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To: RipSawyer
"That is the fact, but what would happen in the short term if we revalued our currency at a realistic level versus the others? All those foreigners who are holding US government debt would suddenly find their holdings grossly devalued and what would be the final result of that? "

These ara really good questions and considering recent statements made by the IMF concerning the value of the USD I would like to hear some answers.
45 posted on 09/28/2003 2:18:04 PM PDT by JohnSmithee
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To: JohnSmithee
The international free market in currency establishes the value of the dollar. No one controls it.
51 posted on 09/28/2003 2:36:00 PM PDT by Dan Evans
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