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Subject:  Re: “The End of Dollar Hegemony” Date:  2/25/2006  1:11 PM
Author:  imdajunkman Number:  15563 of 35576

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.


My apologies for the unclarity of the sentence you quoted. Yes the ruple is a joke, but the might of the Soviet Union as a nation was considered invincible by Western nations. Hence, the "Cold War". Cur