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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: Giordano Bruno who wrote (6766)5/2/2008 2:11:43 PM
From: RJA_  Respond to of 71412
 
>>Swap line to ECB increased to $50B from $20B
Swap line to Swiss National Bank increased to $12B from $6B

Any idea what is actually done with the swap lines...? other than as a backstop for what I assume is true: that the US has very little of its own reserves of foreign currency?

Will this some day be used a a purchasing medium in a world that does not want USD?

Are we there yet?