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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Metacomet who wrote (66662)	7/15/2007 4:40:07 PM
From: skinowski	Read Replies (1) \| Respond to of 116555

Yes. I cannot see how selling of dollars would not cause pressure on the USD over time. However, how it would all play out I would not venture to predict. In issues like these reality too often acts contrary to what our intuition would lead us to expect. With all those trillions of "dollar equivalents" changing hands every day, I wouldn't care to make a bet on how many of them are "real" dollars - which were somehow "made in USA" and represent claims on our assets, and how many are... some abstract measures of value - "doillars". Just for the record - please note that we are no longer on the original subject of the discussion. At the start I simply said that if Iran wanted to apply pressure on the dollar, they could go ahead and sell whatever $$ they have and/or get - and the fanfare re: Japan was political in nature. Whatever currency the Japanese may want to use can be exchanged into anything the vendor may prefer -- instantly and transparently. Message 23699911