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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (62397)	5/31/2006 10:47:55 PM
From: Ice Cube	Respond to of 110194

Go anywhere in Asia and the currency of choice in the $. People do not realize how much currency controls these countries have in terms on moving money out of the local currency and into $. They know if they pulled these controls there would be a mad rush into $'s.... The locals don't want to hold their own currency, they know they are only one short event away from economic disaster. Sure the U.S. is a mess, but compared to everyone else, we are ok, this is why the dollar will rally the second half of the year and catch everyone by surprise..... Since the 97 mess in Asia there has been great growth in the region, but now there more than just subtle cracks in their system (Asia)...... Money has been flowing OUT of Asia for some time (the locals money).. the only thing proping the economy up in Asia is U.S. and European money chasing returns... the locals have all been busy opening BVI accounts and moving their own money out of the region. EVERY businessman with the means has an offshore account and moves money out of the region.... they know very well where this is all headed.