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To: IngotWeTrust who wrote (6623)1/23/1998 6:42:00 PM
From: Bobby Yellin  Read Replies (1) | Respond to of 116762
 
Thanks a lot..heard somebody on CNBC say we won't be flooded with
cheaper Asian exports because they don't have enough money with the
credit crunch to export them :>
also never realized that the European economy combined was larger
than US...wonder if their unions are a lot stronger than ours so
when the downsizing and more mergers continue..maybe their workers
won't be so silent..
I think you are right about common currency..
have a lovely weekend..! (finally beginning to hear on the news about
gold being safe haven..let the CBers weep this weekend..hope it continues..somebody said that the Chinese are buyers now for their
next holiday..wonder if support will continue after that..
bobby



To: IngotWeTrust who wrote (6623)1/24/1998 9:36:00 AM
From: Dwight Taylor  Read Replies (1) | Respond to of 116762
 
49--nice expose. Am in agreement with ECU. It won't happen. You mention the wide dispersement of US$. What I sense may be happening with respect to US greenbacks is the transition to the new bills may render old bills worthless. Possibly the Treasury may announce at some point in the future a window of opportunity to turn in old bills. When the window closes they become worthless. This new currency with the holograms, magnetic strip, etc. is not implemented simply to discourage counterfeiters. From what I understand it can be traced as to it's whereabouts.