kind of an interesting coincide...the third quarter of 2001
thats cool...let them cut us off...
time for us to figure out a new power source and get off of oil and gas altogether...
then the Euros will be left holding the bag so to speak....
We should publicly threaten to make it our mission as a nation, if necessary, to convert to hydrogen cars if the Arabs don't stop trying to hurt America-economically and physically.
It's high time to get our financial house in order, least we become a banana republic, where the rich control everything and pay little or no taxes and the poor have no means to better themselves.
This issue is the Republicans' Achilles heal and will come back to bite in the next election cycle.
This could get very interesting.
US dollar rallies despite attack
By Laurance Norman in New York
December 7, 2004
THE US dollar chalked up a mini rally against the euro overnight and recorded more robust recoveries against other major currencies despite the attack on a US consulate in Saudi Arabia.
The dollar gained most of its ground against the single European currency in volatile late trading, when the yen also fell to a nine-month low against the euro.
Late Monday, the euro was at $US1.3393, down from $US1.3455 late Friday. That's off the euro's record high of $US1.3460 from earlier Friday.
The dollar was at 103.31 yen, a big rise from its late Friday level of Y102.04.
....snip...
http://finance.news.com.au/common/story_page/0,4057,11614971%255E1702,00.html
Perhaps they are just taking profits on their investments.
The solution to this is, don't buy any more foreign oil and give them more piles of dollars. Let the Europeans pay the Devil for a while!
the treasury knows who's buying and selling what, when, and through whom.
Bump
ping
I see this as one more sign that the EU is on it's way to becoming the dominant world power.