On Thu, 25 Nov 2004 10:49:24 -0700, "John P. Mullen" <jomullen@zianet.com>
wrote:

>MacHamish wrote:
>
>> On Tue, 23 Nov 2004 19:15:06 -0700, "John P. Mullen" <jomullen@zianet.com>
>> wrote:
>> 
>> 
>>>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
>> 
>> 
>> Chinese Yuan.
>> 
>> http://www.x-rates.com/d/CNY/USD/graph120.html
>> 
>> MacHamish M$(D??(Br
>
>The need to adjust the Chinese Yuan exchange rate
>
>http://english.epochtimes.com/news/4-11-4/24165.html

Yes.  So?  This article proves your statement above wrong.  There is at
least one other currency that tracks the USD.

How about the Qatari Rial
http://www.x-rates.com/d/QAR/USD/graph120.html
The Omani Rial
http://www.x-rates.com/d/OMR/USD/graph120.html
The Saudi Riyal
http://www.x-rates.com/d/SAR/USD/graph120.html

ISTM, those flat graphs indicate that the currencies are pegged to (track)
the US Dollar.

QED.


MacHamish M$(D??(Br