|
|
|
Navigation
|
2009-05-25 — blogspot.com The Russians are aware of the imminent threat from the USA and have dumped their U.S. Dollar for Euro as Reserve Currency. Link This dumping will increase the USD to spiral downwards at an alarming rate. The more value the USD loses, the higher inflation because it takes more dollars to acquire the same goods or services, more money is also needed just to run the countries program. And America's ability to repay back the National Debt will become an impossible task, therewith, the USA will lose her 'AAA' rating inviting other countries to follow Russia's example in dumping their own US reserve currency for the more stable EURO trickling back into the US and causing evermore inflation.
go to full article |
permalink to this |
forum thread |
Comments:
raytayzmd at 05:08 2009-05-25 said:...maybe, but compare the one year, five year and lifetme charts here: http://www.ecb.int/stats/exchange/eurofxref/html/eurofxref-graph-usd.en.html ...those could be interpreted as bullish...moreover, when you trace that article to its source, you find the original was from some anonymous author on a thinly veiled gold-pumping site called "The Market Oracle"...pardon me if I'm highly skeptical. Permalink |