if the dollar wasn't the medium of exchange in the world... then it would have been solved years ago.
but that it is, and then relative to the other Pieces of dung, creates a bit of a quandry.
geeperz, you've got all of china pegged to it, and the king of the hill gang in hong kong as well.
add the oil trading price, add add add add add.......
a study perhaps, of the decline and exit of pound sterling, would probably say more about the situation, given the world went from pound sterling to the dollar once upon a time, the brits can never seem to rid themselves of....any more than "we" can.
but... circumstances differ. like opinions. LOL.
good pundits are playing the micro in the "predicted" macro eventuality...they believe will come to pass.
meanwhile..............................................
its still a trade. good luck in this game.
you know why a whole bunch of fuckers don't want to disown the dollar?
europee ons for example, don't want to disown it, because they would become exposed EU wide for what they are: namely greece.
the japanese don't want to disown it, because they'd, if they could, rationally, find out, irrationally, their yen is up for grabs along with the 200 plus debt to gdp ratio.
the swiss.................holy cow............. just this year, bought their currency down via dollar purchases, to a one to one exchange give or take a few cents. fucking crazy. a stupid sausage from a street vendor on this rate was 6 bucks. if they hadn't done it, it would have been 12 bucks, to a dollar payer. almost the same in berlin.
its out of whack.
they don't have a clue how to get out of the dollar prison. not one of them.
maybe brazil, as an example, but if demand caves, short of the oil gambit, that is going to be one crazy bit of wishful island thinking.
for little lola in idaho.............. this is a hard way to win a profit up and above real inflation, and prior to default, whatever its form.
so honey, freeze them fish at below zero, cuz, dats money in da bank.
when georgy boy soros shorts the us dollar.......... then maybe you'll know............... but nobody............. is ready to step up yet. so they are trying with gold. LOL.
they scare me. |
