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Telegraph Article - Uae Moving Out Of Us$

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The Saudi's are diminishing in power in the oil world--that is why the US is not concerned about their move into the Euro. In any event, having the Arabs run the US ports is like security for Mecca being run by Wells Fargo Security Inc.

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The US have been beating up the Chinese over the Yuan so they let if float a bit, meaning the Chinese no longer buy quite so many US bonds. Now they are upsetting the Arabs, who will also buy fewer US bonds!!

Do they have a death wish? <_<

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Do they have a death wish? <_<

Take a look at the US current account deficit, say, here: Central Intelligence Agency Factbook

Here's the estimate they are quoting today: $ -829,100,000,000

Imagine owing that much in IOUs. Wouldn't it be just great if you could say half the face value of all those IOUs? Supposing you said "Yes", why would the US see a collapsing dollar as anything but good news?

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Thanks for link Sledgehead, VERY Interesting reading! :D

Surprised to see the Dutch up there at 15

And Canada languishing in 18th :o

And how on gods earth do Australia manage to run a larger deficit than us "Brits"? :blink:

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The US have been beating up the Chinese over the Yuan so they let if float a bit, meaning the Chinese no longer buy quite so many US bonds. Now they are upsetting the Arabs, who will also buy fewer US bonds!!

Do they have a death wish? <_<

Stephen Roach made exactly the same point on Monday in his weekly column at Morgan Stanley.

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Put this news in context though;

UAE has $19bn foreign currency. They plan to switch 10% from dollars into euros. That's about $2bn.

It's only an indicator - it's not going to make a difference on its own.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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