Here's a question Sense

Does this mean the Euro Dollar could possibly replace the US Dollar by being more 'wanted' as you suggest and if so the US would collapse and probably take the rest of the world with them?

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What about if arab nations were to exchange their US dollars for all Euros wouldn't this cause a large murmer in the US economy and, like the stock market, cause a bullrun?

If a high CAD is not a problem, why measure it?

Think of it as a 'work for the dole' scheme for economists.

You've got a thing about jew haters. Personally I don't know any jewish people so it is a bit hard for me to judge the Jews. Because I am a christian I would never be able to understand why the Jews never accepted Jesus as the son of God. In Australia we accept any religion that does not conflict with the governing laws of this country. You and Aus Nat should be able to have some great debates having opposite beliefs. I'm sure this is why your on the forum anyway, for a bit of brain stimulation that is.

Thanks for the info too as I was unaware of how these treasury bonds worked. I didn't know that the US borrowed all this money for 30 years. It would be interesting to see a breakdown of who they owe money to.

http://www.smh.com.au/news/Business/High-A-tough-for-exporters-Costello/2007/03/21/1174153142945.html

Treasurer Peter Costello said a high Australian dollar does make it difficult for the country's exporters, but he would not be drawn on the outlook for interest rates.

"The fact that the dollar is high does make it hard for Australian exporters. It's doubly difficult is you are an agricultural producer because you are also dealing with drought conditions," Mr Costello told reporters.

"But as you know we have a floating exchange rate. It moves in relation to trade flows, the global economy and interest rates. There are a lot of factors that go to putting the exchange rate to where it is."

"But the reality is the government's policy is to allow that to trade in an open market."

The Australian dollar struck a fresh 10-year high above 80 US cents this week, amid speculation that the central bank will need to raise interest rates again, possibly in the next few months, to head off inflation pressures.

Asked whether the market was overreacting to the prospect of another interest rate rise, Mr Costello said: "I won't be commenting on future movements in interest rates."

Enviro had a point about the euro.  There has been some speculation that one of the reasons we invaded Iraq, collected their bounty of $23 billion, recycled it through the US treasury then flooded Iraq with American dollars is because Iraq was  changing to the euro.

Iran wants to open a new trading centre "Oil Bourse" to compete with two western oil trading centres.  They will be using euros and apparently if this happens and Iran starts trading oil with euros - this will cause the fragile US economy to collapse. This is another reason why it's possible Iran will be attacked shortly under the guise of their increasing nuclear capacity.

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At the moment I believe, most of the foreign debt for the US and Australia is held by Japan and China - and it can be called in at any time.

Of course Freediver.  Go google it yourself and have a look at all the articles.  It may appear to be  a conspiracy to the neo conservative supporters - but these articles are based on occurrences in the Middle East caused by the US foreign policy.

Until Bush, Cheney and their associates are tried for war crimes, misleading congress and the public about Iraq, condoning the torture of prisoners, authorised but illegal wiretaps and violations of treaties this will remain speculation.

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LOTS of bread!