Monday, December 06, 2004
OPEC slowly easing out of the dollar, into the Euro
Thanks, George!
Let's hope the dollar just keeps sliding, and doesn't crash, eh? After all, that would leave millions of Japanese and Chinese widows, whose governments bought our bonds, holding the bag!
Oh, but wait! Paying for our SUVs and our wars with funny money! That's a cute trick! What will those Republicans think of next?
ember nations of the Organization of the Petroleum Exporting Countries have cut the proportion of their deposits denominated in dollars by more than 13 percentage points in the past three years, mainly to the advantage of the euro, the Bank for International Settlements said Sunday.
(via Times)
Let's hope the dollar just keeps sliding, and doesn't crash, eh? After all, that would leave millions of Japanese and Chinese widows, whose governments bought our bonds, holding the bag!
Oh, but wait! Paying for our SUVs and our wars with funny money! That's a cute trick! What will those Republicans think of next?
