kind of an old fable. Iraq cost some of them serious money, actually. This isn't the early 20th century, when the DuPonts and such were arming all sides of every conflict. Even then, the nation has until rather recently, avoided involvement in conflicts like mad, preferring to profit from both sides. And, yes, I do agree with you that the same folks have essentially been running the show for over two centuries here.nicolas10 wrote: 1/ Those people make shitloads of $ during any war
another strawman. Iraq makes so little difference in the whole of world currency demand, it wouldn't have mattered. Hell, Iran would have probably bought dollars just to spite him. And Germany and China aren't going to stop stocking up on them either.2/ Had the US not attacked Iraq, the dollar would have taken the plunge, since saddam decided to trade oil in €
where, pray tell, do you come up with this nonsense? The Greeks, with a corrupt government and unwilling taxpayer base, went on a spending spree for over a decade on borrowed money. Why they weren't downgraded earlier is astounding. Actually, one wonders, looking at the paper record, why Portugal, Spain and Italy have anything over junk ratings. You cannot borrow the levels of money those natons do without the GNP to regenerate it. That's what folks often overlook about the US: we might have been reckless fools with our money over the past decade, but we still manage the largest economy on the planet.3/ Ratings agencies attacked the € to give a breath of fresh air to the $ by attacking greece's ratings and putting the crisis on the €
knock yourself out, Nic. I only hope and pray that no one else but yourself is depending on your economic acumen. Please explain, if you can, how Iran, with sagging production, worldwide economic sanctions and something like the 6th or 7th rank(at best) in potential oil reserves, is going to singlehandedly sink the dollar in favor of the Euro?4/ If hamadinedjad decides to trade in € despite all of this, the US are going in. I've said it a while ago and I stand by my forecast.
Now, the Chinese pouring money into the Euro.......that could have SOME effect. But, only to stabilize the Euro relative to the dollar. The Chinese and Americans are essentially economic partners at this point(and will remain so for some while, I suspect), so no way do they do a damned thing to actually sink the greenback.
) are the US's bitches. We sure won't stop stocking up on $. This sarkozy asshole sells as much of France's gold (that de Gaulle boldly got back) as he can just to save the $ and the banking system. He should be hanged for high treason if you ask me. BUT China? It already holds the US by the gonads, so imagine if the OPEC started dealing in € AND China decided the $ was going down? It's not so far fetched.