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Are foreign reserves really reserves?
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Novato
Posted 8/29/2013 22:15 (#3297313 - in reply to #3296757)
Subject: Re: Are foreign reserves really reserves?



NWIOA
physical reserves are always positive, until they are negative.....

IE: rice in Thailand last year (?) Billions lost due to the gov'ts attempt to control markets via reserves and subsidized national pricing....

when they had to mark to market, heads started to roll....
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