Post
Topic
Board Economics
Re: Sniff ... do you smell smoke?
by
ShadowOfHarbringer
on 22/02/2011, 08:29:39 UTC
Wouldn't they do better to hold oil futures?

edit: and can't they buy those with any major currency?

Yes, and basicly everyone does this to some degree, but there remains a limit as to how well hedged any single nation can really be because ultimately the contracts have to be settled in US currency per international treaties.  This is a *major* part of the artificial demand that supports the value of the US dollar, but this will not ultimately prevent the US dollar from collapse.

Well, i hope it collapses soon.
The quicker it fails, the better it is for everyone (especially Bitcoiners Tongue).