it's a paper bug's dream ..., page-13

Hi Pug, pretty misleading article isnt it,

weak dollar illusory, WELL..measured against other fiat currencies, maybe the US dollar has held its own, but measured against gold and commodities, its been decimated.

The worlds reserve currency is supposed to be a store of
wealth, thats why its value was linked to gold.


Rising Demand....well we got to sell our debt somehow

Nowhere is that more evident than in the market for U.S. Treasuries. The amount of Americas government debt held by investors outside the U.S. rose 17 percent to $3.6 trillion in 2009 through November, according to the Treasury Department

Those Carribean banks again, when will they learn, or is it just American money on the sly, creating the perception of rising demand.


Rally by Default....thats the only bit I agree with here


A better bet....it is when you own the casino and the printing press.

The U.S. Office of Management & Budget said Americas budget deficit will fall each year through 2014, to $706 billion from $1.56 trillion in 2010, as borrowing needs drop to $814 billion from $1.75 trillion.

Under stress, people trust the U.S. to do the right thing, said Sebastien Galy, a currency strategist at BNP Paribas SA in New York. The U.S. is a better bet.

That is another five trillion dollars in deficit over the next four years, and people trust the U.S. to do the right thing...PLEASE!

No Alternative....I can think of one or two

There is no alternative to the dollar, so its status as a reserve currency cant be under threat, said Adam Boyton, a senior foreign-exchange strategist at Deutsche Bank AG in New York

The greenback has an 86 percent share of the foreign- exchange market, more than twice the euros 37 percent.

Well that adds up to 123 percent, is that at all possible, sorry the guys obviously a banker, I forgot about fractional banking, and rounding errors.



Relative Deficits....after all, its all relative.

At their meeting this weekend in Iqaluit, Canada, Group of Seven finance ministers pledged to press ahead with economic stimulus measures. Canadian Finance Minister Jim Flaherty told reporters that we need to continue to deliver the stimulus to which we are mutually committed and begin looking at exit strategies to move to a more sustainable fiscal track.

What exit strategies, there is no way out of this now, so just keep digging bro. Dont they know the first rule of holes is to stop digging.

cheers grant