China and world begin easing away from the dollar

[david dissadent]

Central banks having been trying to diversify for a while now. The dollar is very overvalued.

 

[AnnO'Neemus]

http://www.arabianbusiness.com/501457-qatar-fund-cuts-dollar-exposure

Quatar dumps dollars

The Qatari riyal is still pegged to the dollar though. Unfortunately. Since I get paid in Qatari riyals.

 

[zoltan]

In another thread already but OPEC eases away from the dollar.....

Opec explores pricing in a basket as opposed to dollars

http://in.news.yahoo.com/071027/137/6mhrn.html

The dollar hegmony is dying before our eyes.

Its logical no ?

Baskets are not a new phenomenon, but are becoming more commonplace as it becomes easier to dump & buy to change the basket weighting.

Rather than a campapign againt the USD, its more of a reflection of better risk awareness & better management of yer exposure.

 

[nino_savatte]

What's Greenspan got to say about this?

 

[ymu]

What's Greenspan got to say about this?

"Thank Christ it didn't all go tits up until my pension was safe."