Rykk wrote:
> 
>> in article 41a29357$0$24335$a8266bb1@news.titannews.com, Ian Smith at
>> ianinhoose@btinternet.naespam.com wrote on 11/23/04 10:47 AM:
> 
> 
>>>   The entire world (the other 94%) doesn't have to use dollars, and
>>> it certainly wouldn't be the end if the dollar collapsed. The people
>>> of America should realise this. However, I'm not anti-American, and I
>>> continue to buy their products/services. They have achieved much, and
>>> many can learn from them. It doesn't make them perfect, though. The
>>> question is, can they/are they willing to learn from the rest of the
>>> world?
> 
> 
> As I said.  Many countries currencies are Pegged to the dollar.  That 
> means for every point the dollar goes up or down, that countries 
> currency goes up or down automatically by the ratio they pegged thier 
> currency at.
> 
> If you don't think a depression in the US will lead to a depression 
> everywhere else.  Read more history.
> 
> The US is a significant percentage of the World Economy.  Other 
> countries with large Economies, Such as Japan have a significant amount 
> of their economy invested in the US.  Hurting the US hurts these 
> countries.  Ruining the US economy won't be be the end of the world.  
> But then again.  Neither is drinking from the toilet.  You just won't 
> feel very good afterward.
> 
> Rykk


Interesting theory, but no relation to facts.

Here are some facts

http://www.x-rates.com/d/EUR/USD/graph120.html

It seems like nobody tracks to the USD.  It also seems the USD is 
falling with respect to most currencies.

John Mullen