Toc wrote: there is NO FRIGGING WAY OUT OF THE $8T DEBT THAN BY INFLATING AND WEAKENING USD. IF THERE IS ANY PLEASE LET US KNOW AND WE WILL LISTEN WITH DEEP INTEREST AND ATTENTION ............................................................................................ This is a logical statement...and DR Steph is correct that diversification percentages will be the way that the CBs will work it out...A shift of 10% is significant....and very possible... And thats´right ...after a $7 trillion loss...and a several $trillion add on by the Bush Administration...Toc´s got it right...
And here comes Libertad with the Bush commentary to make the cake perfect. I expect SouthAmerica to show up any moment. Then we can move this to chit chat.
Not to forget the soon coming oil exchanges in Iran and Russia that will take another hit on USD. Incidently these nations do not hold too many USD in reserves.