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To: marek_wojna who wrote (72204)	6/22/2001 1:07:11 PM
From: jrinvestor	Read Replies (1) \| Respond to of 116954

<<<<<<<<<<really do hope I'm wrong. But once the dollar starts its decline I can see East Europeans and rest of the world dumping dollar faster than administration can raise the rates to prevent it. Please to remember, most of the accounts in Swiss banks are held in US$. Weak dollar will mean beginning of hyperinlation and US CANNOT afford 20% interest rates like they did in 1980. IMHO. >>>>>>>>. You sound like you have some AX to grind. Why do you care who gets hurt? As a matter of fact it is JOHN Q public who gets hurt with a weak dollar while corporate America benefits world wide. As far as what USA can stand, It has no choice. JR Got Gold?????

To: marek_wojna who wrote (72204)	6/22/2001 1:07:34 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 116954

This strong versus weak dollar discussion may be missing the point. Exactly what does the strong dollar policy consist of? Apparently nothing more than saying we are in favor of a strong dollar or at least denying we favor a weak buck. Certainly plunging short rates, a huge balance of payments deficit, and a leveraged economy headed for a recession are not the kind of things normally associated with a strong dollar. But all the US has to do is say it wants a strong dollar and like magic it is so -- at least for now. Heaven help the dollar bulls when this "magic" no longer works.