify as unloading dollars back to the States. My original post was about GoldForecaster predicting "Central Banks will use this defense to unload their dollars back to the States" which I just don't happening.

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