Dollar no longer considered the World's Reserve Currency
http://newsfromrussia.com/business/f...06850-dollar-0
It was bound to happen.
It's been happening for a few years.
http://www.youtube.com/watch?v=3RhnHo3RDfg
yep, and Chinese and Japanese have stopped buying our bonds.
.
Reality is independent of Popularity.
I heard China said that but Bush offered them cheap oil from Iraq and they changed their mind?Originally Posted by RSLudlum
This has been happening for awhile and we here on RPF have posted this multiple times. I would post all the links but unfortunately, the search features for this site SUCK.
Last edited by HOLLYWOOD; 12-21-2008 at 09:22 PM.
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USAF Veteran
Wow. This is starting to happen pretty fast.
http://news.yahoo.com/s/nm/20081222/..._markets_oil_1
Until oil and gold are priced in another currency, the dollar, weak or strong, is the reserve currency of the world.
Aha! Business idea!
New bail bonds industry!
With oil at around $43 we should buy all the oil we can and put it in our SPR, We would be giving worthless pieces of paper for something before the world won't take our money anymore.
There is NO WAY King Obama will allow this. My guess is he will drain the SPR and replace it with fuel cells.With oil at around $43 we should buy all the oil we can and put it in our SPR, We would be giving worthless pieces of paper for something before the world won't take our money anymore.
Oh great, from the Russian equivalent of the Weekly World News.
yep
"Your mother's dead, before long I'll be dead, and you...and your brother and your sister and all of her children, all of us dead, all of us..rotting in the ground. It's the family name that lives on. It's all that lives on. Not your personal glory, not your honor, but family." - Tywin Lannister
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