Winstonm Posted October 7, 2009 Report Share Posted October 7, 2009 http://www.independent.co.uk/news/business...ar-1798175.html Quote Link to comment Share on other sites More sharing options...
Al_U_Card Posted October 7, 2009 Report Share Posted October 7, 2009 Think SDRs (special drawing rights) but the petro-version. The economy needs to be a well-oiled machine......ugh!.... did I really just write that???? Not to mention the quick profit-taking on the foreign exchange markets as the price of gold went for a ride.....hey! just like we are being taken for one... :) Quote Link to comment Share on other sites More sharing options...
mike777 Posted October 7, 2009 Report Share Posted October 7, 2009 http://www.independent.co.uk/news/business...ar-1798175.html We all knew a run on the dollar was really the big issue for the last 12 months. :) If there is a run this is really bad news. At this point I will go out on a limb and say no run, yet. btw...Yes I own stuff that will go up if the buck goes down but I hope for no run. Quote Link to comment Share on other sites More sharing options...
Winstonm Posted October 7, 2009 Author Report Share Posted October 7, 2009 I'm not so sure most have much grasp of what it would mean if the world abandoned the dollar as the reserve currency. You have to be a little bit wonky to be interested in such stuff. Quote Link to comment Share on other sites More sharing options...
mike777 Posted October 7, 2009 Report Share Posted October 7, 2009 http://moneycentral.msn.com/detail/stock_quote?Symbol=/EURUS euro vs buck. In plain speak...a run on the dollar is very bad news for all of us....very very bad. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.