Posted on 05/01/2008 8:21:58 AM PDT by RaceBannon
Cannot post article, see link below::
THIS IS HUGE NEWS BECAUSE THE ENTIRE WORLD USES DOLLARS TO BUY OIL.
IF DOLLARS ARE NOT USED, THEN THERE WILL BE NO NEED FOR DOLLARS IN THESE NATIONS BANKS, AND THESE COUNTRIES WILL HAVE SPARE DOLLARS THAT WILL NEED TO BE CHANGED TO EUROS, MAKING THE DOLLAR MUCH LESS USEFULL.
FOREIGN COUNTRIES THAT ARE INVESTING IN AMERICAN TREASURY BILLS WILL EXPERIENCE LOWER INTEREST RATES, SIMILAR TO THE FED DROPPING INTEREST RATES YESTERDAY, ONLY INSTEAD OF DOMESTIC RATES GOING DOWN,
THE COLLAPSE OF THE DOLLAR WORLD WIDE MEANS FOREIGN INVESTMENT WILL SHUT DOWN,
COUNTRIES WILL DEMAND THEIR MONEY AS SOON AS POSSIBLE BEFORE THE DOLLAR DevalUES ANY MORE,
IF THE DOLLAR DECLINES MORE, THEIR INVESTMENT IS WORTH LESS AND MATURES MUCH SLOWER,
IN OTHER WORDS, IT MAKES FOREIGN INVESTMENT A BAD CALL FOR OTHER COUNTRIES,
IT MAKES OUR CURRENCY MEANINGLESS TO OTHER COUNTRIES.
THEY WILL BE FORCED TO CHANGE THEIR CURRENCY TO EUROS TO BUY OIL IF OPEC DOES THIS.
ALL THEIR DOLLARS IN THEIR BANKS WILL BE MEANINGLESS
THAT MEANS MAJOR INFLATION HERE
IT MEANS DEPRESSION ON A SCALE WE SAW ONLY IN 1929, ON,lY WORSE SINCE THERE ARE NO INDUSTRIES HERE ANYMORE TO MAKE OUR GOODS, WE MOVED THEM OVERSEAS, REMEMBER?
DONT THROW OUT YOUR BOMB SHELTER OR AMMUNITION YET, HUNTING FRESH MEAT MAY BE THE ONLY WAY YOU ARE GOING TO GET IT TO YOUR OWN DINNER TABLE.
Gulf States May End Dollar Pegs, Kuwait Minister Says (Update4)
http://www.bloomberg.com/apps/news?pid=20601087&sid=aKafZEdY2xF8&refer=worldwide
By Fiona MacDonald and Matthew Brown
You can wear whatever you want on your head, I don’t care...
RELEASE THE CAPS LOCKS OF WAR!
It’s a good time to do this since the $US is on a rally.
They are threatening us so that we don’t blow Iran and Syria to pieces.
Better off using the space for ammo storage.
Shelf life on ammo is better anyways.
Already complete in Iran. Doesn't matter to the USA at all but maybe to Japan and China.
CRY HAVOC THEN LET LOOSE THE CAP LOCK!
CRIED THE FOUR HORESMEN OF THE CAP LOCK ALYPSE.
I agree. They can’t eat oil, now can they. Let them choke on it.
This is thanks to the demoRAT congress!
Laz, that picture creeps me out.
They will institute a CAPS gain tax if you don’t stop it. STOP. STOP. STOP.
NEVER ACT COOL AND COLLECTED, WHEN THE SITUATION CALLS FOR PANIC!!!!!
The difference is: now there's a currency (euro) to replace the dollar.
Iraq tried, Iran has succeeded, Russia is next.
This just may be hugh.
Absolutely. I just returned from a three-week business trip to Germany. The Euro has peaked against the dollar and started to slide. That was before the announcement that the U.S. economy grew by 0.6% last quarter.
Between the dims, the lamestream media, and the fact that companies realize that bad news delivered early in a lump beats dragging the negatives out over several quarters; weaknesses and risks in the U.S. economy were identified and priced in early (in some cases overpriced) compared to the Europeans.
The EU is sitting on a fair amount of economic baggage that is just now coming to light. Given the way the EU works, their is microeconomic incentive for individual nations to understate their issues and delay the bad news, even if it exacerbates the macroeconomic downsides for the EU as a whole.
The German economy is not as robust as they would have you believe and real unemployment is much higher than the official figures. Asian automakers are causing the same kind of headaches for German automakers as they are for Detroit. A whole lot of money has been spent on grossly unprofitable windmills to generate power.
Northern Italy is getting tired of carrying the non-productive south, and the full impact of the costs are only now being realized. The Spanish economy was a construction bubble that has imploded.
All across Europe, major banks have yet to ruthlessly revaluate their non-performing loans the way U.S. banks have already done.
The real forecast for the EU for the remainder of 2008 and 2009 is between anemic and sickly.
Short the Euro and go long on the dollar.
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