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| Arabia |
| Gulf Countries Face the Dollar Peg |
| 2007-11-29 |
| Posted by:anonymous5089 |
| #2 RENSE > THE IMPENDING DESTRUCTION [COLLAPSE] OF THE US ECONOMY, + IMF PREDICTS "PERFECT STORM" WORLDWIDE RECESSION, + AMERICA IN TIME OF EMPIRE. |
| Posted by: JosephMendiola 2007-11-29 21:03 |
| #1 Euro at introduction $1.18/1, low $0.82, today $1.47 At low euro depreciated 31% from Euro into. Today dollar depreciated 20% from Euro into. Back then no oil sheiks were complaining that the dollar was too high. They were buying sliver clad Mercedes instead. So another 10% depreciation if you please. |
| Posted by: ed 2007-11-29 19:20 |