From: "Robert G Lewis" 

And if the Chinese and Saudi's start selling all of their holdings don't
you think that more and more people would believe the dollar was losing
value ?

Bob Lewis

"Geo"  wrote in message
news:41b3a098$1{at}w3.nls.net...
> "Robert G Lewis"  wrote in message
> news:41b3951b{at}w3.nls.net...
>
>> I would expect a larger decline in the value of the dollar and a raise in
>> interest rates though.
>
> What does selling debt have to do with the value of the dollar? The value
> is
> based on what people believe not availability. Look at the price of oil,
> it's not based on what is available, it's based on guesses about what the
> price will be tomorrow or the next day or the day after that.
>
> Geo.
>
>

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