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<p>[QUOTE=&quot;GoldFinger1969, post: 26434393, member: 73489&quot;]<b><span style="color: #b30000">The U.S. has the most liquid, deepest, most transparent financial markets in the world.</span></b>&nbsp; Trust me, as someone who had to sometimes purchase $1Bn in bonds right before the Fed Wire deadline of 3 PM, you need to be able to buy or sell in size.</p><p><br /></p><p><b>If you want to move $5 or $10 or $20 Bn (or more !) you need markets that trade hundreds of billions of dollars daily. </b> You can&#039;t do that in the Gilt or OATs market or the Eurobond market.&nbsp; Ditto munis or corporates (assuming you would take on the credit risk).</p><p><br /></p><p>Plus, presumably many/most of these people utilize dollars for their lifestyle purchases.&nbsp; You want a yacht or $50 Mn penthouse in Miami or NY, you need dolllars.&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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