Re: [Marxism] Analysis of the G20 Summit

["S. Artesian" <sartesian@xxxxxxxxxxxxx>]

I agree with Brad.  So far, purchases of US Treasury issues has not 
declined, and the trouble such offerings have experienced has been less than 
the recent issues of UK gilts, and German sovereign debt, where, I believe 
the last to offerings were not fully subscribed.

Such purchases of US Treasury instruments may, and will in fact decline, but 
not because the yuan is replacing the dollar or China is replacing the US, 
but simply as a result of ECONOMICS as less revenues, less exports, less 
foreign trade, less PROFITS yields less surplus to be invested in "safe 
havens."

The dollar broken as a global reserve currency?-- not hardly, not by a mile, 
a millenium, not without a revolution.

----- Original Message ----- 
From: "brad bauerly" <bbauerly@xxxxxxxxx>
To: <sartesian@xxxxxxxxxxxxx>
Sent: Friday, April 03, 2009 2:44 PM
Subject: [Marxism] Analysis of the G20 Summit



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