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US Dollar Gets Flushed Down World Toilet

 
 
Reply Wed 3 May, 2006 01:41 pm
The almight dollar - the one our corrupt government and the FED had us put ALL our faith in - is about to be flushed down the world's proverbial toilet.
U.S. currency was called "unreliable as a reserve currency" by Finance Minister Alexei Kudrin, made a taboo word by the Public Chamber and centrist politicians, and ditched by the general public amid reports of its imminent depreciation.

The U.S. dollar has fallen to its lowest rate against the ruble in a year, 27.2424, with signs that further drops are likely, prompting analysts to propose that the time to save or speculate in rubles has come.

"In the short to mid-term, the choice has to be for the ruble," said Yaroslav Lissovolik, chief economist with investment bank Deutsche UFG.

continued...

"America has only one chance to save itself from the death grip of international bankers - nationalize our monetary system."

"Russia is ACTIVELY distancing itself from the US dollar."
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Type: Discussion • Score: 1 • Views: 333 • Replies: 2
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NickFun
 
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Reply Wed 3 May, 2006 03:43 pm
Russia makes their own US Dollars. They have the printing presses and everything.
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paull
 
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Reply Wed 3 May, 2006 04:10 pm
Bull. Tell it to the Russian people. When the new off center Benjamin came out the US ran ads on Russian TV explaining that the old bills, which plump up nearly every mattress in Russia, were still good. Anyone with sense (hard to come by hereabouts) knows that the buck has a lot more security than the ruble, ferchrissakes, which can be devalued by fiat several times a week, and has in the past.

Check back in a year and see how many have chosen to invest in the ruble. One guarantee, the Russian Finance minister won't be one, no matter who it is then.
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