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Strategies & Market Trends : The coming US dollar crisis
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To: Real Man who wrote (25017)11/30/2009 7:50:26 AM
From: RockyBalboa  Read Replies (1) of 71406
 
...present for every major currency.

This corroborates my earlier mention that "more or less" all of them are fiat. But more or less could mean something here - see the relationship EUR and Pound, or EUR and Scandinavian currencies.

But it means much more wrt to currencies of countries with little foreign debt and / or surpluses in balance of payments (like China, or earlier Japan, Germany...). They are presumable much less fiat.

By the way, the EU has yet another effect that intra-EU foreign debt is netting out, leaving a much smaller amount of "true" net foreign debt; and making the EUR perhaps stronger than the sum of its parts. This and that has been widely underestimated.
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