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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Giordano Bruno who wrote (388743)6/15/2009 2:45:12 PM
From: MythMan  Read Replies (1) of 436258
 
>>But Park Jong-kyu, chief economist at the Korea Institute of Finance, said the BRICs will not begin selling off their Treasury Bonds any time soon, since the collapse of the dollar would mean a steep decline in the value of their foreign currency reserves as well. Park predicted a prolonged tug of war between the BRICs and the U.S., which will try to prevent a sell-off.<<

BRIC's don't have real currencies.
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