Euros as a settlement currency

Doug Henwood dhenwood at panix.com
Sun Feb 16 18:13:40 PST 2003


Steven wrote:


>All of this has to have the masters of the US fiat currency quite
>concerned about USD hegemony. If the world doesn't continue to trade in
>USD's, then how in the hell are the 'string pullers' supposed to finance
>all this debt?

That's a problem, esp as they're about to issue gobs of it. And the euro chart <http://finance.yahoo.com/q?s=^XEU&d=c&k=c1&a=v&p=s&t=2y&l=on&z=m&q=l> seems to agree.

Doug



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