Yup, the US$ is the international reserve currency. Lots of countries depend on it. China and Japan have a lot of US$s and lots of securities (US Treasuy Bills) denominated in US dollars. They wouldn't want to see its value fall.
Ed ----- Original Message ----- From: "Christoph Reuss" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Tuesday, July 10, 2007 1:22 PM Subject: Re: [Futurework] More money, less money, more or less money >> Zimbabwe, where the inflation rate is said to be about 5,000% per year. >> About ten years ago, the Zimbabwe $ and the US$ stood at parity. What's >> happened since then is that the Mugabe government has printed tons and >> more tons of money. > > America ALSO has printed tons and more tons of money. But it has the > "world currency" whereas Zimbabwe doesn't. > > Chris > > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ > SpamWall: Mail to this addy is deleted unread unless it contains the > keyword > "igve". > > > _______________________________________________ > Futurework mailing list > Futurework@fes.uwaterloo.ca > http://fes.uwaterloo.ca/mailman/listinfo/futurework _______________________________________________ Futurework mailing list Futurework@fes.uwaterloo.ca http://fes.uwaterloo.ca/mailman/listinfo/futurework
