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And the world dumping the USD won't help.
Russia to dump waning dollar - The world exodus continues
Russian oil firm Rosneft will follow the lead of Gazprom and LUKOIL to sell crude in rubles amid the ongoing depreciation of the dollar.
"Selling for rubles is much more attractive," Deputy Chief Executive Officer Leonid Fedun said on December 12.
Iran, the world's fourth most prolific oil exporter, has already abandoned the dollar, Iran's Oil Minister Gholam-Hossein Nozari said on December 9, describing the currency as unreliable.
http://www.presstv.ir/detail.aspx?id=34978§ionid=3510213
Meanwhile the US dollar soars on the news....me thinks that currency markets aren't as simple as you think.
There's a point when there is a difference between being an optimist for mankind, and a shill for the authority of a particular empire that exploits optimism to steal, kill and pollute.
The United States dollar is the form of capitalist authority, and capitalists and their banks across the world are pulling out all ethical stops to preserve it, instead of investing all they have in the available world-saving technologies that you laud for 15 minutes until the next one comes along. Who does this state of affairs benefit?
There's a point when there is a difference between being an optimist for mankind, and a shill for the authority of a particular empire that exploits optimism to steal, kill and pollute.
Bravo. Thanks for telling it like it is. Now if you could just take him out back and beat the daylights out of him.
right, an euro is only worth $1.44 with the "soaring" dollar
Meanwhile the US dollar soars on the news
And you see this over the last 10 year graph trend?
me thinks that currency markets aren't as simple as you think.
You can thinks whatever you want about your own skills.
http://en.wikipedia.org/wiki/List_of_Ig_Nobel_Prize_winners
Psychology - Presented to David Dunning of Cornell University and Justin Kreuger of the University of Illinois, for their modest report, "Unskilled and Unaware of It: How Difficulties in Recognizing One's Own Incompetence Lead to Inflated Self-Assessments".