Re: Re: The US Dollar (spend it fast as you can)

[Rakesh Narpat Bhandari]

>Rakesh Narpat Bhandari wrote,
>
>>And the size of the CAD (and trade deficit) is not correlated with
>>the value of the dollar; if it were there would be some reason to
>>expect Tom W's scenario of an imminent mass dumping of dollars.  Why
>>does there seem to be no correlation? Ellen's analysis seems to
>>provide an answer.
>
>The tag line "spend it fast as you can" was meant to allude to the line in
>the song, "I don't give a damn about a greenback dollar, spend it fast as I
>can" not to any conviction of mine that the demise of the dollar is
>imminent. If... IF... there is a mass dumping of dollars, the precipitating
>event will most likely NOT be the fundamentals of the dollar itself. My
>guess is it will probably not even be a "financial" event.

in mad money susan strange raises the possibility of Japanese flight 
from the dollar because of need to refurbish capital base of Japanese 
banks in accordance with Basel requirements. Strange's is the  most 
plausible guess as to what will be the trigger for global depression, 
I think.

rb