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To: yard_man who wrote (5752)	7/9/2001 5:14:48 PM
From: Box-By-The-Riviera™	Respond to of 74559

g7.utoronto.ca

To: yard_man who wrote (5752)	7/9/2001 6:20:37 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 74559

larouchepub.com

To: yard_man who wrote (5752)	7/9/2001 6:22:53 PM
From: Box-By-The-Riviera™	Respond to of 74559

faculty.fuqua.duke.edu

To: yard_man who wrote (5752)	7/9/2001 6:29:30 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 74559

from russell today July 9, 2001 – Question: with major manufacturers complaining that with the high-priced dollar, they can't export, why does the US adhere to its policy of "the strong dollar?" Answer: The following is courtesy of Jim Grant – "Foreigners own a near-record 36.7% of all outstanding US Treasuries, a record 13.3% of federal agency bonds, and an unprecedented 22.7% of US corporate bonds. Moreover, as of 2001's first quarter, a record 12.2% of the market value of US equities accrued to foreign investors." In case you haven't figured it out yet, foreigners own one hell of a lot of US securities. If the dollar starts to slide in earnest, all that has to happen is for foreigners to dump a small portion of their holdings of US securities and it's "Katie, bar the door." That, in a nutshell, is why the US government wants a "strong dollar policy."