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Old 07-29-2009, 11:57 AM
bunnny bunnny is offline
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Default money
The day after, both Credit Suisse and Deutsche Bank find they have too many GBP and not enough USD, along with other traders. To move their inventories, they have to sell GBP at USD $1.999, that is, 1/10 cent less than $2 per pound, and the exchange rate shifts. None of these banks has the power to increase or decrease the British M0 or the American M0; they are independent systems.


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Old 08-16-2009, 04:47 PM
legalexchange legalexchange is offline
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this is a qustion or sharing some thing
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Old 08-19-2009, 09:18 PM
TheRakebackMafia TheRakebackMafia is offline
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Who in their right mind would pay $2 for ?1?
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Old 08-20-2009, 04:45 AM
pmorrison2588 pmorrison2588 is offline
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So what did they do next? With this deal they would be in great trouble.
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Old 08-22-2009, 03:32 AM
tuliaoren tuliaoren is offline
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I want to know that how they do it at it end?
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Old 09-16-2009, 03:07 AM
rainman rainman is offline
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Yes they do
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Old 09-21-2009, 05:03 PM
divengrabber divengrabber is offline
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such a huge info. oh my god.
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Old 09-25-2009, 03:57 AM
Robert Pattinson Robert Pattinson is offline
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yep, there's a ton of information there. Thanks
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Old 10-02-2009, 07:42 PM
johnl123d johnl123d is offline
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G/U is rising again
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