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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: BubbaFred who wrote (68518)	2/4/2004 12:24:56 PM
From: Real Man	Respond to of 94695

The advantage is that you can literally print gold. Would not you like, instead of working, just print the money each month and deposit it into your account? Life would be great then, wouldn't it? I believe, that's exactly the advantage of having reserve currency - you have to just print the currency to pay for foreign goods and services. US has been doing just that (large trade deficit, rising $) for a while, until the competition - the Euro - came along. I guess the idea behind the Euro was to reduce the dependence of Europe on the dollar-denominated trade, not actually to export inflation. Although, inflation has been pretty high in Europe throughout the 90-s.... I guess, what has been an advantage could rapidly become a disadvantage, should nobody want the dollars.