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Strategies & Market Trends : Pancho Villa's Short Analysis File -- Ignore unavailable to you. Want to Upgrade?

To: Pancho Villa who wrote (222)	1/19/1999 7:52:00 AM
From: valueminded	Read Replies (1) \| Respond to of 287

Pancho: <Another problem that will one day hit is the tremendous US's deficit. One day the japanese chinese etc, will realize the trillions of green IOUs that we exchange for hard goods [produced at a loss using funds borrowed from western banks] are less reliable than Clinton's word> Yes but by then we will have bought most of the hard assets in many of these countries and can devalue their greenback holdings with impunity. I am amazed that the foreign companies have not awaken to this fact yet and sit on so many greenbacks. You would think that they would be scared to hold so many eggs in one basket, especially since so much pressure on the dollar to weaken ? yes/no ?