But then isn't the Japanese Yen appreciating vis a vis the US dollar? It is not third world but developed world currencies that are really being hit such as Australia, New Zealand, and Canada as well as European countries and also Iceland the best place in the world to live according to a UN survey.
Blog: http://kenthink7.blogspot.com/index.html Blog: http://kencan7.blogspot.com/index.html --- On Fri, 10/24/08, ravi <[EMAIL PROTECTED]> wrote: > From: ravi <[EMAIL PROTECTED]> > Subject: Re: [Pen-l] Why is the U.S. dollar regarded as a safe haven. > To: "Progressive Economics" <[email protected]> > Date: Friday, October 24, 2008, 11:46 PM > On Oct 24, 2008, at 9:37 PM, ken hanly wrote: > > but why would investors not prefer gold or purchasing > companies > > which are dirt cheap in many case rather than buying > US dollars. > > What makes people think that it is safe? > > The U.S. economy is in very bad shape and the debt is > ballooning. > > Why buy the U.S. dollar? > > > > Because if their monopoly money third-world currency starts > > appreciating too significantly against the dollar, the > master will > manufacture a reason and open up a can of whup-ass on their > homeland, > in which case it doesn't quite matter where their money > is parked, > since in the short-term they will all be dead. > > --ravi > > -- > Support something better than yourself ;-) > PeTA => http://peta.org/ > Greenpeace => http://greenpeace.org/ > If you have nothing better to read: http://platosbeard.org/ > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
