posted on Nov, 30 2007 @ 10:32 PM
well i can tell you a couple country's that seem to be supporting the dollar
saudi arabia and the majority of the OPEC gang along with the united kingdom have been picking up the slack (to help the dollar's slide level off a
bit) thru purchases of treasury bonds , while apparently China, Korea, Taiwan have been sellers of u.s debt.
Chavez will not dare switch oil to euro's because he knows the u.s will take him down, and that is one pillar (u.s military might) that acts as the
biggest deterent against country's switching. It's the world we live in.
But interesting statement on country's boycotting the dollar on the street, if the slide levels off that sentiment will change.