insideoil

Is There Really a Global 'Cabal' Aiming to Dump the Dollar?

Methinks that most of the US blustering forget that people make these moves, not states. It is the thousands that every day wish to avoid risk and reap reward that will make the decision to move by their collective actions. If the US$ is high risk and highly volatile, and forces any number of painful problems - then a change to something (anything ?) more stable will be prefered. Those thousands will and have already started to test the water - and found the alternatives to hold some better promise, be they Chinese, Arab or anyone else. Political issues will not be able to hold back the power wielded by all those individual decisions. And finally - yes - can I now please be paid in Euro's, I'm not sure I like USD's so much anymore. I'll start with a split package, and then we will see how we go. The scare stories on loss of the USD just make me more convinced its time to hedge the bets - and so my little leak is likely to turn quickly to a flood if the USA is unable or unwilling to get their house in order. The message from the world is simple, stop printing money or we will have to trust something else as a store of value.