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Subject:  Re: “The End of Dollar Hegemony” Date:  2/25/2006  12:57 PM
Author:  mhtyler Number:  15562 of 36385

"My guess is that the "invincibility" of the US dollar is about the same that that of the former Soviet Union. The current preception is that the dollar has strength, just as the USSR was once considered formidable."

Whoever considered the ruble formidable? As for Syria and Iran switching to Euros, that is more likely political than economic. They simply don't want their currency frozen when the s+++ hits the fan, which it will by and by. The Euros can be counted upon to treat anyone whether terrorist or not as a customer.

Personally, I'm sticking with the dynamic U.S. economy over the stagnant European one...warts and all.

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