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Dollar Peg

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June 01, 2008 – Comments (9)

There is an article about Paulson saying the dollar peg has served the Mideast well.

I read the article and really question it.  The mideast has oil and would do well regardless of a dollar peg and if anything, the dollar peg serves the US well and has entitle the US to a level priviledge that no other country enjoys. 

When other countries are buying your dollars, it makes your dollar stronger and increases the buying power.  The US has enjoyed this bonus buying power for years. 

I suspect that 2% treasury rate is going to change that priviledge big time.  Well, also since foreign investors have lost their shirt over the US dollar decline I suspect the desire to hold US dollars has declined enormously.  Actually, that priviledge has been changing, but I suspect it isn't over.

9 Comments – Post Your Own

#1) On June 01, 2008 at 1:13 PM, dwot (47.53) wrote:

My reading list...


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#2) On June 01, 2008 at 10:04 PM, jahbu (85.19) wrote:

All us gringos should move to Canada when the dollar collapses.  We could all take advantage of their healthcare system on their dime.  

CYA soon DWOT!  Hope you are prepared to pay more taxes!

Glad I saved my old hockey cards, might be able to trade them in for a bowl of soup.

Maybe mid east will peg to CANADA, then you can be Privy too!  Itsa blast being resented by the world!

Jahbu

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#3) On June 02, 2008 at 4:22 AM, AnomaLee (28.64) wrote:

D. Wot...

that cold fusion article should not be on your reading list. I'd be willing to bet that you'll see the S&P at 150,000 before you see real "cold fusion"

It's still a scam, but I had to read it too just because I was curious

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#4) On June 02, 2008 at 9:16 AM, dwot (47.53) wrote:

AnomaLee, I was in university taking science when the news took on the the "cold fusion" in 89 and it was such a scam.  Some things are on there just because they interest me.  I found the difference in how the media viewed this one interesting after being such suckers to the 89 claim.

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