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Re: tigertrader post# 4376

Thursday, 10/29/2009 12:54:52 PM

Thursday, October 29, 2009 12:54:52 PM

Post# of 12137
There is no immediate threat to the dollar as the reserve currency. An issuance of 300 billion SDR's is not going to cut it or do much. There is no doubt that the Fed is testing the limits of the dollar but there is no immediate alternative to the dollar. No other country at the moment besides the US currently has a stable and trustworthy government (only trustworthy comparitively) with a highly liquid bond market. China has the right to bitch and moan about the dollar but that's about it. All the talk about moving away from the dollar is just IMO idle threats to motivate the Fed to strengthen dollar and nothing more.
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