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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: m.philli who wrote (6146)	5/31/1999 1:16:00 PM
From: m.philli	Respond to of 81011

Another thing I wanted to bring up. How much Asian debt is denominated in U.S. dollars. When the event happens that causes America to stop buying Asian goods,(market crash or other) would it not be beneficial to go ahead and stomp on the dollar. A large percentage of the U.S. denominated debt would be wiped out. First it would be wise to develop a gold backed currency, that would strengthen as U.S. dollar weakened. Would it not be wise for Asian countries to be accumulating gold both for conversion into their new currency to maintain its gold backing ratio and also to convert into the depreciated U.S. dollar debt?

To: m.philli who wrote (6146)	5/31/1999 9:54:00 PM
From: d:oug	Read Replies (1) \| Respond to of 81011

(from your post) <<...when America falters...isolationism and shunning of the "aggressive one"(including their currency) may occur... ...The purpose in life of Asian nations is not to supply cheap goods to America and make her stronger and richer. Their purpose in life is to find a way to allow their own people to purchase their own products and increase their standard of living. As long as America appears to be helping in achieving this ok for the U.S., when it appears they are no longer as great a benefit as they were. Watch out dollar.>> I agree with what you say and wonder if those persons in these Asian nations see the money/currency/gold factor as a way to control the destiny of their own country or do they see this as just one part of many things that must exist before they will be able to control events themselves. If possible, could you please expand on your following sentence. << Sometimes the employees have even been known to create their "own operation" with control collectively placed in a board made up of themselves.(This is what I think is happening) >> "own operation" = ? = are economic changes needed also thanks