posted on Apr, 26 2006 @ 09:22 PM
Originally posted by Gools
Looks like the Oil Bourse is ready to go.
Once again... interesting timing (in light of tomorrow's deadline).
Considering the rapid rise in oil and metals, the big money is already on the move and out of the dollar zone.
There was that funky Greenspam and little Ben Bernanke.
They said here comes the big Asian boss, so lets get it on!
They took a bow and made a stand,
started swinging with the fiat in hand.
Then Hu kicked hard on their McWorld facade,
now the imperialists are planting rice and eating scrod.
Everybody was fiat kung-fu fighting,
Those Asian cats were fast as lightning
In fact it was a little bit frightning,
But they did it with expert timing.
Sung to the tune of Kung Fu Fighting...
Is dollar's shift the start of something nasty?
The imbalance threatening the world economy, all agreed at the IMF’s weekend meetings, is between America and China. The former’s imports top its
exports by the largest margin in history. China has accumulated the biggest pile of currency reserves ever known in less time than it takes to train a
doctor. To cajole China into resolving this syndrome by allowing the yuan to rise meaningfully, the IMF talked of the dollar needing to fall against
Asian surplus currencies rather than just the people’s yuan. The dollar cannot move against the yuan more than the fingers in a glove without a
specific order from Beijing. So it moved against the yen, which acted as both a proxy and a hint.Please visit the link provided for the complete story.
[edit on 4-5-2006 by Regenmacher]