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

To: Haim R. Branisteanu who wrote (73766)	5/30/2010 9:28:14 AM
From: RJA_	Respond to of 74559

It would seem that to borrow some terms from Richard Nolle, what we have is a large soufflé settling... And swaps are one way to help it settle, easing differences between currencies and blocks so the pain is spread more evenly everywhere... In a sense, we already have a world currency regime, with the CBers swapping regional confetti back and forth. None of it has intrinsic value... so to a CBer, whats a few electronic digits here or there? The idea is mitigate the crisis. So it appears already, that we have a one world currency system. Now it only needs to be formalized, with some unit of exchange.