1. Welcome to Baptist Board, a friendly forum to discuss the Baptist Faith in a friendly surrounding.

    Your voice is missing! You will need to register to get access to all the features that our community has to offer.

    We hope to see you as a part of our community soon and God Bless!

Roberts: Iranian Use of Euro Wouldn't Harm Dollar

Discussion in 'Political Debate & Discussion' started by KenH, Feb 12, 2006.

Top Posters
  1. KenH

    KenH Well-Known Member

    Joined:
    May 18, 2002
    Messages:
    41,997
    Likes Received:
    1,488
    Faith:
    Baptist
    #1 KenH, Feb 12, 2006
  2. rsr

    rsr <b> 7,000 posts club</b>
    Moderator

    Joined:
    Dec 11, 2001
    Messages:
    11,852
    Likes Received:
    1,085
    Faith:
    Baptist
    The key point:

    "The US is abusing the dollar's role as reserve currency. When a trusted alternative appears, the dollar is likely to lose its reserve currency role. Iran, however, cannot cause that transition."

    The pound, not so very long ago, was the world's reserve currency. I'm sure the British never dreamed that would change.

    Of course, the U.S. was for a very long time the world's swing producer of oil ...
     
    #2 rsr, Feb 12, 2006
  3. NaasPreacher (C4K)

    NaasPreacher (C4K) Well-Known Member

    Joined:
    Oct 21, 2003
    Messages:
    26,806
    Likes Received:
    80
    I hope the dollar stays strong - my support is in dollars. but I spend euro.

    I am a pragmatist when it comes to dollar/euro issues ;) .
     
    #3 NaasPreacher (C4K), Feb 12, 2006
  4. elijah_lives

    elijah_lives New Member

    Joined:
    Aug 12, 2005
    Messages:
    472
    Likes Received:
    0
    Gold, at the moment, is becoming the reserve currency of choice. Notice that when the dollar rises, gold falls, and vice-versa.
     
    #4 elijah_lives, Feb 12, 2006
(You must log in or sign up to post here.)
Loading...