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Kuwait Forced To End Link With Dollar

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http://www.telegraph.co.uk/money/main.jhtm.../cnkuwait21.xml

he Gulf oil state said it had been forced to end the link and tie the dinar to a basket of currencies which will include sterling because of the long-running dollar slide and the increase in the rate of domestic inflation.

seems like inflation is a world event. wonder whats going to happen too the dollar?

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The Saudi's are already on course to acquiring 100 tonnes of gold this year, the UAE aren't far behind, what d'you think's gonna happen to the dollar! What d'you think's gonna happen to the price of commodities and inflation in general!

Ahhhhh, I love the smell of napalm in the morning...

NB. Rhetorical questions 'cos I know you're a shrewdie really. ;)

i think others are gonna follow, inflation heads upwards, and beyond.single currency in the middle east wipe out the dollar.

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The Saudi's are already on course to acquiring 100 tonnes of gold this year, the UAE aren't far behind, what d'you think's gonna happen to the dollar! What d'you think's gonna happen to the price of commodities and inflation in general!

Ahhhhh, I love the smell of napalm in the morning...

NB. Rhetorical questions 'cos I know you're a shrewdie really. ;)

jeez, iran and china are hourding gold as well

germany are holding onto their stocks, mining yields are down and mining costs are up

meanwhile spain has recently dumped theirs and the uk's got ziltch...

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i think others are gonna follow, inflation heads upwards, and beyond.single currency in the middle east wipe out the dollar.

no doubt about that - berneake indicated that dollar fiat supply will double over the next few years - too busy keeping recession at bay and devaluing the currency to crush the middle class..

Edited by dnd

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it like a game of poker being played in the old wild west where the punters want to get out with there $$$$ chips except they have been playing aginst jhon wayne and he's very fast with a gun.

Dubai is being built so that the fiat $$$$ can be turned into something real and just look at how much has been spent todate.

it's too late to join the gold bandwagon but if GW-Bush continues then it's food and water you need to be stocking up on and not shares and gold.

See history books for finacial collapse and dyeing empires, it's not so rare as you think

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