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Tiwaz · 04-11-2003, 09:02 AM

And by the way:

The dollar isn't too strong, Reliable said. I can add that the Euro isn't too strong either. Both currencies are dropping in value on the world market. The dollar is dropping more rapidly, so, relatively, the value of the Euro is increasing in relation to the dollar.

If you're really interested, look for a book or paper that discusses the position of America in the global economical market. Look for subject as: Indebtednes of American households (76% of gross national product) and the capital flow to America. You'll be surprised at the way the economy works in the US. 'Chronic deficit' are the two keywords. 'Paid' by the rest of the world by investing savings on the New York stock exchange (about 1500 billion dollars a day). This making America the centre of the mondial capitalism. May seem as a flame to some (American) people here, it's not intended as one. It's just how it works.

At pest: Yes, you are partly right. Since the abolition of the system of Bretton Woods (for every dollar there is one dollar in gold), the currency is purely an abstract symbol.
Don't know what you mean by 'fed' (federal government?); what I do know is that the American banks don't not have reserves for Japanese accounts. They require an amount of money to make the transfer, but once it's gone, it's gone. The dollars become yen.

	(#12)
Tiwaz is Offline Senior Member Posts: 637 Join Date: Nov 2002 Location: Out	04-11-2003, 09:02 AM And by the way: The dollar isn't too strong, Reliable said. I can add that the Euro isn't too strong either. Both currencies are dropping in value on the world market. The dollar is dropping more rapidly, so, relatively, the value of the Euro is increasing in relation to the dollar. If you're really interested, look for a book or paper that discusses the position of America in the global economical market. Look for subject as: Indebtednes of American households (76% of gross national product) and the capital flow to America. You'll be surprised at the way the economy works in the US. 'Chronic deficit' are the two keywords. 'Paid' by the rest of the world by investing savings on the New York stock exchange (about 1500 billion dollars a day). This making America the centre of the mondial capitalism. May seem as a flame to some (American) people here, it's not intended as one. It's just how it works. At pest: Yes, you are partly right. Since the abolition of the system of Bretton Woods (for every dollar there is one dollar in gold), the currency is purely an abstract symbol. Don't know what you mean by 'fed' (federal government?); what I do know is that the American banks don't not have reserves for Japanese accounts. They require an amount of money to make the transfer, but once it's gone, it's gone. The dollars become yen.