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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (51848)	5/21/2002 2:26:35 PM
From: Clappy	Read Replies (2) \| Respond to of 65232

the dual dollar is a fait accompli, done deal Treasury is in the process of creating a foreign dollar, domestic dollar they are preparing for a possible and likely large devaluation which will be a screwjob to foreigners if that happens, or when that happens, I expect US longbond yield to rise substantially I hadn't heard about that. What's the gist of it? How would it work? Would it compete against the Euro and other currencies? Would it compete against our currency? I'm not sure I understand the concept. What would gold and other currencies be pegged against? Got any links on the subject? -Clapper