Re: Gas/Fuel War!!!

Posted by Corner Post on April 10, 2005 at 19:23:12 from (69.66.106.177):

In Reply to: Re: Gas/Fuel War!!! posted by Paul in Mich on April 10, 2005 at 18:04:06:

Euro holders may not trade for dollars. Many central banks hold Dollars as the major part of their assets since so many things around the world are priced in Dollars including oil. If the Dollar falls relative to their "home" currency, the central bank has to write down the value of it"s Dollar holdings. Germany for one is getting sick of this as it took the Bundsbank from a profit to a small loss. other central banks, including China, are getting their bellies full as well. Hang on if they decide to sell. we won"t be able to afford to print GW"s photo on anything.

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