"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Saturday, June 07, 2008

The Almighty Dollar's decline

It is worth noting that when the illegal invasion of Iraq commenced in March 2003 , US$1 = €1 today you need US$1.58 to buy €1 , so therefore it is of interest to make some different price comparisons. Ditto corn, rice, coal, LNG ....


Stef said...

I watched the BBC evening news and they told me all these price rises are down to Chinese factory workers driving round in SUVs and ramping up production of poorly made tat for the booming US economy

or something like that

ziz said...

They have been saying this for so long and with such frequency that one day it might become true.

Now I've got this cream ....

(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish