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To: gdichaz who wrote (40332)	9/10/1999 9:44:00 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 152472

Yesterday was scary for the US$ I hope it was a climax showing little sustaining followthru.. Bank of Japan blew its wad in the summer attempting to defend the JYen rise, hoping for the USTreasury to help.. but Secy Rubin is gone, and his replacements are NOWHERE NEAR AS ADEPT in judging danger levels or interceding at critical support/resistance points many thought the USTreasury would intervene at 110, but they didnt.. tremendous game of cat&mouse with currency traders and futures traders of currency attempting to anticipate actions of central banks and large hedge funds.. we are talking about trillions of $$$ daily.. a big casino, often attended by Soros one thing is for sure: currency traders overdo everything, then they turn the tables and send it the other way.. sooner or later, it will turn the other way Limtex, sure is true that nobody knows where exchange rates will settle by end of day.. ever since gold standard was discarded by Nixon in Bretton Woods (Nixon was worst steward of US economy in history), the US TBond has served as the world's store of value.. the backside of a TBond is a USdollar one lost consequence on the thread (omitted by me) was that declining dollar is inflationary.. we are an importing society and economy.. those imports now cost more than a year ago, or six months ago / jim