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Old 08-17-2007, 09:49 PM
Leaky Eye Leaky Eye is offline
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Join Date: Jan 2005
Location: norcal
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Default Re: The Fed\'s Secret Weapon

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Reissuing the dollar would destroy the value of large hoards of cash, effectively lowering the money supply

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Huh? Nobody will be hoarding cash in hyperinflation.

If you are suggesting they decide not to honor the dollar anymore no one is ever going to accept the new dollar. And they certainly will pick something else to trade oil.
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