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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (65268)7/5/2006 8:33:09 PM
From: Claude Cormier  Read Replies (1) of 110194
 
Aren't you not listing one of the most important difference between now and then.

Now the world is sinking under a sea of US dollars. Back then, the were few foreign CB's with dollars. And part of those dollars were exchanged against gold before the window closed. SO the 70's started with few greenbacks abroad, if I am not mistaking.

Now many CB's are on record to have already started to exchange their USD for gold again. And other CB's have announced such plans. And this time they have a lot more USD.
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