Central Scrutinizer Posted March 22, 2013 Report Share Posted March 22, 2013 http://www.xe.com/cu...&to=USD&view=5Y Despite the fact that our current government is basically dead in the water, having saddled us with over 300 billion dollars worth of debt, our dollar keeps marching on. Bit tougher against a strong baht, but the Pacific Peso is holding onto a position north of 30baht - fingers crossed that it stays there. http://www.xe.com/cu...&to=THB&view=1Y Once the world stops using US dollars as Petro-dollars/currency and switch to a different currency for buying oil, like the Yuan... the USA's economy will basically collapse almost overnight. The Chinese want the Yuan to be the Petro currency... but, if that happens and the USA tanks and the dollar is worthless, well, they lose on the trillion dollar loan the US have with them. I wonder if they will just go for it. Interesting times are ahead, and I do not believe the worst has come to light. Link to comment Share on other sites More sharing options...
bust Posted March 22, 2013 Report Share Posted March 22, 2013 Haven't they already discussed that about 10-12 years ago with serious concequences? Link to comment Share on other sites More sharing options...
Flashermac Posted March 22, 2013 Report Share Posted March 22, 2013 Why should the big countries get the Petro currency? Why not switch to a smaller currency, say the Lao kip or the Irish punt? . Link to comment Share on other sites More sharing options...
bust Posted March 22, 2013 Report Share Posted March 22, 2013 PNG Kina.......all the big Petros are there. Put the execs on the menu up in some of the highlander settlements. Link to comment Share on other sites More sharing options...
gobbledonk Posted March 22, 2013 Report Share Posted March 22, 2013 Yeah, let's go with proven fiscal gurus like the Irish .... 'Saint' Bob Geldof is in Oz atm, and he claims that one of the reasons he reformed the Boomtown Rats (other than the filthy lucre, of course ..) was that he feels the financial situation in Ireland atm is similar to the despair many young people faced in Ireland in the 70s. He said it was heartbreaking to see the queue of young guys getting on the plane to come to Oz to try to find work - talk about history repeating itself. First the convicts, then the 'ten pound Poms' (and Irish) migration wave from the 1950s, now guys forced to fly halfway around the world just to find work. Banks, developers and politicians, all happy to believe one another's bullshit - fantastic. Its worth noting that financial crises formed the seeds for the French Revolution and WWII - imagine the streets of Detroit awash with armed gangs hellbent on anarchy. Oh, wait .... http://en.wikipedia.org/wiki/Detroit_economy http://www.businessinsider.com/detroit-prosecutors-laying-off-lawyers-2013-3?IR=T Link to comment Share on other sites More sharing options...
bust Posted March 22, 2013 Report Share Posted March 22, 2013 Geldof is a wanker like his mate Bono.......it's all about "me me me" Link to comment Share on other sites More sharing options...
Coss Posted March 22, 2013 Report Share Posted March 22, 2013 I had the privilege of delivering 4 Lao ladies to a social function last night, who all looked like that, but with clothes on. Link to comment Share on other sites More sharing options...
Flashermac Posted March 22, 2013 Report Share Posted March 22, 2013 What kind of a social function? Link to comment Share on other sites More sharing options...
bust Posted March 22, 2013 Report Share Posted March 22, 2013 Was it a bodily function? Link to comment Share on other sites More sharing options...
Flashermac Posted March 22, 2013 Report Share Posted March 22, 2013 Link to comment Share on other sites More sharing options...
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