re: big trouble at mill: flight of cash This is of course just one side of the equation. Slowly but surely, countries are rearranging their Reserves by including less US dollars and adding other currencies, including Gold.
Then, the coming unbundling of some of the vast Chinese, Japanese and others' dollar holdings with the FED. (Normally reported in M3)
Admittedly, they will try to achieve this in a controlled fashion so as not to sink the dollar-that would be against their own interests- but one can accept that a lot of dollars will flow back to the US, making the USD cheaper.
See what happens.
Gerry
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