Patrick,

I appreciated your comments.
 
> Europe wants a piece of that action.  They may get their wish:  as
> y'all probably know, China is already moving a small portion of its
> foreign currency reserves into the Euro.

I wonder: just what is the relative magnitude of dollars held as 
reserves by governments and the private dollar float?  I have a
suspicion that the former is negligible compared to the later.

Does anyone know?
 
Best,

CCS



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