[FoRK] Re: [silk] The Demise Of The Dollar

Stephen D. Williams <sdw at lig.net> on Mon Jun 4 12:16:17 PDT 2007

Adam L Beberg wrote:
> Eugen Leitl wrote on 6/4/2007 12:21 AM:
>> The U.S. dollar took a big hit last week. From Kuwait. On May 20,
>> Kuwait stopped pegging its currency, the dinar, to the U.S. dollar.
>>
>> You know your currency has become a 98-pound weakling when Kuwait can
>> kick sand on it.
> 
> Nobody with any sense is keeping assets in dollars anymore. All the
> usual billionaires ( like Buffet, Gates ) and governments and even US
> folks know whats coming and have stated as much. If you're still one of
> the fools holding dollars, pull your head out of your butt already and
> convert the dollars into anything else.
So it follows that the best place to hold debt is in dollars.
Maybe that is someone's strategy.

> This topic is just boring, we're just sitting and waiting for the wild
> ride to start, wondering only when not why/how/what.

sdw



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