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

To: elmatador who wrote (44143)	12/31/2003 9:07:08 PM
From: TobagoJack	Respond to of 74559

<<Governments export more than they can import>> ... no. I am told, thought about it, and believe the people produce more than they consume, saving the difference, in whatever currency, and if in domestic currency, the government then buys the foreign currency with domestic currency, perhaps off the press, and then, in turn, either places the foreign currency in reserve and speculates it on the foreign nation's bonds, or spends the foreign currency on other things, whatever they may be, via direct purchase or via proxy purchase. I do not know any private individuals hoarding USD paper assets at this time, and this is a big change from 12 months ago. The central banks certainly appear to be doing it, and they may keep at it until the US consumers go kaboom.