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Roberts: Iranian Use of Euro Wouldn't Harm Dollar

Discussion in 'Political Debate & Discussion' started by KenH, Feb 12, 2006.

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  1. KenH

    KenH Well-Known Member

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    #1 KenH, Feb 12, 2006
  2. rsr

    rsr <b> 7,000 posts club</b>
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    The key point:

    "The US is abusing the dollar's role as reserve currency. When a trusted alternative appears, the dollar is likely to lose its reserve currency role. Iran, however, cannot cause that transition."

    The pound, not so very long ago, was the world's reserve currency. I'm sure the British never dreamed that would change.

    Of course, the U.S. was for a very long time the world's swing producer of oil ...
     
    #2 rsr, Feb 12, 2006
  3. NaasPreacher (C4K)

    NaasPreacher (C4K) Well-Known Member

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    I hope the dollar stays strong - my support is in dollars. but I spend euro.

    I am a pragmatist when it comes to dollar/euro issues ;) .
     
    #3 NaasPreacher (C4K), Feb 12, 2006
  4. elijah_lives

    elijah_lives New Member

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    Gold, at the moment, is becoming the reserve currency of choice. Notice that when the dollar rises, gold falls, and vice-versa.
     
    #4 elijah_lives, Feb 12, 2006
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