Quote:
Originally posted by Looger@Sep 25 2004, 06:55 PM
all i know is - a people that lets their government run as wild as the CIA has over the last few decades sure doesn't care a whit if canadian mental patients are brainwashed by some sick bas**rds in the name of freedom.
that is 'democracy', then...
we have got to start finding new markets for our goods.
if all those rumours are true, aboot iraq starting to sell oil for euros and not dollars being the main reason for invasion, then i say call america's bluff, switch our currency to the euro with a guarantee from europe that they'd open their markets to X number of our goods, and we'll see exaclty what america's all aboot.
if the iraq thing is true then they may go bankrupt if the US dollar slips out as the de facto world currency for oil. maybe enough debts will get called in to show the federal reserve for exactly what it is.
canada stands alone in the world as the one country that can really mess with america without fear of military reprisal, or non-protection by america (like saudi arabia for example).
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If I remember correctly, it was a USA Commerce department official who, in roughly mid-March 2003, right around the time of the invasion of Iraq, who said the USA was no longer supporting a strong dollar policy.
The USA dollar immediately began a major slide against most global currencies.
Some were speculating the USA was ticked, for one thing, that China wouldn't float its currency, instead pegging it to a strong dollar. One reason, probably, among many. Most "experts," if I recall, had been calling for a dollar drop for several years, saying the currency was badly overvalued.
Who would care what currency Iraq was selling its primary export in?
Cowperson