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<p>[QUOTE=&quot;GoldFinger1969, post: 25834542, member: 73489&quot;]If you want perfection.....<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p><b><span style="color: #ff0000">The dollar is the global reserve financial currency. </span></b> It works.&nbsp; It is used on 90% of all foreign exchange transactions, $7 TRILLION every day.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie33" alt=":cigar:" unselectable="on" unselectable="on" /></p><p><br /></p><p>The U.S. fixed income markets -- Treasury and MBS -- are the ONLY large, liquid, open, transparent financial markets capable of handling multi-billion inflows from CBs, SWFs, institutions, the super-rich, or other inflows in one day or a few days.&nbsp; NO OTHER fixed income market or money market can do that.</p><p><br /></p><p><b><i>NOBODY !!</i></b> <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie100" alt=":wideyed:" unselectable="on" unselectable="on" /></p><p><br /></p><p>Those two bond markets trade $550 billion and $350 billion a day....the next closest is the British Gilt market at about $40 billion.&nbsp; Other sovereigns and the U.S. corporate market are in tens of billion.</p><p><br /></p><p>Bitcoin is not a currency even if it goes up.&nbsp; It&#039;s an asset class like tech stocks or small cap stocks.&nbsp; Caveat Emptor ![/QUOTE]</p><p><br /></p>

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