[classified]

That's a good question. I often wonder about that. Drudges' headline indicating that the Arabs have been secretly meeting with the Russians, China, France and Japan to stop using US currency for oil trading. I discussed it with my husband and he said this would raise oil stocks but drop the value of the dollar.

At the same time he doesn't think China would want to participate because they would take a big hit for owning so much of our debt. On the other hand China would love to knock us out of the number one slot when we are currently weak and wavering.

The question is what currency would you or should you think of putting some of your dollars in? When the next wave of "All Hell Breaks Loose", what countries will be left standing untouched? I would think every body's economies are affected off of each other, so I really don't know if there is a safe haven.

[Chickensoup]

I am not really sure, but I want to loook at my options

[Neidermeyer]

This would be a wash for China ,, they lose some on the bonds but they are buying up oilfields/production like crazy (they’re heavy into Irans oil fields and moving into Iraq) ... They would love to stick it to us.

This is VERY bad for us ,,, the article infers that payment for oil will be required to be in a basket of currencies and gold ,, all of those currencies will be strengthened just by being included in the basket while the USDollar drops... If Obama needed any help holding the economy down in recession/depression mode THIS IS IT.