It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
(visit the link for the full news article)
July 13 (Bloomberg) -- Iran asked Japanese refiners to switch to the yen to pay for all crude oil purchases, after Iran's central bank said it's cutting holdings of the U.S. dollar.
Originally posted by Gools
The Canadian dollar has hit a 30 year high (last time was during the 70's energy crisis) against the US dollar. The Euro is also setting record highs against the dollar. People need to realize that places like Canada and Europe are not doing anything special. It's the US dollar that's going down.
Is this why the UK is so slow to enter the Euro?
Originally posted by Gools
Hmmm... their refusal to manipulate the dollar or their inability to set the price in the face of overwhelming pressure/factors?
Well, look on the bright side. The decline of the dollar will create more jobs because it's now more cheaper for investors oversees to invest in the US.
Well, look on the bright side. The decline of the dollar will create more jobs because it's now more cheaper for investors oversees to invest in the US.
Originally posted by johnsky
Financial advisors have been warning of a coming economic crisis ever since 2002. And they are getting louder.
What will you do?