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Uh-Oh. Now you've gone and done it...

#1 User is offline   Winstonm 

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Posted 2009-October-06, 19:32

http://www.independent.co.uk/news/business...ar-1798175.html
"Injustice anywhere is a threat to justice everywhere." Black Lives Matter. / "I need ammunition, not a ride." Zelensky
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#2 User is offline   Al_U_Card 

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Posted 2009-October-06, 19:56

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... :)
The Grand Design, reflected in the face of Chaos...it's a fluke!
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#3 User is offline   mike777 

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Posted 2009-October-06, 20:18

Winstonm, on Oct 6 2009, 08:32 PM, said:

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.
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#4 User is offline   Winstonm 

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Posted 2009-October-06, 20:28

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.
"Injustice anywhere is a threat to justice everywhere." Black Lives Matter. / "I need ammunition, not a ride." Zelensky
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#5 User is offline   mike777 

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Posted 2009-October-06, 20:30

http://moneycentral....e?Symbol=/EURUS


euro vs buck.



In plain speak...a run on the dollar is very bad news for all of us....very very bad.
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