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It's all about the benjamins. Just not US currency. That's worthless.
Crazy Cooter:
http://moneycentral.msn.com/content/CNBCTV/Articles/Dispatches/P110182.asp
"The U.S. dollar took a pounding this morning, with traders worried about central banks moving away from the greenback. The dollar was trading at about $1.3232 per euro, up more than 1%. The greenback also fell against the yen, sinking to104.2 yen per dollar.
South Korea started the dollar selling. The country's central bank said it will diversify its holdings away from the dollar and Taiwan then said it would follow suit. In the past two weeks the dollar has given up more than half of its gains for the year, CNBC's Steve Liesman reported.
Central banks hold about 64% of their reserves in U.S. dollars and economists expect that percentage to fall, Liesman said."
Well it looks like the US dollar isn't "cool" to have anymore. The interest rates just took a jump too. I smell inflation... With the EU looking to open trading full time with China, I think the Euro is going to take over as the world currency. It would be wise for them (europeans) to start talking with Iraq & Saudi to start taking it directly. If they do, the US dollar is doomed. It looks like world confidence in the US economy is falling.
mr.Curmudgeon:
For a second, I really thought this thread was referrencing my post here (re: Bejamin Port wine): http://forum.arcadecontrols.com/index.php/topic,32384.msg277278.html#msg277278 :)
'Cuz it *is* all about the Benjamins!
mrC
GGKoul:
The US$ has been dropping fast for the past year. All because of Bush spending and creating more of it to pay for the war.
missioncontrol:
US currency??? I thought that it was plastic....that's what I use..... ;D
I never really carry cash anymore....and I have to plan it out ahead of time if I plan to use paper money.......
Dartful Dodger:
America has no money. There are no longer any American dreams to follow. Do not leave your country.
If you need a better life move to France, or South Korea, then you will get what you deserve.