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: Amark$p who wrote (100617)	8/10/2009 4:24:34 PM
From: The Vet	Read Replies (2) of 116555

How about devalue US$ by 20% of SDR. If not, then devalue against gold... As the value of the SDR is, in itself, primarily set by the US dollar value, that exercise would be futile! Just what mechanism would you suggest that could be used to devalue the US dollar, and only the US dollar, against gold? Anything I can think of would affect all other currencies as well, and therefore the market would simply re-adjust the relative currency values to the new gold price unless an actual gold standard was declared as the new basis for the world's reserve currency rather than the dollar...

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