Re: Hegemony and Control, was "question folks"

meakes sense as far as it goes
g/On Tue, 9 May 2000, Dennis R Redmond wrote:

> Date: Tue, 09 May 2000 18:40:59 -0700 (PDT)
> From: Dennis R Redmond <dredmond@OREGON.UOREGON.EDU>
> To: WORLD SYSTEMS NETWORK <wsn@csf.colorado.edu>
> Subject: Re: Hegemony and Control, was "question folks"
> 
> On Mon, 8 May 2000, Gunder Frank wrote:
> 
> > Imagine if they would call in teir bets. The Euro has b een falling vs
> > the dollar, b ut the Europeans still keep oodles ofeservces in $$ in 
>the 
> > US. if they would transfer some back hok - as wea expected tehy would 
>do 
> > whebn the Euro came in - the US $ would plummet and the US econ son
> > after. So why dont they? Good Question.
> 
> Probably keeping their powder dry, is all. There was some study by
> Deutsche Bank which showed that the Eurozone now has 150-200 billion EUR
> in excess dollar reserves, now that many cross-European markets have
> vanished; they could sell those at an enormous profit any time they want
> to. Possibly the Eurobourgeoisie want a soft landing for the US
> economy, and are fearful of touching off a double-barreled dollar/stock
> implosion which could boomerang on them (the EU has tons of money invested
> in the US right now, and would take a bath on this, just like Japan got
> burned by the 1990-92 slump).
> 
> -- Dennis
> 
> 


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
                     ANDRE GUNDER FRANK
          Visiting Professor  of  International Relations       
University of Miami           &         Florida International University  

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My professional/personal conclusion is the same as Pogo's - 
            We have met the enemy, and it is US 
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