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
hey...
There has always been a number of currency options. The euro has been around for years. In the 1990’s there was a move to go to the Swiss Franc. Right now it is a good deal to stay with the dollar. If the dollar starts to get stronger, you will hear the complaints and threats.
why?
“This just may be hugh. “
No, I know Hugh. It’s not him.
cause it’s cheap, buys more in the US which is still really the only stable market in the world.
Might get the USA off their asses. Maybe not.
Of course, we can always just nuke them, and thus "liquidate" their holdings.
Yawn.
Ain’t no such a thing as Dollars or Euros
All this transfer etc etc is done electronically
We are in the BIT world
It is all smoke and mirrors
Me too.
Doomed? Post 51.
That’s pretty much what I thought, Natty.
I live in the Washington,DC area, and something has been happening here that has really opened my eyes: Europeans are showing up here with empty suitcases, so they can shop, shop until they drop.
This is not conclusive evidence of a top in the Euro or the Pound, but I think it is significant.
The dollar is so beat down, and now that everyone seems to agree that it’s got to go lower, it’s probably time to go long dollars and short the crap out of the Euro.
Thanks for your thoughts. Quite interesting.
DUH OF COURSE! IN THE FUTURE WITH A WORTHLESS DOLLAR WE CAN'T AFFORD THE SHIFT OF CAPS LOCK KEYS SO WE CAN ONLY AFFORD THE BASIC LETTERS. OH, AND WE GET RID OF THOSE USELESS FUNCTION KEYS TOO BECAUSE THEY'RE ALSO EXTRA MONEY.
This is about Gulf states trying to contain inflation because their currency is pegged to the dollar. All they would do is let their currencies float. There isn’t anything in the article about pegging it to the Euro, or pricing oil in Euro’s. Don’t panic.
Same thing is happening in Boston and New York.
They are buying more than clothes.
Very expensive houses in the US are being sold to Euros.
I heard we’re going to go back to Baudot code because we can no longer afford the extra eight bits required for ASCII
REALLY SCREWED IF YOU NEED UNICODE FOR INTERNATIONAL CHARACTERS!
AND WOULD YOU STOP FLAUNTING YOUR WEALTH, USING UPPER AND LOWER CHARACTERS. SOME OF US ARE CUTTING BACK BECAUSE THE WORLD ABOUT TO END...
THE SKY IS FALLING!
GD ID IM GNG T STP USNG PNCTTIN ND VWLS T.
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