Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

Oil Will Resume It's Climb As Dollar Slides

General discussions of the systemic, societal and civilisational effects of depletion.

Oil Will Resume It's Climb As Dollar Slides

Unread postby poppabear » Thu 23 Oct 2008, 02:11:28

This dollar rally is not likely to last very long. The Fed is currently doing huge reverse repo's to buy up Treasuries as all G7 nations sell-off their dollar reserves. The G7 meeting was an arrangement for the U.S. to buy up Treasury Bills through reverse repos in order to inflate the dollar so that G7 Nations could exit their dollar positions at a good price.

Warren Buffet is currently dumping his own Treasury Bonds.
User avatar
poppabear
Wood
Wood
 
Posts: 5
Joined: Wed 22 Oct 2008, 03:00:00
Location: West Palm Beach, FL

Return to Peak Oil Discussion

Who is online

Users browsing this forum: No registered users and 34 guests