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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: lurqer who wrote (16049)3/31/2003 10:49:48 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 89467
 
not just "stopped" being a reserve currency, LurqMan
I believe more important is that the USDollar not be "the only" reserve currency

since early 2002, that is exactly what has happened
the Euro and Gold have begun to share the reserve role
see Russian Central Bank pronouncements to diversify into each
see Chinese CB statements saying the same
see the secretive Arab PetroDollar move toward each

prices (as we know) are set at the margin
the margin is diversifying away from the Dollar

next up: European and Islamic protests staged on the FOREX market, where US military might & power has no relevance

the demonstrations in Indonesia were important to me
sure, some might have been bought and staged
but that was a big crowd in support of Islamic Iraq under attack
it proves to me that the Islamic Solidarity is still strong

we are here now
the clownbuck is having to share center stage
/ jim