On 6/12/07, Binand Sethumadhavan <[EMAIL PROTECTED]> wrote:
On 04/06/07, Udhay Shankar N <[EMAIL PROTECTED]> wrote:
>
http://articles.moneycentral.msn.com/Investing/JubaksJournal/KuwaitKicksSandOnTheDollar.aspx
>
> 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.
Related?
http://www.rediff.com/money/2007/jun/11dollar.htm
I don't understand enough of economics to say whether this is all believable.
So, while the idea of justice being served in the end is rather heart
warming; it seldom works that way where the powerful are concerned.
Agreed that the Americans are piss poor imperialists, and have been
blundering all over the landscape trying to wield their power with
incompetence. But, even for Duhbya, letting the dollar collapse would
take remarkable effort.
Maybe they should turn over their money to the Brits and their guns to
Israel. At least they would be put to good use.
The British spent their ill gotten imperialist fortunes profligately,
and oh yeah they are suffering soooo much today. Really, the Chartered
accountant from Chennai should go back to counting numbers, and not
gaze too much into the crystal ball. feh!
