House of Paine

two reserve currencies?

 one point keeps poking up

since the formation 
of the euro a half dozen years ago

finaly 
the asian traders 
 have 
  two 
viable global 
reserve currencies 
to hold 

non sense 

its still

"the dollar stupid "

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  "to the almost as  good as gold dollar
               we can now add 
 Europe's better then  silver  euro "

nope
no bi -reservism

never was never will be 
more then one 
reserve currency 
in any integrated market system

why ?

well even before we hit the old bi resevre question

one can say 
" cause
   the euro isn't a sound curency"

it could fragment
 devolve back into its national elements 

the swedes and the brits 
are already outside
and doing better because of it 
others now in 
could 
join in  an  exodus 

face up to 
 the paradox of hardness 

"we could become 
a  dried up 
 set up 
like switzerland
too hard too heavy to fly" 
                burlesque phoney 


perhaps UNCLE'S BOYZ
 are  putting upward pressure
 on the euro just now
to prove a point
to the axis of contrast
i.e.
to paris and berlin


"ok want to create
a strong counter reserve currency?
fine 
but watch your trade position lads "

its hard for me to imagine the japs 
or any other of those
dollar eating asians
actually believe
they can play uncle
 off on old europe

(ie france and germany) 

remember the old joke about the horse and the camel ?

well

the euro is a dollar by committee 


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