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Strategies & Market Trends : Asia Forum
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To: Henry Volquardsen who wrote (7898)1/22/1999 11:42:00 AM
From: Frodo Baxter  Read Replies (1) of 9980
 
>Brazil and Russia don't have the money to pull it off so I doubt it would happen.

Brazil's M3 is around 330 Bil reals. At today's 1.7 exchange rate, or around $194 Bil. HK's dollar backing is what, 40% of M3. So that's only $78 Bil. Brazil can do it if those jokers swallow their pride.
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