[HUG ] SV: Re: The falling dollar/ photos vs digipics

The reason to the dollar fall is far less 'political' and due to any 'dude' in 
a white house - or any house of any other color, - than the simple fact that 
the Euro has - in a very short time, taken over as reserve currency for a lot 
of people in unstable economies like countries in the Middle East, Russia etc.  
Here they are buying 'Euros' (instead of dollar) to safekeep their monthly 
sallary.  To keep it in local currency has proven to be all to risky (ref the 
ruble fall of 98').

The effect of the dollar fall, as I predict will spell the end of both 
Hasselblad and Leica, is going to be felt by all of us, regardless of which 
side of the Atlantic we are on.  We are in this together, you see.

Tom of Oslo

> From: Robert Meier [robertmeier@xxxxxxxxx]
> Sent: 2008-05-06 18:10:48 CEST
> To: hasselblad@xxxxxxxxxxxxx
> Subject: [HUG ] Re: The falling dollar/ photos vs digipics
> 
> 
> ----- Original Message ----- 
> From: "Marc James Small" <marcsmall@xxxxxxxxxxx>
> To: <hasselblad@xxxxxxxxxxxxx>
> Sent: Tuesday, May 06, 2008 1:42 AM
> Subject: [HUG ] Re: The falling dollar/ photos vs digipics
> 
> 
> 
> 
> >That is hardly "truth":  it is wild lunacy.  The US government does not 
> >control the value of the dollar in international trade;  that is set by the 
> >free market.
> 
> The dollar has fallen because the government has been issuing more of them, 
> about 15% more per year.   It's supply and demand:  more and more dollars 
> are flooding the world's markets, so they become less and less valuable. 
> That is what inflation actually means, an increase in the money supply. 
> The prices for goods rise as a result of the money supply increasing. 
> 
> 
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