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2008-04-19 Home Front Economy

Authorities ~~take control~~ lose patience with collapsing dollar

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Posted by KBK 2008-04-19 10:03|| || Front Page|| [8 views ] Top

#1 How deeply buried in the dollar's decline is Soros (who has stated before that he wanted to see the dollar replaced, to see America decline, and has been known to meddle in other nation's monetary affairs)?

Posted by FOTSGreg">FOTSGreg 2008-04-19 12:53|| 2008-04-19 12:53|| Front Page Top

#2 George Soros, the hedge fund baron who "broke" Europe's exchange system in the early 1990s, said yesterday that the euro could never anchor of the global system. "I don't think the euro can replace the dollar as the main world currency. The euro is not a truly attractive alternative," he said.

Mr Soros said the dollar would reclaim its crown eventually, but for now the financial crisis is leading to a flight from all paper currencies, causing a dash for gold, silver, and oil futures.

Sounds like he's gone long.

Posted by KBK 2008-04-19 13:29|| 2008-04-19 13:29|| Front Page Top

#3 Too bad he's not long gone, KBK. :-(

Posted by Barbara Skolaut">Barbara Skolaut 2008-04-19 14:31|| http://ariellestjohndesigns.com/]">[http://ariellestjohndesigns.com/] 2008-04-19 14:31|| Front Page Top

#4 So the world bet against us, and is annoyed to have lost. Bummer.

Posted by trailing wife ">trailing wife 2008-04-19 14:43|| 2008-04-19 14:43|| Front Page Top

#5 Airbus has been shopping all over the Northwest looking for available properties and companies that they could buy up to augment their manufacturing base. Lots of Mom-n-Pop machine shops up here do a lot of work for the Lazy 'B' Ranch and Airbust would love to take that away as icing on the cake.....

Posted by USN,Ret. 2008-04-19 21:13|| 2008-04-19 21:13|| Front Page Top

#6 Louis Gallois, head of the Airbus group EADS, said his company is already taking dramatic steps to shift plant to the dollar-zone. "The euro at its current level is asphyxiating a large part of European industry by shaving export margins," he said.

some would consider that a feature.

Posted by anonymous2u 2008-04-19 22:27|| 2008-04-19 22:27|| Front Page Top

#7 why do I smell the 80s bath a la the Japanese?

Posted by anonymous2u 2008-04-19 22:29|| 2008-04-19 22:29|| Front Page Top

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