Central banks start to abandon the U.S. dollar

Discussion in 'Economy' started by eots, Jul 15, 2010.

  1. eots
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    eots no fly list

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  2. Baruch Menachem
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    Baruch Menachem '

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    abandon it for what? The Euro? The Ruble? The Yen? the Argentine Peso?
     
  3. eots
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    We already knew that central banks have preferred gold to dollars, and that they’re even selling their gold for cash; now, according to Lawson’s data, it seems that those central banks prefer almost anything to dollars.
     
  4. Richard-H
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    Richard-H Gold Member

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    I heard the same thing about a year ago...

    If they didn't do it then, I doubt they'll do it now....
     
  5. Richard-H
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    Richard-H Gold Member

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    Yeah, the central banks would like to go back to the days of the Roman Empire...in a whole lot of ways....

    Ain't gonna happen.
     
  6. sparky
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    sparky VIP Member

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    Just last week, America’s debt lept $166 billion in a single day. That one-day run-up is greater than the entire U.S. annual deficit in 2007. And Americans, the world’s consumers, continue much of the behavior that helped the U.S savings rate drop so low.


    another Greek tragedy in the making.....?
     
  7. martybegan
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    martybegan Gold Member

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    That denotes a general mistrust of currency in general, not just the dollar.
     
  8. eots
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    [ame=http://www.youtube.com/watch?v=Ho1yJwvWCrw&feature=PlayList&p=66A90F3CAC8EBF33&playnext_from=PL&playnext=1&index=21]YouTube - Whatever Gets You Thru The Night - John Lennon[/ame]
     
  9. eots
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    [ame=http://www.youtube.com/watch?v=vEJdeWvGIZU]YouTube - Joan Veon When Central Banks Rule the World Part 1[/ame]
     
  10. Douger
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    Douger BANNED

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    No.
    Chilean peso, Br. Real, Aust $, Canadian $
    Ya see. Safe money is in the hands of PRODUCERS, which you aren't.

    I suppose IsNtReals currency could be safe since The Chosen, self chosen, will get a Goy bailout at any cost.
     

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