Tuesday, March 14, 2006

THE EURO EXODUS HAS BEGUN...

Well, really it began back in 2000 when Sadam stopped selling oil to people with US dollars and only sold to people with Euros. However, he stopped selling oil all together just a few years later. In just five days an Iranian oil exchange will begin selling oil to Euro-carrying customers and not folks with the US dollars but Arab banks have already started backing out of the USD. The following excerpt comes from [http://news.independent.co.uk/business/news/article351127.ece|a March 14, 2006 article] from http://News.Independent.co.uk :
Arab central banks move assets out of dollar
By Philip Thornton, Economics Correspondent
Published: 14 March 2006

Middle Eastern anger over the decision by the US to block a Dubai company from buying five of its ports hit the dollar yesterday as a number of central banks said they were considering switching reserves into euros.


That's HILLARIOUS. Yes, all the shit the US government has done to the Arabs over the past five years and it's this lone Dubai ports deal that has made them reject our dollars.

UH-HUH!!!

This is just an excuse folks--even if the Arabs in question say it's about Dubai, they're getting out while the getting's good. With Iran's oil exchange opening and the world hating the US the Euro has a strong chance of going through the roof.

Of course, this means the US dollar will go through the floor.

Time to buy all the cool shit you can now, folks, because you won't be able to afford it in a year's time!!

God, I hope I'm wrong.

Yes, I'm speaking to the God I don't think exists.

If you're there, please let our economy stay afloat. I like my DVDs and my iPods :(

Yes, the Atheist is praying to God.

Hypocritical?

Not really--just covering my ass.

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