Quote:
Originally Posted by competentone
But how much of that move to dollars is based upon people reacting to the dollar's history as a safe-haven during financial turmoil, rather than any in depth understanding by foreigners about the nature of this financial collapse?
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Presumably much of it is that. Still, there are only two real reserve currencies in the world, and the Europeans have not impressed anyone with their lack of coordination, spotty recognition of their problem, and slow/late/small actions.