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To: IngotWeTrust who wrote (88196)7/23/2002 9:01:13 AM
From: Real Man  Respond to of 116796
 
If G1 goes into the crapper, so will the rest of G7. Expect competitive currency devaluation then, to try to save exports and companies, especially from the Japanese. They will do it as soon as they realize that their current policy of buying 20-30 Trillion dollars per month does not work. The dollar reserves of foreign cbs are around 1 Trillion. This policy of buying the trade gap will double it pretty soon.