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.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: ManyMoose who wrote (274531)	7/13/2002 12:02:04 PM
From: Ish	Read Replies (1) \| Respond to of 769670

<<How do you do that? That is, stabilize the dollar's value on the global market? >> It does it on it's own if nobody messes with it. Back in the early 70s Japan held way more American dollars than they wanted. The dollar was way down against the Yen, around 70 to 1 as I recall. Japan in turn bought American soybeans. They bought almost every bean we could produce. Beans went from $3 to $12. Dollars flowed back into the US and because Japan was no longer holding a surplus, the dollar got stronger. Japan sold the excess beans on the world market.