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UAE, Saudi considering to move reserves out of dollar
forex ^
| 3/18/06
| all-Gis-eara
Posted on 03/20/2006 9:41:26 PM PST by STD
click here to read article
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To: Spruce
We need to develop technology where we can just drill serious-deep and suck that sweet crude out from underneath these cavemen.You mean like a fish-hook shaped pipeline underground? Like siphoning someone else's gasoline? LOL
I like the sound of that.
21
posted on
03/20/2006 10:05:05 PM PST
by
Windsong
(Jesus Saves, but Buddha makes incremental backups)
To: STD
bump for later (MUST...DISPELL...STUPIDITY)
To: STD
The game here is for UAE and Saudi to keep your reserves in dollars and we'll protect you. Same as Japan has huge dollar holdings due to cumulative trade deficits but will never dump them or go to the Euro as a reserve currency. So long as it knows we will back them up against China. Taiwan is the same and so is Korea
China is running huge trade surpluses with us and does not want our protection. They're aim is to destroy our dollar protection racket. I have no problem with our dollar diplomacy
23
posted on
03/20/2006 10:09:03 PM PST
by
dennisw
(-Muslim's biggest enemy is the founder of Islam, Muhammad. Muslims are victims of this evil conman-)
To: STD
This inching to war with the Bush and Clinton buddies in the house of sawed is driving me crazy. Let's just get at it. I hope the next president is a wild man.
24
posted on
03/20/2006 10:11:42 PM PST
by
gotribe
(Just tired of going easy on islam)
To: STD
This constant currency threat has 2 important characteristics:
1. It's of our own making. It might only have the affect that is sometimes projected because we don't handle our money well. Even if it's painful, it will be much better for us to handle our money well.
2. This can only be used once. After a painful, even traumatic correction occurs, then the situation will be, well, corrected.
So I say bring it on. Hit our currency as hard as you can because we deserve it for being irresponsible, and because the pain will permanently remove this threat in the future.
Of course there's a big if as to whether the effect even takes place.
25
posted on
03/20/2006 10:12:10 PM PST
by
starbase
(Understanding Written Propaganda (click "starbase" to learn 22 manipulating tricks!!))
To: STD
"The head of the United Arab Emirates central bank, Sultan Nasser Al Suweidi, said the bank was considering converting 10 per cent of its reserves from dollars to euros."
Considering the slap in the face they got from the lying left and the two-faced RINO's I'm surprised it isn't more than 10%. We can only hope and pray they don't retaliate more and evict our military and stop us using their facilities.
What our so called leaders did over the ports deal is going to effect us all for a long time, and the worst is yet to come.........Thankyou Chuckie and Hitlary!
26
posted on
03/20/2006 10:17:34 PM PST
by
AmeriBrit
(AMERICA's WORST ENEMIES! http://media1.streamtoyou.com/rnc/0519RNCNo-1.wmv)
To: Reagan Man
fear? more like intrigued
To: GaryMontana
Sometimes I wonder if these third world nations would like to live under Iran for a short time, than have them express their anger at the USA. Dubai is not third world, in any respect.
The entire country looks like the strip in Las Vegas.
28
posted on
03/20/2006 10:20:39 PM PST
by
sinkspur
To: starbase
At this minute, this is all ''Much Ado About Nothing''. Ol' Bill always could turn a phrase, couldn't he?
I wonder if our self-appointed non-currency-trading ''experts'' here know that, from 1 January this year, EVERY SINGLE ONE of the historically successful so-called ''seasonal'' trades involving USD vs some other currency ... has been profitable.
In plain English -- ain't nothin' changin', at least right now.
BTW, I don't ''wonder'' at all. Unless one follows the forex mkts daily, one cannot have a clue.
Just FYI, do you know the forex relationship that's broken down BADLY this year? It's GBP vs JPY and GBP vs EUR. The Brits are (not terribly surprisingly) on the ropes as regards their currency.
Some time, if you like, I'll offer some thoughts on the subject.
Good trading to you, and FReegards!
29
posted on
03/20/2006 10:22:05 PM PST
by
SAJ
To: STD
Odd that this speculation piece is from Forex. Any other sources that don't have an axe to grind?
30
posted on
03/20/2006 10:24:21 PM PST
by
afnamvet
To: STD
They'll love euros, too. When the EU totally votes itself out of existence, in another few years.
31
posted on
03/20/2006 10:25:24 PM PST
by
bboop
(Stealth Tutor)
To: SAJ
Some time, if you like, I'll offer some thoughts on the subject.
Good trading to you, and FReegards!
Thanks much. And whenever you want to share some thoughts on the subject, fire away!
32
posted on
03/20/2006 10:31:10 PM PST
by
starbase
(Understanding Written Propaganda (click "starbase" to learn 22 manipulating tricks!!))
To: AmeriBrit
>>>>Considering the slap in the face ....Spoken like a good Euro-socialist.
The House committee voted 62-2 to oppose the Dubai deal. 70% of Americans opposed the Dubai deal. Most conservatives said to Bush, enough already.
Bush was defiant, even arrogant at first. In the end Bush caved. And DPW/UAE/Dubai cried uncle. And some Freepers had egg on their faces for siding with the "jihadists".
In the end, America won.
33
posted on
03/20/2006 10:33:38 PM PST
by
Reagan Man
(Secure our borders;punish employers who hire illegals;stop all welfare to illegals)
To: Spruce
We've been drilling horizontal wells for years. Distance is the issue in hitting any given reserve.
34
posted on
03/20/2006 10:33:56 PM PST
by
Cobra64
To: sinkspur
"Dubai is not third world, in any respect."
It is however, the "tird" world...
35
posted on
03/20/2006 10:46:30 PM PST
by
babygene
(Viable after 87 trimesters)
To: STD
ÃÂThey are contravening their own principles,ÃÂ said Al Suweidi. ÃÂInvestors are going to take this into consideration (and) will look at investment opportunities through new binoculars.ÃÂHopefully, Americans take a look at this through ”new binoculars“ and see that neither Saudi Arabia nor the UAE are our friends. Allies perhaps, but friends? Nope. Their game plan? Sell us oil at extravagantly inflated prices, then purchase our land right out from under us. Hold our economy hostage and threaten to move their money over to the Euro. Friends? Riiiiiiiight.
To: boycottliberalhollywood.com
That seems like a "full plate of worldly concern" right there.
Do you focus on Hollywood for recreational purposes?
The deplorable ignorance of our duplicitous world could surely use a champion of your prowess to advance the cause of general awareness.
37
posted on
03/20/2006 11:06:47 PM PST
by
CBart95
To: Echo Talon
Supply & Demand, who else has port facilities in the area that we can use? Answer nobody.
Who else has the military to prop up their flabby lazy asses and protect the commerce that goes in and out of their little sheikdoms? Answer nobody.
And in 6 months those same idiots are going to be looking at a nuclear armed Iran bent on creating a Shia Muslim Caliphate. Guess who they will be crying to protect them then?
38
posted on
03/20/2006 11:12:41 PM PST
by
Kozak
(Anti Shahada: " There is no God named Allah, and Muhammed is his False Prophet")
To: STD
So Europe is basically a stable collection of countries with a stable currency and has a future without major conflicts? Maybe the Arabs see a different future Europe? One without any development in alternative energy? Maybe the US has something on the energy horizon that will drastically reduce oil consumption and the Arabs know this? Maybe they trust the Europeans to protect/negotiate them from China when China's hunger for oil grows?
39
posted on
03/20/2006 11:12:42 PM PST
by
Dallas59
(MOHAMMED LIED-PEOPLE DIED)
To: STD
the sooner we stop financing these dacoits the better. alternate sources now!!
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