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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Broken_Clock who wrote (90813)	9/19/2007 10:35:45 PM
From: Broken_Clock	of 206099

Fast forward...to today. I recall talk about Saddam being dethroned because he wanted the ME to ditch the buck and go to Euros for oil Well, does that make Bernanke a terrorist for accomplishing Saddam's goal? ==== Fears of dollar collapse as Saudis take fright By Ambrose Evans-Pritchard, International Business Editor telegraph.co.uk Saudi Arabia has refused to cut interest rates in lockstep with the US Federal Reserve for the first time, signalling that the oil-rich Gulf kingdom is preparing to break the dollar currency peg in a move that risks setting off a stampede out of the dollar across the Middle East. "This is a very dangerous situation for the dollar," said Hans Redeker, currency chief at BNP Paribas. Saudi Arabia has $800bn (£400bn) in their future generation fund, and the entire region has $3,500bn under management. They face an inflationary threat and do not want to import an interest rate policy set for the recessionary conditions in the United States," he said.

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