tag:blogger.com,1999:blog-502356674750161309.post6052111047997575771..comments2009-05-20T13:53:05.999-07:00Eric deCarbonnelhttp://www.blogger.com/profile/08023745289801416061noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-502356674750161309.post-91567806898996818242009-05-20T13:53:05.999-07:002009-05-20T13:53:05.999-07:00What about oil ? <br /><br />As long as oil will be sold in dollar, dollar should keep some value. <br /><br />Are the middle-east oil producers progessing concerning their new currency based on gold ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-502356674750161309.post-6758060964127181752009-05-20T05:12:52.364-07:002009-05-20T05:12:52.364-07:00Eric,<br /><br /><I>If centrals banks have the choise between holding their reserves in yuan or dollars, they will choose dollars (China has the world’s best economic fundamentals, and the US has the world’s worst economic fundamentals)</I>I think you want to say for "..., they will choose yuans (China ...".Hugonoreply@blogger.comtag:blogger.com,1999:blog-502356674750161309.post-29301126717747488542009-05-20T00:37:11.894-07:002009-05-20T00:37:11.894-07:00Russia Dumps the U.S. Dollar for Euro as Reserve Currency / Currencies / Global Financial System<br />By: Pravda<br /><br />i came across this through www. market oracle.com. <br /><br />What will happen if US devalues dollar in terms of gold in a single stroke. US debt is almost wiped out as worthless paper, thereby enbaling the Fed to print the NEW DOLLAR for the next century and still retain its reserve currency seniorage?vahadadhttp://www.blogger.com/profile/12401567069957493641noreply@blogger.com