boxst

Interesting article: The demise of the dollar - Business News, Business - The Independent

Although it IS in The Independent, so who knows ....

Steve

Snazy

Just caught the tail end of this on the news last night... Sounds interesting, and would certainly deal another blow to the US economy.

If you believe speculation, threats of trading in other currencies was one of the causes of the Iraq war. Saddam threatening to trade in Euro's

TelBoy

Even third world countries are refusing to accept the Greenback in their grey economies - that's when you KNOW your currency's struggling!

SJ_Skyline

Didn't the Iranians announce last week that they were linking oil to the Euro, moving away from the petro-dollar?

TelBoy

I think that was Saudi Arabia, who have denied the rumours today. Unless Iran made further comments that i missed?

SJ_Skyline

Sorry Tel, I can't find any other evidence - I think it was Sunday morning news getting confused about the Iranian oil bourse.

Leslie

Even more Euros for the International Auditors to be unable to trace!

Les

MJW

I wouldn't discount the Russians influence in all this since they have the world's largest oil reserves. When Iraq was invaded a lot of lucrative Iraqi-Russian oil deals were cancelled which is bound to leave an element of bitterness.

hodgy0_2

statitics re the dollar are amazing

i think I read that 80% of dollar bills exist outside the states

and that 40% are forged anyway

apparenty Russian forgers can produce 99.9% accurate dollar bills


BTW I met an Irish forger once that could make perfect 10p's buy filing down the edges of a 50p

J4CKO

iTrader: (1)

This has been going on for ages, or at least the speculation has, maybe its just part of the US going back to being just another country instead of judge, jury and executioner, self apointed World Police, what it means for us I don't know, seeing as we are their bitches.

Tidgy

groan, go hang your head in shame at such a poor atempt