Comments on: Dollar rout http://www.johnredwoodsdiary.com/2007/07/25/dollar-rout/ Conservative Party Member of Parliament for Wokingham Tue, 07 Oct 2008 06:57:33 +0000 http://wordpress.org/?v=2.6.2 By: Tapestry http://www.johnredwoodsdiary.com/2007/07/25/dollar-rout/#comment-4224 Tapestry Tue, 31 Jul 2007 05:16:21 +0000 http://www.johnredwoodsdiary.com/?p=387#comment-4224 Hi John, I like short and simple explanations like the above. Is it true that Brown has bought $112 billion of US Treasuries in the last 12 months. (US Government Stats) Spain is selling off its gold reserves in an accelerating programme. Their Treasurer says he is buying bonds with the proceeds. Maybe these are also US Treasuries. Has the Dollar bail-out been going on since last year, European Governments to the fore trying to protect the eurozone? It seems very likely as this has suppressed the gold price boom. If the dollar fall keeps going, despite intervention, will the eurozone crack? How much money has Gordon Brown lost by buying US Treasuries? It would make a good headline. Hi John,

I like short and simple explanations like the above.

Is it true that Brown has bought $112 billion of US Treasuries in the last 12 months. (US Government Stats)

Spain is selling off its gold reserves in an accelerating programme. Their Treasurer says he is buying bonds with the proceeds. Maybe these are also US Treasuries. Has the Dollar bail-out been going on since last year, European Governments to the fore trying to protect the eurozone? It seems very likely as this has suppressed the gold price boom.

If the dollar fall keeps going, despite intervention, will the eurozone crack?

How much money has Gordon Brown lost by buying US Treasuries? It would make a good headline.

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