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USD sinking...


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Old 12-10-2004, 12:58 PM   #1
Icecub
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USD sinking...

gosh i hope Bush can get his economy right again....

a friend who invested in USD has had to sell his USD today because he phoned Nedbank London today and they are predicting that the USD will sink even further..... not good when he lost a helluva lot of money now...
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Old 12-10-2004, 03:15 PM   #2
Bushbaby
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Is oil still traded in USD?

I remember reading some time ago that some of the oil producing nations wanted to switch trade to the Euro. There was even speculation at the time that it was this, rather than any real concern for terror networks that promted the invasion of Iraq.
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Old 12-10-2004, 04:44 PM   #3
TheDuck
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Quote:
Originally posted by Bushbaby
Is oil still traded in USD?

I remember reading some time ago that some of the oil producing nations wanted to switch trade to the Euro. There was even speculation at the time that it was this, rather than any real concern for terror networks that promted the invasion of Iraq.
A few members of the OPEC nation mentioned something to that affect, that why don't they trade in the EURO

As for the invasion of Iraq, I wait for the reports to JFK's murder which the FBI have to make available to the US citizens next year.

Because Iraq is starting to smell more like a Vietnam everyday .. and the link .. big business was 'supposedly' linked to the killing of JFK as he opposed was to war in Vietnam .. war is big business

big business is certainly involved with Iraq

#######

And the dollar .. a currency is oft under attack around a volatile election time
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