Breitling  

Would they revalue their currency right now, wouldn’t the US force them to do it?  No.  They can revalue the currency, they’ve been able to revalue to the currency any time.  The key is their note count.  This is what sucks. They could have done it five years ago, ten years ago.  Reduce their note count.  But once they reduce their note count and they get it up to its value, if they’re not situated in the market correctly, it’s going to loose it’s value, people are going to loose confidence in that currency, then it’s done for.  They’re never going to be able to get it back.  They’ll probably have to re-denominate.  That’s what they’re worried about.