Jump to content
House Price Crash Forum
Sign in to follow this  
Sledgehead

Important "big Picture" Article

Recommended Posts

i bet few here even know what petrodollars are and yet they think they are awake.

They all need to see em first :lol:

Kudrin's missive comes as central bankers, and currency dealers, start to conclude the only way to resolve the massive US external deficit is a somewhat weaker US currency. As the IMF itself warned yesterday, a "substantial" dollar decline may be needed.
Edited by Justice

Share this post


Link to post
Share on other sites

What i like about this article is that it is being given by the mainstream media.

The implications of the loss of dominance of the dollar as the worlds reserve currency are imense and this article spells out the problems facing the dollar .

Nice link

Thanks

Share this post


Link to post
Share on other sites

It's what we've been predicting for a while now.

Like you say, Justice, the matter wouldn't enter the majority of heads.

The mother of all triggers?

Edited by dom

Share this post


Link to post
Share on other sites
Guest

But the gold price has been going up for the past four years because of Iran.

Apparently.

According to someone on another thread.

Share this post


Link to post
Share on other sites

i bet few here even know what petrodollars are and yet they think they are awake.

...

It's what we've been predicting for a while now.

...

What i like about this article is that it is being given by the mainstream media.

... Exactly.

Share this post


Link to post
Share on other sites

Does this sort of thing being debated in public, not put more pressure on Bernanke to carry on up the charts wit the fed base rate?

I think the mainstream American media will choose to ignore this one.

I don't think the FED have any choice but to raise the IR. If you look back at their monetary policy since 1913 you will see clearly that their last consideration is the welfare of the average US citizen.

Share this post


Link to post
Share on other sites

i remember reading about this back in '02, found it quite good. The article predicted that Iraq, Iran, Venuzuela, ect would all get pressured or invaded or have a "regime change" as they were trading to euros.

I think that dollar reserves have gone from about 80% to something like 66% of main Central Banks since the euro introduction in 1999. Are they worried in the U$A. You bet your ass they are and will do anything to safeguard the last prop of their economy. Things like illegaly invade Iraq, now looks like Iran is next.

Share this post


Link to post
Share on other sites

Is the Euro the most likely currency? [backtoparents]

Out of the frying pan into the fire...

'Euro zone 'heading for collapse without political union'':

http://www.thebusinessonline.co.uk/Stories...85-CDADD4F8BB41

The euro zone is heading for inevitable collapse because it cannot function without full political union, a senior economic adviser to the European Commission has warned.

Paul De Grauwe, a leading economist whose work was used to make the case for European monetary union in the 1990s, says the signs point to a slow death for the euro project over as long as two decades.

He has said the only future for Europe is to have a free trade zone -- but he has questioned whether the European Union (EU) is needed now its member states have shown themselves hostile to further union.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.