jesusfreakinco (31.54)

Death of USD confirmed by Lazard - The World Trust Fund

October 25, 2009 – Comments (0) | RELATED TICKERS: FED , CRO , OKS

Death of the dollar confirmed by Lazard

"In a surprise move by Lazard Asset Management’s “The World Trust Fund” as dumped the USD as its primary currency in favor of the Sterling. Typically these funds trade in the USD, but the fund’s board apparently felt pressure from shareholders and investors to change its primary currency from the USD to the Sterling, one can imagine it is because of the recent slide of the USD from 89 to 75 in recent months impact the real return of the fund’s performance.

That is a stunning statement to read and is a possible sign of the times as the USD is under pressure from every direction and in jeopardy of losing its reserve currency status."

Full article

JFC - still trying to figure out what is coming down the road and perhaps soon...

I don't see the value in moving from USD to GBP since GBP seems not too far behind the USD in terms of issues.