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2009-10-09 Economy

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Posted by Steve White 2009-10-09 00:00|| || Front Page|| [11135 views ] Top

#1 ION PAKISTANI DEFENCE FORUM > SAUDIS WANT INTERNATIONAL AID IFF WORLD STOPS DEPENDENCY ON OIL.

Whoa, talk about "Left Field"!

Posted by JosephMendiola">JosephMendiola 2009-10-09 00:39|| na]">[na] 2009-10-09 00:39|| Front Page Top

#2 Asians are addicted to managed exchange rates. They will spend a pile of money for no result except to delay the inevitable by a few days or weeks.

Posted by phil_b 2009-10-09 03:06|| 2009-10-09 03:06|| Front Page Top

#3 I understand most of these nations peg their own currency values to the US dollar. If the dollar tanks, no one benefits -- not even the Chinese (Hence the Chicom desperation to quickly find an alternative to the US$).

Posted by Scooter McGruder 2009-10-09 05:02|| 2009-10-09 05:02|| Front Page Top

#4 Hence the Chicom desperation to quickly find an alternative to the US$

I suggest Jordanian Dinar.

Posted by g(r)omgoru 2009-10-09 05:06|| 2009-10-09 05:06|| Front Page Top

#5 I think they're aiming for a Euro-Renminbi split, but the Jordanian Dinar would probably be just as effective. The Ruble might be another good option. :-P

Posted by Scooter McGruder 2009-10-09 05:37|| 2009-10-09 05:37|| Front Page Top

#6 I understand most of these nations peg their own currency values to the US dollar. If the dollar tanks, no one benefits --

The oil ticks. The price of oil will adjust upward relative to the dollar decline. Those nations usually don't have the option other than to import their energy sources. On the other hand America has lacked the will to develop its own, which in this scenario means the cost of production and transportation will be subject to the rise in the price of oil. Had the quaint Gaia worshipers and Luddites been tolerated rather than empowered, the economic outlook for recovery would not be subject to this manipulation.

Posted by Procopius2k 2009-10-09 07:03|| 2009-10-09 07:03|| Front Page Top

#7 Hence the Chicom desperation to quickly find an alternative to the US$

They are buying up hard assets as quickly as possible.

Posted by ed 2009-10-09 07:16|| 2009-10-09 07:16|| Front Page Top

#8 In my opinion, a bad investment.

Posted by Richard of Oregon 2009-10-09 13:47|| 2009-10-09 13:47|| Front Page Top

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