"Middle Eastern anger over the decision by the US to block a Dubai company from buying five of its ports hit the dollar yesterday as a number of central banks said they were considering switching reserves into euros.The decline of the American Empire accelerates. Thank goodness for small favors. Save us from ourselves, if you can, Arab Sheiks and Emirs.
"The United Arab Emirates, which includes Dubai, said it was looking to move one-tenth of its dollar reserves into euros . . .
"the dollar . . . fell against the euro, pound and yen yesterday as analysts warned other central banks might follow suit."
Monday, March 13, 2006
The decline of the American Empire accelerates.
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