Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (7525)	8/22/2001 6:40:05 AM
From: elmatador	Read Replies (2) \| Respond to of 74559

The new thing in this collapse is that the US for the first time is not letting the dollar fall. Do you guys remember the Plaza Accord of 1985 when the G7 agreed to let the dollar fall? I remember GI's stationed in Germany were buying Porsches since their allowances (in USD) were very high and the DM was in the cellar of the earthworm. Why the US do not let the dollar to go down? I am looking to this today as August 1972 when Nixon allow the dollar to float and the gold standard bit the dust.