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Politics : Bush-The Mastermind behind 9/11? -- Ignore unavailable to you. Want to Upgrade?

To: SirVinny who wrote (1873)	8/11/2003 11:33:45 AM
From: rrufff	Read Replies (1) \| Respond to of 20039

Everything after I'm not an economist is bogus. If you study the currency markets, you know they are built to withstand this type of change. The argument may have had supporters 50 years ago but not now.

To: SirVinny who wrote (1873)	8/11/2003 11:37:47 AM
From: LPS5	Respond to of 20039

A sudden demand for [t]rillions of Euros at the expense of US$ would considerably devaluate [sic] the US currency... It need not have any effect at all, nor would the change in value arise of demand for Euros. It might cause a brief decline in the value of the dollar, which would be an initial effect of the liquidation of dollar positions for conversion; that would be a short term effect for the currency markets to digest, and could be hedged against quite easily. ...and possibly lose its prestige (and everything else that goes with it) of being the currency of choice in world trade. What else "goes with" the "prestige of being the currency of choice"? LPS5