Monday, February 23, 2009

Central banks dump dollar for euro

http://www.atimes.com/atimes/Global_Economy/GA27Dj01.html
But what about INR ? why isn't it growing ?
Every other currency is growing against dollar, but rupee just keeps touching new lows .....

The great bush turned $236.4 billion surplus into a $413 billion deficit..... you are great bush... no one could have done it....really really great

china is saying publicly they do not want to dump dolllar.... then candidly they have plans to dump dollar.... great news

as the article says china/japan has great control over US dollar... had this recession happened 10 years from now(i am not saying it will not continue for another 10 years)...china would have dumped dollar... but right now china is not self-sufficient... and it is using this recession to become one... when it does we would have tales once upon a time there existed a currency called dollar in US

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