Hello Jerry, I trade forex. Since 1st Jan 1985, the US$ has fallen from a
peak of 2.8490, to 1.2083 points(as of yesterday,) a total of an amazing
16407 pips! Of late the Chinese move to sell their dollar reserves and buy
euros has made things worse. Makes me wonder what will happen to the US
economy if this goes on, or if any of the ZPE initiatives take off....
Orlando
----- Original Message -----
From: "Jerry Fernandes" <[EMAIL PROTECTED]>
To: "Goanet" <[EMAIL PROTECTED]>
Sent: Friday, July 27, 2007 9:31 AM
Subject: [Goanet] Fall of the dollar
Dear Netters
I had asked a question to a topic ' FALL OF A DOLLAR' as to why
international community is using dollars to do business, and why the
countries have their reserves in dollars, for which I received this reply
from a gentleman by name Indiman. I would like to share it with you and
get your opinion too on the topic.
Cheers
Jerry Fernandes
