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To: pater tenebrarum who wrote (70892)	10/21/1999 4:24:00 PM
From: re3	Read Replies (2) \| Respond to of 86076

<<<credit, credit and more credit. its what made america great (see the movie milagro beanfield wars)

To: pater tenebrarum who wrote (70892)	10/21/1999 4:41:00 PM
From: BGR	Read Replies (2) \| Respond to of 86076

Heinz, The rumours of the dollar's impending death seems a bit like that of Mark Twain's. As for the Peso and the Rupiah, surely you are joking, Mr. Blasnik! I do not remember the USD holders jumping up and down when the dollar appreciated 500% against the Rupiah last year. The reason, of course, is simple - that it is all Rupiah specific and not dollar specific. As for the Euro and the Yen, it has only been a few months when daily drops in the Euro (to almost, oh no, parity!) and the Yen (to that dreaded 150'ish level) were the norm. Anyway, given that the those two economic regions are now coming out of their individual recessions (which, so claim the realists, should promptly be killed off by the Central Banks with higher interest rates!) it is not surprising that their curencies are strengthening. However, if I remember correctly, the Euro is still below its debut rate and the Yen has been at this range in the early 90's as well. I know that nothing continues indefinitely. My only point is that back in the days of the gold standard, that was exactly what the present gold bugs would have claimed, that gold would remain forever a true store of value. So, sorry, that criticism is welcome in general, but not in particular from that corner. Finally, if credit needs around the world go up because of recovering economies, that can only help the US current account deficit. -BGR.