Re: [OPE-L] Call in the reserves By Harold James

From: Paul Bullock (paulbullock@EBMS-LTD.CO.UK)
Date: Mon Dec 20 2004 - 17:14:38 EST

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Rakesh and others, 

I am a little bemused by the constant reference to Japan and then China's holding of dollars without reference to the 3rd largest holder Britain ( not much less than China), which also shares a creditor's risk. Which will of course explain why Gordon Brown was lecturing all and sundry on the dollar during his recent visit. 


Paul Bullock.


----- Original Message ----- 
From: "Rakesh Bhandari" <bhandari@BERKELEY.EDU>
To: <OPE-L@SUS.CSUCHICO.EDU>
Sent: Wednesday, December 15, 2004 11:42 PM
Subject: [OPE-L] Call in the reserves By Harold James


>   Very strained argument that dollar depreciation may lead to new
> forms of state socialism. rb
> 
>

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