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Gold/Mining/Energy : Euro Impact on Gold, USD ...
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To: long-gone who wrote (248)1/20/1999 10:28:00 PM
From: banco$  Read Replies (1) of 289
 
RH, Bottom line - confidence buster. A state accepts wholesale abandonment of its currency for sake of euros or green stamps, and the signal would be deeply negative across the global financial sector. Probably resulting in a train wreck among emerging markets at minimum for fear of a domino effect. And to have winners (reserve currencies) there must be losers (everybody else), so who wants to reduce the number of dependents except the dependents? 'We' worked extremely hard for decades to make 'them' dependent. Further, I doubt Argentina is free to make that decision because it requires acceptance on the other end. As for money supply...however that fits with your assumptions...I do not follow M-1-2-3.
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